James Petras

The deepening economic crises in Europe and the United States are provoking contrasting socio-political responses from the working and middle classes. In Europe, especially among the Mediterranean countries (Greece, Spain, Portugal and Italy) unemployed youth, workers and lower middle class public employees have organized a series of general strikes, occupations of public plazas and other forms of direct action. At the same time, the middle class, private-sector employees and small business people have turned to the “hard right” and elected, or are on the verge of electing, reactionary prime ministers in Portugal, Spain, Greece and perhaps even in Italy. In other words, the deepening crises has polarized Southern Europe: strengthening the institutional power of the hard right while increasing the strength of the extra-parliamentary left in mobilizing ‘street power’.

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By Rady Ananda

Review of: The Global Economic Crisis: The Great Depression of the XXI Century
Editors, Michel Chossudovsky and Andrew Gavin Marshall
Publisher: Global Research, 2010 (391 pp)

There’s a certain irony to my reading this book while waiting at the Food Stamp office. I’m part of an increasing number suffering under the New World Order’s systematic destruction of the planet’s middle classes so as to concentrate wealth in the hands of fewer and fewer families. While global uprisings now threaten global governance under a single currency, scheming rulers have long anticipated this reaction. In The Global Economic Crisis, we learn exactly how a planet-wide military dictatorship plans to enforce its feudal vision.

Neatly organized into five sections comprising 20 essays by fifteen different authors, Global Economic Crisis carefully ties militarization with the planned economic meltdown. Client states and the U.S. itself have openly and sometimes secretly developed the legal framework for martial law. Testifying before a US Senate committee on Intelligence in early 2009, Obama’s Director of National Intelligence, Dennis Blair, warned that civil unrest owing to the economic collapse posed a greater threat than Arab terrorism. One of the book’s essayists, Bill Van Auken, points out that this is the first time in several years that Al Qaeda did not top the list of threats to national security.

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By Numerian posted by Michael Collins

The forces of globalization are increasingly and in surprising places and ways under attack. Globalization did not happen by accident; it was the result of policies put in place by people with a particular agenda.

Matt Stoller, a former policy advisor to Rep. Alan Grayson, has posted this morning his insights into the Egyptian Revolution – insights that are quite different from the usual take on these events. They can be found here at the Naked Capitalism blog managed by Yves Smith.

Stoller dismisses the fanciful praise of social networks as a driving force behind the revolution – a story the mainstream media are plugging rigorously. He focuses instead on the participation of young men and women who labor anonymously in the new cheap-labor factory mills set up in Egypt under the direction of Gamal Mubarak, the president’s son and anointed successor. These are the workers who organized the first protests – who responded at great risk to the call for demonstrations, who continued to occupy Tahrir Square despite the provocations from the government, and whose focus on civil liberties was motivated by the repressive police tactics used by the government to enforce the discipline demanded by the mostly-foreign corporations that run the labor mills.

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