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!
Friday, October 14, 2011(21 comments)
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.
Monday, September 8, 2008(2 comments)
Are They Really Oil Wars?
This essay argues a case that behind the drive to war and military adventures in the Middle East lie some powerful special interests (vested in war, militarism, and geopolitical concerns of Israel) that use oil as an issue of "national interest"-as a façade or pretext-in order to justify military adventures to derive high dividends, both economic and geopolitical, from war.
President George W. Bush and the neoconservative handlers of his administration have added a new bogeyman to their long and evolving list of enemies: "Islamic fascism," also called "Islamofascism." This wonton flinging of the word "fascism" in reference to radical movements and leaders of the Muslim world, however, is not only inaccurate and oxymoronic, but it is, indeed, also ironic.
Wednesday, November 17, 2010(8 comments)
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.
Monday, February 2, 2009(15 comments)
"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.
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
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.
Reflecting on Iran's Presidential Election
I can think of only two interpretations of Mr. Mousavi's assertion of âstolen elections.â 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.
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.
Thursday, March 3, 2011(3 comments)
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.
Sunday, July 31, 2011(4 comments)
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.
Monday, December 20, 2010(1 comments)
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.
Friday, October 1, 2010(4 comments)
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.
How recent U.S. wars of choice, driven largely by war profiteering, are plundering not only defenseless peoples and their resources abroad, but also the overwhelming majority of U.S. citizens and their resources at home.
Monday, August 28, 2006(3 comments)
Behind the Plan to Bomb Iran
The driving force behind the neoconservatives' war juggernaut must be sought not in the alleged defense of democracy or of national interests but in the nefarious special interests that are carefully camouflaged behind the front of national interests.
Thursday, June 17, 2010(2 comments)
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"?
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.
Friday, April 1, 2011(2 comments)
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.
Friday, December 19, 2008(3 comments)
Whose Mandate Will Shape Obama's "Change"?
People pressure is needed to counterbalance the pressure from the Wall Street lobbies that are busy dictating Obama's choice of economic advisors, as well as his economic agenda. Only when pressure from below threatens the established order, will radical reforms in a progressive direction stand a chance.
Friday, October 21, 2011(1 comments)
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.
Wednesday, July 30, 2008
Is There an Oil Shortage?
The popular perception of the recently skyrocketing oil price is that there is an oil shortage in global energy markets. Claims of an oil shortage are not supported by facts. Evidence shows that there is no discrepancy between production and consumption of oil on a global level. War and geopolitical instability in oil markets explain the skyrocketing oil prices.
Wednesday, October 29, 2008(2 comments)
Misrepresenting the Financial Crisis: It Is Not Lack of Liquidity; It Is Insolvency and Lack of Trust
The bailout scheme imposed by the United States government misrepresents the ongoing credit crunch as a problem of illiquidity, i.e. lack of cash. In reality, the problem is a lack of trust due to widespread insolvency in the financial market. In such an environment of widespread insolvency and lack of trust, owners of cash rush to safety: buying treasury bills, investing abroad, or hoarding their cash.
Monday, January 15, 2007(4 comments)
Why the US is Not Leaving Iraq
Powerful beneficiaries of war dividends, who are often indistinguishable from the policy makers who pushed for the invasion of Iraq, have been pocketing hundreds of billions of dollars by virtue of war. More than anything else, it is the pursuit and the safeguarding of those plentiful spoils of war that are keeping US troops in Iraq.
Sunday, December 23, 2007(9 comments)
Distorting Fascism to Demonize Iran
Neoconservative champions of war and militarism often use terms and adjectives such as fascist or Hitler to characterize opponents of US-Israeli policies in the Middle East in order to justify their agenda of 'regime change' in the region.
Friday, September 14, 2007
Hurricane Katrina and War-what Is the Connection?
On the face of it, there is no connection between Katrina's tragic devastation of New Orleans and the recent U.S. wars of choice. It can be shown, however, that the death and destruction wrought by Katrina have been a submerged or invisible part of the enormous costs of the escalating war and military spending. The huge costs of Katrina, in terms of both blood and treasure, can be called opportunity costs of war.
Friday, June 13, 2008(1 comments)
Worried about Price of Gas? End U.S. Wars
Not only are the raging wars in the Middle East responsible for energy price inflation, they are also responsible for price inflation of many other commodities, especially grains and other foodstuff, whose production and transportation depend on fuel.