James Petras

Introduction

The economic, political and social outlook for 2012 is profoundly negative. The almost universal consensus, even among mainstream orthodox economists is pessimistic regarding the world economy. Although, even here, their predictions understate the scope and depth of the crises, there are powerful reasons to believe that beginning in 2012, we are heading toward a steeper decline than what was experienced during the Great Recession of 2008 – 2009. With fewer resources, greater debt and increasing popular resistance to shouldering the burden of saving the capitalist system, the governments cannot bail out the system.

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James Petras

After nearly 3 years in deep pursuit of the colonial wars initiated by ex-President Bush, the Obama regime has finally recognized the catastrophic domestic and foreign consequences. As a result the “reality principle” has taken hold; the maintenance of the US Empire requires modification of tactics and strategies, to cut political, military and diplomatic losses[1].

In response to major military and political losses as well as new opportunity, the White House is fashioning a new doctrine of imperial conquest based on intensified aerial warfare, greater extra-territorial intervention, and, when circumstances allow, alliances with collaborators. This includes the arming and financial backing of retrograde despotic regimes in the Gulf city-states, fundamentalists, opportunist defectors, mercenaries , academic exiles gangsters and other rabble willing to serve the empire for a price.

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James Petras

In May 2011, Mexican investigators uncovered another mass clandestine grave with dozens of mutilated corpses; bringing the total number of victims to 40,000 killed since 2006 when the Calderon regime announced its “war on drug traffickers”. Backed by advisers, agents and arms, the White House has been the principal promotor of a ‘war’ that has totally decimated Mexico’s society and economy.

If Washington has been the driving force for the regime’s war, Wall Street banks have been the main instruments ensuring the profits of the drug cartels. Every major US bank has been deeply involved in laundering hundreds of billions of dollars in drug profits, for the better part of the past decade.

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James Petras

The US bombing of Libya in support of rebel clients in the spring of 2011 is part and parcel of a sustained policy of military intervention in Africa since at least the mid 1950’s.

According to a US Congressional Research Service Study[1] published in November 2010, Washington has dispatched anywhere between hundreds and several thousand combat troops, dozens of fighter planes and warships to buttress client dictatorships or to unseat adversarial regimes in dozens of countries, almost on a yearly bases. The record shows the US armed forces intervened 46 times prior to the current Libyan wars[2]. The countries suffering one or more US military intervention include the Congo, Zaine, Libya, Chad, Sierra Leone, Somalia, Ruanda, Liberia, Central African Republic, Gabon, Guinea-Bissau, Kenya, Tanzania, Sudan, Ivory Coast, Ethiopia, Djibouti and Eritrea. The only progressive intervention was in Egypt under Eisenhower who forced the Israeli-French-English forces to withdraw from the Suez in 1956. Between the mid 1950’s to the end of the 1970’s, only 4 overt military operations were recorded, though large scale proxy and clandestine military operations were pervasive. Under Reagan-Bush Sr. (1980-1991) military intervention accelerated, rising to 8, not counting the large scale clandestine ‘special forces’ and proxy wars in Southern Africa.

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