“Our community is expanding: MRZine viewers have increased in number, as have the readers of our editions published outside the United States and in languages other than English. We sense a sharp increase in interest in our perspective and its history. Many in our community have made use of the MR archive we put […]
Geography Archives: Latin America
The Financial Crisis Hits the Immigration Debate
Part of the right wing routinely blames undocumented immigrants for just about everything. On September 24, nine days after the financial meltdown started in earnest, the National Review Web site carried an article by columnist and blogger Michelle Malkin blaming “illegals” for the crisis and the subsequent bailout of the banks. “The Mother of All […]
Indigenous Peoples Rising in Bolivia and Ecuador
Introduction Indigenous peoples in Indo-Afro-Latin America, especially Bolivia and Ecuador, are rising up to take control of their own lives and act in solidarity with others to save the planet. They are calling for new, yet ancient, practices of plurinational, participatory, and intercultural democracy. They champion ecologically sustainable development; community-based autonomies; and solidarity with other […]
The Meeting with Hu Jintao
I did not want to talk a lot, but he obliged me to expand on things; I asked some questions and, basically, listened to him. His words recounted the feats of the Chinese people in the last 10 months. Heavy and unseasonal snowfall, an earthquake that devastated surface areas equivalent to three times the size […]
South America: Recession Can Be Avoided
Can South America escape the wrath of the economic and financial storms that have their epicenter in the United States? Since the financial meltdown began in mid-September, the bond markets of most of the region (Brazil, Argentina, Colombia, Venezuela) have been hit, as well as most of their stock markets and a number of currencies. […]
Venezuela’s Transition to Socialism
In October 2008, I was invited by the World Forum for the Alternatives to a conference in Caracas, Venezuela. This provided me with an opportunity to learn more about a country that has embarked on a path of redistribution under a programme that Venezuela’s President Hugo Cavez Frias now calls “Socialism of the 21st […]
Neoliberalism and Hindutva: Fascism, Free Markets and the Restructuring of Indian Capitalism
Over the 1980s and 1990s we witnessed the simultaneous rise of two reactionary political projects, Hindutva and neoliberalism, to a position of dominance in India. Such a combination is not unusual, in that neoliberalism is usually allied with and promoted by socially reactionary forces (such as the hyper-nationalism of the “bureaucratic-authoritarian” dictatorships in Latin America, […]
Obama’s Economic Advisors: Will Well-tested Enemies of Africa Prevail?
One of Barack Obama’s leading advisors has done more damage to Africa, its economies and its people than anyone I can think of in world history, including even Cecil John Rhodes. That charge may surprise readers, but hear me out. His name is Paul Volcker, and although he is relatively unknown around the world, the […]
I Hope
Will Obama prove, at the helm of government, that his threats of war against Iran and Pakistan were only words, broadcast to seduce difficult ears during the election campaign? I hope. And I hope he will not fall, even for a moment, for the temptation to repeat the exploits of George W. Bush. After all, […]
Developing Countries: Dangerous Times for the Internal Public Debt
Since the second half of the 1990s, the internal public debt of the world’s developing countries has increased significantly. This increase is now reaching alarming proportions in a number of middle-income countries. While some very poor countries have not yet been affected, the historical trend indicates a continuing rise in the debt level for developing […]
Desperate Need for Serious Change in Transatlantic Foreign Policy
Almost eight years of the Bush/Cheney Administration have plunged the world into a deep political, economic, and moral crisis, whose overcoming will probably require decades if a sharp turn does not immediately take place. That is why the newly elected Obama/Biden Administration must bring about serious change. After having lost the popular national vote against […]
The Unfolding Crisis and the Relevance of Marx
Some of you may have been present at our meeting in this building in May this year, when I recalled what I had said to Lucien Goldman in Paris a few months before the historic French May 1968. In contrast to the then prevailing perspective of “organized capitalism,” which was supposed to have successfully left […]
Seized! The 2008 Land Grab for Food and Financial Security
Today’s food and financial crises have, in tandem, triggered a new global land grab. On the one hand, “food insecure” governments that rely on imports to feed their people are snatching up vast areas of farmland abroad for their own offshore food production. On the other hand, food corporations and private investors, hungry for profits […]
World’s Labor Federations React to Financial Crisis with Proposals from Re-regulation to Socialism
Labor unions around the world have reacted to the financial crisis and the economic recession with words and actions reflecting their national experience, their political ideology, and their leaderships. Unions and workers have already seen the financial crisis and the growing recession result in the closing of plants and offices, in shorter workweeks, pay cuts, […]
Bolivia: Congress Approves Referendum on Constitution
After months of street battles and political meetings, a new draft of the Bolivian constitution was ratified by Congress on October 21. A national referendum on whether or not to make the document official is scheduled for January 25, 2009. “Now we have made history,” President Evo Morales told supporters in La Paz. “This process […]
Responses from the South to the Global Economic Crisis
International Political Economy Conference Responses from the South to the Global Economic Crisis Caracas, Venezuela Final Declaration Academics and researchers from Argentina, Australia, Belgium, Canada, Chile, China, Cuba, Ecuador, France, Mexico, Peru, Philippines, South Korea, Spain, United Kingdom, United States, Uruguay and Venezuela participated in The International Political Economy Conference: Responses from the South to […]
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 […]
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 […]
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 […]
Where We Stand: Monthly Review and the Credit Crisis
Sunday afternoon, October 5th, 2008, a moment at the height of a global credit crisis, the like of which has not been seen by anyone under the age of eighty. The time will come when calm has returned, and when we at Monthly Review will point to a record over the last several years of […]
