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Geography Archives: Taiwan

Swazi Queens’ $6m Shopping Spree

  There is growing anger in Swaziland as it emerges that the media have been forced to censor news that a group of King Mswati III‘s wives have been on another international shopping trip squandering up to E50 million (6 million US dollars) that should belong to ordinary Swazis. When the wives went on a […]

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Myths about the U.S. Economic Model

The Great Recession is allowing some widely held beliefs about the U.S. economy — which were the source of much evangelism over the last few decades — to run up against a reality check.  This is to be expected, since the United States has been the epicenter of the storm of policy blunders that caused […]

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The End of Chimerica?

Like the star gazers who last week watched the longest total solar eclipse of the 21st century, diplomatic observers had a field day watching the penumbra of big power politics involving the United States, Russia and China, which constitutes one of the crucial phenomena of 21st-century world politics. It all began with United States Vice […]

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Indonesia: Tough Times for Returning Labor Migrants

JAKARTA, 14 May 2009 (IRIN) — For Risti Ariyani, the dream of working abroad and helping her family is over. Her contract with a computer components factory in Malaysia was abruptly cancelled because of the global financial crisis, leaving her no choice but to return home to Central Jaffa Province. “My family was counting on […]

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China’s Way Forward?  Historical and Contemporary Perspectives on Hegemony and the World Economy in Crisis

  2008 — Annus Horribilis for the world economy — produced successive food, energy, and financial crises, initially devastating particularly the global poor, but quickly extending to the commanding heights of the US and core economies and ushering in the sharpest downturn since the 1930s depression. As all nations strive to respond to the financial […]

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The G20 and the HIRCs

  A group of seven highly indebted rich countries (HIRC) of the world have organized a meeting of twenty nations in London in order to discuss the future of the world’s finances.  They have invited some creditors among developing countries such as Brazil, Argentina, Mexico, some Arab countries, China, and India, leaving aside all the […]

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The Asian Face of the Global Recession

Delegates to the World Economic Forum at Davos this year came despondent and left in despair.  Both the discussions and the new evidence released at and during the Forum indicated that the global crisis was not just bad, but worse than originally anticipated.  One damaging projection came from the IMF in its January 2009 Update […]

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The Global Collapse: a Non-orthodox View

This is the longer version of an essay by the author released by the British Broadcasting Corporation (BBC) on 6 February 2009. Week after week, we see the global economy contracting at a pace worse than predicted by the gloomiest analysts.  We are now, it is clear, in no ordinary recession but are headed for […]

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Rethinking Religion and the Modern

“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 […]

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Is the Financial Crisis the Achilles Heel of Capitalist Globalization?

  金融危機是全球化資本主義的罩門? 知名經濟學者阿敏專訪 Samir Amin: “It’ a monster, yes, it’s a monster, but it’s a monster which can be defeated also.  This pattern of globalization, this pattern of the exclusive rule of dominant capital, that is, of oligopolies, is not acceptable and is not accepted.  The breakdown is starting by the financial crisis, because financial […]

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Asia and the Meltdown of American Finance

The boardrooms and finance ministries of Seoul, Bangkok, Jakarta, and Kuala Lumpur are today filled with a fair degree of schadenfreude at America’s troubles.  Schadenfreude is not a very nice emotion; Theodor Adorno once defined it as “unanticipated delight in the sufferings of another.”  But asking Asia’s business and governing elites to repress shivers of […]

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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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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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Can Reparations for Apartheid Profits Be Won in US Courts?

A telling remark about US imperialism’s double standards was uttered by Clinton-era deputy treasury secretary Stuart Eizenstat, who a decade ago was the driver of reparations claims against pro-Nazi corporations, assisting plaintiffs to gain $8 billion from European banks and corporations which ripped off Holocaust victims’ funds or which were 1930s beneficiaries of slave labor […]

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Profit without End: Capitalism Is Just Getting Started

Debates concerning the “Socialism of the 21st Century” are experiencing an upswing at the moment.  However, this century will initially be rather one of capitalism than socialism.  Not because there is once more an economic recovery.  Prosperity and crisis alternate constantly in capitalism, but behind this up-and-down process are tendencies towards an extension and further […]

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