Articles

Notes from the Editors, April 2002

by The Editors

April 1, 2002

As this special issue on the economy goes to the printer, the business press is full of the news that a mild recovery from the recession that began in March 2001 may already be in the works, as was suggested by Federal Reserve Chairman Alan Greenspan in testimony to Congress in late February. Whether this should prove to be the case or not, it remains true that the long-term, deepening problems of the U.S. economy are for the most part ignored in such accounts, in favor of a short-run focus on an expected cyclical upswing.

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The New Face of Capitalism: Slow Growth, Excess Capital, and a Mountain of Debt

by Harry Magdoff, John Bellamy Foster, Paul M. Sweezyand Robert W. McChesney

April 1, 2002

For a long time now, the U.S. economy and the economies of the advanced capitalist world as a whole have been experiencing a slowdown in economic growth relative to the quarter-century following the Second World War. It is true that there have been cyclical upswings and long expansions that have been touted as full-fledged “economic booms” in this period, but the slowdown in the rate of growth of the economy has continued over the decades. Grasping this fact is crucial if one is to understand the continual economic restructuring over the last three decades, the rapidly worsening conditions in much of the underdeveloped world to which the crisis has been exported, and the larger significance of the present cyclical downturn of world capitalism

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The Argentine Crisis

by Joseph Halevi

April 1, 2002

Historically, monetary crises have been related to hyperinflation, from which Argentina has often suffered. Hyperinflation is generally viewed as a calamity leading to the destruction of the capitalist monetary system of circulation. In the present Argentine crisis, however, there has been a complete implosion of economic and monetary relations due to hyperdeflation. This is the strangulation of the economy by the requirement to pay an unsustainable debt

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Argentina: An Alternative Proposal to Overcome the Crisis

by Alfonso Florido, Bonnet Alberto, Guillermo Gigilianiand Luis Becerra

April 1, 2002

Against the background of Argentina’s dramatic economic downfall, a meeting was held in January 2002 at the Faculty of Economic Sciences of the University of Buenos Aires. The focus of the meeting was the need to work on alternative proposals to deal with the crisis

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Porto Alegre 2002: A Tale of Two Forums

by James Petras

April 1, 2002

In large part, the increased mass media coverage and the more favorable reporting (except in the United States) were due to the presence of political notables embracing centrist positions (leading members of the French Socialist Party, representatives from the United Nations and World Bank, and leaders from the moderate/social democratic sector of the Brazilian Workers Party, etc.). The political advances and achievements of SF2002 noted in the Western European media were accompanied by a particular bias in the reporting. Most of the journalists and editors favorably quoted and featured the “serious ideas” of the more moderate notables and political leaders meeting at the Catholic University. Rarely were mass leaders and activists from popular movements quoted or shown in photographs. For example, the Financial Times (February 5, 2002, p. 8) caricatured the differences between radicals and reformists: “Behind the theatrical expressions of protest, the forum was marked by a serious exchange of ideas and proposals, such as reforms of the WTO’s intellectual property rights agreements. Most participants said they were not against globalization but for an equitable form of it with a broader international participation in decision-making”

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Notes from the Editors, March 2002

by The Editors

March 1, 2002

In January, with no public discussion and little fanfare, Washington began the first major extension of its “war on terrorism” beyond Afghanistan by sending U.S. troops into the Philippines. The contingent of nearly 700 troops, including 160 Special Forces soldiers, was sent to the Autonomous Region of Muslim Mindanao (ARMM), which consists of a number of islands and one major city, and is populated chiefly by a few million Moros (Muslim Filipinos). The mission of the U.S. forces has been to “assess” the military situation, provide military advice, and “train” the 7000 Philippine soldiers currently pursuing the guerrillas of the Abu Sayyaf Group (ASG) operating in the southern islands of Basilan and Jolo

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U.S. Military Bases and Empire

by The Editors

March 1, 2002

Empires throughout human history have relied on foreign military bases to enforce their rule, and in this respect at least, Pax Americana is no different than Pax Romana or Pax Britannica. "The principal method by which Rome established her political supremacy in her world," wrote historian Arnold Toynbee in his America and the World Revolution (1962)

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Understanding the Other Sister: The Case of Arab Feminism

by Susan Muaddi Darraj

March 1, 2002

One evening, shortly after September 11, I was conducting a college English class when one of my students asked a question about the accumulating body of information on women and Islam. It was one of many questions about the Middle East asked of me in the days after the tragedies; this one was about the veil, and why women in the Middle East "had to wear it." I explained that not all women in the Middle East were Muslim (I myself am a Palestinian Christian), but that even many Muslim women did not veil. However, many did, and for myriad reasons: mostly for personal and religious reasons and, for some, upon compulsion

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Technology and the Commodification of Higher Education

by David F. Noble

March 1, 2002

All discussion of distance education these days invariably turns into a discussion of technology, an endless meditation on the wonders of computer-mediated instruction. Identified with a revolution in technology, distance education has thereby assumed the aura of innovation and the appearance of a revolution itself, a bold departure from tradition, a signal step toward a preordained and radically transformed higher educational future. In the face of such a seemingly inexorable technology-driven destiny and the seductive enchantment of technological transcendence, skeptics are silenced and all questions are begged. But we pay a price for this technological fetishism, which so dominates and delimits discussion. For it prevents us from perceiving the more fundamental significance of today's drive for distance education, which, at bottom, is not really about technology, nor is it anything new. We have been here before

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Sweatshop Labor, Sweatshop Movement

by Bill Fletcher, Jr.

March 1, 2002

Miriam Ching Yoon Louie, Sweatshop Warriors: Immigrant Women Workers Take on the Global Economy (Cambridge, Mass.: South End Press, 2001), 306 pages, $18.00 paper.
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The reemergence of sweatshops in the United States has taken many people by surprise. It was commonly assumed that sweatshops disappeared years ago and that their presence would no longer be accepted. This proved to be fatally wrong

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