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The Political Economy of ‘Democracy Promotion’
14 January 2011 Where are the ‘democracy promoters’ on the Tunisian uprising?, asks Marc Lynch. It’s a fair question: Thus far, a month into the massive demonstrations rocking Tunisia, the Washington Post editorial page has published exactly zero editorials about Tunisia. For that matter, the Weekly Standard, another magazine which frequently claims the mantle of […]
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People’s Rights Forum 2011, Ankara, 21-23 January 2011
People’s Houses (Turkey) is preparing to organize the second People’s Rights Forum on 21-23 January 2011 in Ankara, in a time when people’s rights struggles against neo-liberal capitalist aggression on labour, humanity and nature are growing. The first People’s Rights Forum was held in July 2007 with the common initiative and contributions of People’s […]
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The Battle against Cholera
I am taking a second, between various important analyses that are currently taking up my time, to refer to two issues that should be known to our people. The United Nations, at the instigation of the United States, the creator of poverty and chaos in the Haitian Republic, decided to send into Haiti its forces […]
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Pseudo-Privatization in the Islamic Republic: Beyond the Headlines on Iran’s Economic Transformation
When discussing the current state of Iran’s economy, commentators, activists, politicians, and the U.S. government all seem to agree on the massive role played by the Islamic Revolutionary Guard Corps (IRGC). Stanford University Professor Abbas Milani told an audience at the Carnegie Endowment in Washington, D.C. in June 2010 that this “military junta” controls “minimally […]
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Notes on Contemporary Imperialism
Phases of Imperialism Lenin dated the imperialist phase of capitalism, which he associated with monopoly capitalism, from the beginning of the twentieth century, when the process of centralization of capital had led to the emergence of monopoly in industry and among banks. The coming together (coalescence) of the capitals in these two spheres led to […]
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WikiLeaks Cables Show Why Washington Won’t Allow Democracy in Haiti
The polarization of the debate around WikiLeaks is pretty simple, really. Of all the governments in the world, the United States government is the greatest threat to world peace and security today. This is obvious to anyone who looks at the facts with a modicum of objectivity. The Iraq war has claimed hundreds of thousands, […]
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Capitalism: An Obsolete System
Listen to the interview with Samir Amin: Can you tell me very briefly what your book Ending the Crisis of Capitalism or Ending Capitalism? is about? The title of my book is indicative of the intention. The title, in a provocative way, is Ending the Crisis of Capitalism or Ending Capitalism in Crisis? As […]
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Latin American Lessons for the European Crisis: Interview with Michael A. Lebowitz
Michael A. Lebowitz will deliver the Fourth Annual Lecture in Memory of Nicos Poulantzas (“Building Socialism of the 21st Century: The Logic of the State”) on Wednesday, 8 December 2010, 7 PM, at the auditorium of the Goethe Institute (Omirou St. 14-16) in Athens, Greece. Mr. Lebowitz, is Marxism still relevant today? I ask […]
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WikiLeaks Honduras: State Dept. Busted on Support of Coup
By July 24, 2009, the U.S. government was totally clear about the basic facts of what took place in Honduras on June 28, 2009. The U.S. embassy in Tegucigalpa sent a cable to Washington with subject: “Open and Shut: The Case of the Honduran Coup,” asserting that “there is no doubt” that the events of […]
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Currency War and US Imperialism: Interview with Samir Amin
There has been much publicity about the so-called “currency war” arising from the discussions at the recent G20 meeting. Can you explain what is meant by currency war? The discourse, the rhetoric, on the currency war is very superficial and even misleading. As everybody knows, what is being said is that the Chinese yuan is […]
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Squeezing Iran: The European Connection
Negotiations on Iran’s nuclear program are due to start again shortly, and once again the European Union is called upon as a “mediator.” This is no minor challenge. With Iran insisting on discussing Israel’s nuclear capacity and the United States preparing a tougher uranium swap agreement, a deal seems as far away as ever. Nevertheless, […]
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Noam Chomsky on Hopes and Prospects for Activism: “We Can Achieve a Lot”
Acclaimed philosopher and activist Noam Chomsky is Institute Professor Emeritus of Linguistics at the Massachusetts Institute of Technology. He shared his perspectives on international affairs, economics, and other themes in an interview conducted at his office in Boston on September 14, 2010. Keane Bhatt: Your new book Hopes and Prospects begins with the story of […]
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Who Benefits from Deflation?
Paul Jay: So if you’ve got more or less zero percent inflation and you’re getting 3 percent on your bond, you’re making 3 percent. But if inflation’s 3 percent and you’re getting 3 percent on your bond, you’re down to zero. Now, the Fed is saying that we can do this quantitative easing, increasing […]
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European Authorities Pushing Ireland Down the Wrong Track
As another one of the so-called “PIIGS” countries is being led to the slaughterhouse, it is worth asking whether all the carnage advocated by the European authorities is really necessary. Ireland is in its third year of recession and income per person has already declined by more than 20 percent since 2007. Unemployment has more […]
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The Gains from Trade: South American Economic Integration and the Resolution of Conflict
It has long been argued that expanding commercial relations between countries acts as an incentive for nations to avoid hostilities up to and including armed conflict. Indeed this was a major impetus behind the economic integration of Europe1 after World War II, which led to the European Union and more recently the currency union of […]
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Emerging Markets Confront QE2: Capital Controls, Reserve Accumulation, or Both?
Paul Jay: You recently wrote a piece in the Guardian. The title is “Who Pays the Bill for the Fed’s QE2? By Depressing US Interest Rates, Quantitative Easing Forces Developing Countries to Defend Their Currencies at Crippling Cost.” What do you mean by that? Kevin P. Gallagher: One of the unintended effects of QE2 […]
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G-20 Barking Up the Wrong Tree
If the G-20 is going to be nothing more than a talking shop on economic issues, they ought to at least talk about the economic problems that really matter, and the ones that they can do something about. Not that currency values don’t matter — they are actually very important. And it is interesting to […]
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Certified Right-Wing Extremists Set to Take Control of House Foreign Affairs Panels
In the early years of the past decade, two hard-line Cold Warriors, closely associated with radical right-wing Cuban exile groups in Florida, occupied strategic positions in the U.S. foreign policy machine. Otto Reich, former head of the Reagan administration’s “black propaganda” operations in Central America, and Roger Noriega, co-author of the 1996 Helms-Burton Act, took […]
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Taking the Measure of Rot
I gave this talk at a very good conference, New Deal/No Deal, at Berkeley’s Institute for Research on Labor and Employment, on October 29. The panel chair was Michael Reich, who was the main organizer of the conference along with Richard Walker of the geography department. The dual themes were reflecting on the New Deal […]
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Freedom Restored: “We’ve Come to Take Our Country Back”
The Republican and Tea Party counter-revolution is on the march. Faced with a major voter rebellion against his hard socialist agenda yesterday, the Marxist-Leninist United States president Barack Obama has met with Tea Party icons Sarah Palin, Rand Paul, and Glenn Beck and “FreedomWorks” chief Dick Armey. Obama has agreed to significantly roll back the […]