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How Goldman Sachs Bought the Clintons

Jeffrey St. Clair chronicles the the 30-year long bond between the Clintons and Goldman Sachs; Military Contractor Philanthropy by Joan Roelofs; Tangled up in Trump by Chris Floyd; The Stigmatization of Black Youth by Lawrence Ware; ISIS, Iraq & Islamic Nationalism  by Jennifer Loewenstein; HSBC & The Whistleblowers by Peter Lee; When Black Vote Their Fears by Yvette Carnell; Reconstructing the Middle East by Patrick Lawrence; The Fed’s Prime Objective by Mike Whitney; EL Salvador to Amazonia by Garry Leech; Transatlantic Trade Plundership by Daniel Raventos and Julie Wark; The Films of Jacques Rivette by Ed Leer.

A Blow for Peace and Democracy: Why the British Said No to Europe

The majority vote by Britons to leave the European Union was an act of raw democracy. Millions of ordinary people refused to be bullied, intimidated and dismissed with open contempt by their presumed betters in the major parties, the leaders of the business and banking oligarchy and the media.

This was, in great part, a vote by those angered and demoralised by the sheer arrogance of the apologists for the “Remain” campaign and the dismemberment of a socially just civil life in Britain. The last bastion of the historic reforms of 1945, the National Health Service, has been so subverted by Tory and Labour-supported privateers it is fighting for its life. More

Goodbye to All That: Why the UK Left the EU

So what started as a gamble by David Cameron on an outlet for domestic British discontent, to be used as a lever to bargain with Brussels for a few more favors, has metastasized into an astonishing political earthquake about the dis-integration of the European Union. The irrepressibly mediocre Donald Tusk, president of the European Council, posing as a “historian”, had warned that Brexit, “could be the beginning of the destruction of not only the EU but Western political civilization in its entirety”.

That’s foolish. Brexit proved that it’s immigration, stupid. And once again, it’s the economy, stupid (although the British neoliberal establishment never paid attention). But serious bets can be made the EU system in Brussels won’t learn anything from the shock therapy – and won’t reform itself. There will be rationalizations that after all the UK was always classically whiny, obtrusive and demanding special privileges when dealing with the EU. As for “Western political civilization”, what will end – and this is a big thing — is the special transatlantic relationship between the US and the EU with Britain as an American Trojan Horse. More

Revolts of the Debtors: From Socrates to Ibn Khaldun

In Book I of Plato’s Republic (380 BC), Socrates discusses the morality of repaying debts. Cephalus, a businessman living in the commercial Piraeus district, states the typical ethic that it is fair and just to pay back what one has borrowed or received. Socrates replies that it would not be just to return weapons to a man who has turned into a lunatic. Because of the consequences, paying back the debt would be the wrong thing to do.

At issue is not the micro-economic morality of paying a debt, but how this act affects society. If a madman is intent on murder, returning his weapon to him will enable him to commit unjust acts. The morality of paying back all debts is not necessarily justice. We need to take the overall consequences into account. More

This Week on CounterPunch Radio
Jason Moore

  • HOST: Eric Draitsercpradio-podcast
  • GUEST: Jason Moore
  • TOPICS: Capitalism in the Web of Life

OGADEN: Ethiopia’s Hidden Shame

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