Iran will be exporting $1 billion of electricity by March 2012
Pakistan’s minister of water and power says his country has signed an agreement with an Iranian private company to import 5,000 megawatts (MW) of electricity from Iran.
Syed Naveed Qamar further added that according to the agreement, two power plants will be built near the Iranian city of Zahedan and in Gwadar region of Pakistan’s Balochistan province.
The minister went on to say that Pakistan is currently having problems generating sufficient electricity due to the shortage of adequate resources for operating power plants, including low water reserves. The shortage may worsen as natural gas consumption and demand for energy continue to rise, he added.
Pakistan Electric Power Company (PEPCO) has already announced that the country will need 15,500 MW of electricity this year, but can only generate 9,500 MW and is short of 6,000 MW of electricity.
The minister said that the launch of the two new gas-fueled power plants will reduce electricity price in the country, adding that the imported electricity will be sent to all parts of Pakistan, including Balochistan province.
Iran is currently exchanging electricity with Afghanistan, Armenia, Azerbaijan, Iraq, Pakistan, Nakhichevan, Turkey and Turkmenistan.
According to the Iranian Energy Ministry statistics, the country will be exporting up to USD 1 billion of electricity by March 2012.
Iran’s total power generation capacity stands at 63,403 MW while total length of the power grid exceeds 780,000 km.
Exchange of electricity with neighboring countries reached 1,341 MW in late December 2010. The top exporter was Armenia with 237 megawatts, and the top importer of the Iranian electricity was Iraq with 650 megawatts.
Iran seeks to become a major regional exporter of electricity and has attracted more than USD1.1 billion in investments to build three new power plants.
December 31, 2011
Posted by aletho |
Economics |
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SELLERSBURG — During World War I, Randolph Bourne wrote, “War is the health of the state.” Bourne was referring to nation-states of course, but considering what I’ve learned recently, it seems appropriate to say “war is the health of the state of Indiana.”
According to a 2011 Indiana University report, back in 2001, Indiana received $1.8 billion from the federal government in the form of defense contracts. This number grew to more than $4 billion over the next decade. We all know why the growth occurred: War.
This report, titled “Building National Security: The Economic Impact of Indiana’s Defense Industry,” explains that the ability to attract federal defense spending is of great benefit to Indiana. The introductory letter signed by the lieutenant governor and the IU president says, “… it is critical to the state of Indiana and its work force that the defense industry continues to flourish here.”
I don’t agree. It’s extremely unwise to develop an economy based not only on government spending, which requires taxation and/or debt, but which also depends on death and destruction for growth.
As a result of their desire for continued and increased federal defense spending, a private-public partnership firm, Conexus Indiana, and the Indiana Economic Development Corp. have created the Indiana Aerospace and Defense Council for the specific purpose of promoting Indiana as a great place for the federal government to spend its defense budget.
It’s bad enough that state government uses the euphemism “economic development” in an attempt to centrally plan an economy by spending tax money in ways that favor some industries and businesses over others, but using funds to lobby for increased federal spending that supports war attacks the sensibilities of all peace-loving individuals.
But those who directly benefit don’t see it this way. The groups involved — the politicians, the state universities and the corporations — all benefit from the business that results when the nation-state participates in war. No one wants to acknowledge the horrible truth embedded in the fact that pushing the defense industry encourages the development of businesses that are healthiest during wartime — in other words, peace makes them sick.
This council also wants to increase the number of companies involved, but any business owner should be cautious about such a move. Besides the more obvious concerns when businesses get involved in war, there can also be plenty of unanticipated costs.
For example, as I was browsing around the website of CACI, the newest business to locate in New Albany’s Purdue Research Park, I was amazed at how much time, money and energy this company is spending as it works to disassociate itself from the abuse and torture controversy at Abu-Ghraib prison in Iraq. I wonder if they think the contract was worth it.
Indiana is already receiving fewer defense dollars as the federal government’s involvement in the current wars change. However, instead of seeing this as a warning, signaling a need to gain freedom from such dependency, officials are making decisions that will only suck Indiana in even deeper.
Should the businesses in this state increase their dependency on an “industry” that experiences its best growth when the federal government gets involved in nasty wars far from the actual soil they claim to be defending?
Or would it be better to spend energy working to create products and services that enrich lives, thereby encouraging mutually beneficial peaceful trade and friendly relationships?
I am concerned, and even mourning, this realization of where human energy and resources have been focused, because I do not want war to be the health of the state of Indiana.
— Clark County resident Debbie Harbeson is sick of government interference.
December 30, 2011
Posted by aletho |
Economics, Militarism |
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Islamabad has stepped up work on its bilateral agreements with Tehran including the implementation of a Pak-Iran gas pipeline project despite US threats.
“Construction work on the pipeline in Iranian area was completed. And on remaining portion that was to be constructed in Pakistani area the survey has been completed. Pakistan is bearing losses due to energy crises and it would go ahead with different options including Iran,” The Nation quoted a Pakistani official as saying on Thursday.
The Pakistani source added Islamabad had not backed down from its trade agreement with Iran.
On December 19, high-ranking Islamabad diplomats said the administration of Barack Obama is frustrated with the “rapid progress” of Pakistan’s gas project with Iran, and is exhausting all its resources to sabotage the deal.
“They (US officials) have gone to the extent of threatening [Pakistan’s] President [Asif Ali] Zardari of economic sanctions if work is not stopped immediately,” the official said.
Zardari, however, reportedly dismissed the threats, bluntly asserting that the commissioning of the project is vital and inevitable for the wellbeing of Pakistan’s “fast crumbling” economy.
The USD 7.6 billion gas pipeline deal, which was signed in June 2010, aims to export a daily amount of 21.5 million cubic meters (or 8.7 billion cubic meters per year) of Iranian natural gas to Pakistan.
Iran and Pakistan finalized the details of the deal during bilateral talks held in Tehran in October 2007.
In addition to exporting gas to Turkey, Armenia, and Pakistan, Iran is currently negotiating gas exports to Iraq.
December 29, 2011
Posted by aletho |
Economics, Wars for Israel |
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At both President Obama’s “job speech” to the Joint Session of Congress and his speech at the Clinton Global Initiative last September, one issue was shockingly absent from the agenda: climate change. The term was scarcely mentioned in either speech, and more surprisingly, the administration also failed to deliver on the more popular message of clean energy. For all the talk of job creation and economic growth, the role of green jobs and a potential transition to a green economy were missing from the dialogue. In fact, lately the green jobs issue has taken a serious hit because green innovation has not been proven to create enough immediate “boots, jeans and helmets” jobs.
The phrases “climate change” and “global warming” have become all but taboo on Capital Hill. These terms are stunningly absent from the political arena, and have been since 2010. As Senator Sheldon Whitehouse (D-RI) said on October 13th, “It has become no longer politically correct in certain circles in Washington to speak about climate change or carbon pollution or how carbon pollution is causing our climate to change.” Why?
As part of a Brown University research project this summer, I conducted a comparative analysis of the Obama administration’s use of climate change and clean energy rhetoric, and how they were changing. We examined 1,606 speeches by administration officials over three and a half years (January 2008-July 2011), assembling keyword counts from a campaign speech database and the White House Speeches and Remarks Archive. Rhetoric was sorted by categories: “climate” and “energy.”
The results were dramatic:

The ratio of the administration’s usage of “climate change” versus “energy” has changed significantly since Obama’s 2008 campaign days. “Climate change” rhetoric saw its brief heyday in 2009, thanks to the popularity of the President, the streamlined message of unified party government, and the hope for legislative action before the United Nations climate change negotiations in Copenhagen. Climate change rhetoric was most prominent during 2009, when it was mentioned 246 times and the months with highest frequency were April and November. Interestingly, the only point at which these two levels were equivalent was in November of 2009–the month the Copenhagen Conference began. Since then, the ratio of energy to climate rhetoric has steadily increased, and the phrase “climate change” is routinely omitted in favor of clean energy-related diction.
The difference in magnitude for the two classes of rhetoric usage is striking. The overall ratio for this 3.5-year period is 7.6:1; energy is mentioned over seven times for each mention of climate change. The ratio of energy to climate rhetoric usage was 9.6 in 2008, 5.0 in 2009, 10.6 in 2010, and 14.6 in the first half of 2011. These ratios climbed since President Obama took office–tripling between 2009 and 2011–revealing the administration’s urgency to outpace the depressing “climate change” imagery with the more upbeat promise of “clean energy.” Noteworthy are the State of the Union speeches, meant to be indicators of the president’s agenda. These speeches regularly favor energy to climate change messages. In 2009, climate change was mentioned only once while energy came up 14 times; in 2010, climate change was mentioned three times to energy’s 15; and in 2011 while energy was mentioned 9 times, climate change was not mentioned at all.
What has caused this significant shift in rhetoric? Climate change is apparently politically tainted, a doomsday issue, and the administration has re-branded it under a clean energy and energy independence discourse. The administration has clearly responded to increasing hostility (on one end of the political spectrum) towards the effort to address climate change, scrubbing out words like global warming, cap-and-trade, and climate change from agency communication. Surveys are showing drops in public concern for the issue, and since 2010 House Republicans have directed an increasingly right-wing agenda against it, striking down climate change legislation and funding at every opportunity. Climate change is a hard sell amidst the economic downturn, and the environment always loses to job concerns. By contrast, the push for clean energy seems bipartisan, positive, and more difficult to publicly oppose. The political calculus seems clear: job creation, national security, and oil independence all seem to be credible, patriotic, and appealing reasons to promote the green sector.
As the calendars flip once again into campaign season, we may see a different strategy from the Obama administration as it seeks to distinguish itself from its Republican challengers. We have already seen more proactive rhetoric from Obama, with digs such as this at Governor Rick Perry: “I mean, has anybody been watching the debates lately? You’ve got a governor whose state is on fire denying climate change.” However, the UNFCCC climate change negotiations in Durban this month saw little effort by the president to shift attention to the issue—Obama chose to send Secretary of State Hillary Clinton to Busan, Korea for a conference on foreign aid instead of to South Africa for COP17. The president’s intentions are revealed by his weak rhetoric and avoidance of anything tainted with the terms climate change or global warming.
Notes etc…
December 24, 2011
Posted by aletho |
Economics, Science and Pseudo-Science, Timeless or most popular |
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My Clean Break column this past week looks at the missed opportunity of growing crops for biofuel production when making green chemicals is a higher value proposition, both economically and environmentally.
About seven million tonnes of grain corn was grown in Ontario in 2011, and by year’s end roughly 30 per cent of that is expected to go toward ethanol fuel production.
Let’s ignore for the moment the whole food-versus-fuel debate, and assume that devoting nearly a third of Ontario corn production to making renewable fuel doesn’t help drive up global food prices, or for that matter, reduce our capacity to feed the world.
Let’s focus instead on the use of corn as part of a greenhouse-gas reduction strategy that returns more economic value per harvested bushel. Through this lens, is biofuel production the best use of a renewable but also land-limited resource?
Corn, after all, doesn’t have to be made into ethanol and burned in the gas tanks of our cars to reduce our dependence on fossil fuels. It can also be used to make a variety of “green” chemicals that form the basis of a wide variety of products currently made from petroleum-based chemicals.
Let’s take, for example, Burlington, Ont.-based EcoSynthetix, which takes starch from corn to make certain biopolymers. These biodegradable biopolymers can displace petroleum-based ingredients used to make coatings for packaging and cardboard, adhesives, carpet backing, building materials and a wide range of other products.
John van Leeuwen, chairman and chief executive of EcoSynthetix, which had a successful initial public offering on the Toronto Stock Exchange in August, says he can make $35 worth of biolatex for every bushel of corn the company consumes in its process.
Ethanol, by comparison, fetches about $10 for every bushel of corn, he says. Indeed, the amount of corn that’s consumed annually by 10 large ethanol production plants – out of about 200 in North America—could probably supply enough starch for the entire emulsion polymer market worldwide if it were to switch to 100 per cent biopolymers.
More than that, EcoSynthetix’s biopolymer can compete head on with petroleum-based polymers that currently dominate the marketplace, unlike the heavily-subsidized ethanol industry. “We don’t need subsidies. We can actually go into a deal and offer a discount against petroleum-based products to win business,” says van Leeuwen.
Asked about the growing volume of corn consumed by the ethanol industry, van Leeuwen, without pointing fingers, responds sensibly. “We really need to be thoughtful as an industry to make sure what we make derives maximum value from our agricultural feedstocks.”
Such wise advice could be directed to Canada’s bioproducts sector as a whole, which as I wrote in August has been shrinking when it should be flourishing. That was the conclusion of a report by the Richard Ivey School of Business, which called Canada’s performance on the global stage “disappointing.”
In that report, ethanol represented more than two-thirds of Canada’s bio-products market, while higher-value polymers accounted for just 2 per cent and organic chemicals 12 per cent. In the area of green chemicals, Canada’s landscape was described as “stagnant.”
This isn’t just about corn; it’s also about how we choose to use agricultural residues, municipal organic waste, wood waste, algae biomass, and non-food crops.
Does it make sense to just burn this material for energy, or convert it into fuel so it can be burned? Or, should we be doing a better job of targeting niche markets with high-value “green” products that are just as effective at reducing our dependence on fossil fuels?
“There is an overemphasis on biomaterials as a source for energy,” says Dr. Rui Resendes, executive director of Kingston-based GreenCentre Canada, which helps commercialize green chemistry innovations coming out of Canadian universities.
And that energy isn’t as green as often claimed. After all, Resendes points out, the fertilizers used to grow crops are petroleum-based, as are many other products consumed along the supply chain.
“Just because you pluck it out of farmer’s field doesn’t mean it’s sustainable,” he says, adding that the entire value chain has to be considered. This is where green chemistry and the products it supports play a crucial role. “I’m a firm believer in technologies that are addressing niche markets where volumes are much smaller and margins are much higher.”
Green chemicals may be a broad category, but it’s one that serves highly targeted markets where petroleum-based products currently dominate, including the manufacture of fertilizers, polymers, and lubricants, to name a few.
And, as EcoSynthetix is demonstrating, you can be competitive and aim for profitability without relying on subsidies.
December 24, 2011
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Economics, Environmentalism, Timeless or most popular |
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Each Chevy Volt sold thus far may have as much as $250,000 in state and federal dollars in incentives behind it – a total of $3 billion altogether, according to an analysis by James Hohman, assistant director of fiscal policy at the Mackinac Center for Public Policy.
Hohman looked at total state and federal assistance offered for the development and production of the Chevy Volt, General Motors’ plug-in hybrid electric vehicle. His analysis included 18 government deals that included loans, rebates, grants and tax credits. The amount of government assistance does not include the fact that General Motors is currently 26 percent owned by the federal government.
The Volt subsidies flow through multiple companies involved in production. The analysis includes adding up the amount of government subsidies via tax credits and direct funding for not only General Motors, but other companies supplying parts for the vehicle. For example, the Department of Energy awarded a $105.9 million grant to the GM Brownstown plant that assembles the batteries. The company was also awarded approximately $106 million for its Hamtramck assembly plant in state credits to retain jobs. The company that supplies the Volt’s batteries, Compact Power, was awarded up to $100 million in refundable battery credits (combination tax breaks and cash subsidies). These are among many of the subsidies and tax credits for the vehicle.
It’s unlikely that all the companies involved in Volt production will ever receive all the $3 billion in incentives, Hohman said, because many of them are linked to meeting various employment and other milestones. But the analysis looks at the total value that has been offered to the Volt in different aspects of production – from the assembly line to the dealerships to the battery manufacturers. Some tax credits and subsidies are offered for periods up to 20 years, though most have a much shorter time frame.
GM has estimated they’ve sold 6,000 Volts so far. That would mean each of the 6,000 Volts sold would be subsidized between $50,000 and $250,000, depending on how many government subsidy milestones are realized.
If those manufacturers awarded incentives to produce batteries the Volt may use are included in the analysis, the potential government subsidy per Volt increases to $256,824. For example, A123 Systems has received extensive state and federal support, and bid to be a supplier to the Volt, but the deal instead went to Compact Power. The $256,824 figure includes adding up the subsidies to both companies.
The $3 billion total subsidy figure includes $690.4 million offered by the state of Michigan and $2.3 billion in federal money. That’s enough to purchase 75,222 Volts with a sticker price of $39,828.
Additional state and local support provided to Volt suppliers was not included in the analysis, Hohman said, and could increase the level of government aid. For instance, the Volt is being assembled at the Poletown plant in Detroit/Hamtramck, which was built on land acquired by General Motors through eminent domain.
“It just goes to show there are certain folks that will spend anything to get their vision of what people should do,” said State Representative Tom McMillin, R-Rochester Hills.
According to GM CEO Dan Akerson, the average Volt owner makes $170,000 per year.
Greg Martin, director of Policy and Washington Communications for GM, wrote in an email, “While much less than the hundreds of billions of dollars that Japanese and Korean auto and battery manufacturers have received over the years, the investments provided by several different Administrations and Congresses to jump-start the country’s fledgling battery technology and domestic electric vehicle industries (not just specifically for the Volt as Ford’s offering will also use LG Chem batteries and Fisker will use the A123 system for example) matches the same foresight and innovation leadership that other countries are exhibiting and which America has historically taken pride in.”
Martin added that the Mackinac Center’s math was “simple and selective.” However, he offered no data or specifics to support his assertion.
“This is a matter of simple math,” said Hohman. “I added the known state and federal incentives that have been offered and divided by the number of Volts sold. If GM has additional information to add to the public data on the use of taxpayer money, I look forward to seeing it.”
December 23, 2011
Posted by aletho |
Corruption, Economics, Nuclear Power, Timeless or most popular |
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Public sector workers across Belgium have gone on strike to protest against the new coalition government’s austerity measures aimed at reducing budget deficit.
The 24-hour stoppage, scheduled on the day Belgian parliament debated the measures, shut down the country’s schools, post offices and almost its entire transport grid on Thursday.
“Workers aren’t responsible for the crisis,” said Andrea Della Vechia of the General Federation of Belgian Labour (FGTB union). “If funds be needed, they should go to the financial markets or the banks for cash, not the workers.”
Belgium’s new socialist Prime Minister Elio Di Rupo is trying to raise the early retirement age from 60 to 62, thus making it harder for workers in some professions to stop working and get retirement benefits at the age of 60.
The official retirement age is 65 years.
The pension reform is part of the government’s 2012 budget plan aimed at bringing the country’s budget deficit in line with European Union (EU) rules and keeping the government out of the eurozone debt crisis.
Ratings agencies Standard & Poor’s and Moody’s have both cut their ratings for Belgium in the past month, citing its high debt level, slow economic growth, lingering political crisis and the cost of rescuing its financial sector, notably banking group Dexia.
The strike is the second show of opposition to the two-week-old government’s spending cuts after some 50,000 Belgians took to the streets at the start of December.
Workers in Greece, Italy, Portugal, Cyprus and Britain have held strikes or protests in recent weeks to denounce expenditure reductions.
December 22, 2011
Posted by aletho |
Economics, Solidarity and Activism |
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Venezuela has launched its energy assistance program for the seventh consecutive year, which helps poor Americans to pay for their home heating oil during the winter, Press TV reports.
The aid, which is provided by Citgo, a branch of the Venezuelan state oil company, PDVSA, will be received by more than 400,000 poor Americans next year, a Press TV correspondent reported on Thursday.
Citgo’s president, Alejandro Granado, has said that rising energy costs continue to affect millions of Americans, impairing their quality of life.
Granado added that his company does not want the US families to be forced to choose between keeping their homes heated, and paying for other basic needs like food or medicines.
“United States is not all roses like people think there are lots of people under poverty, below their standards” Oil industry analyst, Elio Ohep says.
The heating oil program began in 2005, following the aftermath of hurricanes Rita and Katrina. The PDVSA’s subsidiary has so far invested over 400 million dollars in energy assistance for US citizens facing economic hardship.
December 22, 2011
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Economics, Solidarity and Activism |
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One of the first things any journalist covering the Middle East should learn is that rumors of tension between Israel and the West are very much exaggerated. The latest “row” over the expansion of settlements is no exception.
According to the news agency AFP, Britain, France and Germany have led condemnation of Israel’s newly-announced plans to build more houses in the Jewish-only settlements of East Jerusalem and the wider West Bank. Predictably, the Israeli foreign ministry appears disgruntled by this stance. Avigdor Lieberman’s officials are telling the European Union to focus on Iran and Syria, rather than on “inappropriate bickering with one country,” namely Israel.
With a little bit of background research, AFP could have learned that far from being appalled by Israeli settlements, the EU’s governments are accommodating their construction.
A statement made to Britain’s members of Parliament (MPs) on 5 December illustrates that point. Alistair Burt, a Foreign Office minister in the London government, was asked about the statistics provided by Israel to the Organization for Economic Cooperation and Development (OECD). Israel joined that club of industrialised countries last year, in a diplomatic triumph for Benjamin Netanyahu and his colleagues.
Compromise of convenience
Burt told his fellow MPs of a compromise reached whereby the OECD has agreed to consider the occupied West Bank (including East Jerusalem) and the Golan Heights as property of Israel for certain purposes. Following a visit by OECD officials to the Israeli Central Bureau of Statistics in the summer this year, it was agreed that Israel would not need to provide “disaggregated data” on macroeconomic issues that distinguish between “pre-1967 Israel and the post-1967 areas.”
Although Burt tried to present the issue as a technical one, his choice of language is revealing. Instead of spelling out that Israel occupies the West Bank (including East Jerusalem), Gaza and the Golan Heights in violation of international law, he simply referred to those territories as “post-1967 areas.” He went on to hint that the compromise was made on practical grounds because the “post-1967 areas” only account for 4 percent of Israel’s gross domestic product.
So there you have it: the West is happy to accommodate the Israeli occupation for the sake of convenience.
If I was so inclined to buy Burt a Christmas present, it would have to be a copy of Shir Hever’s book The Political Economy of Israel’s Occupation. It shows how claims that the occupation is of negligible importance to Israel’s economy are made habitually by mainstream analysts. Hever demolishes those claims by highlighting how the territories that Israel occupies comprise its second largest export market and how Israel has built a lucrative military and “homeland security” industry around the occupation. You can be sure that the 4% estimate cited by Burt does not take such critically important factors into account.
“Remarkable success story”
Exactly one week after Burt made those comments, he attended the annual lunch of the Conservative Friends of Israel (CFI), a lobby group within the main party of the UK’s ruling coalition.
The keynote address to that gathering of 120 parliamentarians and 400 business people was given by George Osborne, the Chancellor of the Exchequer (in a country less wedded to imperial bombast, he would simply be called the finance minister). Osborne told his audience that “Israel’s a remarkable success story when it comes to the development of hi-tech industry and it’s really a beacon to the world of how you can foster these small companies that grow into world-beating businesses.”
The review of this sumptuous banquet on the CFI’s website doesn’t give the impression that Osborne was intent on “inappropriate bickering” with Israel. Rather, he seemed more interested in nurturing closer commercial ties with this “remarkable success story.”
Nobody with any knowledge of history would be surprised that the elites in Europe’s one-time colonial powers feel an affinity with Israel. Journalists should bear that in mind the next time they hear rumors of tension.
December 22, 2011
Posted by aletho |
Deception, Economics, Illegal Occupation |
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Without substantial social reform and redistribution of economic assets, representative institutions – no matter how ‘democratic’ in form – will simply mirror the undemocratic power relations of society. Democracy requires a change in the balance of forces in society. Concentration of economic power in the hands of a small elite is a structural obstacle to democracy. It must be displaced if democracy is to emerge.1
All reformers, no matter how radical they thought themselves to be, could be (and have been) caught up in reform structures whose underlying purpose is to reduce the inharmonics of the existing social system.2
Even as attempts to curb protests through evictions and violence are conducted across the country, the movement is spreading – every day, more and more flock to their local parks and city centers, rallying under the banner of “Occupy!” First it was Occupy Wall Street, a call put out by Adbusters, a quasi-Situationist organization that has been at the forefront of the “culture jamming” ethos since 1989. From there, it was Occupy Chicago, Occupy Los Angeles, Occupy Boston, Occupy Omaha. The movement has gone global, with protestors catching the Zeitgeist in London and Rome. Regionalized discontent led to international solidarity in Greece, as further austerity measures loom on the horizon – imposed by none other than a government that dares to call itself socialist.
The central concept of the OWS movement is populist in nature, harking back to those that resisted capitalism’s harsh realities in the earlier parts of the 1900s: there is a major disconnect between the 99% of the population and the 1% that acts as the center of wealth and power. At the core, this division is rooted in Marxist terminology, the proletariat versus the bourgeois and their exploitation. We demand democracy, the multitude is saying, from Lexington, Kentucky to Madrid, Spain. We demand freedom from economic exploitation, freedom from indentured servitude to the moneyed class, freedom to live our lives with a higher degree of autonomy than has been allowed by those who seek to manipulate and oppress for their own material gain. Be they students in the universities, underpaid workers who need government aid to live, or citizens horrified that a piece of every paycheck is going to bail-out reckless firms and to support foreign wars, the multitude is gradually realizing that they are the engine of this world, and that it is time for them to sit in the driver seat. But all is not right in the movement. It is in times of unrest and cries to social change that hegemony rears its ugly head. Since time immemorial, overt repression has been swapped for the far more subtle process of assimilation – the system acknowledges its defects, and then harnesses people power and guides it by hand into compromises that leave the primary mechanisms of domination intact. Radical change is exchanged for the more “mature” approach of working within the system. This is a very real threat to the Occupy movement, one that needs to be acknowledged and resisted by any member who truly believes in striving for a better tomorrow.
Egypt: The Inspiration
OWS’s genesis lies not just in Adbusters, but in the Spanish Indignants movement, a coalition advocating grassroots democracy in reaction to the impact of the international financial crisis on their nation. Leading the coalition is a group by the name of ¡Democracia Real YA! (Real Democracy NOW!), which called for international solidarity and protests on October 15th. Adbusters responded with a poster portraying a dancer atop the Wall Street bull, and a request for people to join together to occupy the “second capital” of wealth and power in the United States – Wall Street.
¡Democracia Real YA!’s initial inspiration for the international protest was the shocking success of Arab Spring,3 the multi-country revolt that succeeded in toppling one of the world’s worst dictators, the US-backed Egyptian president Hosni Mubarak. The opposing coalition, consisting mainly of tech-savy youth organizations such as the Coalition of the Youth of the Revolution and the 6 April Youth Movement, has been a consistent icon and inspiration for the Occupy movement, and rightfully so – it is one of the rare examples of people pushing for social change and getting it. So often we see revolt being crushed under the wheels of power, organization shattered, and violence suppressing hope. But even with Egypt, questions must be asked.
Ideological solidarity is giving way now to direct ties being formed between these desperate threads that are disrupting the international order. Egyptian activist Mohammed Ezzeldin gave a rousing speech to protestors in NYC’s Washington Square Park, discussing the direct lineage between the two revolts. “”I am coming from there — from the Arab Spring. From the Arab Spring to the fall of Wall Street,” he said. “From Liberation Square to Washington Square, to the fall of Wall Street and market domination, and capitalist domination.”4
Wired magazine has also reported that Ahmed Maher, one of the founding members of the 6 April Youth Movement, has traveled from Egypt to Washington D.C.’s McPherson Square to directly interact with the Occupiers there and advise them on courses of action. For sometime now Maher has been communicating with the protestors in the multitude’s medium of choice – “We talk on the internet about what happened in Egypt, about our structure, about our organization, how to organize a flash mob, how to organize a sit-in, how to be non-violent with police”5 – but this will mark the first time that he has come face to face with the people he refers to as his “brothers.”
Behind and Below the Masses: the revolution factory
The Egyptian revolt, much like its counterparts in Tunisia and Libya, was a direct fall-out from the processes of globalization; namely, the domestic impact of US policies that were driving high the price of essential living commodities. As reported in the McClatchy Newspapers:
The Fed [Federal Reserve Bank] has been engaged in what economists call “quantitative easing,” buying U.S. Treasury bonds to attack the threat of deflation — the phenomenon of falling prices across an economy.
Quantitative easing has the effect of raising asset prices, whether they’re the prices of stocks or what traders are willing to pay for commodities such as wheat or corn. One of the side effects of this policy is that the dollar weakens against other currencies, and that’s helped push up the global prices of commodities.6
As the article notes, the Fed’s quantitative easing has led to wheat prices rising 70% over the past year, certainly bad news for the country of Egypt, which stands as the US’s eight largest export market. With an economy pried open by the International Monetary Fund to a flood of international products under the banner of benevolent “structural adjustments,” the skyrocketing prices in the US means skyrocketing prices in Egypt. With an oppressive leader under the thumb of the United States military, the stage was ripe for revolution. In other words, Egypt, like the other countries involved in the Arab Spring, was on the surface revolting against domestic policies; at its core; however, the revolt was against the structures of Late Capitalism, the mechanics of what Michael Hardt and Antonio Negri refer to as “Empire” – the international monetary system that is rapidly rendering the concept of the “nation-state” obsolete.
So Mubarak is toppled and the Egyptian people seemingly liberate themselves. And what is the result? The country comes under the rule of the Supreme Council of the Armed Forces. Led by Mohamed Hussein Tantawi (a man described as “Mubarak’s poodle” for his loyalty to the disposed leader7 the Council has declared it will honor all existing political treaties and agreements, as well as maintaining the neoliberal stance of its predecessor. “We are not moving back to a socialist past,” Egypt’s temporary government has declared,8 as the World Bank, the International Finance Corporation, and the European Investment Bank plan to descend upon the country with an “action plan” for foreign investment and “sustainable growth.9
Thus, Washington and the IMF’s program will go unchanged as it moves from Mubarak’s dictatorship to the new parliamentary democracy. How did it happen? How did we get from point A (the masses, infused with revolutionary potential) to point B (a cosmetic facelift of the prevailing economic system)? An analogous situation can be found in South Africa, where the spirit of the revolution was laid down in a document known as the Freedom Charter. In this document we can find declarations such as “the national wealth of our country, the heritage of South Africans, shall be restored to the people… the Banks and monopoly industry shall be transferred to the ownership of the people as a whole.10 Yet when the dust settled after 1994, a radically different picture emerged: the apartheid-era finance minister, Derek Keyes, remained in his position as head of the South African bank; the ANC signed onto the international General Agreement on Tariffs and Trade; the World Bank was free to impose restrictions on socialized business models; and the IMF exerted authority over the approach to issues such as minimum wage. In the words of one activist, “they never freed us. They only took the chain from around our neck and put it around our ankles.”11
The dominant system will always resist widespread structural change, and the most common method of doing this is through the power of non-governmental institutions. Foundations constitute a main apparatus of this process – “everything the Foundation did could be regarded as ‘making the World safe for capitalism’, reducing social tensions by helping to comfort the afflicted, provide safety valves for the angry, and improve the functioning of government,” said McGeorge Bundy, the long-time president of the Ford Foundation.12 There is also the National Endowment for Democracy (NED), a brainchild of the Reagan administration that seeks to provide a capitalist economic framework for developing nations, and ease former left-wing states into a financial and militaristic stance in line with Washington’s key values. The NED receives its funding from the State Department through the US Agency for International Development (USAID), and in turn funnels the money into four subsidiary organizations: the National Democratic Institute (NDI), the International Republican Institute (IRI), the Center for International Private Enterprise (CIPE), and the American Center for International Labor Solidarity (Solidarity Center). The NDI and IRI are allied with their respective American political parties, while the CIPE is affiliated with the US Chamber of Commerce. The Solidarity Center, on the other hand, is a program of the AFL-CIO labor union consortium. Other NED funds flow into Freedom House, a US-based human rights organization that has been described as a “Who’s Who of neoconservatives from government, business, academia, labor, and the press.”13 American libertarian politician Ron Paul has provided an excellent analysis and critique of the whole “democracy promoting” apparatus:
The misnamed National Endowment for Democracy is nothing more than a costly program that takes US taxpayer funds to promote favored politicians and political parties abroad. What the NED does in foreign countries, through its recipient organizations the National Democratic Institute and the International Republican Institute (would be rightly illegal in the United States. The NED injects “soft money” into the domestic elections of foreign countries in favor of one party or the other. Imagine what a couple of hundred thousand dollars will do to assist a politician or political party in a relatively poor country abroad. It is particularly Orwellian to call US manipulation of foreign elections “promoting democracy.” How would Americans feel if the Chinese arrived with millions of dollars to support certain candidates deemed friendly to China? Would this be viewed as a democratic development?14
After playing a role in the “color revolutions” of Georgia and the Ukraine, the NED’s attention then turned to Egypt. A recent New York Times article has revealed, citing WikiLeaks cables, that the disparate bands of dissident groups have been receiving “training and financing from groups like the International Republican Institute, the National Democratic Institute, and Freedom House.”15 Verification independent of the New York Times article can be found as well. Madeleine Albright, former Clinton-era Secretary of State and chairman of the NDI, appeared on MSNBC’s Rachel Maddow Show to give her analysis of the events in Egypt. “You mentioned that I was chairman of the board of the National Democratic Institute,” Albright says to Maddow in the interview, responding to the pundit’s questions concerning the post-Mubarak government. “We have been working within Egypt for a very long time, in terms of developing various aspects of civil society, and dealing with various and talking to opposition groups who are prepared to participate in a fair and free election.”
Freedom House also openly admits their role in fomenting the unrest. In a May 2009 report, the organization discusses their “New Generation Project” within Egypt, seeking to empower the nation’s “Youtube generation” by “promoting exchange” between “democracy advocates” and “emerging democracies” to “share best practices,” “providing advanced training on civil mobilization” and helping them understand the benefits of “new media.”16 In 2008, representatives from the organization attended the “Alliance of Youth Movements,” an activist summit funded by the State Department, Facebook, MTV, Google, and Youtube to provide a fertile meeting ground for ‘digital activists’ and the corporate leaders behind “new media.” The summit has subsequently been the topic of a set of leaked WikiLeaks cables, describing an ‘unnamed activist’ who there presented “his movement’s goals for democratic change in Egypt.” This same unnamed activist then met with a series of US Congressmen, discussing with them an “unwritten plan for democratic transition” of Egypt into a parliamentary democracy, a plan that had been accepted by “several opposition parties and movements.”17
Disturbingly, this is the same milieu that Ahmed Maher, now an adviser to OWS, travelled in. As researcher Tony Cartalucci has reported:
This of course isn’t Maher’s first trip to the United States. Years before the Egyptian revolution, the United States was quietly preparing a global army of youth cannon fodder to fuel region wide conflagrations throughout the world, both politically and literally. Maher’s April 6 organization had been in New York City for the US State Department’s first ‘Alliance for Youth Movements Summit’ in 2008. His group then traveled to Serbia to train under the US-funded ‘CANVAS’ organization before returning to Egypt in 2010 with US International Crisis Group (ICG) operative Mohamed ElBaradei to spend the next year building up for the ‘Arab Spring.18
CANVAS (Centre for Applied Non Violent Action and Strategies) was founded in 2003 by the Serbian youth organization Optor! (Resistance!), which utilized nonviolent methods of revolt to bring down Slobodan Milošević. Not surprisingly in the least, the organization had received millions of dollars in funding from both the NED and IRI19 while CANVAS itself has worked closely with Freedom House.20 Given the close ties between these youth-based activist organizations and US State Department’s bureaucracy, perhaps it is distressing to note that former Optor! Member and leader of CANVAS, Ivan Marovic, has given talks at the OWS rallies in NYC.21
The Right’s Favorite Boogeyman – and a useful opportunity
Perhaps the centerpiece of the Egyptian Revolution was the individual Mohamed ElBaradei, a director general of the International Atomic Energy Agency and presidential hopeful for Egypt’s parliamentary democracy. ElBaradei, however, has ties of his own to suspicious Western interests – he sits on the board of trustees of the International Crisis Group, which has been described by Madeleine Albright as a “full-service conflict prevention organization.” Despite this astute observation, the membership rosters of the Crisis Group’s various chairmen, trustees, and directors shows a significant overlap with affiliates of the National Endowment for Democracy: Zbigniew Brzezinski, Morton I. Abramowitz, and Stephen Solarz are just a handful of Crisis Group members who represent the interests of both. Here we can find the favorite whipping boy of the right-wing media, the billionaire philanthropist George Soros. Vilified as some sort of a socialist by the likes of Glenn Beck and Michael Savage, Soros, in truth, is far from that sort of ideology. A key figure in the transition of former Soviet states into the world of globalized capitalism, Soros helped engineer the economic ‘shock therapy’ that thrust Poland into a financial tail spin as extensive structural adjustments rattled the already crumbling economy.22
Soros, despite being a clear member of the 1%, has publicly stated his support of OWS:
Billionaire financier George Soros says he sympathizes with protesters speaking out against corporate greed in ongoing protests on Wall Street… Soros says he understands the frustrations of small business owners, for instance those who have seen credit card charges soar during the current crisis.23
There are ties, albeit indirect ones, that can tie Soros to the fledgling Occupy movement. MoveOn.org, a regular recipient of Soros funding, has thrown its weight behind the protestors in an apparent sign of solidarity. As TruthOut’s Steve Horn writes:
On October 5, Day 19 of Occupy Wall Street, MoveOn.org sent out an email calling on clicktivists (as opposed to activists) to “Join the Virtual March on Wall Street.” “The 99% are both an inspiration and a call that needs to be answered. So we’re answering it today, in a nationwide Virtual March on Wall Street to support their demand for an economy that serves the many, not the few … Join in the virtual march by doing what hundreds have done spontaneously across the web: Take your picture holding a sign that tells your story, along with the words ‘I am the 99%,’” wrote Daniel Mintz of MoveOn.org.24
MoveOn.org has a long history of left-wing co-option; as people flooded the streets of American cities in protest of the Iraq War, the online institution dove right into the populist fervor and proceeded to utilize people’s discontent with the Bush administration to garner support for John Kerry’s presidential campaign. The same process was repeated just a handful of years later, with MoveOn.org acting the second largest lobbying organization for Barack Obama (aside from the President’s own Organizing for America). Through a strategic ad campaign – one of MoveOn’s personnel is John Hlinko, a “social media marketing expert” – the organization managed to create a literal army of voters for Obama, reinforcing that the same “hope and change” imagery that was being pumped out by the campaign itself. Both MoveOn and Organizing America’s methodology was a foreshadow to the systems of new media utilized by the Arab Spring protestors; this tool is now being called “netroots,” the transporting of traditional grassroots activities into the virtual sphere.
MoveOn.org is not the only group chiming in to support for OWS. Rebuild the Dream, a progressive-style organization founded by former Obama White House adviser Van Jones, has championed the protestors – “Let’s all support Occupy Wall St.” reads a blurb on their website homepage. During an MSNBC interview, Van Jones directly linked the OWS movement to the Arab Spring, stating “you are going to see an American Fall, an American Autumn, just like we saw the Arab Spring.”
However, the institution changes that OWS is calling for contrast sharply with Jones’ vision of how to take America back: “We’re talking about U.S. senators who want to run as American Dream candidates – soon to be announced. We’ve reached out to the House Democratic Caucus; there are House members who want to run as American Dream candidates.25 Simply put, Rebuild the Dream is an unofficial organ of the Democrat Party, much like how MoveOn.org utilized, mobilized anti-war protestors to generate a large sector of the Democrat’s voting base. In actuality the ties run closer than that – Jones had worked hand in hand with MoveOn.org to initially launch Rebuild the Dream. Furthermore, he had been a senior fellow at Center for American Progress; the progressive institution has received funding from both George Soros26 and the Democracy Alliance organization, where Soros sits on the board of directors.
Co-option of social activism has always been the modus operandi of the Democrat Party. They play “’the role of shock absorber, trying to head off and co-opt restive [and potentially radical] segments of the electorate’” by posing as ‘the party of the people.27 President Obama, riding the crest of the MoveOn.orgs of the country – and not to mention a well orchestrated propaganda campaign – has fit this concept to a T, something that has even been noted by members of the liberal establishment:
Two and a half weeks after Obama’s victory in the 2008 presidential election, David Rothkopf, a former Clinton administration official, commented on the president-elect’s corporatist and militarist transition team and cabinet appointments with a musical analogy. Obama, Rothkopf told the New York Times, was following “the violin model: you hold power with the left hand and you play the music with the right.27
Liberal commentator Thomas Frank has observed the process of “voting for one thing, getting another” at work in the Republican Party:
The trick never ages; the illusion never wears off. Vote to stop abortion; receive a rollback in capital gains taxes. Vote to make our country strong again, receive deindustrialization … Vote to get governments off our backs; receive conglomeration and monopoly everywhere from media to meatpacking … Vote to strike a blow against elitism; receive a social order in which wealth is more concentrated than ever before in our lifetimes, in which workers have been stripped of power and CEOs are rewarded in a manner beyond imagining.28
Is it really any different for the Democrat Party? Vote to end wars, receive troop escalation and change only years after the fact. Vote to allow workers to retain their rights, receive trade agreements that export jobs overseas. Vote to reign in the power of Wall Street, receive taxpayer-funded bail-outs that create moral hazards and prop up corrupt financial regimes. From the left to the right, the story is the same – the great violin keeps playing cheerfully as the world burns. It’s only the hands grasping it, not the system, that change.
One of the clearest portraits of co-option in recent history would be the history of the conservative Tea Party Movement. In its infancy, the Tea Party was a movement launched by libertarian politician Ron Paul, a staunch opponent of the government’s infringement on civil liberties, its use of military force on foreign soil, the monopolization of the financial market by entities such as the Federal Reserve Bank, and the crony capitalism that eventually erupted into the bail-outs. Aside from certain economics views, there is certainly a great deal in Ron Paul’s – and the early Tea Party Movement’s – agenda that is entirely compatible with the demands of the Occupy Movement; it is for this very reason that libertarians have begun to reach out and join in solidarity with the protestors. Furthermore, given the anti-foreign aid and anti-Federal Reserve stance of the early Tea Party Movement, there can perhaps be observed an unspoken lineage between the Tea Party and the uprisings in Egypt and surrounding countries, triggered by Western support of the people’s oppressors and the monetary policies of the Federal Reserve.
Just as Soros controls the purse strings to disrupt and redirect leftist movements into positions aligned with the Democrat Party, the right can find his counterpart in the Koch brothers, the billionaire owners of the little-known Koch Industries. With their money bankrolling organizations such as Americans for Prosperity, David and Charles Koch were able to train torrents of so-called Tea Party activists whose espoused viewpoints are far more in line with typical Republican dialogue than with Ron Paul’s libertarian ethos. The focus was shifted from attacking the Fed and ending the wars and towards union-busting, securing borders, and more often than not, reinforcing unequivocal US support for Israel – a direct clash with the stance that Paul has taken on the topic.
This “astro-turfing” of grassroots movements, of course, requires multiple organizations and front groups to create the veneer of a unified public opinion, and operating alongside Americans for Prosperity is FreedomWorks. Perhaps it is worthy to take into consideration that when the organization was created from a 2004 merger between the Koch-funded Citizens for a Sound Economy and the neoconservative Empower America, several prominent NED officials sat on the board of directors of the former – including Vin Weber (an adviser to Mitt Romney’s ill-fated 2008 presidential campaign), Jeane J. Kirkpatrick (one of the most prominent of Cold War-era hardliners), and Michael Novak (an expert at the neoconservative think-tank American Enterprise Institute).
The Tea Party’s assimilation into the broader spectrum of the Republican political arena was marked by the establishment of the Tea Party Caucus, a coalition of House of Representatives and Senate members that represents perhaps the most powerful political body sitting in the US government – this consortium of leaders are essentially calling the shots when it comes to the right-wing of the American political system. Its members show utter disregard for the original protests of the Tea Party: Louie Gohmert has been a strong and vocal supporter of the war in Iraq, Steve King has openly supported the lobbying industry for their “effective and useful job”[s]29 and Dennis A. Ross was a member of the United States House Oversight Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs. Joe Barton eviscerated any ideological tie between himself and the early stages of the movement that he claims to rally behind (not to mention a disregard for any allegiance to the notion of really existing free markets) by arguing that the removal of subsidies to oil companies would act as a “disincentive” and result in the corporations going out of business.30
Curiously, the place where this whole process of right-wing co-option began – the corporate-financed milieu of Americans for Prosperity and FreedomWorks – was intended to be a “powerful answer to the challenge presented by the Left and groups like America Coming Together (ACT), MoveOn.org, and the Media Fund.31 All three of these organizations are Soros-financed, revealing the hidden irony that ultimately, these seemingly opposing institutions are simply moving potentially disruptive individuals into an entirely compatible paradigm of power that sits in the dual capitals of Washington D.C. and Wall Street. However, this odd dialectic can be entirely useful. Realizing this process will allow individuals who yearn for legitimate change on either side of the aisle to separate themselves from the system, and hopefully, discover the disparate strands that are ideologically compatible between them and their counterparts. It is a rare opportunity for the discontents of “left” and the “right” to shake off the labels applied to them and create an open dialogue and eventual solidarity with one another.
Conclusions and Other Thoughts
Though it may certainly seem like it, this essay was not written to belittle the OWS movement, or attack the actions of those who stood in opposition to Milosevic, apartheid, or Mubarak. However, it was my intention to acknowledge the shortcomings in the aftermath of these fights – Serbia and South Africa both jumped into bed with the IMF, imposing austerity measures in their nations that allowed persistent poverty to fester and even continue to grow. Egypt is certainly following suit now, so even though the brutal fist of the American-backed regime is gone, the slow-burning fires of neoliberalism continue to carry on the torch. For Serbia and Egypt, their revolts, though brilliant displays of the potential of people power, were in no small part shaped by the technicians in State Department, operating through the long arm of the NED. For South Africa, money from George Soros ended up in the coffers of activist groups who quickly changed their tune from the ANC’s quasi-socialist demands to jump starting South African neoliberalism.32 Not surprisingly, these same groups showed a willingness to work closely with the NED.33
The NED, much like Soros’ civil society empowering programs, promotes a little known methodology called low-intensity democracy.
Low-intensity democracies are limited democracies in that they achieve important political changes, such as the formal reduction of the military’s former institutional power or greater individual freedoms, but stop short in addressing the extreme social inequalities within… societies. …they provide a more transparent and secure environment for the investments of transnational capital… these regimes function as legitimizing institutions for capitalist states, effectively co-opting the social opposition that arises from the destructive consequences of neoliberal austerity, or as Cyrus Vance and Henry Kissinger have argued, the promotion of “pre-emptive” reform in order to co-opt popular movements that may press for more radical, or even revolutionary, change.34
Thus, it can be considered to be worrisome that individuals who were trained under institutions that implement this system are turning up at OWS rallies. While the NED’s agenda is to establish low-intensity democracies around the world, this is precisely the type of governance that we are dealing with in the United States, the very system that produced the antagonism found in both the Tea Party and OWS. To consent to it would be a rejection of the spirit of the protest and an embrace of what is opposes.
It is the Democrat Party that could possibly represent this system even more so than the Republicans. It is the party of Social Security, government-provided medical care, and other welfare programs. Does this function of the party not dim and obfuscate the fact that it is also the party of bail-outs and NAFTA? Realizing this simple fact is paramount to creating a movement of legitimate change in the world; we must seek to deconstruct low-intensity democracy and replace it with Really Existing Democracy. We have already seen this functioning in a micro-sense at OWS rallies, where leadership positions are voluntary and voted in by the whole of the people. Decisions are made in a similar matter, putting the course of action and the direction of the movement in its entirety in the hands of the protestors, not in bureaucrats and moneymen with agendas of their own. It is organic and autonomous, and on an international level holds to be what Gilles Deleuze and Félix Guattari referred to as a ‘rhizome’ – “a nonhierarchal and noncentered network structure.35
There are further reasons to be optimistic about the movement’s direction. The official OWS website hosts a petition with a “formal demand that MoveOn.org leaves” – “this is OUR movement and it is NOT Obama’s personal reelection campaign,” it reads.36 The leftist online newspaper TruthOut has called attention to MoveOn.Org and Rebuild the Dream’s attempts to cozy up to the protestors, while Michel Chossudovsky, the professor emeritus of the economics department at the University of Ottowa, has published a piece for his Centre for Research on Globalization detailing the arrival of NED associates at OWS rallies.
There is an opportunity here. We live in a time marked by crisis, catastrophe, poverty, and war, but it is in times of disruption like these that rifts open in the landscapes of the global system, providing people with a chance to take the wheel, if they so choose. For America, this time arises from the great disappointments of our so-called democratic process – the hookwinking of the masses by the left-right one-two punch by the back to back presidencies of George W. Bush and Barack H. Obama has led more people to step back, reconsider their presumptions about the world’s machinery, and begin to demand that their voices be heard. What happens from here, with the choices marked by the path to liberation or the well-worn roads of hegemony, is entirely contingent on the will of the people.
Edmund Berger is an independent writer and researcher from Louisville Kentucky, where he has been active in the pro-Palestinian movement.
December 21, 2011
Posted by aletho |
Deception, Economics, Progressive Hypocrite, Solidarity and Activism, Timeless or most popular |
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Japanese Foreign Minister Koichiro Gemba says his country will not stop importing oil from the Islamic Republic of Iran.
Gemba made the remarks on Monday during a visit to Washington after talks with US Secretary of State Hillary Clinton, noting that stopping crude imports from Iran could endanger the entire global economy.
“Specifically in relation to the (US) national defense authorization act, which targets the central bank of Iran, I conveyed my view that there is a danger of causing damage to the entire global economy if the imports of Iranian crude oil stop,” he said.
According to a report published in a Japanese newspaper on Sunday, Japan, which gets 10 percent of its oil imports from Iran, would be hardest hit in case sanctions were slapped against the Iranian oil industry over the Islamic Republic’s nuclear program.
Earlier in the last week, both houses of the US Congress passed a bill that included provisions that would impose sanctions on the foreign financial institutions that did business with the Central Bank of Iran.
The United States, Britain, and Canada imposed unilateral sanctions on Iran’s energy and financial sectors on November 21 in the wake of the latest report by the International Atomic Energy Agency (IAEA) on the country’s nuclear activities.
The report accused Iran of seeking military objectives in its nuclear program.
Iran has dismissed the report as “unbalanced, unprofessional and prepared with political motivation and under political pressure by mostly the United States.”
The US, the Israeli regime, and some of their allies have repeatedly and rhetorically accused Tehran of pursuing military objectives in its nuclear program.
Iran argues that, as a signatory to the nuclear Non-Proliferation Treaty and a member of the IAEA, it has the right to develop and acquire nuclear technology for peaceful purposes.
The IAEA has conducted numerous inspections of Iran’s nuclear facilities, but has never reported any specific evidence indicating that Tehran’s civilian nuclear program has been diverted to nuclear weapons production.
December 19, 2011
Posted by aletho |
Economics, Wars for Israel |
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