Today's Stories

October 21, 2008

Vijay Prashad
Wealth's Apostles

October 20, 2008

Michael Hudson
The ABCs of Paulson's Bailout

Anthony DiMaggio
The Scandal That Never Was: ACORN, Rightwing Media and Election "Fraud"

Tariq Ali
Zardari Bans My Books

Uri Avnery
Is Akko Burning?

Bill Quigley
Hammered by the Swedes

Ben Rosenfeld
The Politics of St. Joe, Martyr to a Lie

David Michael Green
Payback's a Bitch: McCain on the Ash Heap

William S. Lind
The Afghanistan Advantage

Chris Genovali
Drill, Baby, Drill (Wink, Wink)

Stephen Martin
The Last Man in America

Howard Lisnoff
Bad News for War Resisters

David Yearsley
Organ Meat

Website of the Day
Our Brother is Sick: the Steve Ferguson Cancer Fund

October 17 / 19, 2008

Alexander Cockburn
Blow Ups and Bombers

Jeffrey St. Clair
Inside Hanford: a Trip to America's Most Toxic Place

Pam Martens
How the Banksters are Making a Killing Off the Bailout

Paul Craig Roberts
Government of Thieves

Mike Whtney
No More Investment Banks

Michael D. Yates
Bowling Alley Blues: Racism Dies Hard in Johnstown, PA

Suzanne Smith
The Energy-War Connection: McCain Said It, Why Don't We?

Carl Boggs
Prosecuting Bush

Ralph Nader
Closing the Courthouse Doors

Fidel Castro
The Global Crash

Dave Marsh
The Great Levi Stubbs

Saul Landau
Denial, the Election Musical Comedy

Jo Guldi
The Floods of Heaven

Kevin Zeese
Now the Cost of War Really Matters

Larry Everest
Afghanistan, Not a Good War Gone Bad

Steve Early
Stop, in the Name of Joe!

David Macaray
Hey, Joe

Ben Terrall
When Ike Hit Haiti

Missy Beattie
Palin and God's Children

Don Monkerud
American Exceptionalism

Helen Redmond
Health Care Now's Big Con

Dan Bacher
Schwarzenegger's Delta Vision: Canals and Dams to Bail Out Big Ag

Wajahat Ali
Bush Gets Stoned

Farzana Versey
The White Tiger's Stripes and Gripes

Vladimir Frolov
Medvedev to Obama: We Come Not to Bury America, But to Buy It

Kim Nicolini
Frozen River: At Last, a Great Movie That's Neither Hip Nor Cool

Poets Basement
Gibbons, Corsale, Davis and Fleming

Website of the Day
The Real Sarah Palin?

October 16, 2008

Mike Whitney
The End of Friedmanite Economics: an Interview with Robert Pollin

Jonathan Cook
The Acre Riots

Ayesha Ijaz Khan
Is Obama Playing to the Gallery? Or Has He Lost the Plot in South Asia?

Alan Maass
A Supreme Injustice: the Death Penalty Case of Troy Davis

Chuck O'Connell
Our Needs Do Not Fit on Their Ballots

Mary Lynn Cramer
Krugman's Prize: Iconoclast, Apologist or Propagandist?

P. Sainath
The Race May be Over, But Race Isn't

Andy Worthington
The Shrinking Case Against Binyam Mohamed: Justice Department Drops "Dirty Bomb Plot" Allegation

Peter Gelderloos
Enric Duran, the Good Thief?

Stephen Martin
The Nourishment of Idleness: Where Has All the Money Gone?

Douglas Valentine
Why I'm Voting for Obama

Website of the Day
The Mormon Worker

October 15, 2008

Steve Conn
The Real Story of Troopergate

William P. O'Connor
The Legend of John McCain

Robert Weissman
The Partial Nationalization of US Banks: Public Ownership, But No Public Control

Jonathan M. Feldman
Before the Second Wave of Crisis: an Alternative to the Triple Failure

Ron Jacobs
The Politics of Race in America: Is a Vote For Obama a Vote Against Racism?

Conn Hallinan
Targeting Unions in Colombia

Justin Podur
The Financial Economy and Real Economy

Karl Grossman
The New Nuclear Navy

Dave Lindorff
Is the Government Really Turning Socialist?

Eric Walberg
The Quiet Russian

Martha Rosenberg
Of Blood and Eggs

Uri Avnery
A Fairy Tale

Monica Benderman
No More

Website of the Day
Contractor Misconduct Database

October 14, 2008

Robert Richter
McCain: War Hero or War Criminal?

Paul Craig Roberts
The Bailout and the Smell Test

Ismael Hossein-Zadeh
The Wall Street Coup and the Bailout Scam

Steve Conn
Made in Alaska: Fear of the Fringe

P. Sainath
The Race Could be Over, But Race Isn't

Gregory Elich
How the Nobel Peace Prize Was Won

Stephen Martin
A Tectonic Shift in Hegemony at the G7

Rev. William Alberts
Don't Blink Twice

Laura Carlsen
The Fall of the Bush Dynasty Plan

Joanne Mariner
The Uighurs Come to Washington

Howard Lisnoff
Left Behind: a Biden Fundraiser and the Children of Holyoke

David Macaray
A Tale of Two Unions

Website of the Day
Six Degrees of Hank Paulson

October 13, 2008

Alexander Cockburn
Farewell to Daniel Cassidy

Michael Hudson
Rescue for the Few, Debt Slavery for the Many

Patrick Cockburn
Pogrom Against Mosul's Christians

Chris Floyd
The God That Failed: the 30-Year Lie of the Market Cult

Fidel Castro
The Law of the Jungle: Racism, Obama and the Fall of the American Economy

Robert Weitzel
Olmert's Depths of Reality

Derek Wright
How Chrysler Killed My Uncle

Stephen Soldz
Guantánamo's SERE Standard Operating Procedures

David Michael Green
Greed is Not Good

Norman Solomon
Requiem for the Bailout: a Storyline

Charles R. Larson
Toni Morrison on Her Own Terms

Lisa Massaciuccoli
The Shoplifting Association of the Americas

Website of the Day
Arlo Guthrie: "I'm Changing My Name to Fannie Mae"

October 10 / 12, 2008

Alexander Cockburn
Is McCain a Lot Sicker Than We Know?

Jeffrey St. Clair /
Joshua Frank
Obama's Nuclear Ambition

Douglas Valentine
Mission CREEP: From John Mitchell to John McCain

Noam Chomsky
Exposing the Un-Democratic Face of Capitalism

Ralph Nader
The Derivatives Game

Syed Saleem Shahzad
Why the Neo-Taliban is Winning

Patrick Cockburn
War in the Time of Cholera

Paul Craig Roberts
A Possible Solution to the Economic Crisis

Mike Whitney
Run on the System

Peter Morici
The Deficit and the Damage Done

Christopher Ketcham
The End of the Economy

Stephen Martin
Shock and Awe in Economic Warfare

Chellis Glendinning
Wireless Mind, Gullible Mind

Saul Landau
All Guns, No Butter

Ahmad Faruqui
21 Days to Baghdad

Adam Turl
Sheriff Tom Dart vs. the Banksters

Serge Halimi
The Battle for the West

Anthony DiMaggio
Making a Killing: the Business of Elections

John Ross
The Sky is Falling on Mexico, Too

José M. Tirado
Meltdown in Iceland

Paul Krassner
Beat the Crowd in Denver: Cops and T-Shirts

David Macaray
Adventures in Unionism

Robert Fantina
Bankrupt and Belligerent

David Yearsley
The Playlist for Election 2008

Julian Clec'h
The Soap Washing Through Saudi Arabia

Adam Engel
Sexual Healing ... for the Planet

Phyllis Pollack
The Rolling Stones Go Home, Again

Missy Beattie
Going North: the Coming Nation of Alaska

Poets' Basement
Landau, Moser and Henson

Website of the Day
Sarah as Esther? New Video From Inside Palin's Church

October 9, 2008

Robert Bryce
From Enron to the Current Meltdown

David Vest
The Great Rescue of 2008: Could Whatever Follows Bush Be Even Worse?

Winslow T. Wheeler
Meltdown at the Pentagon

Andy Worthington
The Ordeal of the Wrongly Imprisoned Uighurs

Anthony DiMaggio
Obama the Subhuman

Helga Serrano /
Hector Tamayo
Ecuador Charts the Way

Dave Lindorff
When Money Flies

Mats Svensson
At the Checkpoint on the Day of Atonement

Rannie Amiri
The Time for Mordechai Vanunu is Now

Website of the Day
The Palestine Chronicle Needs (and Deserves) Your Support

October 8, 2008

Alexander Cockburn
Imbecilic Tedium

Linn Washington, Jr.
Palin's Racist Remark

Mike Whitney
To the Bunkers!

Deepak Tripathi
The West is Broke

George C. Wilson
Butter Over Guns? McCain and Obama on Defense Issues

Andy Worthington
Seized in Pakistan

Charles R. Larson
"I'm John McCain and I Approved This Lie"

Patrick Irelan
Ecuador's Choice

Matthew Koehler
Log, Baby, Log: Bailing Out the Timber Industry

Stanley Heller
Time to Design a New Economy

Daniel Gross
Working Class Hero: Alexandra Svoboda

Kimberly Hartke
Raw Milk and Civil Liberties

Website of the Day
Olivia Wilde Does It Early

October 7, 2008

Patrick Cockburn
Obama and McCain's Goofy Afghan Bluster

Gary Leupp
Seven Years in Afghanistan:
From "War on Terror" to
"War of Terror"

Uri Avnery
Olmert's Final Divorce
From "All of Eretz Israel"

P. Sainath
The Cop-Out Election
Major Candidates, Congress, Press, All Fail in the Big Crisis

Peter Morici
The Dow Tanks as Bank Bailout Fails to Restore Confidence

Conn Hallinan
The Great Game in the Caucasus:
Bad Moves by Uncle Sam

Martha Rosenberg
Training America's Youth
Today a Pheasant, Tomorrow Osama

Binoy Kampmark
Let's Talk About Extinction:
CERN and Halo

October 6, 2008

Paul Craig Roberts
A Futile Bailout as Darkness Falls on America

Mike Whitney
Still on the Edge of the Abyss

Tariq Ali
Goodbye to Grosvenor Square

Emily Horowitz
How People Tell Cops They're Guilty Even When They Aren't

Michael Hudson
What Did Jesus Say?
A Christian Perspective on the Paulson Bank Bailout

Ron Jacobs
Winter Soldiers and Washington's Wars

October 3 - 5, 2008

Alexander Cockburn
Creatures of Capital

Paul Craig Roberts
Why Paulson's Plan is a Fraud

Saul Landau
The Chutzpah of Hank Paulson

Jonathan Cook
The Souring of a West Bank Romance: Israel's Army and Settlers Fall Out

Andy Worthington
The Dark Heart of the Guantánamo Trials

Dave Marsh
Bono (Himself) Challenges Me to a Debate

Sasan Fayazmanesh
Using the IAEA to Spy on Iran

John Ross
Massacre in Morelia

Brian Cloughley
The Unacceptable Face of Capitalism

Wajahat Ali
Dueling Partners: an Interview with Tariq Ali on Pakistan

Robert Schwartz
A Serious Blow to the Rights of U.S. Workers: NLRB Limits Political Strikes

Alan Nasser
FDR's Response to the Plot to Overthrow Him: a Paradigm for Today's Democrats?

David Ker Thomson
The Case for Drunk Driving

Peter Morici
Gone in 30 Days: U.S. Loses 159,000 Jobs in September

William Blum
When is a Holocaust Not a Holocaust?

William S. Lind
War on Two Fronts: Without Railroads

Michael Donnelly
The Ghost of Gen. McClellan

Thom Rutledge
On Presidential "Rule"

Manuel Garcia, Jr.
Science and the 2008 Presidential Elections: a Survey of the Candidates

Dave Lindorff
Calling the Problem Early

Cindy Ellen Hill
Waging a Sustainable Peace?

Paul Krassner
Dying to Get High: the Side Effects of Medical Marijuana

Daniel White
Vietnam's Masterspy

Poets' Basement
Corseri, Absher, Gibbons and Jenkins

Website of the Weekend
How We Lost Glen Canyon: a Legal Chronology

October 2, 2008

Paul Craig Roberts
Can a Bailout Succeed?

Joe Bageant
Speaking in the Tongues of Brokers: the Bailout in Plain English

Ralph Nader
Soulmates in Deregulation

Mike Whitney
Why the Bailout Stinks

Madis Senner
When Push Comes to Pull: How a Foreign Banker Invasion Sent the Markets Reeling

Winslow T. Wheeler
Congress as Usual:the Crisis Will Pass, But This Bunch Will Remain the Same

William Blum
A Boy's Game: the Origins of the Financial Crisis

P. Sainath
Wall Street Transforms Presidential Race

Website of the Day
McCain's Meltdown in Des Moines

October 1 , 2008

Glen Ford
The Last Hold Up

Steven Conn
Trashing Sarah Palin: the Boomerang Effect

Alan Maass / Lee Sustar
Why Not a Bailout for the Rest of Us?

Kenneth Couesbouc
The Blame Game: When Wall Street Pigs Sprout Wings

Stan Goff
How the Republicans Can Win (And Deserve It)

Adolfo Gilly
Racism, Domination and Bolivia

Rannie Amiri
Bombs in the Levant

Ismael Hossein-Zadeh
The Recurring Myth of Peak Oil

Adam W. Parsons
Food and Markets

Dave Lindorff
Bums' Rush to the Bailout: Where are the Hearings?

Douglas Valentine
The Bush Continuity Plan?

Adrien Rain Burke
The Party's Over: an Open Letter to Nancy Pelosi

Website of the Day
Sarah Palin's Beauty Pageant

September 30, 2008

Pam Martens
What Wall Street Hoped to Win

Chris Floyd
The Shadow of the Pitchfork: Elite Panic on Wall Street

Stephen Martin
A Biological Walk Down Wall Street

Deepak Tripathi
A Bitter Harvest in Afghanistan

Mark Engler
Bad Money

Jonathan Cook
The Attack on Zeev Sternhell: Has Israel Become a Breeding Ground for Jewish Settler Terrorism?

Dave Lindorff
The Power of No

Manuel Garcia, Jr.
Time for a General Strike?

Ahmad Faruqui
In Cold Blood: Buried Alive in Pakistan

John Chuckman
Will the Bride Wear White? As Rome Burns, Bristol Palin Prepares to Tie the Knot with Mr. "Sex on Skates"

David Macaray
Blaming the Labor Unions

Fatemeh Keshavarz
What Obama Could Have Said

Website of the Day
538: a Cognitive Map of American Politics

September 29, 2008

Mike Whitney
Black Monday

Jeff Gibbs
"Just Say No!" to Reverse Robin Hood

Paul Craig Roberts
Why America Should Listen to Ahmadinejad

Peter Morici
The Bailout and the Economy

Tim Wise
Racism as Reflex

John Walsh
Sarah Palin is a Rotten Mom

Uri Avnery
Israeli Fascism: Yes, It Can Happen Here

Alan Farago
Hell to Pay: the Financial Collapse and the Housing Market

Andy Worthington
Is Khalid Sheikh Mohammed Running the 9/11 Trials?

David Michael Green
Where's the Repudiation?

Carl Finamore
Capitalism on Steroids; Labor on Tranquilizers

Iris Keltz
Postcards from the DNC

Bill Hatch
Take This Shrimp Slayer!

Website of the Day
Tina Fey as Palin, Round Two

September 27 / 28, 2008

Alexander Cockburn
How McCain Blew It

Linn Washington, Jr.
Alaska's Blacks and Palin: a Strained Relationship

Christopher Ketcham
An Israeli Trojan Horse

Mike Whitney
The People vs. the Banksters

Kevin Alexander Gray Race in the Race: Is Obama Shining Us On?

Anthony DiMaggio
The Unspoken War: Pakistan, the Media and Nuclear Weapons

Mary Lynn Cramer
Their Assets; Our Debts: How Economic Crises Are Overcome

Marc Levy /
Susan Erony
War Jokes Wanted: No Laughing Matter

Stan Cox
Livestock of Mass Destruction: Germ Labs in the Heartland

Saul Landau
Election Drizzle

Ali Khan
Meltdown in American Markets: an Islamic Perspective

David Rosen
The Great Fear: the Sexual Politics of Sarah Palin

Todd Alan Price
Bailing Out the Foes of Public Eduction

Matts Svensson
The Red and White Bird in Gaza

Ron Jacobs
Pakistan Through the Eyes of a Native Son

Robert Fantina
McCain and the Economy

Richard Rhames
Hank-ering for a Bailout

David Krieger
The U.S.-India Nuclear Proliferation Deal

Seth Sandronsky
Rethinking Charter Schools

Charles R. Larson
Dear Mrs. Abacha: a Nigerian Email Romance

Kim Nicolini
Sadism in the Desert

Poets' Basement
La Morticella, Holt, Moser and Buknatski

Website of the Day
The Great Schlep

September 26, 2008

Moshe Adler
Bailing Out Wall Street Won't Save Main Street

Bill Quigley
The U.S. War on Unarmed Working Mothers

Jonathan Cook
When Archaeology Becomes a Curse

Manuel Garcia, Jr.
Visions of Pinpoint Control: the Romance of Laser Weapons

Madis Senner
Why the Bailout will Fail

Brian Cloughley
US Raids in Pakistan: Violations of Sovereignty

Niranjan Ramakrishnan
Oh, Henry!

Joanne Mariner
Passport Fraud and Torture

Dan La Botz
The Financial Crisis: a View from the Left

David Macaray
Ralph's Management Indicted by Federal Grand Jury

Website of the Day
Nader and Obama Girl at the Office

September 25, 2008

Michael Hudson
The Insanity of the $700 Billion Giveaway

Sharon Smith
Democrats and Corporate Bailouts

Ralph Nader
Who Will Show Some Backbone Against the Bailout?

Christopher Ketcham
The Economy of Dead Sperm (or What I Learned From My Race-Car Grandpa Who Had No Bankers)

Eric Toussaint
Is Another Third World Debt Crisis in the Offing?

Robert Weissman
Getting Wall Street Pay Reform Right

David Estabrook
A Better Bailout Plan

Nikolas Kozloff
The Voyage of the SS Peter the Great

Steve Early
The High Price of Purple Dissent

Judith Scherr
Blue Helmets in Haiti

Laray Polk
South Ossetia and Abkhazia: Notes from the Inside

Website of the Day
Letterman Spanks McCain

September 24, 2008

Paul Craig Roberts
The Bitter Fruits of Deregulation

Nikolas Kozloff
Palin at the UN: a Tutorial from Uribe

Robert Weissman
The Financial Crisis: How and Why Congress Should Play for Time

Andy Worthington
The Guantánamo Trials: Govt. Says Six Years Not Long Enough to Prepare Evidence

Steve Conn
Will Nader's Warning be Acknowledged in the Presidential Debates?

Karyn Strickler
The $700,000,000,000 Power Punch

Diane Farsetta
Stealth Marketers Gone Wild

Dennis Loo
Poisoned Legacy

John Halle
Wealth Tax Now!

Khalil Nakhleh
Palestinians Under the Occupation

Website of the Day
Nader: Debate Crasher

September 23, 2008

Rev. Jesse Jackson, Sr.
Bail Out on This Bailout

Michael Hudson
Henry Paulson and the New Yazoo Land Scandal

Tariq Ali
Why was the Marriott Targeted?

Patrick Dyer
A Death Row Visit with Troy A. Davis

Franklin Lamb
Hezbollah and the Palestinians

Joshua Frank
Oppose Barack Obama? How Dare Thee!

Alan Farago
Pushing the Referees: How the Financial Crisis Occurred

Dave Lindorff
The Bailout Will Kill the Dollar

Tanya M. Kerssen /
Roger Burbach
Bolivia's Popular Upheaval

Harvey Wasserman
Nuclear Power Liabilities Dwarf Bush's Wall Street Bailout

Website of the Day
Hammered by the Irish: the Video

September 22, 2008

Michael Hudson
The Paulson-Bernanke Bank Bailout Plan: Will the Cure be Worse Than the Crisis?

Mike Whitney
Mushroom Clouds Over Wall Street

Christopher Ketcham
Let It Collapse!

Ron Jacobs
The Predators' Bailout

Anne-Marie McManus
Lost in the Rhetoric of Crisis

Robert Weitzel
The Twin Terrors of the Holy Land: a Sexy Fundamentalist and a White-Haired Zionist

Wajahat Ali
An Interview with Howard Dean

John Ross
A New Cold War Comes to Latin America

Steve Breyman
Does the U.S. Really Need Cluster Bombs?

Patrick Bond
On the Bellies of the Filth

Uri Avnery
Fly, Tzipora, Fly

Carl J. Mayer
An Open Letter to Michael Moore (AKA God's Pen Pal): Whatever Happened to Voting Your Conscience?

Website of the Day
Stop the Execution of Troy Anthony Davis

September 20 / 21, 2008

Alexander Cockburn
Is This the Stake Through Neoliberalism's Heart?

Michael Hudson
America's Own Kleptocracy

Pam Martens
The Wall Street Model: Unintelligent Design

Lila Rajiva
Putting Lipstick on an AIG

Mike Whitney
Full-Spectrum Breakdown

Richard Rhames
A Bailout to Nowhere

Bill Moyers /
Michael Winship
The NY Yankees and the U.S. Economy

Bill and Kathleen Christison
The Making of Recent U.S. Middle East Policies: a New Study of Neocon Influence

Susan Block
Palin as Venus in Furs: the Dominatrix Politics of Drilling and Killing

Robert Fantina
Republicans and Subpoenas: Never the Twain Shall Meet

Heidi Walters
Hung Up on Route 36: an 18-Wheeler and a Nuclear Cask

David Yearsley
Germany's Lost Organs: When Bigger Was Better

Raymond J. Lawrence
The Politics of Tribulation: Sarah Palin and the Rapture

David Rosen
One Billion Pills Later: Viagra at 10

David Michael Green
Living in Sarah Palin's America

Anthony Papa
Imprisoned Voters and the Elections

Niranjan Ramakrishnan
Freddie, Fannie, Daddy, Nanny

Howard Lisnoff
When We Notice the Homeless

John Goekler
Leaving Every Child Behind

Missy Beattie
Impalement

Dave Zirin
Leave Josh Howard Alone

Charles R. Larson
Holden Caulfield, Rest in Peace

Tim Matson
Too Big for His Birches: Woodlot Economics

Susie Day
Attack of the Angry Fetus

Poets' Basement
Corseri, Gibbons, Jenkins and Ford

Website of the Weekend
Dylan & Baez: Deportees

September 19, 2008

Steven T. Banko
McCain's Passion Play

Mike Whitney
The Point of No Return

Michael Hudson
The Dow Jones' Wonderfully Cheesy Addition

William Kaufman
Shattering the Glass-Steagall Act: the Bi-Partisan Origins of the Financial Crisis

Brenda Norrell
The Fall of Lehman Bros.: Blowback for Black Mesa?

Keeanga-Yamatta Taylor
The New Rhetoric of Racism: Why Won't Obama Call It Out?

Clifton Ross
Bolivia: Cleaning Up the Bull Ring

Dave Lindorff
Hang On to Your Wallets: the Government's About to Rescue Us!

Cynthia McKinney
Seize the Time!

Susan Hurlich
Storm Survivors: a Dispatch from Cuba

Michael Donnelly
Let's Hand It All Over to the Democrats (They Helped Create This Mess)

Website of the Day
The Crisis Explained

September 18, 2008

Benjamin Dangl
The Machine Gun and the Meeting Table

Harvey Wasserman
The Senate's Drill, Drill, Drill Scam

Susan Abulhawa
The Lobby Has Spoken: Biden and Israel

Robert Weissman
After the Fall: the Financial Re-Regulatory Agenda

Anne-Marie McManus
McCain's Cinderella: the Fetishization of Sarah Palin

Corey D. B. Walker
The Poverty of 21st Century Progressivism

William S. Lind
Senator O'Bush: Why Obama is Wrong on Iran and Afghanistan

Ron Jacobs
Washington's False Logic of Torture

Dave Lindorff
American and China: Joined at the Hip

Binoy Kampmark
How Damien Hirst Got Away With It

Website of the Day
An Invisible Army

September 17, 2008

Stephen Conn
Palin and the Politics of Big Oil

Forrest Hylton
Reactionary Rampage in Bolivia

Patrick Cockburn
Petraeus Leaves Iraq

Gregory Elich
Inside North Korea

Ralph Nader
How the U.S. Auto Industry Wrecked Itself

Franklin Lamb
The Palestinians of Shabra-Shatila

Pam Martens
The Gang's All Here: Bush, McCain and the Old Iran/Contra Team

Dave Lindorff
The End of the Blue Chip Economy

Peter Morici
The Damage Deepens

Stanley Heller
The Killing of Count Folke Bernadotte

Douglas Valentine
Rambling David Foster Wallace

Website of the Day
Free Cindy McCain!

September 16, 2008

Paul Craig Roberts
US Economy: Rudderless and Reeling from Direct Hits

Tiphaine Dickson
Citizen Palin: Why Sarah Palin Quoted Westbrook Pegler

Stan Goff
America is Now Rome: an Open Letter to Christian Troops in Iraq and Afghanistan

Uri Avnery
Tzipi's Choice

Michael Winship
Lipstick on Polar Bears

Jeff Halper
Warehousing Palestinians

Patrick Irelan
Bolivia Versus the Empire

Oscar Gonzalez
Who's Dumber? Ike's Refugees or Wall Street's?

Binoy Kampmark
Cheney and His Records

Fatemeh Keshavarz
Muslims are at Peace with You

Sen. Russ Feingold
Restoring the Rule of Law

Website of the Day
The Next Great Rock Band?

September 15, 2008

Mike Whitney
The Tumbrils Roll at Dawn

Peter Morici
Toxic Lehman

Patrick Cockburn
Take Another Look at the Surge

Charles R. Larson
The Maverick Has No Clothes

Jonathan Cook
The Expulsion of Palestinians from Jaffa

Nikolas Kozloff
Racist Rhetoric in Bolivia

Roger Burbach
Morales Confronts the Insurrection: Bolivia and the Echoes of Allende

Helen Redmond
Where's the Health Care Bailout?

David Michael Green
The Democrats Do Poland

David Macaray
The Boeing Strike

Ralph Nader
Remembering Peter Camejo

Website of the Day
The Ballad of Sarah Palin

October 21, 2008

Time to Delink

The Economic Crisis and Latin America

By ERIC TOUSSAINT

The economic and financial crisis, whose epicentre is found in the United States, has to be utilised by Latin American countries to build an integration favourable to the peoples and at the same initiate a partial delinking.

We need to learn the lessons of the 20th century in order to apply them at the beginning of this century. During the decade of the 1930s, that followed the crisis that exploded on Wall Street in 1929, 12 countries in Latin America suspended for a prolonged time the repayment of their foreign debt, prinicipally to North American and Western European bankers. Some of them, such as Brazil and Mexico, imposed on their creditors a reduction of between 50% and 90% of their debt some 10 years later. Mexico was the one that went the furthest with their economic and social reforms. During the government of Lazaro Cardenas, the petroleum industry was completely nationalised without any compensation for the North American monopolies. Moreover, 16 million hectares were also nationalised and in large part handed over to the indigenous population in the form of comunal goods (“el ejido”). During the thirties and up until the middle of the sixties, various Latin American governments carried out very active public policies with the aim of seeking a partially self-centred development, known later by the name of the model of industrialisation via substitution of importations (ISI). On the other hand, beginning in 1959, the Cuban revolution attempted to give a socialist content to the Bolivarian project of Latin American integration. This socialist content began to appear in the Bolivian revolution of 1952. Brutal US intervention, backed by the dominant classes and the local armed forces, was necessary to put an end to the ascending cycle of social emancipation during this period. The blockade of Cuba since 1962, military junta in Brazil from 1964, US intervention in Santo Domingo in 1965, the Banzer dictatorship in Bolivia in 1971, the Pinochet coup in Chile in 1973, installing of dictatorships in Uruguay and Argentina. The neoliberal model was put in practice first in Chile with Pinochet, and with the intellectual guidance of the Chicago Boys of Milton Friedman, and afterwards was imposed on all the continent, aided by the debt crisis that exploded in 1982. With the fall of the dictatorships in the eighties, the neoliberal model continued in force, principally through the application of structural adjustments programs and the Washington Consensus. The governments of Latin America were incapable of forming a common front, and the majority applied the recipes dictated by the World Bank and the IMF in a docile manner. This ended up producing a large popular discontent and a recomposition of popular forces that led to a new cycle of elections of left or centre left governments, beginning with Chavez in 1998, who committed himself to installing a different model based on social justice.

There is a dispute between two projects of integration
At the beginning of this century, the Bolivarian[3] project of integration of the peoples of the region has gain new momentum. If we want this new ascending cycle to go further it is necessary to learn the lessons of the past. What was particularly missing in Latin America during the decades of the 1940s to the 1970s was an authentic project of integration of economies and peoples, combined with a real redistribution of wealth in favor of the working classes. We need to be conscious of the fact that in Latin America today there is a dispute between two projects of integration, that have an antagonist class content. The capitalist classes of Brazil and Argentina (the two principal economies of South America) are partisans of an integration based on their economic domination over the rest of the region. The interests of Brazilian companies, above all, as well as Argentine ones, are very important in all the region: oil and gas, large infrastructure works, mining, metallurgy, agrobusiness, food industries, etc. The European construction, based on a single market dominated by big capital is the model that they want to follow. The Brazilian and Argentine capitalist classes want the workers of the different countries in the region to compete amongst themselves in order to obtain maximum benefit and be competitive on the world market. From the point of view of the left, it would be a tragic error to fallback on a policy of stages: support a model of Latin American integration according to the European model, dominated by big capital, with the illusionary hope of giving it a socially emancipatory content later on. Such support implies putting oneself at the service of capitalist interests. We do not have to involve ourselves in the capitalist’s games, trying to be more astute and letting them dictate the rules.

The other project of integration, that falls within Bolivarian framework, wants to given a social justice content to integration. This implies the recuperation of public control over natural resources in the region and over large means of production, credit and commercialisation. The levelling from above of the social conquests of the workers and small producers, at the same time as reducing the asymetries between the economies in the region. The substantial improval of paths of communication between countries of the region, rigourously respecting the environment (for example, developing railway lines and other means of collective transport before highways). Support for small private producers in numerous activities, agriculture, artisan, trade, services, etc. The process of social emancipation that the bolivarian project of the 21st century is pursuing aims to liberate society from capitalist domination supporting forms of property that have a social function: small private property, public property, cooperative property, comunal and collective property, etc. At the same time, Latin American integration implies equiping oneself with a common financial, judicial and political architecture.

Latin American is losing precious time

The current international conjuncture, favorable for developing countries that export primary products, needs to be utilised before the situation changes. The countries of Latin America have accumulated close to US$400,000 million in reserves. This is no small figure, in the hands of Latin American Central Banks and which needs to be utilised at an opportune moment in order to help regional integration and shield the continent in the face of the effects of the economic and financial crisis that is unfolding in North America and Europe and that threatens the whole planet. Unfortunately, we should not create illusions: Latin American is on the path to losing precious time, while the governments, beyond the rhetoric, pursue a traditional policy: signing of bilateral agreements on investment, acceptance or continuation of negotiations over certain free trade agreements, utilisation of reserves to buy bonds from the US Treasury (that is, lending capital to the dominant power) or credit default swaps whose markets have collapsed with Lehman Brothers, AIG etc, advance payments to the IMF, World Bank and the Paris Club, acceptance of the World Bank Tribunal (ICSID) as a way to resolve differences with transnationals, continuation of trade negotiations within the framework of the agenda of Doha, maintainance of the military occupation of Haiti. Following a loud and promising start in 2007, the initiatives announced in regards to Latin American integration seem to have come to a halt in 2008.

Bank of the South

In regards to the launching of the Bank of the South, this has already been delayed quite a bit. Discussions have not progressed. We have to get rid off any confusion and give a clearly progressive content to this new institution, whose creation was decided upon in December 2007 by seven countries in South America. The Bank of the South has to be a democratic institution (one country, one vote) and transparent (external auditing). Before using public money to finance large infrastructure project that don’t respect the environment and which are carried out by private companies whose objectives are to obtain maximum benefit, we have to support the efforts of the public powers to promote policies such as food sovereignty, agrarian reform, the development of studies in the field of health and the establishment of a pharmaceutical industry that produces high quality generic medication, reinforce collective rail-based means of transport, utilize alternative energies to limit the impact on depleted natural resources, protect the environment, develop the integration of education systems….

Debt

Contrary to what many think, the problem of the public debt has not been resolved. It is true that the external public debt has been reduced, but it has been replaced by an internal public debt that, in certain countries, has acquired totally huge proportions (Brazil, Colombia, Argentina, Nicaragua, and Guatemala) to the point that it derails a considerable part of the state budget towards parasitically financial capital. It is very worthwhile following the example of Ecuador, which established an integral auditing commission to study the external and internal public debt, with the aim of determining the illegitimate, illicit and illegal parts of the debt. At a time when, following a series of adventurous operations, the large banks and other private financial institutions of the United States and Europe are wiping out dubious debts with an amount that by far surpasses the external public debt that Latin America owes them, we have to constitute a united front of indebted countries in order to obtain the cancellation of the debt.

Nationalisation of the banks without paying compensation and exercising the right of reparations

Private banks need to audited and strictly controlled, because they run the risk of being dragged down with the international financial crisis. We have to avoid a situation where the state ends up nationalising the losses of the banks, as has happened many times before (Chile under Pinochet, Mexico in 1995, Ecuador in 1999-2000, etc). If some banks on the brink of bankruptcy have to be nationalised, this should be done without paying compensation and exercising the right of reparations over the patrimony of their owners.

Moreover, numerous litigation cases have emerged in the last few years between the states of the region and multinationals, from the North and the South. Rather that taking them to the International Centre for Settlement of Investment Disputes (ICSID), which is part of the World Bank, dominated by a handful of industrialised countries, the countries of the region should follow the example of Bolivia, which has pulled out of the organisation. They should create a regional organism for the resolution of litigation cases initiated by other countries or private companies. How can we continue to sign loan contracts or trade contracts that state that, in the case of litigation, the only jurisdictions that are valid are those of the US, United Kingdom or other countries of the North? We are dealing here with an inadmissible renouncement of the exercising of sovereignty.

It is worthwhile establishing a strict control over capital movements and exchange rates, with the goal of avoiding capital flight and speculative attacks against currencies in the region. For the states that want to make the Bolivarian project of Latin American integration for greater social justice a reality, it is necessary to advance towards a common currency.

Integration has a political dimension

Naturally, integration has to have a political dimension: a Latin American parliament elected by universal suffrage in each one of the member countries, equipped with a real legislative power. Within the framework of political construction, we have to avoid repeating the bad example of Europe, where the European Commission (that is, the European government) has exaggerated powers in regards to the parliament. We have to move towards a democratic constituent process with the goal of adopting a common political constitution. We also have to avoid reproducing the anti-democratic procedure followed by the European Commission that attempts to impose a constitutional treaty elaborated without the active participation of citizens and without submitting it to a referendum in each member country. On the contrary, we have to follow the example of the constituent assemblies of Venezuela (1999), Bolivia (2007) and Ecuador (2007-8). The important democratic advances achieved in the course of these three processes will have to be integrated into the Bolivarian constituent process.

Likewise, it is necessary to strengthen the powers of the Latin American Court of Justice, particularly in matters regarding the guaranteeing for the respect of inalienable human rights.

Until now, various processes of integration coexist: the Community of Andean Nations, Mercosur, Unasur, Caricom, Alba….It is important to avoid dispersion and adopt a integration process with a social-political definition based on social justice. This Bolivarian process should bring together all the countries in Latin America (South America, Central America and the Caribbean) that adhere themselves to this orientation. It is preferable to commence this common construction with a reduced and coherent nucleus, rather than with a heterogeneous set of states whose governments follow contradictory, if not antagonistic, social policies.

Partial delinking from the world capitalist market

Bolivarian integration should be accompanied with a partial delinking from the world capitalist market. We are dealing with trying to progressively erase the borders that separate the states that participate in the project, reducing the asymmetries between the member countries especially thanks to a mechanism of transfer of wealth from the “richer” states to the “poorer”. This will allow for the considerable expansion of the internal market and will favour the development of local producers under different forms of property. It will allow for the putting into action of a process of development (not only industrialisation) with substitution of importations. Of course, this implies the development, for example, of a policy of food sovereignty. At the same time, the Bolivarian project made up of various member countries will partially delink itself from the world capitalist market. This means in particular the repealing of bilateral treaties in areas of investment and trade. The member countries of the Bolivarian group should also pull out of institutions such as the World Bank, the IMF and the WTO, at the same time as promoting the creation of new democratic global institutions that respect inalienable human rights.

As was mentioned before, the member state of the new Bolivarian group would equip itself with new regional institutions, such as the Bank of the South, which would develop collaborative relations with other similar institutions made up by states from other regions in the world.

The member states of the new Bolivarian group will act with the maximum number of third states in favour of a radical democratic reform of the United Nations, with the objective of ensuring compliance with the United Nations Charter and the numerous international instruments that defend human rights, such as the international pact on economic, social and cultural rights (1996), the charter on the rights and responsibilities of states (1974), the declaration on the right to development (1986), the resolution on the rights of indigenous people (2007). Equally, it would lend support to the activities of the International Criminal Court and the International Court of Justice in The Hague. It would act in favour of reaching understandings between states and the peoples with the goal of acting in order to limit climate change as much as possible, given that this represents a terrible danger for humanity.

Eric Toussaint, president of the Committee for the Cancellation of Third World Debt – Belgium www.cadtm.org , author of The World Bank: A Critical Primer, Pluto, London, 2008.

Translated by Fred Fuentes

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