Today's Stories

February 6-8, 2009

Alexander Cockburn
Obama's First Bad Week

James Abourezk
Obama, Mitchell and the Palestinians

Patrick Cockburn
Maliki's Triumph

Henry A. Giroux
Educating Obama

Jules Rabin
Israel's Disproportionate Responses

February 5, 2009

Michael Mandel
Self-Defense Against Peace

Saul Landau /
Philip Brenner
Killing the Monroe Doctrine

Ralph Nader
Tax the Speculators!

Robert Bryce
The Unraveling of the Ethanol Scam

Russell Mokhiber
Occupied Territory

Sameh Habeeb /
Janet Zimmerman
Innocents Lost

Dave Lindorff
Small Change

Carmelo Ruiz-Marrero
Beyond Green Capitalism

George Ochenski
A Blow to Big Coal in Montana

Website of the Day
Putting CEO Pay in Context

February 4, 2009

Arno J. Mayer
On Corruption

Paul Craig Roberts
The War on Terror is a Hoax

Patrick Cockburn
The Iraqi Elections

Jonathan Cook
An IDF Jihad?

Fred Gardner
Obama's Mixed Messages on Marijuana

Stan Cox
Slumwrecking Millionaires: India's Fragile New Temples

Margaret Kimberley
The Deepening Economic Crisis

Lawrence Velvel
Agony & Desperation: Madoff's Victims

Dave Lindorff
A Generals' Revolt?

Doug Giebel
A Helping of Bitter Beltway Baloney

Serge Quadruppani
Student Protests Sweep Italy

Website of the Day
The San Francisco 8

February 3, 2009

David Price
Counterinsurgency & Anthropology: Roberto Gonzalez on Human Terrain Systems

Bill Moyers
Obama's Wars: an Interview with Pierre Sprey and Marilyn Young

Kirkpatrick Sale
Obama's Lincoln Thing

Conn Hallinan
When Mind Wounds Don't Count

Peter Morici
The Slippery Slope of Stimulus

George Ciccariello-Maher
From Oakland to Santa Rita: "Fired Up, Can't Take It No More"

Muhammad Idrees Ahmad
The BBC's Nadir

Allan Nairn
What Does It Take to Get a Meal Here, an Earthquake?

Norman Solomon
Why are We Still at War?

David Macaray
The Late, Great UAW

Website of the Day
The Bloody Cove

February 2, 2009

Uri Avnery
Under the Black Flag: Israeli War Crimes

Ralph Nader
What to Do About Wall Street

Gareth Porter
Generals Move to Obstruct Obama's Iraq Withdrawal Orders

Paul Craig Roberts
The Death of American Leadership

Harvey Wasserman
The Nuclear Industry's Latest Money Grab

Rannie Amiri
Gaza and the Crimes of Mubarak

Cal Winslow
Stern's Gang Seizes UHW Union Hall

Steve Early
Checking Out of Stern's Hotel California

Alan Farago
Superbowl as Panopticon

Diane Farsetta
Banning Domestic Propaganda

January 30 / February 1, 2009

Alexander Cockburn
Obama and the Oddsmakers

Michael Hudson
Obama's New Bank Giveaway

Ismael Hossein-Zadeh
"Too Big to Fail:" a Bailout Hoax

Dave Lindorff
The Ugly Truth: the American Economy is Not Coming Back

Saul Landau
Freedom Fighters, Terrorists or Schlemiels?

Andy Worthington
Blame the Chef: How Cooking for the Taliban Can Get You Life in Gitmo

Subcomandante Marcos
Gaza Will Survive

Robert Jensen
Future Farming: an Interview with Wes Jackson

Ron Jacobs
Return of the Democrats

Gareth Porter
Is Gates Undermining Another Opening to Iran?

Allan Nairn
Hope for the Dump Cities?

Laura Carlsen
NAFTA's Dangerous Security Agenda

Rev. William E. Alberts
The Feelings of a Stranger

Christopher Brauchli
From Gitmo to Supermax?

Jules Rabin
Israel and the Bomb

Col. Dan Smith
Thoughts From an Inauguration Refugee

Missy Beattie
The US Garden of Evil

Tom Barry
Obama's Immigration Challenge

J. Michael Cole
The Downfall of an Academic

Manuel Garcia, Jr.
Burning the First Amendment

Dan Bacher
How Dam Removal Can Save the Klamath River

David Rosen
Last Gasp of the Culture Wars?

Don Monkerud
Religion in the American Bedroom

Binoy Kampmark
Updike: Apostle of the Middlebrows

Lorenzo Wolff
Playing Down a Bad Reputation: the Lovin' Spooful's Near Perfect Record

David Yearsley
When Orfeo and Euridice Lived Happily Ever After in Upstate New York

Poets' Basement
Valentine and Rihn

January 29, 2009

Peter Linebaugh
Tom Paine's Birthday

Paul Craig Roberts
Is It Time to Bail Out of America?

Riz Khan
The Future of Gaza: an Interview with Jimmy Carter

M. Reza Pirbhai
Pakistan: a New Cambodia?

Wajahat Ali
Obama's Al-Arabiya Interview

Gregory Vickrey
What About the Environment? Cap and Trade and Selling Out

Dina Jadallah-Taschler
Whither the Two State Solution?

Alison Weir
Killing Palestinians Doesn't Count: Fact-Checking Ceasefire Breaches

Alan Farago
Economy Without Escape Routes

Walter Brasch
Taxing a House of Cards

Website of the Day
Madoff Inc.

January 28, 2009

Norman Finkelstein
Behind the Bloodbath in Gaza

Noam Chomsky
Obama's Emerging Policies on Israel, Iraq and the Economic Crisis

Patrick Cockburn
Is Mitchell's Mission Already Doomed?

Rob Larson
The Clinton Foundation Donors

George Wuerthner
Who Will Speak for the Forests?

Allan Nairn
South-East Asian Groups Threaten Retaliation Over Gaza Invasion

M. Junaid
Levesque-Alam
A Muslim's Memo to Obama

Stefan Simanowitz
The Silent Trade

Charles R. Larson
The Autumn of the Patriot

Website of the Day
Veggie Love: PETA's Banned Superbowl Ad

January 27, 2009

Winslow T. Wheeler
Save the Economy by Cutting the Defense Budget

Yigal Bronner /
Neve Gordon
Fueling the Cycle of Hate

Joshua Frank
Obama's Neocon: the Curious Case of Richard Holbrooke

Jordan Flaherty
Torture at a Louisiana Prison

Ralph Nader
Access to Economic Justice

Rev. José M. Tirado
How Iceland Fell: a Hundred Days of (Muted) Rage

Benjamin Dangl
Bolivia Looking Forward

Russell Mokhiber
What If Israel Were in Your Neighborhood?

Martha Rosenberg
Who Says Technology Transfer Doesn't Pay?

C. G. Estabrook
The Inaugural Address: the Digested Read

Website of the Day
Who Profits From the Occupation?

January 26, 2009

Paul Craig Roberts
Speaking the Truth is a Career-Ending Event

Deepak Tripathi
The BBC's Day of Shame

Vijay Prashad
The India Lobby: Drunk with the Sight of Power

Peter Lee
Geithner's Pop Gun Volley at China

Allan Nairn
The Torture Ban That Doesn't Ban Torture

Uri Avnery
On the Wrong Side of History

John Sayen
The Next Shoe to Drop

Dave Lindorff
Afghanistan is No Threat to America

Lawrence R. Velvel
Investing with Madoff

David Macaray
Obama vs. Labor

Roger Burbach
Winds of Change in Cuba

Norman Solomon
The Ghost of LBJ

Website of the Day
Landscapes of Occupation

January 23 / 25, 2009

Alexander Cockburn
The Ghosts at Obama's Side

P. Sainath
The Freefalling Economy

Patrick Cockburn
In Israel, Detachment From Reality is the Norm

Saul Landau
Reasons for War?

Sasan Fayazmanesh
Our Current Economic Crisis: the Monks' Cure

Alan Farago
The Problem with the Stimulus

Christopher Brauchli
When Due Diligence is a One-Way Street

Andy Worthington
Return to Law?

Ron Jacobs
Obama's Pentagon: Bowing to the Masters of War?

Lawrence Velvel
Investing with Madoff: My Experience (Part Four)

Henry A. Giroux
The Audacity of Educated Hope

David Yearsley
The Music That Wasn't There: Chamber Music for Obama's Masses

Raymond F. Gustavson
Here We Go Again: General Shinseki and Veterans

Dave Lindorff
The Way Forward

Roberto Rodriguez
Fighting for Migrant Justice in the Desert

Dina Jadallah-Taschler
The Struggle of an Un-People

Fidel Castro
Meeting Cristina

J. Michael Cole
Can Obama's Shift on Terror Succeed?

Bob Fitrakis /
Harvey Wasserman
It's Time to Free Leonard Peltier

Ramzy Baroud
Breaking Gaza's Will

Mohammad Ali Shabani
The Aftermath of the War on Gaza

Richard Rhames
Panning for Pyrite on a Cold Day at the Mall

Stephen Martin
Voices in the Mirror

Lorenzo Wolff
Jurassic Radio

Kim Nicolini
Katrina's Endless Loop

Poets' Basement
Fleming, Henson, First, Jaramillo and Glendinning

Website of the Weekend
Cartoon Love

January 22, 2009

Paul Craig Roberts
Another Real Estate Crisis is About to Hit

Kathy Kelly
Worse Than an Earthquake

Allan Nairn
US Intel Nominee Lied About Church Murders

Lawrence Velvel
Investing with Madoff: My Experience (Part Three)

Andy Worthington
Halting the Gitmo Trials

Peter Morici
How to Fix the Banks

Joseph G. Davis
The First MBA Presidency and the Business Academy: a Damage Assessment

Adriana Kojeve
The Democrats on Israel: a Brief Oral History

Benjamin Dangl
Bolivia Poised for Historic Vote

Website of the Day
Support the Gaza Community Mental Health Program

January 21, 2009

Gabriel Kolko
Understanding Gaza

Harry Browne
Obama's Work Ethic

Michael Colby
Ready. Aim. Organize.

Lawrence R. Velvel
Investing with Madoff: My Experience

Audrey Stewart
Starting Over in Gaza

Wajahat Ali
Obama and the Muslims

Binoy Kampmark
The Marketing of Hope

David Kεr Thomson
Abolition

John Ross
In My Own Bones

Allan Nairn
Killer in Chief: Will This President Murder Civilians?

Sheldon Richman
The Peaceful Transfer of Violent Power

Website of the Day
Globistan

January 20, 2009

Chuck Spinney
Hosing Obama Israeli Style

Kathy Kelly
The Strongest Weapon of All

Raymond Deane
The EU, Gaza and the Lisbon Treaty

Ralph Nader
State Terrorism Against Gaza

Audrey Stewart
Why I am in Gaza

Jonathan Cook
Israel's Doctrine of Destruction

Harvey Wasserman
A Ten-Point Solar Agenda for Obama

Christopher Ketcham
Inauguration Ad Nauseam

Robert Jensen
A Citizen's Oath of Office

Dave Lindorff
Commie Chorus on the Mall: This Land Really is Made for You and Me

David Macaray
SAG Watches It All Slip Away

Weekend Edition
February 6-8, 2009

When Things Fall Apart

A Country Awash in Money But Going Broke

By RAYMOND J. LAWRENCE

There is plenty of money in this country. Most of it just happens to be held by a very few people.

Those who know history are aware that an extreme imbalance in the possession of goods and power will at some breaking point result in the unraveling of the social fabric. Such unraveling is seldom a pretty sight. It's best to be 'out of town' when it occurs. The late 18th century French Revolution and the early 20th century Russian Revolution are two stark examples of wide discrepancies of wealth and power that resulted in disintegration of the old order. Sometimes the unraveling can be contained, as in the American Revolution, during which the powerful English king was made the object of contempt, and being far away and untouchable, the revolution proceeded with relatively little excess and instability.

The problem with predicting such break points in history is an intractable one, especially when one lives in the midst of it. However, the current situation in the U.S. is cause for at least a measure of concern. Vast amounts of wealth and power are currently vested in a relatively few people in the U.S. The political process which is allegedly free and open is largely determined by money, and a relatively few people currently have most of the wealth. They are not likely to give it up voluntarily, and it remains to be seen as time goes on how much tolerance will be shown by those who live from paycheck to paycheck, or worse. If the social fabric unravels it will likely do so with great speed, too fast for any rational response. We can imagine a scenario in which all are swept downstream, such as has occurred previously in history.

There is unimaginable wealth in this country. There are more than 400 billionaires and a great many more fabulously rich persons whose wealth amounts to something less than a billion.

It is not easy to wrap one's mind around a billion dollars. A billion is a thousand million. To grasp the difference between a million and a billion dollars, consider the following: If a millionaire spent or gave away a dollar a second, or sixty dollars a minute, continually around the clock, the million dollars would be exhausted in 13 days. On the other hand, if a billionaire were to do the same, the money would last for 32 years. This fact was pointed out in a New Yorker book review by John Lanchester, and it is so counterintuitive that I thought it a factoid. I had to stop reading in order to do my own multiplication before I could accept it, and continue reading. [John Lanchester, “Lords of Finance,”  2-2-09, p.70.]

There seems to be an unwritten sacred code in the U.S. that the possessions of the rich shall not be levied, only their income, and not much of that. Those who are not so rich, those whose wealth consists of little more than the home they live in - the majority of the population - are regularly taxed on their holdings, in the form of property tax. Why should not multi-millionaires and billionaires be similarly taxed on their financial holdings?

I propose that we levy a state or national “property tax” on all financial wealth above, say, three million dollars, and call it an “infrastructure fee” based on financial wealth. Of course it’s just another tax, but infrastructure fee sounds better. And it is eminently appropriate. People who become filthy rich in our economic system should feel as much pain in paying for the cost of running the country as those who live paycheck to paycheck.

Take the case of the State of Virginia, one of forty-four states now facing unprecedented budget shortfalls said likely to worsen as the economy remains weak. According to Governor Timothy M. Kaine, Virginia is facing a $2.9 billion shortfall over the next two years. In response he proposes to cut Medicaid funding, which provides health care for almost a million Virginians, reduce public school funding by 15%, cut school construction, release some number of prisoners early, cut 1500 state jobs, and borrow against the future. 

This sounds like a prescription for remaking America into a third world country.

If the state of Virginia imposed a 15% infrastructure fee on its own Virginia billionaires, the state deficit would be entirely erased for the next two years, with money left over. The billionaires would hardly feel the pinch. And this does not include a possible similar levy on all those who are simply multi-millionaires.

New York State has about 50 billionaires who together hold about $115 billion. A fifteen percent infrastructure fee would close New York Governor Patterson’s $15 billion shortfall, with money left over.

States alone could not impose such a levy. The billionaires would flee across the state line and seek refuge elsewhere. Congress would have to impose the fee on all citizens, wherever they reside, and make the fee a condition of citizenship. Persons fleeing to the Bahamas without paying the fee should lose their citizenship and have their property attached.

If such an infrastructure fee were also imposed on the rest of the numerous very rich but not-quite-billionaires, say those with holdings of a paltry $10 million or more, government coffers would be awash in revenue. We could rebuild our highways and bridges, and perhaps even build a high-speed passenger rail system, one like other first world countries.

Too many people in this country feel like they have played Monopoly and lost. They are struggling to pass Go just to collect $200, without landing on Boardwalk or facing some other ruinous fee. More taxing of the moderately wealthy, and the middle and lower classes will not pull us out of the current crisis. Reducing essential services like health, education and transportation will spell further social upheaval. It is time to rope in the super wealthy and require them to assist in solving the current financial crisis. And they have the most to lose if the social fabric unravels.

None of this, of course, is likely to happen. The balance of power in Congress is in the hands of those possessing the most wealth. If the wealth of the super wealthy were levied, cries of socialism and communism would be long and loud in the media, frightening the public.

The economic playing field is thus not likely to be leveled even slightly anytime soon. More likely it will become even more uneven. History suggests it will take a convulsive event to bring about anything even remotely close to a reasonably equitable distribution of wealth. With the numbers and firepower of personal weapons readily available in this country, we should all sleep a little less easily unless the current political leaders have the wisdom and courage to tackle the ever-widening discrepancy in power and wealth in this country.

Raymond J. Lawrence is an Episcopal cleric, recently retired Director of Pastoral Care, New York Presbyterian Hospital, and author of numerous opinion pieces in newspapers in the U.S., and author of the recently published, Sexual Liberation: The Scandal of Christendom (Praeger). He can be reached at: raymondlawrence@mac.com
   

Now Available from CounterPunch Books!

Waiting for Lightning
to Strike:
The Fundamentals
of Black Politics
Kevin Alexander Gray

Click Here to Buy!

Click Here to Buy!

The Inside Story of the Shannon Five's Smashing Victory Over the
Bush War Machine
By Harry Browne

Born Under a Bad Sky:
Notes from the Dark Side
of the Earth
By Jeffrey St. Clair

Buy End Times Now!

Click Here to Buy!

Click Here to Order!

Humanitarian Imperialism
By Jean Bricmont