The British arms manufacturing giant BAE (British Aerospace) has been fined some 286 million pounds sterling for bribing government officials in Third World countries to place orders with their company.(1) Among other activities, they bribed officials in Tanzania to order an advanced radar system for defense in that country, even though Tanzania is not likely to be at war with anyone and is one of the poorer nations in the world. What makes the case all the more remarkable is the fact that earlier on British prosecutors intended to prosecute over bribery of Saudi officials to the same purpose, but that a combined action from then Prime Minister Tony Blair and the Attorney General, Lord Goldsmith, quashed the case, in order not to offend the Western ‘allies’ in Saudi Arabia. In this manner, they showed that neither rule of law nor combating theocracy mean anything to the gentlemen politicians who rule our countries, but that only strategic maneouvers do. Little seems to have changed since the days of the ‘Great Game’ and the Victorian approach to international relations. Continue reading “BAE and the Arms Trade”
Tag: Economics
Jared Diamond and the ‘green’ capitalists
Well-known anthropologist and popular science writer Jared Diamond has written an opinion article in the New York Times in which he praises various large multinationals for adopting a supposedly more ‘green’ way of operating, since their profit incentive forces them to do so.(1) He is particularly lavish in his praise for the Chevron oil group, which is or was active in oil projects in New Guinea, the region Diamond is professionally specialized in. He has written about their activities in New Guinea before in his book Collapse, where he also lauded their supposed efforts to improve the environment.(2) Continue reading “Jared Diamond and the ‘green’ capitalists”
The Red and the Green II: Judgment at København
There seems to be a general sentiment among those segments of the global population committed to the preservation and survival of the environment we live in that the coming United Nations Framework Convention on Climate Change in København, to be held between 7 and 18 December 2009, will be decisive. At this conference it will have to be decided whether the political leaders of the world are capable of undertaking serious and coordinated efforts to combat the environmental impact of capitalist industrialization, or whether they will by force of competition on the political and economic planes once again let down the needs and aspirations of the world’s population, human and nonhuman. The Kyoto Protocol, a moderate and very tempered attempt to bind the leading industrial and industrializing nations to a reduction in the output of greenhouse gases, has failed as the United States refuses to in any way curb its potential capital accumulation, even if this is for the benefit of the survival of the planet as we know it. At the same time, there is much acrimony between major industrializing states such as India and China and the Western nations, where the latter want the former to bear much of the burden of their polluting industrial output, whereas the former quite rightly point out that the Western nations never cared about it during their phase of Industrial Revolution and that they have consciously exported much of their own industry to those nations in the first place. Not only is the Third World now exploited by the First, it is also being made to pay for the privilege in ecological terms. Continue reading “The Red and the Green II: Judgment at København”
Crisis: Liberalism fails where anti-liberalism succeeds
The current economic crisis, despite (or maybe because) of the hullaballoo about its premature ‘end’, gives a good perspective on the failures of liberal economic policy. Precisely those nations that had in the past attempted a get-rich-quick scheme by relying on extreme liberalism to draw in capital in search of unrestricted territory for expansion are now the ones suffering the most from the inevitable cyclical collapse that is attendant on the movement of capital.
Such ‘success stories’ of liberal development as Ireland and Iceland have gone into deep recession. Continue reading “Crisis: Liberalism fails where anti-liberalism succeeds”
Ten Years of ‘Bolivarian Socialism’ in Venezuela
Hugo Chávez Frías, the current President of Venezuela, was first elected to this office in 1998 and was inaugurated in 1999, now ten years ago.
He had already been a remarkable figure on the Venezolan political scene after having attempted a leftist military coup against the government of Carlos Andrés Pérez. In those days, the oil kleptocracy of Pérez failed and a series of riots by the poor majority of Venezolans, the so-called ‘Caracazo’, destabilized the government. Pérez had been a self-styled social-democrat, but had submitted his country to the liberal rule and ‘reforms’ of the International Monetary Fund, which disappropriated the people of their public goods and bled dry the urban population by abandoning the policies of gasoline subsidy. As a result, the Caracazo erupted and the army intervened to violently repress the revolts against this organized comprador thievery and the umpteenth case of betrayal by social-democracy. Progressive sections of the military, led by Chávez, attempted a coup against Pérez. The coup failed and Chávez was imprisoned, but Pérez was removed from office and his successor freed the coup perpetrators.
In 1998, Chávez’s new “Fifth Republic Movement” (MVR) obtained an absolute majority of votes in the Presidential elections, with Chávez himself as the candidate, defeating the rightist American-trained economist Henrique Salas Römer. Continue reading “Ten Years of ‘Bolivarian Socialism’ in Venezuela”