Category: IMF/WTO

: Whither Asia’s Economies?

  Throughout the 1950s, 1960s, and early 1970s big business made the mistake of letting the U.S. government assume the major responsibility for bending Southeast Asia to capitalism’s will. Because of the incredible heroism and determination of the Vietnamese people, supported by the moral indignation expressed by an ever-increasing number of Americans, the effort was Read more…

James Petras: The Asian Crises and U.S. Hegemony

  A framework for understanding of the rise and demise of Asian capitalism requires a look at the larger historical context and the role of imperial politics. The "Asian Tigers" grew in the context of the cold and hot wars in Asia between 1945-1990. Washington sought to showcase the advantages of capitalism over communism and Read more…

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Noam Chomsky: Market Democracy in a Neoliberal Order: Doctrines and Reality

Noam Chomsky   I have been asked to speak on some aspect of academic or human freedom, an invitation that offers many choices. I will keep to some simple ones. Freedom without opportunity is a devil’s gift, and the refusal to provide such opportunities is criminal. The fate of the more vulnerable offers a sharp Read more…

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Edward Herman: The Economics of the Rich

S. Herman   Back in 1849, the British economist Nassau Senior chided those defending trade unions and minimum wage regulations for expounding an "economics of the poor." The idea that he and his establishment confreres were putting forth an "economics of the rich" never occurred to him; he thought of himself as a scientist and Read more…

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Noam Chomsky: The Passion for Free Markets

  For more than half a century, the United Nations has been the main forum for the United States to try to create a world in its image, maneuvering with its allies to forge global accords about human rights, nuclear tests or the environment that Washington insisted would mirror its own values." So runs postwar Read more…

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