Lessons from the Humbling of General Motors

by Sam Gindin from The Bullet, Socialist Project [Canada], 6/26/2009

Of all 20th century industries, it was the auto sector that best captured the sway of capitalism and the rise of American dominance. The assembly line showed off capitalism’s remarkable productive potential and the automobile flaunted capitalism’s consumerist possibilities.

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How a Loophole Benefits General Electric in Bank Rescue

by Jeff Gerth & Brady Dennis from ProPublica, 6/28/2009

WASHINGTON – General Electric, the world's largest industrial company, has quietly become the biggest beneficiary of one of the government's key rescue programs for banks.

At the same time, GE has avoided many of the restrictions facing other financial giants getting help from the government.

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People for Sale in a Hungry World

by Ramzy Baroud from ZNet, 6/29/2009

One might be tempted to dismiss the recent findings of the US State Department on human trafficking as largely political. But do not be too hasty.

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Obama Retirement Plan Falls Short

by Monique Morrissey from Economic Policy Institute, 6/26/2009

Tucked into the blueprint for financial regulatory reform[1] released last week is an outline of the president’s proposals for strengthening retirement plans and encouraging retirement savings.

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The Global Food Price Crisis: A Critique of Orthodox Perspectives

Walden Bello from Pambazuka News, 6/25/2009

Perhaps the most influential orthodox view on the causes, dynamics, and solution to the food price crisis was provided by Oxford University economist Paul Collier in an article that came out in Foreign Affairs[1] Collier, author of the controversial The Bottom Billion[2], asserted that the food price crisis stemmed from the increased demand for food in Asia, brought on by prosperity

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The World Financial Meltdown: What Now for African Women?

by Hilary N. Ervin and Caroline Muthoni Muriithi from Pambazuka News, 6/25/2009

Today the global community faces widespread economic turmoil, which has implications of considerable scope for the inclusion and promotion of human rights in general and women's rights in particular. In 2007-2008, many African countries enjoyed relative economic growth and increased investor confidence like never before.

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Mr Smith, Dr Marx

by Eric Toussaint from Comité pour l’annulation de la dette du Tiers Monde, 6/12/2009

In the following citations, we discover that what Adam Smith wrote in the 1770s is not so distant from what Karl Marx and Friedrich Engels would write 70 years later in the famous Communist Manifesto.

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The Left and the Crisis: Two Views from Britain

by John Derbyshire from New Statesman, 6/18/2009

How the left lost its language

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Risks Battle Rewards as Iraq Opens Up Its Oilfields

by Ahmed Rasheed from Reuters, 6/25/2009

BAGHDAD (Reuters) – For the first time since the U.S. invasion to topple Saddam Hussein, global oil firms will have a run at Iraq's vast oil resources when Baghdad auctions off contracts in its biggest fields this month.

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Interview: Age-Old Wisdom for the New Economy

by Sarah van Gelder from Yes!, Summer 2009

Indigenous peoples have known hard times. There are signs of drought, crop failure, and forced migration over the millennia, and of course these peoples survived centuries of colonialism. When we were looking for some wisdom on building a new economy, I immediately thought of Rebecca Adamson.

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Touring Empire's Ruins: From Detroit to the Amazon

by Greg Grandin from TomDispatch.com, 6/23/2009

The empire ends with a pull out. Not, as many supposed a few years ago, from Iraq. There, as well as in Afghanistan, we are mulishly staying the course, come what may, trapped in the biggest of all the "too-big-to-fail" boondoggles. But from Detroit.

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Feelbad Britain and the Future of the Left

by Pat Devine and David Purdy from Red Pepper [UK], July 2009

As we ponder the shape of post-crash politics, we should not lose sight of the wider aspects of the crisis besetting neoliberal capitalism, nowhere more evident than in Britain.

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Serving the Medical-Industrial Complex

by Robert Parry from Consortium News, 6/22/2009

The usual knock on government programs is that they’re not as efficient as the private sector, which we’re told can provide the same product for less money and with higher quality. Thus, it should be no big deal when the public and private collide because the private sector should prevail.

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Africa: EU Negotiations Endanger Regional Economic Groups

by Tetteh Hormeku from African Trade Agenda, May 2009

Pressures in the negotiations for the Economic Partnership Agreements
(EPAs) with the European Union have, over the past two weeks, pushed two
more regional economic groupings in Africa to the brink of
disintegration. This adds to the two other regions which have already
been under stress since the beginning of 2008.

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Miguel D’Escoto on the Crisis

6/20/2009

Address of H.E. Miguel D'Escoto Brockmann, President of the United Nations General Assembly to the Civil Society Event of People's Voices on the Crisis, Church of the Holy Trinity, New York City

Dear Friends,
Representatives of Non-Governmental Organizations and Civil Society Networks,
Brothers and Sisters All,

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