Global News and Analysis

Source: Counterpunch

Sitting in his presidential palace in 1991, Iraq’s President Saddam Hussein and his Culture Minister Hamad Hammadi drafted a letter to Mikhail Gorbachev, President of the Union of Soviet Socialist Republics (U.S.S.R.). Hussein and Hammadi hoped that the U.S.S.R. would help save Iraq from the West’s barrage. Hammadi, who understood the shifts in world affairs, told Hussein that the war was not intended “only to destroy Iraq, but to eliminate the role of the Soviet Union so the United States can control the fate of all humanity”. Indeed, after the 1991 Gulf War, the U.S.S.R. fell apart and the United States emerged as the singular superpower. The age of U.S. unipolarity had dawned. read more

Source: Truthout

CJ Polychroniou: Barack Obama was elected in 2008 as president of the United States in a wave of optimism, but at a time when the country was in the full grip of the financial crisis brought about, according to Obama himself, by “the reckless behavior of a lot of financial institutions around the world” and “the folks on Wall Street.” Obama’s rise to power has been well documented, including the funding of his Illinois political career by the well-known Chicago real estate developer and power peddler Tony Rezko, but the legacy of his presidency has yet to be written. First, in your view, did Obama rescue the US economy from a meltdown, and, second, did he initiate policies to ensure that “reckless financial behavior” would be kept at bay? read more

Source: The Guardian Unlimited

IMF economists have published a remarkable paper admitting that the ideology was oversold

What does it look like when an ideology dies? As with most things, fiction can be the best guide. In Red Plenty, his magnificent novel-cum-history of the Soviet Union, Francis Spufford charts how the communist dream of building a better, fairer society fell apart.

Even while they censored their citizens’ very thoughts, the communists dreamed big. Spufford’s hero is Leonid Kantorovich, the only Soviet ever to win a Nobel prize for economics. Rattling along on the Moscow metro, he fantasises about what plenty will bring to his impoverished fellow commuters: “The women’s clothes all turning to quilted silk, the military uniforms melting into tailored grey and silver: and faces, faces the length of the car, relaxing, losing the worry lines and the hungry looks and all the assorted toothmarks of necessity.” read more

Source: Jacobin

The response to the Brazilian coup shows that the BRICS powers are not a real alternative to US imperialism.

On May 12, Brazil’s democratic government, led by the Workers’ Party (PT), was the victim of a coup. What will the other BRICS countries (Russia, India, China, and South Africa) do?

Will they stand by as the reactionaries who took power in Brasilia pivot closer to Western powers, glad to warm Dilma Rousseff’s seat at the BRICS summit in Goa, India in five months’ time?

Here in South Africa, few expect Jacob Zuma’s African National Congress (ANC) government to react constructively on the international stage. Making waves isn’t likely at a time when Standard & Poors and Fitch are on a South Africa visit, deciding whether to downgrade the country’s credit rating to “junk” status, as happened in Brazil late last year. read more

Source: The Nation

During the past academic year, an upsurge of student activism, a movement of millennials, has swept campuses across the country and attracted the attention of the media. From coast to coast, from the Ivy League to state universities to small liberal arts colleges, a wave of student activism has focused on stopping climate change, promoting a living wage, fighting mass-incarceration practices, supporting immigrant rights, and, of course, campaigning for Bernie Sanders.

Both the media and the schools that have been the targets of some of these protests have seized upon certain aspects of the upsurge for criticism or praise, while ignoring others. Commentators, pundits, and reporters have frequently trivialized and mocked the passion of the students and the ways in which it has been directed, even as universities have tried to appropriate it by promoting what some have called “neoliberal multiculturalism.” Think of this as a way, in particular, of taming the power of the present demands for racial justice and absorbing them into an increasingly market-oriented system of higher education. read more

Source: The Intercept

Brazil today awoke to stunning news of secret, genuinely shocking conversations involving a key minister in Brazil’s newly installed government, which shine a bright light on the actual motives and participants driving the impeachment of the country’s democratically elected president, Dilma Rousseff. The transcripts were published by the country’s largest newspaper, Folha de São Paulo, and reveal secret conversations that took place in March, just weeks before the impeachment vote in the lower house was held. They show explicit plotting between the new planning minister (then-senator), Romero Jucá, and former oil executive Sergio Machado — both of whom are formal targets of the “Car Wash” corruption investigation — as they agree that removing Dilma is the only means for ending the corruption investigation. The conversations also include discussions of the important role played in Dilma’s removal by the most powerful national institutions, including — most importantly — Brazil’s military leaders. read more