The interview below was carried out by Argentinean newspaper Pagina 12 with Monthly Review editor and Marxist economist John Bellamy Foster.
It was posted on http://www.mrzine.monthylreview.org on October 10, from which the version below is abridged. The full version is included as part of a wide-ranging collection of articles and videos on the financial crisis posted at socialist e-journal Links, http://links.org.au.
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The developed capitalist system is today in a crisis.
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Bankers in Chicago are angry with Cook County Sheriff Tom Dart.
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Colombian President Alvaro Uribe declared a 90-day “state of emergency” on October 9 to break up a six-week strike by the National Association of Judicial Employees (Asonal Judicial — AJ).
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As stock markets crashed and a global credit squeeze threatened global economies, Latin American governments pushed ahead with plans for a new financial architecture, to replace the current bankrupt system.
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The recent infant milk formula scandal in China, in which at least four babies have died and over 50,000 have become sick due to poisoning with the industrial chemical melamine, highlights the way capitalism cannot guarantee the health and well being of people particularly the most vulnerable.
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Perus entire cabinet tendered their resignations to President Alan Garcia on October 9 in the wake of a corruption scandal involving kickbacks in return for oil contracts.
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The next move, presumably, will be to nationalise the country’s gambling debts.
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The October 8 article below is reprinted from http://www.cubanews.ain.cu
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Many people are understandably frustrated when they try to make sense of the world financial crisis based on what they read in mainstream newspapers.
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The statement below was released on October 8 by Committee in Solidarity with the People of El Salvador (CISPES). The delegations report can be downloaded at http://www.cispes.org.
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Britain’s most senior military commander in Afghanistan, Brigadier Mark Carleton-Smith, told the British media about the US/NATO occupation of Afghanistan that “We are not going to win this war”.