Critical reading

A SocialistWorker.org blog
  • Egypt: Mubarak regime in serious trouble

    A key U.S. ally in the Arab world may be brought down because of his repressive policies and support for Israel. --PG

    Can Mubarak weather a perfect storm?

    Source: The Guardian

    Anger over support for Israel in addition to political stagnation and economic instability could undermine Egypt's president

    Jack Shenker
    Saturday 5 June 2010 11.00 BST

    Holed up under the belle époque domes of his presidential palace this week, ailing Egyptian leader Hosni Mubarak would not have heard the crowds chanting his name on the streets of Cairo, Alexandria, Fayoum and other major cities across the country.

    Which is just as well, as their words were enough to send a chill down the spine of any Arab autocrat fighting to maintain his grip over a nation increasingly reluctant to afford those at the top of the political tree any kind of credibility. "Ya Mubarak, Ya Sahyoni" ("Mubarak the Zionist") sang the protesters, as anger over Israel's deadly assault on the Gaza aid flotilla gathered momentum. "Down with the siege, down with Mubarak."

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  • More details on flotilla killings emerge

    In latest news, Israel has boarded the MV Rachel Corrie in international waters and arested the people on board. Protest the Israeli attacks here. --PG

    Flotilla activists 'shot 30 times'

    Source: AlJazeera.net

    UPDATED ON:
    Saturday, June 05, 2010
    16:21 Mecca time, 13:21 GMT

    Autopsies on bodies of activists killed in Israel's attack on a Gaza-bound aid flotilla five days ago indicate that the victims were shot multiple times at close range.

    Britain's Guardian newspaper quoted Yalcin Buyuk, the vice-chairman of the Turkish council of forensic medicine, as saying that the nine men were shot a total of 30 times.

    Two men were shot four times, and five of the victims were shot either in the back of the head or in the back, Buyuk told the newspaper, based on preliminary autopsy reports.

    Ibrahim Bilgen, a 60-year-old activist, was shot four times in the temple, chest, hip and back, the autopsy revealed.

    Nineteen-year-old Furkan Dogan, a US citizen of Turkish descent, was shot five times from less that 45cm in the face, the back of the head, twice in the leg and once in the back.

    Nine people were killed in Monday's pre-dawn raid on the Freedom Flotilla, a convoy of ships carrying humanitarian aid, that was heading to Gaza in a bid to break Israel's blockade of the territory.

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  • U.S. headed for a double-dip recession

    The latest employment figures bring more bad news. Additional analysis from Dean Baker of the Center for Economic and Policy Research here.--PG

    Why We’re Falling Into a Double-Dip Recession

    Source: Wall Street Pit

    By Robert Reich|Jun 4, 2010, 10:10 AM|Author's Website

    We’re falling into a double-dip recession.

    The Labor Department reports this morning that the private sector added a measly 41,000 net new jobs in May. (The vast bulk of new jobs in May were temporary government Census workers.) But at least 100,000 new jobs are needed every month just to keep up with population growth.

    In other words, the labor market continues to deteriorate.

    The average length of unemployment continues to rise – now up to 34.4 weeks (up from 33 weeks in April). That’s another record.

    More Americans are too discouraged to look for a job than last year at this time (1.1 million in May, an increase of 291,000 from a year earlier.)

    Of the small number of jobs created by the private sector in May, many came from temporary help services.

    Which is one reason why the median wage continues to drop.

    Why are we having such a hard time getting free of the Great Recession? Because consumers, who constitute 70 percent of the economy, don’t have the dough. They can’t any longer treat their homes as ATMs, as they did before the Great Recession.

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  • Obama's secret wars

    According to the Washington Post article linked to below, "One advantage of using 'secret' forces for such missions is that they rarely discuss their operations in public. For a Democratic president such as Obama ... the unacknowledged CIA drone attacks in Pakistan, along with unilateral U.S. raids in Somalia and joint operations in Yemen, provide politically useful tools." According to a "senior military official" quoted in the article, Obama has allowed "things that the previous administration did not." --PG

    Obama's Expanding Covert Wars

    Source: The Nation

    Jeremy Scahill | June 4, 2010

    The Washington Post is reporting that the Obama administration has substantially expanded the role of US special operations forces across the globe as part of what the paper calls Washington's "secret war" against al Qaeda and other radical organizations. Obama, according to the paper, has increased the presence of special forces from 60 countries to 75 countries. US Special Forces, the paper reports, have about 4,000 people in countries besides Iraq and Afghanistan. "The Special Operations capabilities requested by the White House go beyond unilateral strikes and include the training of local counterterrorism forces and joint operations with them," according to the Post. "Plans exist for preemptive or retaliatory strikes in numerous places around the world, meant to be put into action when a plot has been identified, or after an attack linked to a specific group."

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  • Lessons of the Greek crisis

    The Greek working-class fightback against brutal government austerity programs offers a glimpse into the future for workers in the rest of the world. --PG

    Economic Crisis, Greek Theater, Our Drama

    Source: MRZine

    04.06.10

    by Rick Wolff

    Political theater now grips Greece. As with ancient Greek plays, today's drama also reaches and touches everyone else. We sense Greece's dilemmas becoming our own.

    Her rulers declare that a crisis now threatens Greece. They blame it on the masses. To overcome it, they must impose great suffering on the masses. The rulers' chorus intones the absolute necessity, the utter unavoidability of that suffering as the only solution. There is, it insists, no other option. The masses waver. Many lean toward resignation, accepting the suffering as punishment for their sins that caused the crisis. For the moment, the rulers exult as their elaborate political theater of blame seems to have successfully shifted the costs of the crisis from them to the masses. And yet, there are also signs of impending oppositional anger from the masses. Huge demonstrations rocked Athens in May. Cathartic moments loom.

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  • Rage against BP

    How angry? Pretty damn angry. --PG

    Just how angry are people at BP?

    Source: BBC News

    Page last updated at 5:28 GMT, Friday, 4 June 2010 6:28 UK

    By Finlo Rohrer
    Washington

    It's 45 days since the disaster on the Deepwater Horizon rig and the oil spill still isn't fixed, but just how angry are Americans at BP?

    There's been blanket coverage on American rolling news stations. Every national politician in the US has the spill at or near the top of his or her agenda.

    And BP itself is already fighting a PR war to try to minimise the damage to its reputation from the oil starting to ravage the northern Gulf of Mexico coast.

    SOCIAL MEDIA

    If Facebook groups are a good indicator of rage, then the US is very angry indeed.

    The group dedicated to "Boycott BP" is gaining over 30,000 members every day and is already around the 350,000 mark.

    Many vow not to buy BP petrol or products again and express visceral anger towards the oil firm. Some have designed their own logos, satirical takes on BP's green and yellow livery, featuring dripping oil and skulls.

    This is an environmental crisis that ordinary people have been able to get to grips with online in a way not possible during the US's other notorious oil spill, the Exxon Valdez disaster of 1989.

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  • Israel's lies unravel

    Even the New York Times' news blogger Robert Mackey is forced to concede that Israel is hiding the truth. (For more on Israel's PR machine, see Antony Lerman's commentary in The Guardian and Glenn Greenwald's latest column at Salon.com.) --PG

    Reporters Dispute Israeli Account of Raid

    Source: The Lede, NY Times

    June 3, 2010, 4:26 pm

    By ROBERT MACKEY

    http://www.youtube.com/watch?v=0cQ69oKFtVg

    Updated | 5:02 p.m. On Thursday, Al Jazeera English broadcast an interview with Jamal Elshayyal, one of the channel’s journalists who was on board the Mavi Marmara on Monday when it was intercepted by Israeli commandos enforcing a naval blockade on Gaza.

    In his account of the start of the raid, which left nine activists dead and has sparked calls for an independent investigation, Mr. Elshayyal insisted that the Israelis had fired live ammunition at the ship from the air before commandos landed on the boat and said that he had seen someone shot and killed by a bullet that hit the top of his head. He said, in part:

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  • Class struggle in China

    A strike of 2,000 workers at a Honda factory illustrates the growing power of the Chinese working class. (Read a post by one of the striking workers here.) --PG

    China's factory workers finding, and flexing, their muscle

    Source: LA Times

    As the number of working-age laborers dwindles, dissatisfaction with low pay and brutal hours has grown. Big companies are beginning to offer pay increases to stem the anger.

    By David Pierson, Los Angeles Times

    June 2, 2010

    Reporting from Beijing

    They are the engine behind China's decades-long economic miracle: factory workers earning meager wages to ensure that the nation's exports are sold at unbeatable prices.

    But a strike at Honda Motor Co. and a rash of worker suicides at one of the world's largest electronic-components plants in recent weeks have highlighted the challenges China will face as it continues to rely on cheap labor.

    Experts say younger factory workers, having grown up in a time of relative prosperity, will find it increasingly difficult to accept low pay and grueling work hours the way previous generations have.

    China's rapidly aging population also is expected to boost labor's leverage as the number of working-age Chinese dwindles to about half its current portion of the population by 2030.

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  • Record number of long-term unemployed

    More evidence that the recovery isn't all it's cracked up to be. --PG

    Many workers are jobless far longer than usual

    Source: McClatchy Newspapers

    Posted on Thu, Jun. 03, 2010

    Kevin G. Hall

    last updated: June 03, 2010 07:06:09 PM

    WASHINGTON — Even as employers have resumed slowly hiring this year, a disturbing trend pulls in the opposite direction, as the number of Americans who've been jobless for half a year or more continues to reach new records.

    Throughout last year, when unemployment averaged 9.3 percent, the long-term jobless averaged 31.5 percent as a percentage of all unemployed.

    "The situation remains very dire in the labor market," said Heidi Shierholz, a labor economist with the Economic Policy Institute, a liberal research center that closely tracks employment data.

    The previous modern worst showing for long-term unemployment was in 1983, when, coming out of what was then the worst recession since the Great Depression, 23.7 percent of the jobless were long-term unemployed. After the 1991 recession, the long-term unemployed in 1992 were 20.2 percent of the jobless.

    As bad as 2009 was, better data skewed the 31.5 percent number early in the year. By December, the long-term unemployed were 39.8 percent of the jobless. That share crept up month by month to just below 46 percent in April.

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  • How Washington works

    The government/lobbying revolving-door system. It's win-win, unless you happen to be a member of the general public. (And of course it's not just the financial sector. BP alone has 27 former government staffers working for it as lobbyists.) --PG

    1,447 Former Government Workers Lobbying For Wall Street

    Source: Huffington Post

    Arthur Delaney
    arthur@huffingtonpost.com | HuffPost Reporting

    First Posted: 06-3-10 12:11 PM | Updated: 06-3-10 01:48 PM

    The financial services sector has hired 1,447 former government employees to do its bidding as lobbyists since the beginning of 2009, according to the latest report from the Center for Responsive Politics and Public Citizen.

    Seventy-three of those lobbyists are former members of Congress -- four former Senate and House Majority Leaders and 17 former members of Senate and House banking committees. Sixty-six financial sector lobbyists formerly worked as banking staffers and 82 worked for members still serving on those committees.

    What's to be done? Stop talking to colleagues who cash out, says Public Citizen's David Arkush.

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  • Step up the fight for BDS on Israel

    The courageous actions of the solidarity activists on the Gaza freedom flotilla and Israel's brutal and unjustifiable response, may mark a turning point in the struggle for Palestinian liberation. It's time to step up the fight for BDS (boycott, divestment and sanctions) against Israel. (Also see Seamus Milne's commentary in The Guardian.) --PG

    The day the world became Gaza

    Source: AlJazeera.net

    UPDATED ON:
    Thursday, June 03, 2010
    13:13 Mecca time, 10:13 GMT

    By Ali Abunimah

    Since Israel's invasion and massacre of over 1,400 people in Gaza 18 months ago, dubbed Operation Cast Lead, global civil society movements have stepped up their campaigns for justice and solidarity with Palestinians.

    Governments, by contrast, carried on with business as usual, maintaining a complicit silence.

    Israel's lethal attack on the Freedom Flotilla to Gaza may change that, spurring governments to follow the lead of their people and take unprecedented action to check Israel's growing lawlessness.

    Lip service

    One of the bitterest images from Operation Cast Lead was that of smiling European Union heads of government visiting Jerusalem and patting Ehud Olmert, the then Israeli prime minister, on the back as white phosphorus still seared the flesh of Palestinian children a few miles away.

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  • Further erosion of abortion rights

    Abortion rights will disappear in the U.S. unless we "rebuild a movement that demands the right to abortion--without apology."

    Abortion Foes Advance Cause at State Level

    Source: NY Times

    June 2, 2010

    By JOHN LELAND

    At least 11 states have passed laws this year regulating or restricting abortion, giving opponents of abortion what partisans on both sides of the issue say is an unusually high number of victories. In four additional states, bills have passed at least one house of the legislature.

    In a flurry of activity last week, Gov. Haley Barbour of Mississippi signed a bill barring insurers from covering abortion in the new insurance exchanges called for under the federal health care overhaul, and the Oklahoma Legislature overrode a veto by Gov. Brad Henry of a bill requiring doctors who perform abortions to answer 38 questions about each procedure, including the women’s reasons for ending their pregnancies.

    It was the third abortion measure this session on which the Legislature overrode a veto by Mr. Henry.

    At least 13 other states have introduced or passed similar legislation this year. The new laws range from an Arizona ban on coverage of abortion in the state employees’ health plan to a ban in Nebraska on all abortions after 20 weeks, on the grounds that the fetus at that stage can feel pain.

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  • U.S. mainstream media sides with Israel

    Surprise, surprise. --PG

    Reporting Israeli Assault Through Israel's Eyes

    Source: Fairness & Accuracy In Reporting

    Attack on humanitarian flotilla prompts little media skepticism

    6/1/10

    On May 31, the Israeli military attacked a flotilla of boats full of civilians attempting to deliver humanitarian supplies to the Gaza Strip. Reports indicate that at least nine and as many as 16 of the activists on board were killed, though details remain sketchy due to Israel's censorious limitations on media coverage. Much of the U.S. media coverage has been remarkably unskeptical of Israel's account of events and their context, and has paid little regard to international law.

    The New York Times (6/1/10) glossed over the facts of the devastating Israeli siege of Gaza, where 1.5 million people live in extreme poverty. As reporter Isabel Kershner wrote, "Despite sporadic rocket fire from the Palestinian territory against southern Israel, Israel says it allows enough basic supplies through border crossings to avoid any acute humanitarian crisis."

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  • Class struggle in Thailand

    Analysis from global justice activist Walden Bello. --PG

    The Battle for Thailand

    Source: Foreign Policy in Focus

    By Walden Bello, May 25, 2010

    Nearly a week after the event, Thailand is still stunned by the military assault on the Red Shirt encampment in the tourist center of the capital city of Bangkok on May 19. The Thai government is treating captured Red Shirt leaders and militants like they're from an occupied country. No doubt about it: A state of civil war exists in this country, and civil wars are never pretty.

    The last few weeks have hardened the Bangkok middle class in its view that the Red Shirts are "terrorists" in the pocket of ousted Prime Minister Thaksin Shinawatra. At the same time, they have convinced the lower classes that their electoral majority counts for nothing. "Pro-Thaksin" versus "Anti-Thaksin": This simplified discourse actually veils what is — to borrow Mao's words — a class war with Thai characteristics.

    Epic Tragedy

    No doubt there will be stories told about the eight weeks of the "Bangkok Commune." As in all epic tragedies, truth will be entangled with myth. But one thing will be clear: The government's decision to order the Thai military against civilian protesters can never be justified.

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  • Economic crisis sparks social unrest

    As Marx and Engels wrote in the Manifesto of the Communist Party: "It is enough to mention the commercial crises that by their periodical return put the existence of the entire bourgeois society on its trial, each time more threateningly. In these crises, a great part not only of the existing products, but also of the previously created productive forces, are periodically destroyed. In these crises, there breaks out an epidemic that, in all earlier epochs, would have seemed an absurdity — the epidemic of over-production. Society suddenly finds itself put back into a state of momentary barbarism; it appears as if a famine, a universal war of devastation, had cut off the supply of every means of subsistence; industry and commerce seem to be destroyed; and why? Because there is too much civilisation, too much means of subsistence, too much industry, too much commerce. The productive forces at the disposal of society no longer tend to further the development of the conditions of bourgeois property; on the contrary, they have become too powerful for these conditions, by which they are fettered, and so soon as they overcome these fetters, they bring disorder into the whole of bourgeois society, endanger the existence of bourgeois property." --PG

    Experts fear spread of social unrest as financial crisis continues

    Source: Deutsche Welle

    26.05.2010

    Experts are concerned that the continuing financial crisis and associated austerity measures could lead to global social unrest should conditions worsen and populations lose faith and patience in their governments.

    At the end of 2008, Secretary General of the United Nations Ban Kin-moon painted a grim picture of the future when he said that the financial crisis – which was just beginning to have a global impact – could lead to social unrest and political instability and could exacerbate many other problems facing humanity.

    The UN chief warned that "today's financial crisis will become tomorrow's human crisis" and that the shockwaves from the financial crash, if not handled properly, could "compound other major threats such as climate change, food insecurity and the terrible persistence of extreme poverty."

    A month later, Dominique Strauss-Kahn, the head of the International Monetary Fund (IMF), said that "social unrest may happen in many countries – including advanced economies" if governments failed to adequately respond to the financial crisis.

    Read more
  • Blacks excluded from Southern juries

    Welcome to post-racial America. --PG

    Study Finds Blacks Blocked From Southern Juries

    Source: NY Times

    June 1, 2010

    By SHAILA DEWAN

    In late April in a courthouse in Madison County, Ala., a prosecutor was asked to explain why he had struck 11 of 14 black potential jurors in a capital murder case.

    The district attorney, Robert Broussard, said one had seemed “arrogant” and “pretty vocal.” In another woman, he said he “detected hostility.”

    Mr. Broussard also questioned the “sophistication” of a former Army sergeant, a forklift operator with three years of college, a cafeteria manager, an assembly-line worker and a retired Department of Defense program analyst.

    The analyst, he said, “did not appear to be sophisticated to us in her questionnaire, in that she spelled Wal-Mart, as one of her previous employers, as Wal-marts.”

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  • Obama's imperial presidency

    Obama embraces his predecessor's doctrine that the President is not constrained by the Constitution. --PG

    Barack Obama’s Imperial Presidency

    Source: AlterNet

    Posted by Adele Stan at 8:02 am
    June 1, 2010

    If there’s any one axiom that Barack Obama has epitomized, it’s that nobody, it seems, willingly cedes back power to its rightful source — even when that power was acquired illegally.

    When the Democrats won the Congress in 2006, progressives demanded that Speaker Nancy Pelosi and Senate Majority Leader Harry Reid hold the Bush administration for its many sins, not least of them the seizure of power from both the legislative and judicial branches, with its use of illegal surveillance, its radical redefinition of the term “enemy combatant,” and its denial of civil liberties to whomever its leaders felt unworthy of such liberties — Constitution be damned.

    I sat in a meeting the new speaker convened with a group of bloggers in 2007, listening to Nancy Pelosi make her case for why the Congress’s energies would be better spent working on bread-and-butter issues, including health-care reform. The thinking seemed to be that once the Congress got some good stuff done, the problems of the Bush imperial presidency would disappear with the subsequent election of a Democrat.

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  • Careening towards a double-dip recession

    Spending cuts threaten to send the U.S. economy back into a slump. --PG

    Deficit hawks are killing the recovery

    Source: Christian Science Monitor

    Instead of standing up to deficit hawks, Democrats in Congress shrank the scope of a much needed jobs bill.

    By Robert Reich

    posted June 1, 2010 at 6:40 am EDT

    Consumer spending is 70 percent of the American economy, so if consumers can’t or won’t spend we’re back in the soup. Yet the government just reported that consumer spending stalled in April – the first month consumers didn’t up their spending since last September.

    Instead, consumers boosted their savings, probably because they’re worried about the slow pace of job growth (next Friday’s report will likely show gains, but the number will continue to be tiny compared to the overall ranks of the jobless), as well as a lackluster “recovery.” They’re also still carrying enormous debt burdens. One in four home owners is still underwater. And median wages are going nowhere.

    Read more
  • Eyewitnesses contradict Israeli propaganda

    The Israeli government claims, absurdly, that its forces opened fire on peace activists in self defense. Reports from the survivors are exposing the lies. --PG

    Released activists: Israelis opened fire before boarding flotilla

    Source: The Guardian

    First eyewitness accounts of raid contradict version put out by Israeli officials

    Dorian Jones in Istanbul and Helena Smith

    Tuesday 1 June 2010 14.12 BST

    Survivors of the Israeli assault on a flotilla carrying relief supplies to Gaza returned to Greece and Turkey today, giving the first eyewitness accounts of the raid in which at least 10 people died.

    Arriving at Istanbul's Ataturk airport with her one-year-old baby, Turkish activist Nilufer Cetin said Israeli troops opened fire before boarding the Turkish-flagged ferry Mavi Marmara, which was the scene of the worst clashes and all the fatalities. Israeli officials have said that the use of armed force began when its boarding party was attacked.

    "It was extremely bad and very tough clashes took place. The Mavi Marmara is filled with blood," said Cetin, whose husband is the Mavi Marmara's chief engineer.

    She told reporters that she and her child hid in the bathroom of their cabin during the confrontation. "The operation started immediately with firing. First it was warning shots, but when the Mavi Marmara wouldn't stop these warnings turned into an attack," she said.

    Read more
  • Tough job market for teens

    Another indication of the weakness of the current recovery. --PG

    Job Outlook for Teenagers Worsens

    Source: NY Times

    May 31, 2010

    By MICKEY MEECE

    This year is shaping up to be even worse than last for the millions of high school and college students looking for summer jobs.

    State and local governments, traditionally among the biggest seasonal employers, are knee-deep in budget woes, and the stimulus money that helped cushion some government job programs last summer is running out. Private employers are also reluctant to hire until the economy shows more solid signs of recovery.

    So expect fewer lifeguards on duty at public beaches this summer in California, fewer workers at some Massachusetts state parks and camping grounds and taller grass outside state buildings in Kentucky.

    Students seeking summer jobs, generally 16 to 24 years old, are at the end of the job line, behind the jobless baby boomers who are competing with new college graduates who, in turn, are trying to elbow out undergraduates and high school students.

    Read more
  • More on Israel's massacre of peace activists

    Salon.com's Glenn Greenwald has the best response I've seen so far to Israel's shocking slaughter of peace activists. --PG

    Israel attacks aid ship, kills at least 10 civilians

    Source: Salon.com

    Monday, May 31, 2010 05:32 ET

    By Glenn Greenwald

    (Updated below - Update II - Update III - Update IV - Update V - Update VI - Update VII)

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  • U.S. dominance in the Middle East eroding

    Let's hope that these geopolitical shifts begin to create space for the people of the region to start controlling their own societies. --PG

    U.S. hegemony in Middle East is ending

    Source: The Guardian

    Talk of a Middle East cold war is inaccurate – Russia and Turkey are simply capitalising on the region's new power vacuum

    Chris Phillips

    Monday 31 May 2010 10.01 BST

    A recent arms deal between Russia and Syria has raised the prospect of a new cold war in the Middle East. Foreign Policy's Josh Landis, for example, suggests that unconditional US support for Israel will draw Moscow back into its pre-1989 role as supporter and arms supplier for the enemies of Tel Aviv and Washington.

    Yet Russia's return to Syria, whether it be the sale of MiG-29s or building a naval dock on the Syrian coast, is not the action of a superpower challenging US hegemony as it was in 1945-89 but rather an assertive regional power taking advantage of the emerging power vacuum in the region. Instead of a new bi-polar cold war, regional powers such as Russia and Turkey are increasing their influence at the United States' expense.

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  • Looking for a few good communists

    Join Chris Hedges at Socialism 2010 if you're interested in signing up. (I will just add here that Hedges' comments on Marx are not accurate. On violence, Marx accepted the slogan of the Chartist movement of the 1840s: "peacefully if we may, forcefully if we must." And it's a myth that Marx worshiped the state. But come to Socialism 2010 for more on these questions too.) --PG

    This Country Needs a Few Good Communists

    Source: Truthdig

    Posted on May 31, 2010

    By Chris Hedges

    The witch hunts against communists in the United States were used to silence socialists, anarchists, pacifists and all those who defied the abuses of capitalism. Those “anti-Red” actions were devastating blows to the political health of the country. The communists spoke the language of class war. They understood that Wall Street, along with corporations such as British Petroleum, is the enemy. They offered a broad social vision which allowed even the non-communist left to employ a vocabulary that made sense of the destructive impulses of capitalism. But once the Communist Party, along with other radical movements, was eradicated as a social and political force, once the liberal class took government-imposed loyalty oaths and collaborated in the witch hunts for phantom communist agents, we were robbed of the ability to make sense of our struggle. We became fearful, timid and ineffectual. We lost our voice and became part of the corporate structure we should have been dismantling.

    Read more
  • Making the unemployed suffer

    For more on the weakness of the current recovery, and the problems with Keynesian as well as neoliberal responses, see Joel Geier's article in the latest ISR. --PG

    The Pain Caucus

    Source: NY Times

    May 30, 2010

    By PAUL KRUGMAN

    What’s the greatest threat to our still-fragile economic recovery? Dangers abound, of course. But what I currently find most ominous is the spread of a destructive idea: the view that now, less than a year into a weak recovery from the worst slump since World War II, is the time for policy makers to stop helping the jobless and start inflicting pain.

    When the financial crisis first struck, most of the world’s policy makers responded appropriately, cutting interest rates and allowing deficits to rise. And by doing the right thing, by applying the lessons learned from the 1930s, they managed to limit the damage: It was terrible, but it wasn’t a second Great Depression.

    Now, however, demands that governments switch from supporting their economies to punishing them have been proliferating in op-eds, speeches and reports from international organizations. Indeed, the idea that what depressed economies really need is even more suffering seems to be the new conventional wisdom, which John Kenneth Galbraith famously defined as “the ideas which are esteemed at any time for their acceptability.”

    Read more
  • Israel launches lethal attack on Gaza aid ships

    Horrifying and outrageous. Israel kills civilians with humanitarian aid in international waters. There will be a protest later today in NYC. --PG

    Israeli troops attack ship carrying aid to Gaza killing 16

    Source: Telegraph.co.uk

    Israeli commandoes have stormed a flotilla of ships carrying activists and aid supplies to the blockaded Palestinian enclave of Gaza, killing as many as 16 of those on board.

    By Richard Spencer, Middle East Correspondent and Matthew Kalman in Jerusalem

    Published: 7:48AM BST 31 May 2010

    Fighting broke out between the activists and the masked Israeli troops, who rappelled on to deck from helicopters before dawn.

    A spokeswoman for the flotilla, Greta Berlin, said she had been told ten people had been killed and dozens wounded, accusing Israeli troops of indiscriminately shooting at "unarmed civilians". But an Israeli radio station said that between 14 and 16 were dead in a continuing operation.

    "How could the Israeli military attack civilians like this?" Ms Berlin said. "Do they think that because they can attack Palestinians indiscriminately they can attack anyone?

    "We have two other boats. This is not going to stop us."

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