Joseph Stiglitz: World Economic Crisis, a Difficult and Long Way Out

Nobel Economy Laureate Josepth Stiglitz said in the Dominican Republic that the way of the current world economic crisis entails a difficult and long process.


Another Crisis of Capitalism

Unfolding globally today is another capitalist 'crisis of overproduction' and a corresponding crisis of unmet human needs, even for food and water. Earlier crises (1907, 1929) led to terrible suffering, political breakdowns and war, but also opened the path for the Russian, Chinese (1917, 1949) and other socialist revolutions.


Lessons in Coalition Politics: The Indian Left and the Indo-US Nuclear Deal

In the general election of 2004, the Indian electorate denied the intransigent right wing power over the state. The Bharatiya Janata Party (BJP)-led National Democratic Alliance won 181 seats, with the BJP losing 44 of its seats to come away with 138 by itself.


Reflections on the (Unplanned) Death of an Ideology

The financial meltdown on Wall Street has provoked a severe ideological crisis. Capitalism itself is under scrutiny. In the corporate media, one can now find regular discussions of Marxism, capitalism and socialism – not always positively presented to be sure, but at times the discussion has been thoughtful.


Financial Collapse, Systemic Crisis? Illusory Answers and Necessary Answers

The violent explosion of this crisis did not surprise us; I mentioned it a few months ago while the conventional economists were ignoring its coming development and consequences, especially in Europe.

UN Launches Record Appeal for Humanitarian Aid

The UN is asking for a record US$7 billion to help 30 million people in Africa and the Middle East. 'The money is being used to keep people alive,' said John Holmes, the UN Under-Secretary-General for Humanitarian Affairs, at the Consolidated Appeals Process launch in Geneva on 19 November.

Occupation of Afghanistan: No Benefit to Anyone

Seven years of British involvement in the US-led illegal occupation of Afghanistan have brought no benefit to the people of either country. Afghans have been slaughtered in their tens of thousands, for identifying with the 'government' of Hamid Karzai.

G20 Summit: Confirmation of the Need for Stronger Regulation of Markets

The leaders of 20 countries met in Washington, D.C. last week to discuss how to respond to the current global financial crisis that broke out in the United States and how to prevent the recurrence of such a crisis.

Dealing with a Bad Deal: Two Years of DR-CAFTA in Central America

Critics argue that for over a decade, the United States has been striving to create commercial inroads into Latin America by way of bilateral free trade agreements that benefit US economic interests to the detriment of those of Latin America.


Results of G-20 Meeting on the Global Economy

Bush seemed happy to have Lula sitting to his right during dinner on Friday. On the other hand, Hu Jintao, whom he respects for the enormous market in his country, the capacity to produce consumer goods at low cost and the volume of his reserves in US dollars and bonds was sitting to his left.

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