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Month: October 2010

Ecuador, Venezuela: Danger South of the Border

OCTOBER 26, 2010 – It is not difficult to see that the events of September 30, in the Latin American country of Ecuador, amounted to an attempted right-wing coup d’état.[1] Mass mobilizations in the streets and plazas of Quito (the capital) and other cities – in conjunction with action by sections of the armed forces which stayed loyal to the government – stopped the coup before the day was out. But those few hours highlighted, again, the deep dangers facing those fighting for progressive change in Latin America and the Caribbean. Remarkably, the first task is to re-assert that in…

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Currency Wars and the Privilege of Empire

OCTOBER 23, 2010 – In uncertain times, the headline was soothing – “Secretary Geithner vows not to devalue dollar.”[1] United States Secretary of the Treasury Timothy Geithner was saying, in other words, that if there were to be “currency wars” – competitive devaluations by major economies in attempts to gain trade advantage with their rivals – the United States would not be to blame. Who, then, would be the villain? China, of course. Earlier this year, Democratic Party congressman Tim Murphy sponsored a bill authorizing the United States to impose duties on Chinese imports, made too inexpensive (according to Murphy…

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