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America’s Economic CrisisThe Bush legacy: a nation buried under mortgage and credit card debt and a blown-out economy, with looming mass unemployment AND hyper-inflation. What Obama and the new team face and what they must do. PLUS a Sixties “Terrorist” Looks Back at the Capitol Bombing. PLUS “The Dystopia’s in the Oven, Darling”: Alexander Cockburn on America’s Food. Only in CounterPunch newsletter! Get your copy today by subscribing online or calling 1-800-840-3683 Contributions to CounterPunch are tax-deductible. Click here to make a donation. If you find our site useful please: Subscribe Now! CounterPunch books and gear make great presents.
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Today's Stories December 2, 2008 Jeremy Scahill December 1, 2008 Patrick Cockburn Damien Millet / Vijay Prashad Deepak Tripathi Joshua Frank P. Sainath Alan Farago Binoy Kampmark Chris Genovali David Michael Green Stephen Martin Website of the Day November 28-30, 2008 Alexander Cockburn Mike Whitney Ted Honderich Tom Kerr Mike Ely David Yearsley Deepak Tripathi Sonja Karkar Ramzy Baroud Robert Weitzel Robert Roth Carlos Fierro David Macaray David Rosen James Cockcroft Stan Cox Steve Conn Stephen Martin Richard Rhames Kim Nicolini Lorenzo Wolff Poets' Basement November 27, 2008 Tariq Ali Steve Hendricks Ralph Nader John Walsh Dave Lindorff Christopher Brauchli Matthew Koehler Website of the Day
November 26, 2008 Michael Hudson Alan Farago Stanley Heller Kevin Zeese Steve Conn Ray McGovern Ron Jacobs Eric Walberg Martha Rosenberg Matt Siegfried Website of the Day
November 25, 2008 James Abourezk Ralph Nader Patrick Irelan John Ross Fred Gardner Dan LaBotz Tom Barry Norman Solomon Richard Morse Chris Strohm Website of the Day November 24, 2008 Mike Whitney Pam Martens Laray Polk David Ker Thomson Uri Avnery Joe Mowrey Ramzi Kysia Kevin Zeese Dave Lindorff David Macaray Howard Lisnoff Website of the Day November 21 / 23, 2008 Alexander Cockburn Michael Hudson Mike Whitney Barbara Rose Johnston / Serge Halimi Alan Farago Ralph Nader Saul Landau Robert Bryce Shannon May Binoy Kampmark Jack Ely Ramzy Baroud Missy Beattie Larry Portis James McEnteer Christopher Brauchli David Yearsley Adam Engel Ron Jacobs Lorenzo Wolff Poets' Basement Website of the Weekend November 20, 2008 P. Sainath Brian McKenna Paul Craig Roberts Andy Worthington Peter Lee Dr. Eyad al-Serraj Sen. Russ Feingold Lance Selfa Ray McGovern Benjamin G. Davis Tracy McLellan Website of the Day November 19, 2008 M. Shahid Alam Mario A. Murillo Martine Boulard Robin D. G. Kelley Behrooz Ghamari-Tabrizi Jonathan Cook Steve Conn George Wuerthner Michael Winship Stephen Martin Website of the Day November 18, 2008 Chellis Glendinning George C. Wilson Franklin Lamb Bill and Kathleen Christison Roger Burbach John Ross Wajahat Ali Damien Millet / Marc Gardner Eric Walberg Wendy Williams Website of the Day November 17, 2008 Michael Hudson Paul Craig Roberts Mike Whitney Steve Conn Andy Worthington Jonathan Cook Rannie Amiri David Macaray David Michael Green Charles Modiano Website of the Day November 14 / 16, 2008 Alexander Cockburn Jeffrey St. Clair Mike Whitney Sasan Fayazmanesh Moshe Adler Anthony DiMaggio Jean Bricmont Sheldon Rampton Douglas Valentine Joseph Nevins / Tom Barry Ron Jacobs Larry Portis Mary Lynn Cramer Obama's Brain Trust: Seems Like Old Times Sherry Wolf Peter Cervantes-Gautschi Jacob Hornberger Lance Selfa Benjamin Dangl Seth Sandronsky Russell Mokhiber Allan Stellar Kelly Overton Martha Rosenberg Richard Rhames David Yearsley Lorenzo Wolff Poets' Basement Website of the Weekend
November 13, 2008 Pam Martens Vijay Prashad Patrick Cockburn Jonathan Cook Ralph Nader Bill Quigley Lee Sustar Omar Barghouti Steve Conn Howard Lisnoff Jeff Cohen Website of the Day November 12, 2008 Johanna Berrigan Steve Conn Patrick Bond Bokar Ture / Alan Farago Dave Lindorff Karl Grossman David Macaray George Wuerthner Susie Day Website of the Day
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December 2, 2008 The Cost of Hegemony is Beyond ReachThe New Arms RaceBy PAUL CRAIG ROBERTS Undeterred by massive budget deficits from wars, a falling economy, and financial bailouts, the US government has managed to start a new cold war with Russia. Last Friday, the Russian military announced that it was developing a new generation of ballistic missiles in response to the US government’s decision to deploy ballistic missile defenses in Poland and the Czech Republic. The “peace dividend” that the Reagan-Gorbachev accord provided has been squandered by an arrogant American government seeking world hegemony. In 2002 the Bush regime unilaterally withdrew from the Anti-Ballistic Missile Treaty that the US government signed with the Soviet Union in 1972. This treaty stabilized the “assured mutual destruction” that prevented the two military superpowers from initiating war, thus averting a nuclear holocaust for 30 years. When the Soviet government released its Eastern European “captive nations,” the US government promised not to recruit the Baltic and Eastern European countries for NATO membership. The US government pledged that NATO would not be brought to Russia’s borders. There would be a neutral zone between the Western military alliance and Russia. The American government broke this promise as quickly as it could, bringing former constituent parts of the Russian empire into the American empire. Last October Admiral Michael Mullen, Chairman of the US Joint Chiefs of Staff, went to Lithuania to give a guarantee to the Baltics of US military intervention in the event of a Russian attack. Like the British guarantee that Chamberlain gave Poland in 1939, a guarantee that precipitated World War II, Mullen’s guarantee is worthless unless the US government initiates nuclear war with Russia in defense of the tiny Baltic republics, which would be wiped out by the radiation fallout. The US has tried to incorporate the Ukraine and Georgia, constituent parts of Russia for centuries, into NATO. To clear the way for NATO membership, the Bush regime encouraged the American puppet ruler of Georgia to cleanse provinces, attached to Georgia by Stalin, of Russians in order to end secessionist movements. When Russian troops drove the American and Israeli trained and equipped Georgian army out of the Russian parts of Georgia, the US government lied that Russia had invaded Georgia. This malevolent lie was too much for the Russians and too much of the rest of the world. It was plain to all that the US, an aggressor state striving to encircle Russia with bases even to the edge of central Asia, had initiated a war that it then blamed on Russia. After Afghanistan, Iraq, Bush’s defense of Israel’s 2006 war criminal attack on Lebanon, and Bush’s false claims of an Iranian nuclear weapon, few, if any, countries any longer believe pronouncements of the US government. The US is regarded worldwide as an aggressor state that lies through its teeth. This means that unless China decides to play the US and Russia off in order to emerge as the sole world power, there is no one to finance America’s side of the new cold war that the US government has created. The only other way Washington can finance a new arms race with Russia is to cancel Social Security and Medicare, and to repudiate its massive foreign debts. If Washington does this, the likely result would be revolution at home and isolation internationally. For decades Washington has prevailed because the US dollar is the reserve currency. It is the world’s money. This advantage allows Washington to purchase almost every other government. There are governments all over the world, from Europe to Egypt, from Ukraine to South Korea to Japan, that are owned by Washington. When Washington speaks of spreading freedom and democracy, Washington means it has purchased more governments to do its will. These purchased governments do not represent their people. They represent American hegemony. Now that the Great Hegemon is bankrupt and its economy is collapsing, thanks to unbridled greed, American influence is waning. The US dollar cannot survive the massive red ink that the US generates. When the dollar collapses, the image of a strutting Washington as “the world’s only superpower” will evaporate. The evil that is the American government will find itself at war with its own people and those of the rest of the world. Paul Craig Roberts was Assistant Secretary of the Treasury in the Reagan administration. He is coauthor of The Tyranny of Good Intentions.He can be reached at: PaulCraigRoberts@yahoo.com |
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