Tag Archives: participatory economics

Latin America: Social Movements in Times of Economic Crises

By Prof. James Petras

The most striking aspect of the prolonged and deepening world recession/depression is the relative and absolute passivity of the working and middle class in the face of massive job losses, big cuts in wages, health care and pension payments and mounting housing foreclosures. Never in the history of the 20-21st Century has an economic crisis caused so much loss to so many workers, employees, small businesses, farmers and professionals with so little large-scale public protest.

To explore some tentative hypotheses of why there is little organized protest, we need to examine the historical-structural antecedents to the world economic depression. Continue reading

Honduras: an imminent new phase?

fubombBy Toni Solo

It is United States multinationals that have benefited for decades in Honduras from an absurdly concessionary tax regime to accumulate extortionate profits to the tune of tens of millions of dollars every year. It is the United States that has equipped the Honduran army to murder, disappear and detain the heroic non-violent Honduran resistance. It is the United States that has constantly intervened in Honduran government policy against the interests of the country’s impoverished majority. And now the consummate opportunist hypocrite Barack Obama glibly sneers that he cannot press a button to help Manuel Zelaya. As the conflict in Honduras enters a new phase, the oligarchs and their US backers are likely to see their investment sorely and bloodily tested.

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