“While the crisis appears to be Europe’s problem, if it results in a break-up of the euro zone or a growth-dampening series of costly bailouts, it will reverberate from Beijing to Boston and back.” – (Rana Foroohar in Times Magazine) “More broadly, we are witnessing a worldwide crisis of capitalism, and the type of [...]
IMF’s dire warning The International Monetary Fund has a creditable record of spotting, and tracking, world economic recovery more accurately than most other global institutions. As such its prognosis has always been keenly watched. Hence its warning, first issued while launching the latest edition of the World Economic Outlook on Tuesday and repeated on [...]
What is happening in Europe, and particularly in Germany, is beyond belief – a plan to prop up the hopelessly bankrupt financial states through deregulation of the financial sector. If legislation allow all this to happen you could have revolution in Germany and other countries. It is a frightful situation. The question plays out [...]
ABSTRACT Social unrest may reflect a variety of factors such as poverty, unemployment, and social injustice. Despite the many possible contributing factors, the timing of violent protests in North Africa and the Middle East in 2011 as well as earlier riots in 2008 coincides with large peaks in global food prices. We identify a [...]
Washington Post Politics Writer Calls for War With Iran to Boost the Economy By Mark Thoma|Oct 31, 2010, 11:27 PM|Author’s Website I don’t know if I can muster the shrillness this deserves, so let me turn it over to Dean Baker and Brad DeLong. Brad DeLong first: There Should Be Resignations in Protest and on [...]
US Bombing Strategy, the Destruction of Japanese Cities and the American Way of War from World War II to Iraq [*] preeminence of strategic bombing as quintessential to the US way of war,one that would characterize subsequent major wars that have wreaked yetgreater devastation on noncombatant populations. Yet for all the powerunleashed by US bombers, [...]
Full text of Nagasaki Peace Declaration 2010 The following is the full text of the Peace Declaration presented on August 9 by Nagasaki Mayor Tomihisa Taue at a ceremony to mark the 65th anniversary of the August 9, 1945 atomic bombing of the city. This year’s peace ceremony has commenced with a song by hibakusha, [...]
“We have to go back to Marx’s premise and goal – the concept of human development.It is no accident that the Communist Manifesto, written in 1848 with Frederick Engels, talked about how the free development of each depends upon the free development of all. By free development, they meant the development of human potential and capacities. [...]
Lalgarh – the name resonates in the hearts and minds of struggling people all over India: adivasis and dalits, farmers and fisherfolk, workers and students. In West Bengal it has taken its place along with Singur and Nandigram in songs and slogans of resolve and resistance. Wherever people are fighting for their livelihoods and their [...]
“If we want to construct a new international it requires a new left culture. Because if the same parties with all the faults that they have from the past are going to join in this international, without overcoming their deviations, it could transform itself into a fifth bureaucratic International” by Marta Harnecker Marta Harnecker remains [...]