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Imperial Hubris Redefined

Imperial Hubris Redefined There have been two developments in the past month that illustrate clearly what is wrong with the White House’s perception of America’s place in the world. Going far beyond the oft-repeated nonsense that the United States is somehow the “leader of the free world,” the Trump Administration has taken several positions that […]

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Leaked Chinese Memo Warns Of “Thucydides Trap” With US, “War Is Unavoidable”

Leaked Chinese Memo Warns Of “Thucydides Trap” With US, “War Is Unavoidable” A series of leaked internal documents reveal that China’s military reforms are aimed at allowing Beijing to “manage a crisis, contain a conflict, win a war” and overtake the United States in military strength, according to the Express. The leaked documents were published by […]

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Russia Joins Global Trade War – Imposes Tariffs On US Energy, Mining Imports

Russia Joins Global Trade War – Imposes Tariffs On US Energy, Mining Imports Whether this is a coordinated response is unclear – and certainly on a much smaller scale – but Bloomberg reports that Russian Prime Minister Dmitry Medvedev signed a decree this morning imposing higher tariffs on U.S. products in retaliation for U.S. duties on metals […]

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Police State in Slo-Mo

Police State in Slo-Mo For many years, I’ve forecasted that the US will evolve into a police state; that it will begin slowly; then as more and more freedoms are removed, the creation of the police state will accelerate. We’re now seeing that acceleration, as more and more Americans are detained, questioned, and having their […]

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Eagle-meets-Bear and the Syria tug-of-war

Eagle-meets-Bear and the Syria tug-of-war Trump and Putin are likely to discuss the tricky situation in southern Syria when they meet; while the US president says he wants US forces back home, the CIA, Pentagon and Israel may be happier to see them stay so the war-torn state remains unstable Syrian government tanks and soldiers […]

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Democracy Dies in the Blinding Light of Day

Photo: Ed Darack/Science Faction/Getty Images DEMOCRACY DIES IN THE BLINDING LIGHT OF DAY DESPITE BEING ONE of the United States’s founding statesmen and its second president after independence from Britain, John Adams was quite skeptical of democracy. “Democracy never lasts long,” Adams reflected in an 1814 letter. “It soon wastes exhausts and murders itself. There […]

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America Celebrates Lateral Move From Monarchy To Corporate Rule

America Celebrates Lateral Move From Monarchy To Corporate Rule Today America celebrates its liberation from the shackles of the British Crown and the beginning of its transition into corporatist oligarchy, which is a lot like celebrating your lateral promotion from housekeeping to laundry staff. Fireworks will be set off, hot dogs will be consumed, and […]

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Stock markets look ever more like Ponzi schemes

Stock markets look ever more like Ponzi schemes The FT has reported this morning that: Debt at UK listed companies has soared to hit a record high of £390bn as companies have scrambled to maintain dividend payouts in response to shareholder demand despite weak profitability. They added: UK plc’s net debt has surpassed pre-crisis levels […]

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US vs. China–Is it ‘Art of the Deal’ or Economic Warfare?

US VS CHINA – IS IT ‘ART OF THE DEAL’ OR ECONOMIC WARFARE? If monetary tightening remains the main risk for global stock markets, the threat of a trade war continues to dominate the headlines.THE DONALD’S DEALMAKING Some of those in Washington pushing this policy view China as some kind of strategic rival for global […]

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Amazon’s Fusion With the State Shows Neoliberalism’s Drift to Neo-Fascism

Amazon’s Fusion With the State Shows Neoliberalism’s Drift to Neo-Fascism In Part 1 of our investigative series on Surveillance Capitalism, MPN spoke to author Yasha Levine and Monthly Review editor John Bellamy Foster about the rise of the Amazon.com empire and its fusion with the U.S. state apparatus. In our next installments, we will continue […]

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US Dollar Hegemony Tripped Up by Chinese Renminbi?

US Dollar Hegemony Tripped Up by Chinese Renminbi? Um, no. Central banks not enthusiastic about the renminbi. Global central banks are not dumping US-dollar-denominated assets from their foreign exchange reserves. They’re not dumping euro-denominated assets either. And they remain leery of the Chinese renminbi – despite China’s place as the second largest economy in the […]

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The Dictatorship Over America: How It Functions

The Dictatorship Over America: How It Functions Democrats have won the national vote in six of the last seven presidential elections, which, with the retirement of Anthony Kennedy, will have resulted in the appointment of eight of the Supreme Court’s nine justices. And yet four of those justices will have been appointed by presidents who […]

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Unfunded Promises

Unfunded Promises In describing the global debt train wreck these last few weeks, I’ve discovered a common problem. Many of us define “debt” way too narrowly. A debt occurs when you receive something now in exchange for a promise to give something back later. It doesn’t have to be cash. If you borrow your neighbor’s […]

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How the Iran sanctions drama intersects with OPEC-plus

How the Iran sanctions drama intersects with OPEC-plus Major states buying oil from Iran are unlikely to heed the US call to drop imports; key allies want a waiver to avoid sanctions; OPEC, meanwhile, will have trouble boosting output in the short-term; the puzzle is not solved, but there are dark clouds A file photo […]

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Turkey and India Have Leverage in Trump’s Iran Sanction War

Turkey and India Have Leverage in Trump’s Iran Sanction War Both India and Turkey have said they will defy President Trump’s call for them to stop buying Iranian oil once the U.S. reapplies sanctions in November.  That isn’t really news. Both of them defied the Obama administration in 2012, albeit in different way. Turkey changed its […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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