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On the Financial Crisis of Iceland
The current financial crisis in Iceland is of course part of and connected to the international upheaval, but it also has its domestic roots. To put it briefly, for more than 17 years, we Icelanders have had a right-wing government led by the right-wing Independence Party in coalition with social democratic or center parties. The […]
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Russia Draws Closer to Venezuela
Zaa Nkweta, The Real News: Venezuela just announced that it plans to buy Russian tanks as well as Russian armed reconnaissance vehicles. At the same time, the Russian naval fleet is on its way to Venezuela to conduct joint military exercises. What do you make of this? Forrest Hylton: On the one hand it’s […]
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Reading When and How Was the Jewish People Invented?
Reading Shlomo Sand‘s book When and How Was the Jewish People Invented? (Resling, 2008), I realized that there are actually several, not all related, arguments and debates within it. In other words, it does not have one thesis that can be accepted or rejected as a whole, but an attempt to address various historical issues […]
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The Problem Is Capitalism, Not Just the Banks
Don’t panic! That’s the panicked cry of governments and central bankers around the world. Meanwhile their behaviour shows that they expect a very, very deep recession. After repetition over more than a quarter of century — by mainstream economists, ministers, the World Bank and International Monetary Fund — neo-liberal platitudes have been forgotten. Today, we […]
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The Life and Times of Genora Dollinger
Child of the Sit-Downs: The Revolutionary Life of Genora Dollinger, by Carlton Jackson, WKU Distinguished Professor Emeritus of History. Kent, OH: The Kent State University Press, 2008. 256 pages, $39.00 (cloth). This wonderful book is a most welcome biography of Genora Dollinger, labor reformer and feminist. Genora (her husband told Dr. Jackson that she […]
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The Depression: A Long-Term View
The depression has started. Journalists are still coyly enquiring of economists whether or not we may be entering a mere recession. Don’t believe it for a minute. We are already at the beginning of a full-blown worldwide depression with extensive unemployment almost everywhere. It may take the form of a classic nominal deflation, with all […]
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Iran: Comprehensive Sustainable Development as Potential Counter-Hegemonic Strategy
The questions regarding variations in social development, economic progress, and political empowerment have produced a voluminous literature over the past century, and because of the complexity of these issues, much important reflection will continue well into the future. In the early 1980s, a United Nations’ Commission coined the term “sustainable development” as a public statement […]
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Choreographing Permanent War
Notwithstanding the renewed public concern about the economy in the wake of the implosion of the global financial architecture, the so-called “war on terror” remains at the forefront of the American presidential election campaign as it heads into its final stretch. Despite continuing popular opposition to Washington’s blatant empire-building policies both within the US and around the world, both Messrs. Obama and McCain are reiterating their commitment to good, old-fashioned American-style war making. Indeed, how to take forward the Project for a New American Century will almost certainly be the preeminent issue facing the new occupant of the White House come January.
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Wall Street vs Main Street: Finger Pointing vs System Change
Amid the current capitalist crisis, fear spreads and scapegoating surges. Media and politicians charge the predictable suspects. Arrests may follow. Few recognize the system as the problem, rather than this or that group reacting to the system’s demands and pressures. True, the word “capitalism” now arises in public discussion. But there it means big business, […]
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The Mad Activist’s Declaration of Codependence
The sages of History say, Know Thyself — and I do. I used to be a peace activist, but thanks to the sages of pop-psychology, I see now that I am a codependent. Yet I refuse to be your ordinary, run-of-the-mill codependent, who’s stuck in a crappy relationship with just one needy, abusive individual. I […]
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How the Crisis Saved the German Railroads
The rolling stock of the German railroads, due to be peddled off to the highest stock market bidders on October 27th, has been saved, at least temporarily, and is still nationally owned. That seems to be the one possible bit of good news in the present economic crisis. All the rest is bad. The railroad […]
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The Financial Crisis of U.S. Capitalism
The Will Miller Lecture, University of Vermont, October 28, 2008 Like many people who do not live around here, and maybe some who do, I had not heard of Will Miller, so, on being invited to be part of the Will Miller Social Justice Lecture series, I went to the organization’s Web site and learned […]
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Israeli Bestseller Breaks National Taboo: Idea of a Jewish People Invented, Says Historian
No one is more surprised than Shlomo Sand that his latest academic work has spent 19 weeks on Israel’s bestseller list — and that success has come to the history professor despite his book challenging Israel’s biggest taboo. Dr. Sand argues that the idea of a Jewish nation — whose need for a safe haven […]
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Financial Crisis Hits Mexico: Social Crisis on the Horizon?
The international financial crisis that originated in mortgages and derivatives in the United States has spread to Europe, Asia, and Latin America, and Mexico will be significantly affected by the crisis. Government, business leaders and analysts say that for Mexico the crisis means: Less foreign direct investment. A decreasing market for its exports. Lower prices […]
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A Primer on Wall Street Meltdown
Flying into New York Tuesday, I had the same feeling I had when I arrived in Beirut two years ago, at the height of the Israeli bombing of that city — that of entering a war zone. The immigration agent, upon learning I taught political economy, commented, “Well, I guess you folks will now be […]
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Bolivia: Defeat of the Right
In the amazing series of elections in South America in the last five years, the most radical results were in Bolivia, with the election of Evo Morales as President. It is not because Morales stood on the most radical platform. It was rather that, in this country in which the majority of the population are […]
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Austria, Bavaria, and Brandenburg Go to the Polls
Bavaria, Germany’s largest state, borders on Austria: both have countless Alpine peaks, lots of men in lederhosen, and many right-wing Roman Catholic traditions. Both had elections on Sunday. Before nightfall many an otherwise happy yodeler showed tightly compressed lips and a grim look. In Austria the main parties, the conservative Austrian People’s Party and the […]
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The Financial Crisis: Will the U.S. Nationalize the Banks?
The political conflict over the Bush administration’s plan for a bailout of the banks, brought about both by differences with the Democrats and even more intensely with rightwing Republicans, makes it highly unlikely that Congress will be able to pass a bailout plan that can stabilize the financial situation along the lines that Secretary of […]
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“Just the Facts”: Interview with Norman G. Finkelstein
Norman Finkelstein is one of the world’s most outspoken and tenacious scholars on the Israel-Palestine conflict, and a fierce critic of the way Israel’s supporters try to wield the memory of anti-Semitism as a baton to beat up on those who criticize the country’s well-documented atrocities. Author of Beyond Chutzpah: On the Misuse of Anti-Semitism […]
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War Must Nourish Itself
Herbert Langer, The Thirty Years’ War, Trans.C. S. V. Salt, Blandford Press, 1980 The seventeenth century was ruled by an aristocratic caste that no longer exists, save in the minds of the credulous and easily-deceived. It was an imaginary caste of devils, angels, and other powers now consigned to oblivion. For peasant and prelate, soldier […]