Posted By:  zephyr Posted On:  Nov 17, 2008	Barack Obama's historic victory (1)
By RICHARD FALK* The historic victory by Barack Obama is the first truly global election that has been celebrated by people around the world as if they had been voting participants. The re-election of George W. Bush in 2004 was also a national election with global reverberations, but it...... [view]

Posted By:  zephyr Posted On:  Nov 16, 2008	The Washington meeting
Reflections by comrade Fidel: According to recent statements, some supportive governments do not cease to say they want to facilitate transition in Cuba. What kind of transition? Transition to capitalism, the only system they have absolute faith in. They do not say a word about the merits...... [view]

Posted By:  zephyr Posted On:  Nov 1, 2008	The Worst Variant
Reflections of Fidel: TODAY I read that the U.S. Federal Reserve had opened a new line of credit for the central banks of Mexico, Brazil, South Korea and Singapore. The same report claimed that similar credits have been issued to the central banks of Australia, Canada, Denmark, the...... [view]

Posted By:  zephyr Posted On:  Oct 31, 2008	Economic illiteracy
Reflections of Fidel: IN Zulia, Chavez made reference to “comrade Sarkozy,” and did so with a certain irony but he meant no offense. On the contrary, he was rather recognizing the sincerity of the president when he spoke in Beijing in his capacity as chairman of the European Community....... [view]

Posted By:  zephyr Posted On:  Oct 29, 2008	Capitalism under attack?
By The Nassau Institute: Originally known as economic individualism, The Routledge Dictionary of Economics (2000) informs us that Capitalism is: 1. A socioeconomic system of production using roundabout methods of production (Roundabout method of production is - A method of production...... [view]

Posted By:  zephyr Posted On:  Oct 19, 2008	THE LAW OF THE JUNGLE
Reflections of Fidel: Trade, within a society and among countries, is the exchange of goods and services produced by human beings. The owners of the means of production appropriate the profits. As a class, they are the leaders of the capitalist state and they boast of fostering development...... [view]

Posted By:  zephyr Posted On:  Oct 14, 2008	The White House ghost
Reflections of Fidel: THREE days ago, on Friday October 10, the world was shocked by the impact of the Wall Street financial crisis. There is no way to count the millions of dollars in paper money injected by the Federal Reserve into the world’s finances to keep up banking operations and...... [view]

Posted By:  zephyr Posted On:  Oct 13, 2008	From crisis to panic
By ASIM ERDİLEK: It is no longer just a global financial crisis waiting to be ended by government rescue plans of this sort and that sort, here and there. What we now have is a full-blown global financial panic, seemingly impervious to plans of any sort, which last week caused a brutal...... [view]

Posted By:  zephyr Posted On:  Oct 6, 2008	Rescuing the rescue plan
By ASIM ERDİLEK: What a turbulent and dramatic week it was for the US and the global economies, with sudden political uncertainty about the fate of the bailout plan on top of the worsening financial crisis! The rescue plan had to be rescued itself with political scrambling and...... [view]

Posted By:  zephyr Posted On:  Oct 5, 2008	Will capitalism collapse?
By ATİLLA YAYLA: The crisis in the financial markets and financial institutions that has affected the US and the UK and has the potential to slowly spread from these countries to other countries throughout the world has given the circles that hate the monster known as capitalism the chance...... [view]

Posted By:  zephyr Posted On:  Oct 1, 2008	Bailout Blues
By Joseph E. Stiglitz: It doesn’t take a genius to figure out that the United States’ financial system – indeed, global finance – is in a mess. And now, with the US House of Representatives having rejected the Bush administration’s proposed $700 billion bailout plan, it is also...... [view]