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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 […]
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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 […]
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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 […]
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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, […]
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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 […]
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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 […]
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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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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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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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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 […]
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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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The United States and the World: Where Are We Headed?
This paper was presented at the Alexandre de Gusmão Foundation and the International Relations Research Institute’s (IPRI) “Seminar on the United States” hosted by the Itamaraty Palace (Brazilian Foreign Ministry) in Rio de Janeiro, Brazil on September 29, 2008. Introduction The United States appears to be embarking on a transition on two major fronts: its […]
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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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USAID, Key Weapon in Dirty War on Latin America
In a statement drafted in scrupulously selected terms and circulated with exceptional discretion, the so-called U.S. Aid for International Development (USAID) has publicly confessed to having squandered taxpayers’ money in its dirty war on Cuba. It did so in the face of warnings by certain scandalized congress members and the embarrassing revelations of audits […]
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Bolivia: Indigenous Government Defies US-backed Fascists
Relative calm has returned to Bolivia following a three-week offensive of violence and terrorism launched by the US-backed right-wing opposition denounced by Bolivian President Evo Morales as a “civil coup.” This campaign of terror, centered on the four resource-rich eastern departments (Santa Cruz, Pando, Beni, and Tarija) known as the media luna (half moon), was […]
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Luis Bilbao: For the United States, the Key Is Bolivia
If the United States manages to unleash a civil war in Bolivia, the plan is to extend it throughout the region and to resort to massive and extensive use of violence to regain ground, said Luis Bilbao, director of Revista América XXI, in an interview with Ernesto Villegas (via satellite) for the VTV program “Mediodías […]
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Third World: Is Another Debt Crisis in the Offing?
While taking a significant toll on public revenues,1 repayment of the public debt has, since 2004, ceased to be a major concern for most middle-revenue countries and for raw material-exporting countries in general. In fact the majority of governments of these countries are having no trouble finding loans at historically low interest rates. However, the […]
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The Machine Gun and the Meeting Table: Bolivian Crisis in a New South America
On Monday, September 15, Bolivian President Evo Morales arrived in Santiago, Chile for an emergency meeting of Latin American leaders that convened to seek a resolution to the recent conflict in Bolivia. Upon his arrival, Morales said, “I have come here to explain to the presidents of South America the civic coup d’etat by Governors […]
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Dealing with Iran’s Not-So-Irrational Leadership
Nothing expresses the widening gap between the mind frames of the Iranian ruling elite and their Western counterparts more than the headlines in their respective newspapers. The American media, above all, have unilaterally resolved the intelligence questions over Iran’s nuclear program. The New York Times leads the pack with articles and even editorials that […]
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Revolution! New Book Charts Roller Coaster Ride of South American Left
Throughout the past eight years of the Bush administration, North and South America have politically and economically been heading in opposite directions. While Bush waged wars, curtailed civil liberties, and spread neoliberalism, South Americans stopped corporate looting, ousted corrupt presidents, and developed economies for people instead of profit. Journalist Nikolas Kozloff’s new book, Revolution! South […]