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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...