Clear proof of the decline of the global profit system is the agonizing poverty and conflict in today’s Africa. With the worldwide economic crisis, competition is intensifying between big capitalists engaged in frenzied buying of…
Category: Global Issues
After the tears have dried and the cries of outrage fallen silent, we may begin to recognise that the cinematic qualities of the Utoya Massacre were drawn from trashy horror flicks. It is a recurring…
Government officials from the US and North Korea held talks from July 28 to July 29 in New York City. But these were not the only talks in which Americans and North Koreas were involved….
Global Research Editor’s Note The following article focusses on the Protest movement in Syria in mid-July. it does not cover recent events. It nonetheless suggests that mainstream media sources are systematically manipulating the relevant numbers…
Listen to Michel Chossudovsky’s interview on Bonnie Faulkner’s Guns and Butter, Pacifica (KPFA): AUDIO “America’s Fiscal Collapse – Obama’s Budget Will Impoverish America” March 2009 “We will rebuild, we will recover, and the United States…
The even sadder part is that as Obama’s ineffectual election shows, the US (and its Western lackeys) is being driven further and further into bankrupting, criminal wars of aggression that will cause more victims of violence and social mayhem at home and abroad. And it’s all because democracy in the US (and elsewhere in the West) is non-existent. The US is a dictatorship. And Mr Obama is too ineffectual (save for the masters) and irrelevant to be even loosely called its dictator.
The answer is obvious when one looks at why this fail-safe check was introduced in almost every country of the world. Throughout modern history, war has been the major cause of a rising national debt. Most governments operate in fiscal balance during peacetime, financing their spending and investment by levying taxes and charging user fees. War emergencies push this balance into deficit – sometimes for defensive wars, sometimes for aggression.
“The reason we have a Department of Defense is to break things and kill people. The problem we have now is that so much of the money is not going to the people who are…
Is Obama’s debt ceiling agreement the worst deal in US history? Probably. But not for the reasons that are presently being discussed in the media. What makes the deal such an unmitigated disaster is that…
I suggested in CounterPunch several weeks ago that Barack Obama, an awful president, would make a better king, since he’s good at making vacuous speeches and presenting an uplifting image to the world. But since…