Thursday May 28th, 2015, 8:12 pm (EDT)

Review of the Month

Review of the Month

A New New Deal under Obama?

With U.S. capitalism mired in an economic crisis of a severity that increasingly brings to mind the Great Depression of the 1930s, it should come as no surprise that there are widespread calls for “a new New Deal.” Already the new Obama administration has been pointing to a vast economic stimulus program of up to $850 billion over two years aimed at lifting the nation out of the deep economic slump.… | more |

Why Cuba Still Matters

In the early 1990s there was near unanimity in the media, in Western political circles, and even among academics that the collapse of the Cuban revolution was imminent. Even today, many observers regard it as only a matter of time for Cuba to undergo a transition to democracy (understood as a narrowly defined polyarchy) and a “market economy.”… | more |

Financial Implosion and Stagnation

“The first rule of central banking,” economist James K. Galbraith wrote recently, is that “when the ship starts to sink, central bankers must bail like hell.” In response to a financial crisis of a magnitude not seen since the Great Depression, the Federal Reserve and other central banks, backed by their treasury departments, have been “bailing like hell” for more than a year. Beginning in July 2007 when the collapse of two Bear Stearns hedge funds that had speculated heavily in mortgage-backed securities signaled the onset of a major credit crunch, the Federal Reserve Board and the U.S. Treasury Department have pulled out all the stops as finance has imploded. They have flooded the financial sector with hundreds of billions of dollars and have promised to pour in trillions more if necessary—operating on a scale and with an array of tools that is unprecedented.… | more |

Ecology and the Transition from Capitalism to Socialism

The transition from capitalism to socialism is the most difficult problem of socialist theory and practice. To add to this the question of ecology might therefore be seen as unnecessarily complicating an already intractable issue. I shall argue here, however, that the human relation to nature lies at the heart of the transition to socialism. An ecological perspective is pivotal to our understanding of capitalism’s limits, the failures of the early socialist experiments, and the overall struggle for egalitarian and sustainable human development… | more |

The U.S. Imperial Triangle and Military Spending

The United States is unique today among major states in the degree of its reliance on military spending, and its determination to stand astride the world, militarily as well as economically. No other country in the post–Second World War world has been so globally destructive or inflicted so many war fatalities. Since 2001, acknowledged U.S. national defense spending has increased by almost 60 percent in real dollar terms to a level in 2007 of $553 billion. This is higher than at any point since the Second World War (though lower than previous decades as a percentage of GDP). Based on such official figures, the United States is reported by the Stockholm International Peace Research Institute (SIPRI) as accounting for 45 percent of world military expenditures. Yet, so gargantuan and labyrinthine are U.S. military expenditures that the above grossly understates their true magnitude, which, as we shall see below, reached $1 trillion in 2007.… | more |

Jeremiah Wright in the Propaganda System

Beginning in March 2008 and extending through the last Democratic primaries of early June, the United States witnessed the most brazen demonization in its history of a person based on his race, his creed, and his ties to a presidential candidate. One major purpose behind these attacks was to use the demonized figure to discredit the politician. But participation in the attacks also fed the voracious, twenty-four-hour-aday media appetite, and quickly took on a life of its own. When we look back at the ugly spectacle then taking place, the evidence suggests that, despite much optimism about narrowing racial divides and an emerging “post-racial” consciousness, something much closer to the opposite had gripped America.… | more |

The Only Road Is Practice: After the Venezuelan Referendum Defeat

I am certain that, like many people these days, the first thing on your mind is the question of the referendum on reform of the Bolivarian Constitution — what the defeat means and where do we go from here. What I want to talk about today is not on that topic specifically, but it is related.… | more |

The World Food Crisis: Sources and Solutions

An acute food crisis has struck the world in 2008. This is on top of a longer-term crisis of agriculture and food that has already left billions hungry and malnourished. In order to understand the full, dire implications of what is happening today it is necessary to look at the interaction between these short-term and long-term crises. Both crises arise primarily from the for-profit production of food, fiber, and now biofuels, and the rift between food and people that this inevitably generates…… | more |

The Financialization of Capital and the Crisis

With the benefit of hindsight, few now doubt that the housing bubble that induced most of the recent growth of the U.S. economy was bound to burst or that a general financial crisis and a global economic slowdown were to be the unavoidable results. Warning signs were evident for years to all of those not taken in by the new financial alchemy of high-risk debt management, and not blinded, as was much of the corporate world, by huge speculative profits. This can be seen in a series of articles that appeared in this space: “The Household Debt Bubble” (May 2006), “The Explosion of Debt and Speculation” (November 2006), “Monopoly-Finance Capital” (December 2006), and “The Financialization of Capitalism” (April 2007).… | more |

The Iron Heel at 100: Jack London—The Artist as “Antenna of the Race”

Bad times inhibit good writers, but they also inspire them. Just look at the new and recent arrivals in bookstores and libraries. The double-barreled assault on civil liberties and human rights, by the administration of President George Walker Bush, has, if nothing else, spurred an outpouring of books, both fiction and nonfiction, condemning the erosion of American democracy and the perceived drift toward totalitarianism. Jack London—the best-selling twentieth-century American author, who was born in 1876, the year of the American Centenary, and who died in 1916, the year before the United States entered the First World War—would surely not be surprised. In fact, one might well anoint London the founding father of the contemporary body of literature about political repression, including Henry Giroux’s The Emerging Authoritarianism in the United States, Matthew Rothschild’s You Have No Rights, Chris Hedges’s American Fascists, Robert Kennedy Jr.’s Crimes Against Nature, and Philip Roth’s disquieting 2003 novel The Plot Against America. Of course, there are many others that cover much the same terrain.… | more |

Rachel Carson’s Ecological Critique

Rachel Carson was born just over 100 years ago in 1907. Her most famous book Silent Spring, published in 1962, is often seen as marking the birth of the modern environmental movement. Although an immense amount has been written about Carson and her work, the fact that she was objectively a “woman of the left” has often been downplayed. Today the rapidly accelerating planetary ecological crisis, which she more than anyone else alerted us to, calls for an exploration of the full critical nature of her thought and its relation to the larger revolt within science with which she was associated.… | more |

The Injuries of Class

We live in a complex, divided society. We are divided by wealth, income, education, housing, race, gender, ethnicity, religion and sexual orientation. These divisions are much discussed; in the last two years, there have been entire series in our major newspapers devoted to the growing income divide. The wealth-flaunting of today’s rich was even the subject of a recent Sunday New York Times Magazine article (“City Life in the New Gilded Age,” October 14, 2007).… | more |

Political Islam in the Service of Imperialism

All the currents that claim adherence to political Islam proclaim the “specificity of Islam.” According to them, Islam knows nothing of the separation between politics and religion, something supposedly distinctive of Christianity. It would accomplish nothing to remind them, as I have done, that their remarks reproduce, almost word for word, what European reactionaries at the beginning of the nineteenth century (such as Bonald and de Maistre) said to condemn the rupture that the Enlightenment and the French Revolution had produced in the history of the Christian West… | more |

More Unequal: Aspects of Class in the United States

The glaring increase in economic inequality evident in the United States over the past thirty years has finally made it into the pages of the major media. In the past three years, the Los Angeles Times, the Wall Street Journal, and the New York Times have each published a series of articles on the subject of class. The growing economic divide has also caught the attention of a few prominent economists, like Joseph Stiglitz and Paul Krugman. Even Treasury secretary Henry Paulson has admitted that inequality is on the rise… | more |

The Dismantling of Yugoslavia (Part I)

A Study in Inhumanitarian Intervention (and a Western Liberal-Left Intellectual and Moral Collapse)

The breakup of Yugoslavia provided the fodder for what may have been the most misrepresented series of major events over the past twenty years. The journalistic and historical narratives that were imposed upon these wars have systematically distorted their nature, and were deeply prejudicial, downplaying the external factors that drove Yugoslavia’s breakup while selectively exaggerating and misrepresenting the internal factors. Perhaps no civil wars—and Yugoslavia suffered multiple civil wars across several theaters, at least two of which remain unresolved—have ever been harvested as cynically by foreign powers to establish legal precedents and new categories of international duties and norms. Nor have any other civil wars been turned into such a proving ground for the related notions of “humanitarian intervention” and the “right [or responsibility] to protect.” Yugoslavia’s conflicts were not so much mediated by foreign powers as they were inflamed and exploited by them to advance policy goals. The result was a tsunami of lies and misrepresentations in whose wake the world is still reeling.… | more |

The Dismantling of Yugoslavia (Part II)

Jump to Part: I, III, IV | Glossary | Timeline 3. The UN in NATO’s Service A striking feature of U.S. policy since the collapse of the Soviet deterrent is the frequency with which it relies on the Security Council and the Secretariat for its execution—before the fact when it can (Iraq 1990–91), but after […]… | more |

The Dismantling of Yugoslavia (Part III)

Jump to Part: I, II, IV | Glossary | Timeline 7. The Milosevic Trial The four-year trial of Slobodan Milosevic was the culmination of ICTY service to the NATO program in the Balkans. It was designed to show the world by an elaborate procedure leading ultimately to the conviction of the top Serb leader—the first […]… | more |

The Dismantling of Yugoslavia (Part IV)

Jump to Part: I, II, III | Glossary | Timeline 10. The Role of the Media and Intellectuals in the Dismantlement Media coverage of the Yugoslav wars ranks among the classic cases in which early demonization as well as an underlying strong political interest led quickly to closure, with a developing narrative of good and […]… | more |

The Dismantling of Yugoslavia

Glossary & Timeline

Glossary and Timeline for “The Dismantling of Yugoslavia”.… | more |

1: ‘Enemy Combatant’ or Enemy of the Government?

By introducing the concept of war into national law, the latest U.S. anti- terrorist law, the Military Commissions Act of 2006 (MCA), produces a turning point in the legal and political organization of the Western world. It puts an end to a form of state that succeeded in “establishing peace internally and excluding hostility as a concept of law.”1 It is the constituent act of a new form of state that establishes war as a political relation between constituted authorities and national populations.… | more |

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