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How the SEC Abetted Madoff's Heist, Then Covered Its Tracks
First the Swindle, Now the Whitewash. Eamonn Fingleton on how the SEC helped Madoff steal $50 billion and has now covered its tracks. Danny Weil on the latest big chapter in the smash and grab saga of neo-liberalism: privatizing Public Schools. Goodbye unions; hello “private contractors”. Now it’s Los Angeles’ turn. But, yes, we can fight back. Weil tells how. “All I ask is that the poor family I give the cow to promises never to send it to the abattoir.” Meet Lachchu, the man who saves cows. P. Sainath reports from India. Get your new edition today by subscribing online or calling 1-800-840-3683 Contributions to CounterPunch are tax-deductible. Click here to make a donation. If you find our site useful please: Subscribe Now! CounterPunch books and t-shirts make great presents.
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Today's Stories October 2-4, 2009 Saul Landau October 1, 2009 Andy Worthington Carl Ginsburg Mary Lynn Cramer Col. Douglas Macgregor Brian M. Downing John V. Walsh Ramzy Baroud Norman Solomon Dan Bacher Brenda Norrell Website of the Day September 30, 2009 Vijay Prashad Gareth Porter Andy Thayer Paul Craig Roberts Dean Baker Ricardo Alarcón de Quesada Laura Flanders Dave Lindorff Seumas Milne Martha Rosenberg Website of the Day September 29, 2009 Marshall Auerback Alan Farago Jeff Sher Bruce Jackson Gareth Porter Jonathan Cook Bouthaina Shaaban Dave Lindorff Stephen Soldz Sara Mann Website of the Day September 28, 2009 Laura Carlsen Anthony DiMaggio Paul Craig Roberts Neve Gordon Bill Quigley Harvey Wasserman Nicola Nasser Ben Rosenfeld Murder in New Orleans: Remembering Kirsten Brydum Website of the Day September 25-7, 2009 Alexander Cockburn Daniel Wolff Rev. William E. Alberts Mike Roselle Saul Landau Eshan Azari Winslow T. Wheeler Robert Jensen Jonathan Cook Nelson P Valdés David Michael Green Ramzy Baroud John V. Whitbeck Andy Worthington David Ker Thomson Seth Sandronsky Jim Goodman Charles R. Larson David Yearsley Kim Nicolini Lorenzo Wolff Website of the Weekend September 24, 2009 Steven Higgs Christopher Brauchli Marshall Auerback Stephanie Westbrook Nadia Hijab Sen. Russell Feingold David Macaray Binoy Kampmark Joe Allen Website of the Day September 23, 2009 Paul Craig Roberts Gabriel Kolko Uri Avnery Shamus Cooke Missy Beattie Gareth Porter Mark Weisbrot Dr. Susan Block Norm Kent Richard Neville Website of the Day September 22, 2009 Franklin C. Spinney The Huge Hole in Gen. McChrystal's Afghan Counterinsurgency Strategy Russell Mokhiber Greg Grandin Nikolas Kozloff John Ross Ron Jacobs Tariq Ali Dave Lindorff Harvey Wasserman Vijay Prashad Kareem Shora Website of the Day September 21, 2009 JoAnn Wypijewski Carl Finamore Uri Avnery Nikolas Kozloff Paul Simpson, M.D. Alan Nasser Ray McGovern Dave Lindorff Lina Thorne Jeb Sprague Website of the Day September 18-20, 2009 Alexander Cockburn Russell Mokhiber Mike Whitney David Michael Green Jonathan Cook Nadia Hijab Mark Weisbrot Michael Winship Michael Leonardi Andy Worthington Fred Gardner David Macaray David Rosen Jason Mark Mike Ferner Farzana Versey Ron Jacobs elin o'Hara slavick Gilad Aztmon David Yearsley Charles R. Larson Lorenzo Wolff Website of the Weekend
September 17, 2009 Joshua Frank Brenda Norrell Robert Weissman Pam Martens Franklin Lamb Ricardo Alarcón de Quesada Jed Bickman Alan Farago Website of the Day September 16, 2009 Ray McGovern Stephen Green Andy Worthington Dean Baker Anthony DiMaggio Ricardo Alarcón de Quesada Benjamin Dangl Robin Willoughby Eric Walberg James Ridgeway Website of the Day September 15, 2009 Mike Whitney Mutadhar al-Zaidi Marshall Auerback Afshin Rattansi Jonathan Cook Gareth Porter: Dave Lindorff Winslow T. Wheeler Franklin Spinney Karen Korenoski / David Macaray Susie Day Website of the Day September 14, 2009 Paul Craig Roberts M. G. Piety Shamus Cooke Bouthaina Shaaban Alvaro Huerta John Ross Harvey Wasserman Adam Federman Stephen Fleischman Robert Jensen Website of the Day September 11-13, 2009 Alexander Cockburn JoAnn Wypijewski Carl Ginsburg Leonard Peltier Franklin Lamb Benjamin Dangl Mike Whitney John Berger Saul Landau Russell Mokhiber Ricardo Alarcón de Quesada Felice Pace Jordan Flaherty Ron Jacobs David Macaray David Correia Robert Bryce Christopher Brauchli Paul Krassner Charles R. Larson Kim Nicolini David Yearsley Lorenzo Wolff Poets' Basement Website of the Weekend September 10, 2009 Joshua Frank Dean Baker Brian M. Downing Franklin C. Spinney Andy Worthington Chase Madar Farzana Versey Ronnie Cummins Binoy Kampmark Timothy Lebrón Charles R. Larson Website of the Day September 9, 2009 Richard Neville Melissa Checker Nadia Hijab Robert Weissman Jonathan Cook Russell Mokhiber James Ridgeway Richard W. Behan James McEnteer Martha Rosenberg Website of the Day September 8, 2009 Henry A. Giroux Stephen Soldz John Ross Jeff Leys Mike Whitney Ashcroft: Repugnant to the Constitution Shamus Cooke Ellen Brown Norman Solomon Men With Guns: In Kabul and Washington Deepak Tripathi Laray Polk Charles R. Larson Website of the Day September 7, 2009 Vicente Navarro Bouthaina Shaaban David Macaray Paul Craig Roberts Jonathan Cook Conn Hallinan Walter Brasch Mark Weisbrot Carl Finamore C. G. Estabrook Website of the Day September 4-6, 2009 Alexander Cockburn Carl Ginsburg Jonathan Cook George Wuerthner Marc Levy Ray McGovern Ricardo Alarcón de Quesada Joe Paff Gareth Porter Devin Beaulieu Anthony Papa David Ker Thomson Don Fitz Lee Sustar / Jim Goodman Wajahat Ali Ron Jacobs Helen Redmond John V. Walsh Charles R. Larson Mark Scaramella David Yearsley Ben Sonnenberg Poets' Basement Website of the Weekend September 3, 2009 Marcus Rediker Ron Jacobs Mike Whitney Ricardo Alarcón de Quesada Saul Landau Anat Matar Tanya Golash-Boza Dave Lindorff Andy Worthington Website of the Day September 2, 2009 John Ross Vijay Prashad Rev. Jim Rigby Joanne Mariner Missy Beattie Soren Ambrose Diane Farsetta Nadia Hijab Shamus Cooke Charles R. Larson Website of the Day September 1, 2009 Jeffrey St. Clair Paul Craig Roberts Mark T. Harris Dean Baker Jeffrey Buchanan Robin Mittenthal Ellen Brown Martha Rosenberg Website of the Day
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Weekend Edition After the German ElectionsIs Socialism Really Dead in Europe?By DIANA JOHNSTONE Despite the financial crisis and fears of depression, on September 29 German voters elected a government still farther to the right than the one they already had. Christian Democrat Angela Merkel remains Chancellor, but will govern with the pro-business Free Democratic Party (FDP) instead of the traditionally pro-labor Social Democratic Party (SPD). With 15 per cent of the vote, the FDP won the biggest victory in its history. The SPD lost roughly a third of its previous electorate, dropping to a little over 23 per cent, a historic low. Some commentators saw this paradoxical result as proof that voters love capitalism even as it flounders. “Is socialism dying?” the International Herald Tribune asked boldly on its front page, headlining a New York Times article on the German elections. French writer Bernard-Henri Lévy was called on to confirm the demise of socialism with evident Schadenfreude. In reality, socialism was not and could not be the issue in the latest German election. Socialism has long since been evicted from German electoral politics. In the past two decades, even its reformist cousin social democracy has been sacrificed to “the market”, meaning the dictates of the financial markets. Whatever they say during election campaigns, center left and Whether in Germany or France, or anywhere else, however people vote, this is what they get. So the more pertinent question might be, “is democracy dying?” French Voters Ignored François Mitterrand was elected President of France in 1981 on the basis of a program including socialist features such as nationalized industries. Early in the Mitterrand presidency, in 1983, French Socialists abandoned the idea that there could be “socialism in one country”. Instead, they have held up the mirage of an eventual “social Europe”, a mirage that has faded as the European Union has moved steadily to the right. European Socialist parties have vigorously supported all the EU treaties, starting with the Maastricht Treaty of 1992, that have locked the EU member states into neoliberal economic policy. In May 2005, 55 per cent of French voters rejected the draft European Constitution in a popular referendum. A few days later, Dutch voters rejected it by an even wider margin (62 per cent). Legally, this meant that the treaty was dead. French Socialists joined other European leaders in repackaging it as “the Lisbon Treaty”. This time, the citizens were not to be allowed to spoil things by holding referendums. The Lisbon Treaty would be ratified by compliant legislatures. Only Ireland went ahead with a referendum, and on June 12, 2008, rejected the “Lisbon Treaty” by over 53 per cent of the vote. This week, Irish voters are called back to the polls to correct their “mistake” of last year. Presumably, they can be made to keep voting until they come up with the correct result. Bernard-Henri Lévy, ludicrouslyy described by the New York Times as “an emblematic Socialist”, [as stupid as calling David Horowitz an unreconstructed 60s leftist, Editors] has been in the forefront of a 30-year ideological offensive to kill socialism by redefining the left as solely concerned with “human rights”, devoid of economic policy. Economic policy is left to “the markets”. For BHL, criticism of capitalism, and even more, of war and imperialism, is condemned as “anti-American” or even “anti-Semitic”. Any attempt to change the order of things must lead to the Gulag or to Auschwitz. The ever-expanding religion of the Holocaust and the Gulag teaches resignation and guilt more effectively than the Christianity it replaces. Left of the SPD Even more than the French Socialists, the German SPD has abandoned its historic commitment to social justice. As a result, in ten years it has lost a third of its voters. Its defeat can in no way be seen as a repudiation of socialism. On the contrary, it could even be seen as the beginning of a socialist revival. The SPD lost voters to abstention, to the CDU, to the Greens, but above all, to Die Linke, the Left Party based on a coalition between the East German “Party of Democratic Socialism” headed by Gregor Gysi, some West German trade unionists and above all, dissident social democrats who left the SPD under the leadership of Oskar Lafontaine. With over 12 percent of the vote, the Left Party became Germany’s fourth strongest, just ahead of the Greens. This was a promising score, considering the way the mildly left Left Party has been ostracized by media and the political class as though it were a reincarnation of the Bolsheviks. For the media, a party calling for a minimum wage and a pullout from Afghanistan is the “hard left” – not fit to be associated with. The SPD and the Greens stressed that they would never consider a coalition with such disreputable folk. Oskar Lafontaine denied wanting to take votes away from the SPD. “We wanted a left majority and not a weaker SPD.” The vote for the Left Party could, at this stage, only be a protest rather than a “useful” vote, since a left coalition was ruled out by potential partners. But from now on, the SPD will be under pressure to move far enough to the left to make a coalition with Die Linke, while Die Linke will be tempted to move to the right to accommodate the SPD. Haves Versus Have Nots On reflection, the historically high score of the FDP by no means signifies that German society as a whole is enamored with capitalism. Rather, it can be symptomatic of a polarization that takes place in hard times. While the socially precarious grope around for protection, the socially advantaged look for leaders who will preserve their advantages. Germany is, after all, a rich country, and there are plenty of rich people who want to stay that way. The FDP campaign to revise the tax structure was a signal to the rich that they won’t be taxed to pay for the poor and unemployed. This may spell trouble for Angela Merkel in her role as “mother of the nation”. Ms Merkel said she preferred to rule with the FDP rather than the SPD. But the FDP’s high score, at the expense of her own party, puts it in a strong position to dictate policies that may be hard for her own party to swallow. The Christian Democrats have never been pure “free marketeers”. Rather, their trademark has been the “social market”. Germany’s prosperity has been based on high quality exports. The collapse of credit in consumer nations – primarily the United States – is hurting German industry. The government has temporarily propped up domestic car sales, long enough to get through the elections, but this will not last and massive layoffs are likely in the coming months. Germany will be faced with both shrinking exports and a shrinking domestic market. FDP “cost-cutting” policies can only make things worse for most of the population. The fact that more voters than ever before turned to smaller parties is symptomatic of a period of transition. A big unknown is which way younger voters will turn. The SPD won only 18 percent of votes in the 18 to 24 age bracket, with its best score among retired people. A big chunk of the youth vote, over eight hundred thousand, went to the Pirate Party, an invention of internet addicts opposed to government censorship and surveillance. It is not clear how such strong libertarian tendencies will relate to economic and social issues in the future. Meanwhile, polls in Germany indicate that the idea of socialism is not dead. A recent survey asked the question: “Is socialism basically a good idea that was only badly applied?” A few years ago, a majority disagreed, but this year, 53 per cent agree. So the real question may be, how can this good idea be applied better? Oskar Lafontaine starts from the notion of “local social control” of energy and such necessary industries*. This can be more in keeping with German federalism than nationalization, which is more in the French tradition of the strong central state. One way or another, the future of democracy in Europe depends on enabling the popular idea of socialism to evolve into political reality. Note: Diana Johnstone can be reached at diana.josto@yahoo.fr
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Now Available from CounterPunch Books! Yellowstone Drift: Spell Albuquerque: Waiting for
Lightning
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