(1 comments) Friday, October 21, 2011 What Quantitative Easing Really Means
Stripped from the fancy (and mystifying) jargon, quantitative easing (QE) simply means increasing the quantity of money supply, or easing credit conditions--in the hope of stimulating the stagnant economy. This is usually done by having central banks inject a pre-determined quantity of money into the coffers of commercial banks in return for the purchase of their financial assets, which consist largely of government bonds.
(21 comments) Friday, October 14, 2011 An Insidious Threat to the Occupy Movement
In light of their unsavory record of undermining the revolutionary energy of social movements, projections of sympathy for the anti-Wall Street protesters by the White House, the Democratic Party officials and union leaders can be viewed only with suspicion.
(4 comments) Sunday, July 31, 2011 Debt Ceiling: Lots of Posturing, No Solution
It is self-evident that no sickness can be successfully cured without proper diagnosis of the illness. In their frantic efforts to remedy the plague of national debt and deficit, however, US policy makers tend to shy away from the root causes of the problem and focus, instead, on scapegoats.
(5 comments) Saturday, July 23, 2011 Why All the Wrangling over the Debt Ceiling? A Lesson for Obama Fans
The disagreement between Barack Obama and John Boehner is essentially similar to the disagreement between two military generals or commanders who fight a common enemy--in this case the American public--but disagree over the tactics of how to defeat that enemy.
(1 comments) Monday, June 20, 2011 Why Regime Change in Libya?
There is no question that global capitalism has thus woven together the fates and fortunes of the overwhelming majority of the world population in an increasingly intensifying struggle for subsistence and survival
(2 comments) Friday, April 1, 2011 Stoking the Fires of Islamophobia -- Peter King's Inquisition
In light of this evidence, it is not surprising that a number of critics have characterized Mr. King's hearings on the "Radicalization of Muslims" as witch hunting or McCarthyism, comparing them with earlier prejudices and persecutions of other ethnic and religious minorities such as Catholics, Jews, African Americans, Asian Americans, and others.
(3 comments) Thursday, March 3, 2011 Intifada beyond Palestine
The long pent-up grievances of the Arab/Muslim world are exploding not just in the faces of local dictators such as Mubarak of Egypt or Ben Ali of Tunisia but, perhaps more importantly, against their neocolonial/imperial patrons abroad. The uprising represents a growing culture of resistance to neocolonialism that started with the great Iranian revolution of 1979.
(1 comments) Monday, December 20, 2010 The Globalization of Militarism
The United States has been overtaken by a military-industrial-financial cabal whose representatives are firmly ensconced in both the White House and the US Congress. The ultimate goal of the cabal, according to their own military guidelines, is "full spectrum dominance" of the world; and they are willing to wage as many wars, to destroy as many countries and to kill as many people as necessary to achieve that goal.
(8 comments) Wednesday, November 17, 2010 The Militarization of the World: The Case of Iran
By dividing the world into "allies" and "enemies," the powerful war profiteering interests in the Unites States, the military-industrial-security colossus, compel both "allies" and "enemies" to militarize.
(4 comments) Friday, October 1, 2010 Why the US Doesn't Talk to Iran
US foreign policy decisions, especially in the Middle East, seem to be driven not so much by broad national interests as they are by narrow (but powerful) special interests, represented largely by the military-security-AIPAC forces, which tend to perceive international peace and stability as detrimental to their nefarious interests.
Monday, September 27, 2010 Putting the Brakes on the Neoliberal Race to the Bottom
The Neoliberal strategy of dismantling the welfare state and driving the labour pay down to slave wages is not limited to the United States. Indeed, the competitive capitalist pressure of profitability and survival has driven almost all countries of the world to participate in this retrogressive race to the bottom.
(2 comments) Thursday, June 17, 2010 Iran's Presidential Election One Year Later -" Why the Greens Failed
One year after his controversial reelection as the president of Iran, Mahmoud Ahmadinejad seems to be standing on firmer political ground than any other time of his presidency. By contrast, the political fortunes of his main challengers, Mousavi and Rafsanjani, have significantly declined during the past year. How do we explain the disintegration of the "green revolution"?
(5 comments) Monday, June 7, 2010 The Vicious Circle of Debt and Depression: It Is a Class War
After transferring trillions of dollars of bad debt or toxic assets from the books of financial speculators to those of governments, global financial moguls, their representatives in the State apparatus and corporate media are now blaming social spending (in effect, the people) as responsible for debt and deficit!
(3 comments) Friday, February 19, 2010 New Phase, Not Just Another Recession
It is becoming increasingly clear that the financial meltdown of 2008 and the subsequent economic contraction that continues to this day represent more than just another recessionary cycle. More importantly, they represent a structural change, a new phase, the phase of the dominance of "finance capital," as the late Austro-German political economist Rudolf Hilferding put it.
(2 comments) Sunday, August 23, 2009 Reflecting on Iran's Presidential Election
I can think of only two interpretations of Mr. Mousavi's assertion of “stolen elections.” The charitable interpretation is that he was led by his campaign architects to honestly believe he could not lose. The more likely interpretation, however, is that he colluded with the powerful interests behind his campaign not to accept defeat.
(2 comments) Saturday, June 13, 2009 Obama's Doublespeak on Iran
On the US-Iran relationship, President Obama seems to be talking from both sides of his mouth. From one side we hear promising messages of dialogue and a "new beginning" with Iran; from the other side provocative words that seems to be coming right out of the mouth of his predecessor, George W. Bush.
(15 comments) Monday, February 2, 2009 "Too Big to Fail": A Bailout Hoax
Government policy makers, Wall Street financial gamblers, and the mainstream media are misrepresenting the ongoing financial difficulties as a problem of illiquidity or lack of cash. In reality, however, it is a problem of insolvency or lack of trust and, therefore, of hoarding cash. The current credit crunch is a symptom, not a cause, of the paralyzed, unreliable financial markets.