Exclusively in the new print issue of CounterPunch
MARX: A HERO FOR OUR TIME? — Suddenly, everyone from the Wall Street Journal to Rolling Stone seems to be talking about Karl Marx. Louis Proyect delves into this mysterious resurgence, giving a vivid assessment of Marx’s relevance in the era of globalized capitalism. THE MEANING OF MANDELA: Longtime civil rights organizer Kevin Alexander Gray gives in intimate portrait of Nelson Mandela and the global struggle of racial justice. FALLOUT OVER FUKUSHIMA: Peter Lee investigates the scandalous exposure of sailors on board the USS Reagan to radioactive fallout from Fukushima. SOUTHERN DISCOMFORT: Kim Nicolini charts the rise of Matthew McConaughey. PLUS: Mike Whitney on the coming crash of the housing market. JoAnn Wypijewski on slavery, torture and revolt. Chris Floyd on the stupidity of US policy in Ukraine. Kristin Kolb on musicians and health care. And Jeffrey St. Clair on life and death on the mean streets of an America in decline
Archives from September 2008
Oh, Henry!
NIRANJAN RAMAKRISHAN
When the Economic Stimulus of 2008 was being discussed early this year, I suggested that they save themselves the trouble of mailing out individual checks to the American taxpayer, and mail the whole lump-sum directly to China. After all, that was where it would fetc...
The U.S. War on Unarmed Working Mothers
BILL QUIGLEY
Is this what our nation has come to?  War against unarmed working mothers? Have we no shame?   Dozens of petite young mothers gathered this week in the parking lot outside the U.S. Department of Homeland Security in Mississippi.   ...
Violations of Sovereignty
BRIAN CLOUGHLEY
Henry Kissinger was no amateur when it came to illegally bombing and invading countries that he and the evil President Nixon considered did not meet American requirements of unconditional servility, but even he must be intrigued about the latest antics of Washington&...
Why the Bailout Will Fail
MADIS SENNER
Treasury Secretary Paulson’s grand scheme to buy $700 billion of toxic derivatives from ailing financial institutions is a pipe dream that logic and history show will not work. The Paulson plan is nothing but manna from heaven for distressed institutions. No do...
Visions of Pinpoint Control
MANUEL GARCIA, Jr.
The US Senate "has embraced last year’s Defense Science Board conclusion that directed-energy weapons — such as high-, medium- and low-power lasers — hold great potential and should be developed as soon as possible. In the fiscal 2009 defense a...
Bailing Out Wall Street Won’t Save Main Street
MOSHE ADLER
Wall Street must be saved for the sake of Main Street, Secretary Paulson and Chairman Bernanke tell us. First, everyone has toxic financial instruments in their 401k’s; and second, these instruments are clogging the credit system. But in fact neither claim is t...
The Economy of Dead Sperm
CHRISTOPHER KETCHAM
My grandfather knew about bankers. With his father, my great-grandfather, he built a machine-shop business in Cleveland, Ohio, based on the idea that you offered a product in the free market – machined ball-bearings and such – and if there was a demand, y...
A Better Bailout Plan
DAVID ESTABROOK
Taxpayers receive preferred stock and collateral from a bank borrowing from the taxpayers, both in the full amount of the loan sought by the bank. In other words, stock plus collateral in double the amount of the loan. Taxpayers profit from a bailout before anyone el...
Is Another Third World Debt Crisis in the Offing?
ERIC TOUSSAINT
While taking a significant toll on public revenues , repayment of public debt has, since 2004, ceased to be a major concern for most middle-revenue countries and for raw material exporting countries in general. In fact th...
The High Price of Purple Dissent
STEVE EARLY
The tireless members of United Healthcare Workers (UHW) will be on the march again this weekend, in what’s likely to be one the largest anti-trusteeship protests in U.S. labor history. Thousands of rank-and-filers will tell Service Employees International Union...
Democrats and Corporate Bailouts
SHARON SMITH
On the fateful evening of September 18th, when Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke pulled together a closed-door meeting on Capitol Hill to discuss the rapidly deteriorating state of the U.S. financial system, congressional lead...
Who Will Show Some Backbone Against the Bailout?
RALPH NADER
Congress needs to show some backbone before the federal government pours more money on the financial bonfire started by the arsonists on Wall Street. 1. Congress should hold a series of hearings and invite broad public comment on any proposed bailout. Congress...
Blue Helmets in Haiti
JUDITH SCHERR
Antonine Bienaimé was doing what she does every day, selling single candies, cigarettes, cookies and crackers from trays she sets up in front of her home that doubles as a shop. The mother of eight was working into the evening of August 7, trying to earn enoug...
The Voyage of the SS Peter the Great
NIKOLAS KOZLOFF
On Monday, a squadron from the Russian Navy’s North Sea Fleet sailed for Venezuela in an effort to bolster military links with Latin America.  In November, the convoy will take part in joint maneuvers with the Venezuelan Navy.  The Russian fleet inclu...
South Ossetia and Abkhazia
LARAY POLK
“Moscow waited for almost 24 hours, during which Georgian artillery and planes were sending the capital of South Ossetia to ruins. Almost 1600 people were killed in the shelling. Now it is being presented by the mainstream media exclusively as Russi...
The Insanity of the $700 Billion Giveaway
MICHAEL HUDSON
The banksters’ plan now is for icing on the cake – to take Mr. Paulson’s $700 billion and run. It’s not a “bailout of the financial system.” It’s as giveaway – to insiders, to sell out all their bad bets. Companies acro...
Getting Wall Street Pay Reform Right
ROBERT WEISSMAN
There’s mounting talk on Capitol Hill that a Wall Street bailout will include some limits on executive compensation, as well as contradictory reports about whether a deal on controlling executive pay has already been reached. Four days ago, such a move s...
Poisoned Legacy
DENNIS LOO
On January 20, 2009 a new president will take over the White House. It will either be John McCain – the “Maverick Man” who will no longer be in the US Senate, that famous non-“Washington insider” institution – one heart beat away f...
Wealth Tax Now!
JOHN HALLE
Most of the debate on the Wall Street bailout revolves around the strings attached to the torrent of cash which is, according to economists, necessary to stabilize credit markets. True to Bush administration form, the Paulson plan outrageously insists on a vir...
The Bitter Fruits of Deregulation
PAUL CRAIG ROBERTS
Remember the good old days when the economic threat was mere recession? The Federal Reserve would encourage the economy with low interest rates until the economy overheated. Prices would rise, and unions would strike for higher benefits. Then the Fed would put on the...
Stealth Marketers Gone Wild
DIANE FARSETTA
One of my favorite critiques of our ad-saturated modern world is in "Infinite Jest,"...
Palin at the UN
NIKOLAS KOZLOFF
Since John McCain picked her as his running mate, Alaska Governor Sarah Palin has been widely criticized by the media for her lack of foreign policy experience. A politician from a remote U.S. state, Palin has shown little interest in travel—she obtained her fi...
Palestinians Under the Occupation
KHALIL NAKHLEH
Our current Palestinian situation can be characterized candidly, as one observer described it over 20 some years ago, as a “fragmented national mood”; where more than 80% perceive themselves to suffer from depression and worry; where  the percentages...
The Financial Crisis
ROBERT WEISSMAN
Here’s the situation: Thanks to its own inability to control itself, Wall Street is now facing a crisis unmatched since the Great Depression. Unfortunately, a collapse of the financial sector would not only hurt rich investors, it would devastate the global eco...
The $700,000,000,000 Power Punch
KARYN STRICKLER
“Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.” – Language from Section 8 Treasury...