December 2007 – What the Housing Crisis Means to You

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Dear Readers,

Due to high costs, the editorial board along with the leadership of the Communist Party has been forced to take cost cutting measures. This includes layoffs of two valuable and committed staff persons along with changing both the format and frequency of PA. The number of times we print will change from 11 to 6, and the glossy cover will be eliminated. Each issue will contain the same amount of reading material: however, the changed format will mean printing without pictures and therefore a reduced number of pages.

The PA editorial board remains committed to insuring the same quality of editorial work and content. In fact, we will work even harder to improve it. We also intend to maintain our concept of PA as a magazine of politics, culture and ideology, but with longer and deeper articles.

We want to strongly encourage you to continue to follow PA online as our publication expands its presence there. In this world of 21st century publishing, more of our resources have to be devoted to publishing in the interactive online environment, where print, video, audio, and telephone are combining into one powerful platform. The fact is that the press – be it capitalist or working-class – is in transition from hard copy to electronic publishing, and we must become part of it. Already we have 3 times the number of regular readers online as we do in print and this number is sure to grow.

We look forward to working, struggling and dynamically interacting with you to achieve our goal of a new society and the realization of the scientific socialist and communist idea. If you have any questions about your subscription, we can be reached at or 646-437-5336.

In struggle, PA Board

Departments:

4: Letters

5: Marxist IQ

6: Commentary

Viva Frida: A Tribute By Claire Carew

Standing Up for Public Education By Ben Sears

An injury to one is an injury to all: House passes anti-discrimination bill By Political Affairs

12: Book Reviews

Fellow Travelers: A Novel Reviewed by Martha Kramer

The People’s State: East German Society from Hitler to Honecker Reviewed by Tony Pecinovsky

14: Poetry

Full Moon By Carolyn Gregory

Notes on the Long Poem (Tuscaloosa, AL) By Michael S. Harper

Can We Have Some Peace and Quiet Please? By Eliot Katz

30: International Notes

Features:

16: How Goldman Sachs Plays Both Sides and Wins

With fingers in every pot, Goldman Sachs has been a leading light of the capitalist class. By Lawrence Albright

18: Setting the Record Straight: Doris Lessing is Politically Incorrect

Nobel Prize winner Doris Lessing accuses Marxism of abusing language. Novelist Phil Bonosky responds. By Joel Wendland

20: The Housing Crisis and the Economy: Interview with Art Perlo

What are causes and solutions for the housing crisis? By Political Affairs

22: On the Ropes: US Imperialism Today

Far from stable, US imperialism is on the brink of disaster. By Gerald Horne

26: Warning: Climate Crisis May be Hazardous to Your Health

Global warming will have disastrous public health side-effects. By David Lawrence

28: Private Eye, Public Activist: Dashiell Hammett and the Detective Novel

Celebration of the life and work of America’s first great detective writer. By Norman Markowitz and Eric Green

32: Last Exit to Utopia: A Traveler's Guide to a New Society

Thinking through the transition to socialism. By David Cavendish

36: Managing Markets and the Socialist State: An Overview

What is a working-class government and what are its main goals? By David Pena

40: Capitalism vs. Labor: The Pullman Strike Showdown

By Jon Allen

44: La crisis del mercado de la vivienda y la economia: Entrevista con Art Perlo

Por Political Affairs