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By Alan Wolfe
$17.13
By William Pfaff
$16.50
$23
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BBC
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Two people are dead after part of the concrete roof of a factory that manufactures Asics shoes in Cambodia collapsed on workers, officials say. Police report at least six people were injured.
Posted on May 17, 2013
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AP/Tanya Bindra
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By Thomas Hedges, Center for Study of Responsive Law —
The nation’s communities and fisheries have bounced back over the last year with local fishermen seeing their catches increase.
Posted on Apr 2, 2013
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Verso Books
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Although Karl Marx discerned in the middle of the 19th century that a new class of capitalists was creating “a world after its own image,” it took until the beginning of the 21st century before “a constantly expanding market” could be said to have fully spread capitalist social relations “over the entire surface of the globe,” write Leo Panitch and Sam Gindin in their new book, “The Making of Global Capitalism.”
Posted on Jan 31, 2013
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salady (CC BY 2.0)
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By Alexander Reed Kelly — A bold experiment is under way in the world’s fifth-largest economy: French President Francois Hollande has announced his intent to tax the rich. What happens next could deliver a blow to one of global capitalism’s most persistent myths.
Posted on Oct 2, 2012
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AP/Alexander Zemlianichenko
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By Ivo Mijnssen — For motives that are not entirely clear, Vladimir Putin’s Russia has overcome stiff opposition at home and in the United States to take its place in the World Trade Organization.
Posted on Sep 25, 2012
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“It’s all the same crisis,” says the Truthdig columnist, “which is the collapse of globalization. It doesn’t work anymore.”
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“This American Life” host Ira Glass gave monologist Mike Daisey every opportunity to explain the lies in his “The Agony and Ecstasy of Steve Jobs” performance, which became the basis for one of the radio show’s most popular and talked about episodes. Daisey’s rationalization for lying turns out to be, like much of his show, bullshit.
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Flickr/mckaysavage (CC-BY)
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By Suzanne Petroni —
These are daunting numbers, almost as unfathomable as that looming 7 billion figure. But there’s no need to turn away because the scope of the problem is simply too large to comprehend.
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The “haves” have been subjecting the “have-nots” to lives of miserable, crushing toil since polarized hierarchies appeared behind the walls of the world’s first city some 10,000 years ago. The names, faces and technologies change, but so far, the legacy of exploitation remains. (more)
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AP / J. Scott Applewhite
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By Robert Scheer — Of course it will be argued that multinational corporations have the right to arrange their businesses as they see fit in order to maximize profit. But if that is the case, do beleaguered American taxpayers have to foot the bill?
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AP / Jacques Brinon
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By Chris Hedges — The last people who should be in charge of our food supply or our social and political life, not to mention the welfare of sick children, are corporate capitalists and Wall Street speculators.
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AP / Oded Balilty
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By Steven Hill — How is a country with a lower per capita income than Kazakhstan, one of the worst environmental records of any major nation and a dictatorship, besides, hailed by so many as the next global superpower?
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What is it going to take for concerned and engaged citizens to finally feel as though some crucial threshold has been crossed—that our nation’s political system and the global corporate culture it both serves and feeds into will never represent them or serve their needs?
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What Noam Chomsky has to say about globalization, why older is wiser, and proof that at least two of the three bozos who most wrecked the economy still don’t get it.
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EPA / Stephen Morrison
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Poverty has apparently become a kind of spectacle: Places such as Brazil’s favela slums and India’s shantytowns have become part of a “poverty tour” industry. Now Kenya has jumped on the bandwagon, with several organizations selling guided trips through the wretched Kibera slum in Nairobi.
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AP / Gene J. Puskar
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By Chris Hedges — The rage of the disposed is fracturing the country, dividing it into camps that are unmoored from the political mainstream. Movements are building on the ends of the political spectrum that have lost faith in the mechanisms of democratic change. You can’t blame them. But unless we on the left move quickly, this rage will be captured by a virulent and racist right wing, one that seeks a disturbing proto-fascism.
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watersecretsblog.com
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A dry spell in India’s usual monsoon season has had a dramatic effect on food prices and availability, affecting more than 700 million people in the world’s second most populous country. With its farmers hit hard by the drought, India is forced to begin importing food to make up for the shortages.
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By William Pfaff — The globalization of the international economy launched as an accidental policy of the Clinton administration has proved to be a destroyer of people, governments and wealth.
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foxsearchlight.com
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It may be the best picture, but Hirsh Sawhney writes in the Guardian that “Slumdog Millionaire” is a simplistic text that “far from spreading the blame for global poverty ... actually suggests that the west is the solution to India’s problems.”
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By Marie Cocco — This didn’t start with the mortgage and credit crisis. It all began with the wage crisis.
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At last, a revisionist takedown of our 40th president, portrayed as an empty suit too often lauded by the common people he betrayed.
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usatoday.com
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As if there was no better way to conclude the past eight years of the current administration, President Bush will host his own personalized going-away party: the world’s first “global financial summit,” where leaders will discuss the current global economic troubles and hopefully ways to prevent such crises from recurring.
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By William Pfaff — Military and economic disasters have caused Europeans and European governments to view the United States in a new, unflattering light.
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foxnews.com
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With all the negativity in the ether regarding the stability of the world economy, it’s surprising that the International Monetary Fund took so long to throw its two cents into the fray. Never the fund to disappoint, the IMF issued a report Wednesday that warns of a pending global downturn following the U.S. credit crisis, as confidence falters in finance and credit markets around the world.
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By Eugene Robinson — Between the sight of China’s dazzling Olympics and the sound of Russian tanks, it’s clear that America is not the only big shot in the world. Will John McCain and Barack Obama take notice?
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boston.com
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The World Trade Organization talks in Geneva finally imploded Wednesday, as negotiations over farm subsidies and labor standards collapsed into an immovable standstill between wealthy and poorer countries. The talks, defended heavily by the “developed world,” are seen by critics as an instrument to serve corporate interests.
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By Marie Cocco — Using taxes as the centerpiece of—or as a substitute for—a more comprehensive economic policy is the idea that has dominated Washington since the rise of Reaganism nearly three decades ago, but the global forces shaping the U.S. economy are more powerful than a mere tax cut, or tax hike.
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By Ellen Goodman — We are expected to interact with “labor-saving technology” without realizing that it’s labor-transferring technology. The job has not been “saved”; it’s been taken out of the paid sector, where employees have a nasty habit of expecting salaries, and put into the unpaid sector, where suckers ‘r’ us.
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For $52 billion, Belgian beer giant InBev will gain control of Anheuser-Busch, the mighty producer of Bud Light and Budweiser, America’s #1- and #2-selling beers, respectively. In one swoop, the Euro brewery secures half the U.S. market.
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momocrats.typepad.com
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According to Phil Gramm, the former senator from Texas who’s now a key economic adviser to Sen. John McCain, America’s economic woes, insofar as they actually exist, are the product of some stinking thinking by “a nation of whiners” and doom-and-gloom headlines from the U.S. media.
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Are we now ruled by an international “superclass” that hollows out traditional notions of national sovereignty, and whose loyalties are only to the bottom line and its own members?
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blog.kir.com
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By Mark Engler —
How has the Bush administration changed the world economically, and what it will mean for the next administration? Also, if Bush-style “imperial globalization” is rejected in January, what will American ruling elites try to turn to—Clinton-style economic globalization?
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By David Sirota — What passes for smart economic policy is actually a set of right-wing globalization measures that destabilizes the world economy. For the sake of Americans and others, our politicians need to wise up.
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By Amy Goodman — Food riots are erupting around the world. Behind the hunger, behind the riots, are so-called free-trade agreements, and the brutal emergency-loan agreements imposed on poor countries by financial institutions like the International Monetary Fund.
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Tab, The Calgary Sun —
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By Ellen Goodman — Renting the wombs of poor women in foreign countries has become a business, but is it a good business?
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Hillary Clinton has, for obvious reasons, tried to distance herself from her time on the board of Wal-Mart, the Arkansas company that, for many Democratic voters, emblematizes globalization and all those jobs that were shipped overseas that the candidates keep talking about.
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By E.J. Dionne, Jr. — What’s the matter with conservatism? Its problems start with the failure of George W. Bush’s presidency but they don’t end there.
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By Cristina Nehring — One of our most trenchant critics takes a withering look at how contemporary essayists in a global world have gone increasingly, foolishly, local.
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Photo by Arturo Perez y Perez / Courtesy of Malaleche
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By Rosa-Linda Fregoso — Cinema, communication and American studies scholar Rosa-Linda Fregoso takes a look at recent exhibitions and installations by the Colectivo Malaleche, a Mexican artists’ collective that addresses the plight of women, migrants and other vulnerable groups through their work.
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The “Real Time” host takes on Mother Teresa’s doubts, Obama’s “blackness” and the high cost of low morals in our bargain-crazed culture: “Let’s have a war and cut taxes, what could go wrong? Let’s give mortgages to the homeless. Sounds like a plan! Let’s buy toys from a communist police state, you just know they’ll put in a little extra love.”
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achievement.org
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With the news that Nokia is recalling millions of batteries, on top of the ongoing exploding laptop problem, and Chinese-made products ranging from toothpaste to Barbies sounding alarm bells, we can’t help but feel the absence of America’s greatest consumer advocate.
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By Amy Goodman — The Democratic Party leadership is stabbing its base in the back with secret “free trade” deals made behind closed doors with the White House. Now congressional Democrats may be on the verge of a significant split.
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In this satirical news brief, the Onion envisions a world where marketing and exploitation meet. What if clothing companies that depend on abusive labor practices were honest about it?
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Britain’s biggest union will meet with the United Steel Workers, a North American organization, to discuss the possibility of a merger. The resulting international mega-union would be one of the largest in the world. The head of the British group has previously expressed a desire to form “a single global trade union movement capable of challenging the might of multinationals.”
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news.bbc.co.uk
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Evidence of Iran’s influence over the global economy appeared Wednesday as the oil-rich nation agreed to release 15 British captives and petroleum prices consequently fell. If a relatively minor diplomatic dispute can perturb investors, imagine how invading or bombing Iran would affect global markets.
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