A Doomsday View of 2012
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.
PermalinkThis Beat Down is for Your Health - the Money Party Must Stop Occupy Movements
By Michael Collins
"The problems we are facing were not created by us, but we deign to shed light on them and so we are blamed for them. The truth is, every person at our protest is there because the system is broken." Samuel Rutledge, Open Newswire, Portland Indymedia
The fascist financiers of the Money Party are growing restless. Occupy Wall Street began with a call to action from the activist online group Anonymous in August. It was barely featured in the mainstream or alternate media. Instead of a small crowd that could easily be ignored then disbursed, fifty thousand citizens showed up at the headquarters for the world financial system, Wall Street. Despite the best efforts of Mayor Bloomberg and NYPD, the Occupy Wall Street continues. The message went out to the country and the world. Now, there are over 100 occupy events in Oakland, Kansas City, Washington, DC, and elsewhere. (Image: K. Kendall)
Occupy Portland began on October 6, 2011. It has maintained a steady presence in downtown Portland, a major West Coast center of commerce. The participants refuse to leave until the government addresses their grievances. Police scare tactics, planted provocateurs, and the elements are no barrier.
Argentina: Why President Fernandez Wins and Obama Loses
James Petras
Introduction
On October 23rd of this year, President Cristina Fernandez won re-election receiving 54% of the vote, 37 percentage points higher than her nearest opponent. The President’s coalition also swept the Congressional, Senatorial, Gubernatorial elections as well as 135 of the 136 municipal councils of Greater Buenos Aires. In sharp contrast President Obama, according to recent polls is trailing leading Republican Presidential candidates and is likely to lose control of both houses of Congress in the upcoming 2012 election. What accounts for the monumental difference in voter preferences of incumbent presidents? A comparative historical discussion of socio-economic and foreign policies as well as responses to profound economic crises is at the center of any explanation of the divergent results.
Occupy Wall Street protesters sue New York City
By Rady Ananda
After the New York Police Dept. arrested over 700 protesters on the Brooklyn Bridge last Saturday, six of those arrested filed a class action lawsuit on Oct. 4, alleging constitutional violations for intentional entrapment and false arrest.
“The NYPD engaged in a premeditated, planned, scripted and calculated effort to sweep the streets of protesters and disrupt a growing protest movement in New York,” plaintiffs charged in the complaint.
XML Feeds