ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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From Little Rock to Wall Street-Clinton s Journey Beyond Reaganism

Clinton's Journey Beyond Reaganism James Petras Steve Vieux By initiating anti-poor labour laws, anti-black crime reforms and deducting healthcare expenditure to win over big business, the Clinton administration has staged one-upmanship over the Reagan-Bush era in pursuing 'right' policies.

Nature of Capitalist Transformation-Continuing Relevance of Marxism

Continuing Relevance of Marxism James Petras Chronis Polychroniou Since the collapse of Soviet-style planned economies in central and eastern Europe and the disintegration of the former USSR, Marxism has been dismissed by intellectuals of all political stripes as a potentially relevant force. This is profoundly mistaken, for the collapse of bureaucratic collectivism vindicates Marxism in theory and political practice. This paper highlights the relevance of Marxism in understanding the fall of state socialism and the deep structural dynamics and contradictions of contemporary capitalism.

Latin American Liberalisation and US Global Strategy

and US Global Strategy James Petras Todd Cavaluzzi Liberalisation is not merely a 'development strategy' elaborated to facilitate Latin American integration into the world market Nor is it an inevitable product of some immanent 'globalisation process'. Rather liberalisation is a product of US economic policy-makers, bankers and multinational corporations allied with Latin American transnational capitalists. It is specific class and state interests (not world system imperatives) that dictate the new liberal political economy. In this sense reversing liberalisation must begin at the national level within the class structure and move upward and outward.

The 1994 US Democratic Debacle-Conservative Elections Mandate

The Democratic debacle in the recent Congressional elections could be a prelude to the demise of both parties. Voter anger will not be appeased however by the current shift.

Cultural Imperialism in Late 20th Century

Cultural liberation involves not merely empowering individuals or classes, but is dependent on the development of a socio-political force capable of confronting the state terror that precedes cultural conquest Most importantly, the Left must recreate a faith and a vision of a new society built around spiritual as well as material values.

Russia Transition to Underdevelopment

Russia: Transition to Underdevelopment James Petras Steve Vieux During the early Gorbachev years (1985-87) there was considerable debate over the alternatives of democratising the planning process and public enterprises and the privatisation of public property and 'market reform'. The fateful decision to turn (may from democratic reform of socialism in favour of capitalist restoration is at the root of the contemporary Russian tragedy.

Wall Street Populism

estimate puts it above Rs 10,000 crore. It is no insignificant loss for a poor country like India. 'Rita Services drew up a tentative estimate of the total loss due to the January riots. According to this estimate, the loss of gross value of output of goods and services comes to Rs 1,250 crore; the loss of trading business Rs 1,000 crore, the loss of exports Rs 2,000 crore, the loss of tax revenue for the government Rs 150 crore and loss of properties worth about Rs 4,000 crore. Thus according to this estimate the total losses come nearly to Rs 9,000 crore. Also, add to this the compensation, etc, the government will have to pay to the riot victims and destruction of their properties. It would be a staggering sum.

THAILAND-Free Markets, AIDS and Child Prostitution

Prostitution Without the sex-tourist industry, the leading sector of Thailand's economy in terms of number of persons employed and profits generated, there would be no Thai economic miracle. The social costs of this World Bank-supported pattern of development

President Bush s Farewell with Arms

James Petras Chronis Polychroniou Bill Clinton's appointments to key cabinet posts and those immediately below are all oriented towards global policies and the indications are that the pursuit of 'American leadership' for global hegemony will define the limits and ultimately the failure of the Clinton administration's effort to reconstruct America.

Cuban Revolution Premature Epitaph

Epitaph James Petras AFTER a recent visit to Cuba involving interviews and discussions with researchers, academics, regime critics and cabinet ministers, as well as observations and informal conversations with people in the street, the prediction of an imminent collapse of Cuban socialism emanating from Miami and Washington arc, to say the least, premature. Cuba is not about to follow in the footsteps of eastern Europe and Russia. Cuban communism is not threatened by a popular revolution or a military coup.

Latin America Poverty of Democracy and Democracy of Poverty

Democracy of Poverty James Petras Morris Morley The divergent outcomes resulting from the crises in eastern Europe and Latin America are not the result of the demise of economic systems or the superiority of one system over the other but have more to do with the willingness and capacity of the US to reshuffle political regimes while retaining strategic ties to the underlying authoritarian states and economic elite structures. At the same time Latin America's coercive structures have also exhibited a capacity to hold on to power during periods of transition thus guaranteeing the continuity of the social system against democratic social movements and mass popular upheavals.

Gulf War and the New World Order

James Petras The US war in the Gulf is, in its broadest contours, an effort by the US to define a new military-centred global order in which markets, income and resource shares are defined not by technological market power, but by political military dominance THE United States war in the Gulf is an at- tempt to recreate Washington's role as world policeman, to re-subordinate Europe to US power, to intimidate the Third World into submission. In a sense it is an attempt to regain the position of global supremacy held by the United States at the end of the Second World War. In this sense George Bush is executing the political vision of the Reagan period in its most extreme fashion. The massive buildup of military power, the worldwide pressure on clients, allies, and neutrals to collaborate, the vast economic expenditures, the unprecedented unleashing of aerial bombardment, all speak of the momentous historical changes that underlie this war.

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