A Letter to Brazil, from a Friend Living Under Duterte

Source: Foreign Policy in Focus

This commentary is a joint publication of Foreign Policy In Focus and TheNation.com.

Dear friends:

I’m writing to you on the eve of your going to the polls to determine the future of your wonderful country.

I think it’s no exaggeration to say that the fate of Brazil hangs in the balance. It’s also hardly a hyperbole to assert that the election will have a massive geopolitical significance, since if Brazil votes for Jair Bolsonaro, the extreme right will have come to power in the western hemisphere’s two biggest countries. Like many of you, I’m hoping for a miracle that will prevent Bolsonaro from coming to power. read more

Crisis After Crisis: 10 Years After the Crash, There’s No ‘Reforming’ Global Capitalism

In critical areas where major economic reform is needed, few to no measures have been taken to prevent a recurrence of 2007. The next big implosion may be just around the corner. The way forward will be largely determined by the outcome of a political struggle between two post-globalization camps. One would not be too far off in characterizing this confrontation as between fascism and democratic socialism.

No Picture

China’s Bigger Economic Threat

Source: The Nation

Conventional wisdom holds that China is on the ascent and the United States is in decline, that China’s economy is roaring with raw energy and that Beijing’s “Belt and Road” mega-project of infrastructure building in Central, South, and Southeast Asia is laying the basis for its global economic hegemony.

Some question whether Beijing’s ambitions are sustainable. Inequality in China is approaching that in the United States, which portends rising domestic discontent, while China’s grave environmental problems may pose inexorable limits to its economic expansion. read more