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CounterCurrents Newsletter 17 October, 2008 – Fear The Coming Nature Crunch


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In Solidarity

Fear The Coming Nature Crunch
By George Monbiot
This is nothing. Well, nothing by comparison to what’s coming. The financial crisis for which we must now pay so heavily prefigures the real collapse, when humanity bumps against its ecological limits

Additional Thoughts On The Bailout
By Paul Craig Roberts
The bailout package is a result of panic and threats, not of analysis and understanding. Neither Congress nor the public knows the full story. If the problem is the mortgages, why does the bailout leave the mortgages unaddressed and focus instead on pouring vast amount of public money into private financial institutions?

How To Manage An Imperial Decline
By Aziz Huq
Do empires end with a bang, a whimper, or the sibilant hiss of financial deflation? We may be about to find out. Right now, in the midst of the financial whirlwind, it’s been hard in the United States to see much past the moment. Yet the ongoing economic meltdown has raised a range of non-financial issues of great importance for our future

Toxic Asset, Tainted Milk
By Nazery Khalid
The financial bust-up in the US emanating from the sub-prime and housing market crises and the tainted milk scandal in China seem like two events a country mile apart. However, upon closer inspection, they underscore the interrelatedness between the two economies which are a lot more binding than it appears. While the two sorry episodes exposed the follies of two of the most powerful nations on earth, they also provide a fascinating study on globalization and the inextricable links and growing dependence between the two economic juggernauts on one other

The Forgotten U.S. War On The Iraqi People
By Ghali Hassan
On October 3, 2008, the Washington Post reported that the Pentagon is paying $300 million to U.S. contractors to produce pro-U.S. propaganda for Iraqi audiences “in an effort to ‘engage and inspire’ the local population to support U.S. objectives and the puppet government”. The aim of this psychological warfare is to normalise the murderous Occupation and cover-up the slaughter of innocent Iraqi civilians

China’s Land Reform Will Deepen The Gulf Between Rich And Poor
By John Chan
The Chinese Communist Party (CCP) launched a far-reaching new round of market reform at its Central Committee plenum on October 9-12. The meeting established the framework for peasants to freely trade their collective and state-owned land titles—a step toward large-scale industrial agriculture that will inevitably drive millions of small farmers off the land

Definitions: The Bourgeoisie
By Gaither Stewart
The third article in Gaither Stewart’s “Definitions” series

Israel’s ‘City Of Coexistence’ Shows Its True Colours
By Jonathan Cook
Israel has been suffering its worst bout of inter-communal violence since the start of the second intifada, with a week of what has been widely presented as “rioting” by Jewish and Arab residents of the northern port city of Acre

Europe And The Middle East:
Will EU Be A More Just Mediator?
By Ramzy Baroud
Europe has showed greater willingness in recent months to play a larger part in the Middle East’s most protracted conflict, that of Israel and Palestine. But willingness doesn’t necessarily indicate readiness

Jamia Residents Foil “Encounter” Attempt
By Mumtaz Alam Falahi
The residents of Jamia Nagar today foiled a kidnapping/encounter attempt by some policemen in plainclothes in Shaheen Bagh area under the Jamia Nagar Police Station in Delhi

Chengara’s Dalit-Adivasis Call To Restore Their Fundamental Rights
By Vidya Bhushan Rawat
Chengara’s land struggle is historical. It shows that people can not really depend on government dole out for land. Political parties in connivance with the defunct industrial houses are keeping people landless. New landlessness is on the rise. Courts are being used as an excuse to evict people. The marginalized have understood this and are ready to fight till end. If the government of Kerala think it is wrong, let it come out in open and say that they oppose people’s movement for land right

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