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As everyone doubtless knows, President Trump gave the pot a hefty stirring in Warsaw, Poland prior to attending the G20 summit. His message was well-received by immediate listeners but aroused a Sturm und Drang and a half from the usual Western media suspects who couldn’t be more predictable if they tried. First of all, the... Read More
Gay Pride Parade in Vietnam.  Credit: VietPride
I last saw Vietnam in 2001. Back then, Saigon had no American fast food joints save a Kentucky Fried Chicken. Long-term foreign residents were few, and mostly confined to the Phạm Ngũ Lão area. There were no foreign stars in the just-established professional soccer league. Now in Saigon, there are 20 KFCs, eight Burger Kings... Read More
SHARMINI PERIES, EXEC. PRODUCER, TRNN: Welcome to The Real News Network. I’m Sharmini Peries coming to you from Baltimore. The Senate just approved the fast-track legislation in Washington, and with me to discuss this is Michael Hudson. He’s joining me from New York City. Michael is a distinguished research professor of economics at the University... Read More
When did early Europeans acquire their palette of eye colors? And their palette of hair colors? That question may soon be answered with retrieval of ancient DNA. (source: Dipoar) As the new year begins, I’m particularly interested in the following topics. When did Europeans begin to look European? It seems that this evolution took place... Read More
Latin America, Europe and Asia
Introduction: The principle axis of the class struggle are found in Latin America, Europe and Asia, each following its own trajectory. Latin America 1. Globalization was in large part a product of neo-liberalism harnessing information technology and the ascendancy of financial capital. Neo-liberalism’s two foundations are de-regulation of capital and privatization of public enterprises. 2.... Read More
Introduction: An examination of the social science scholarship over the past 60 years reveals few, if any, publications discussing ‘the class struggle’ in anything but theoretical expositions. Numerous books and professional articles have been written about ‘class’ – inequalities, culture, internal differentiation (gender, ethnicity etc.). Labor specialists have discussed strikes, protests and collective bargaining. Few... Read More
The Greek government's debt became unmanageable after autumn 2008, but the EU didn’t respond until over a year and a half later. (source) In the post-national Greece that developed after 1974, the clear winners were the middle class. Thanks to the strong purchasing power of other European currencies, and later the Euro, they could travel... Read More
The Colonels ruled Greece from 1967 to 1974. They tried to turn back the clock without knowing how a clock works (source). In Greece, nation-building revolutionized social relations. It created a much larger web of reciprocal relationships among people who were not close kin and who often never met each other. This new environment was... Read More
Is Japan dying? (Source: PBT Consulting) Today, East Asia is widely acclaimed for decade upon decade of economic success. Yet this success rests on a very fragile foundation—an aging population with the world’s lowest fertility. This situation is viewed with surprising indifference by East Asians and Westerners alike. As with so many other things, we... Read More
McDonald’s in Taipei. By the 1990s, Taiwan had already become a “post-nation” (source) East Asia has long been bucking the trend toward globalization. Its countries have become major players in the global marketplace, while jealously guarding their cultural specificity and national character. But East Asia is now getting with the program. South Korea in particular... Read More
Child making Nike shoes (source). Western business now has access to labor under conditions not seen since the days of Charles Dickens. My predictions from last year: It won’t be such a bad year. Stock markets will reach record highs and pundits will say we’ve entered a sustained boom. For many people, life will never... Read More
and Keep Its Economic Surplus for Itself
CDES Conference, Brasilia, September 17, 2010 I would like to place this seminar’s topic, ‘Global Governance,’in the context of global control, which is what ‘governance’ is mainly about. The word (from Latin gubernari, cognate to the Greek root kyber) means ‘steering’. The question is, toward what goal is the world economy steering? That obviously depends... Read More
A lot of superficial books and articles have been written about ”globalization”, ”global corporations” and ”empire” without the least notion of the real structure of power. An analysis of a recent survey by the Financial Times (supplement May 10, 2002) of the 500 largest companies in the world based on value, country and sector puts... Read More
Globalization at a minimum involves the creation of a world economy that is not merely the sum of its national economies, but rather a powerful independent reality, created by the international division of labor and the world market which, in the present epoch, predominates over national markets. Large scale, longterm flows of capital, commodities, technology... Read More
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PastClassics
The evidence is clear — but often ignored
The unspoken statistical reality of urban crime over the last quarter century.
The “war hero” candidate buried information about POWs left behind in Vietnam.
The major media overlooked Communist spies and Madoff’s fraud. What are they missing today?
What Was John McCain's True Wartime Record in Vietnam?