Exclusively in the new print issue of CounterPunch
FATTENING WALL STREET — Mike Whitney reports on the rapid metamorphosis of new Fed Chair Janet Yallin into a lackey for the bankers, bond traders and brokers. The New Religious Wars Over the Environment: Joyce Nelson charts the looming confrontation between the Catholic Church and fundamentalists over climate change, extinction and GMOs; A People’s History of Mexican Constitutions: Andrew Smolski on the 200 year-long struggle of Mexico’s peasants, indigenous people and workers to secure legal rights and liberties; Spying on Black Writers: Ron Jacobs uncovers the FBI’s 50 year-long obsession with black poets, novelists and essayists; O Elephant! JoAnn Wypijewski on the grim history of circus elephants; PLUS: Jeffrey St. Clair on birds and climate change; Chris Floyd on the US as nuclear bully; Seth Sandronsky on Van Jones’s blind spot; Lee Ballinger on musicians and the State Department; and Kim Nicolini on the films of JC Chandor.
Archives by Tag 'neoliberalism'
What Ryan and Obama Share
PAUL A. PASSAVANT
When Mitt Romney picked Paul Ryan as his vice-presidential running mate, progressive groups immediately began to message their networks.  They said Romney had committed “political suicide,” and openly asked, “Did Romney just give away the election,” to quote some...
Say Goodbye to Social Security
ROB URIE
In a New York Times editorial (link) written ...
The Privatization From Hell
EVAN JONES
On 11 September 2009, A France Telecom employee threw herself out of the office window to her death. Hers was the 23rd suicide in the company since early 2008. There was another France Telecom suicide only several days previously. There were suicides before 200...
Market Failure at the Rio+20 Earth Summit
PATRICK BOND
Given the worsening world economic crisis, the turn to “Green Economy” rhetoric looms as a potential saviour f...
The Detritus of Globalization
VIJAY PRASHAD
On June 15, after eight hours of deliberation, the Jury in Manhattan’s federal court found Rajat Gupta, 63, guilty of four counts of insider trading. As the crimes and misdemeanors of Wall Street imploded over the past decade, many saw Gupta as one of the examples of pr...
President Cat Food
ROB URIE
Back in the depths of the financial crisis Barack Obama put together a ‘bipartisan’ commission to balance the national budget. To promote this effort he used the stunningly misleading conflation of family and national budgets to argue that Americans need to “tighten...
David Brooks on American Capitalism
RAVI KATARI
A recent op-ed by NY Times columnist, David Brooks, asserts that “Forty years ago, corporate America was bloated, sluggish, and losing ground to competitors in Japan and beyond.”  However, the rise of private equity firms and “bare-knuckled corporate executives” ...
South Africa’s Dangerously Unsafe Financial Intercourse
PATRICK BOND
Just before last weekend’s meetings of the World Bank and International Monetary Fund (IMF) board in Washington, South Africa’s Finance Minister dropped us an obscure news item: “Gordhan concerned about rand volatility”(Reuters, April 16). Hid...
Why Jim Kim Should Resign From the World Bank
PATRICK BOND
The situation for the many constituencies hopeful about Jim Yong Kim’s ‘election’ as World Bank president is comparable to early 2009. Barack Obama entered a US presidency suffering institutional crisis and faced an immediate fork in the road: make the change...
Sacking Sarkozy Won’t Be Enough
SERGE HALIMI
Will the French elect a different president, but leave unresolved all the issues raised in the election of 2007? The French would welcome a change of government: because, apart from President Sarkozy’s egregious shortcomings — his ubiquity, his exhibitionism, his endl...
Five Challengers of the Neoliberal Jackboot
VIJAY PRASHAD
The governments of the five large countries of the Global South, the BRICS states, met in New Delhi this week for their fourth summit. These five countries, Brazil, Russia, India, China and South Africa, are home to forty per cent of the world’s peoples, and their share...
The Neoliberal Hoax
ROBERT HUNZIKER
Neoliberalism is the most powerful force in economic history; like a black hole in deep outer space, it consumes everything. The great prophets of neoliberal economic policies like Milton Friedman claim economic freedom is a necessary condition for political freedo...
Occupy World Street!
THOMAS H. NAYLOR
Ross Jackson is an interesting guy who has just published a very interesting and timely book entitled ...
What Do the World Bank Statistics Really Tell Us?
ROBIN BROAD and JOHN CAVANAGH
Now here is what sounds like a New York Times headline to celebrate: “...
Third World Capitalism
ROBERT HUNZIKER
How did this happen? America, the czar of capitalism, is becoming a third world country! According to the most recent U.S. Census Bureau report 46.2 million Americans are poor. Of course, the naysaying dissenters claim poor families, as defined in the U.S., include...
The IMF and Tunisia
PATRICK BOND and KHADIJA SHARIFE
With International Monetary Fund (IMF) managing director Christine Lagarde visiting Tunis today, the stage is set for the next stage of ideological war over the progress of democratic revolutions. Until 27 year-old fruit seller Mohamed Bouazizi committed suicide by...
Capitalism’s Barren Landscape
DEEPAK TRIPATHI
A few days before the annual gathering of business and political elites at the World Economic Forum at Davos, the British prime minister David Cameron set out his vision of capitalism that is popular and responsible. At a time of acute crisis, Cameron put up a staunch def...
Looting Durban
PATRICK BOND
his is the South African city of Durban’s first week since 2002 without City Manager Michael Sutcliffe. He became well known across the world as a target of community and environmental activism, for catalyzing a $400 million stadium for the soccer World Cup in 2010, and...
Where Will the Jobs Come From?
ROBERT URIE
In Ron Suskind’s book “Confidence Men” Barack Obama is reported in 2008 to have argued to his...
The Baltic Tigers’ False Prophets of Austerity
JEFFREY SOMMERS, ARUNAS JUSKA, & MICHAEL HUDSON
The Baltic states have discovered a new way to cut unemployment and cut budgets for social services: emigration. If enough people of working age are forced to leave to find work abroad, unemployment and social service budgets will both drop. This simple mathematics...
L. L. Bean and the Myth of “Made in America”
RALPH NADER
“Here, look at this handsome L.L. Bean catalog and tell me what you want for Christmas,” said a relative over Thanksgiving weekend. I started leafing through the 88 page cornucopia with hundreds of clothing and household products, garnished by free gift cards ...
Who Benefits From Austerity Politics?
ROB URIE
With so called “technocrats” being installed in Italy and Greece to lead governments through austerity programs, the discussion of who benefits from these programs and who pays remains largely in the background. When benefits are discussed they are usually couched in ...
Keeping Democrats on the Hook
ALAN NASSER
“I think it’s dangerous, this class warfare” — Mitt Romney on OWS, Oct. 4, 2011 Occupy Wall Street (OWS) represents a nationwide movement-in-the-making that is independent of the two-Party duopoly. Both the mo...
The Siege of Wall Street
THOMAS H. NAYLOR
The most compelling take away image from a visit to Zuccotti Park, home of the burgeoning Occupy Wall Street movement, is the almost unbelievable amount of global energy emanating from such a tiny plot of real estate.  How is it possible for the ideas of so few people ca...
Post-Political Disorder
SAM SMITH
Since history only hangs around these days for six months or so, it is easy not to notice that Republicans don’t act like Republicans anymore nor Democrats like Democrats. Robert Taft, Dwight Eisenhower, or Margaret Chase Smith would be horrified at such politica...
Obama’s Jobs Bill and Other Fictions
ROB URIE
Several seemingly well meaning pundits have asked: if Occupy Wall Street wants jobs, why don’t they come out and support President Obama’s jobs bill? Answering only for myself, the better question is: why doesn’t Obama support his own jobs bill? The White House is c...
Street Action
SAUL LANDAU
Politicians face a spreading revolt against Wall Street, financial tycoons, banks in general and an insensitive government that ignores people’s needs. The latest poll shows a radical lack of confidence for those running the government A September 30 Gallup poll ...
A Coup in the European Union?
SUSAN GEORGE
European Union workers’ pretentions to better pay and working conditions, shorter working lives, munificent retirement benefits, long holidays and time off for this and that have got to be brought under control!  Enough is enough! Let ...
From Argentina to Wall Street
BENJAMIN DANGL
Massive buildings tower over Wall Street, making the sidewalks feel like valleys in an urban mountain range. The incense, drum beats and chants of Occupy Wall Street echo down New York City’s financial district from Liberty Plaza, where thousands of activists have conve...
The Party’s Over
SAM SMITH
The party’s over. The national delusion that began 30 years ago with the inauguration of Ronald Reagan has run its course. Free trade, competition, innovation, entrepreneurship, market driven, bottom line, laissez faire, deregulation, privatization, mission statements, ...
Neoliberals on Bikes
OLIVIER CRYAN
Hamburg’s most fashionable district is also its greenest, though this is not immediately apparent from the foot of the Marco Polo Tower — 16 storeys of luxury apartments that look like a sliced loaf. (They cost an average €3.7m.) A love of nature isn’t obvio...
Is Capitalism Preparing to Bury Itself?
MURRAY DOBBIN
Where is Henry Ford when you need him? You may remember Henry — the ruthless industrialist who nonetheless refused to be hobbled by suicidal ideology when it came to doing business. He realized as his workers cranked thousands of new cars off the assembly lin...
Neoliberalism and Its Discontents
PETER LEE
One might think that in this brave new world of escalating global economic and social problems and burgeoning BRICs, priority might be given to forging consensus with the new rising powers to get the planet out of its economic rut and building a future less reliant on rui...
The New Agencies of Change
SAUL LANDAU
An angry demonstration virus spreads to country after country in response to negligent and callous political leaders who have ignored the basic needs of their citizens. Instead, they have bowed or eagerly catered to demands of multinational corporations and banks, thus de...
Is Obama’s Pragmatism a Losing Bet for 2012?
FIRMIN DeBRABANDER
Reflecting upon growing voter indifference in democracies across the Atlantic, historian Tony Judt chalked it up to a roster of world leaders that “convey neither conviction nor authority” and “stand for nothing in particular.” These words resonate in the aftermat...
Burning Britain
NAFEEZ MOSADDEQ AHMED
The rioting, looting and plunder that started in Tottenham on Saturday has now spread like wildfire throughout the capital. Shops were broken into, properties vandalized, and flats and vehicles set alight by gangs of mostly young men in Croydon, Clapham, Brixton, Hackney,...
Empire and Inequality Win Again
PAUL STREET
Recall the conservative U.S. President Barack Obama’s televised speech to the nation on the evening of June 22, 2011 – the one where he announced the removal of 33,000 troops from illegally invaded Afghanistan by September 2012. “We are a nation,” Obama proclaimed...
Capitalism at the Guillotine
ROBERT HUNZIKER
Hard times always bring to surface questions about the sanctity and the viability of an economic system. The Ancien Régime, established in France from the 15th through the 18th centuries, failed when hard times hit because too many people felt the economic system’s san...
The Change That Didn’t Happen
ERIC TOUSSAINT and DANIEL MUNEVAR
With the announcement of the candidacy of Barack Obama for President of the United States in 2012, the campaign trail has officially started. Contrary to what one might have expected two years ago, Obama faces a tough re-election challenge. Furthermore, a victory does not...
Whose Black President?
PAUL STREET
Consider the following quote from Progressive magazine editor Matthew Rothschild last October: “With economic pain at the highest level ever seen by most Americans, and with minorities especially hard hit, we’re seeing a revolt not by people of color, not th...