Articles by James Petras

and US Global Strategy James Petras Todd Cavaluzzi Liberalisation is not merely a 'development strategy' elaborated to facilitate Latin American integration into the world market Nor is it an inevitable product of some immanent 'globalisation process'. Rather liberalisation is a product of US economic policy-makers, bankers and multinational corporations allied with Latin American transnational capitalists. It is specific class and state interests (not world system imperatives) that dictate the new liberal political economy. In this sense reversing liberalisation must begin at the national level within the class structure and move upward and outward.

Cultural liberation involves not merely empowering individuals or classes, but is dependent on the development of a socio-political force capable of confronting the state terror that precedes cultural conquest Most importantly, the Left must recreate a faith and a vision of a new society built around spiritual as well as material values.

estimate puts it above Rs 10,000 crore. It is no insignificant loss for a poor country like India.
'Rita Services drew up a tentative estimate of the total loss due to the January riots. According to this estimate, the loss of gross value of output of goods and services comes to Rs 1,250 crore; the loss of trading business Rs 1,000 crore, the loss of exports Rs 2,000 crore, the loss of tax revenue for the government Rs 150 crore and loss of properties worth about Rs 4,000 crore. Thus according to this estimate the total losses come nearly to Rs 9,000 crore. Also, add to this the compensation, etc, the government will have to pay to the riot victims and destruction of their properties. It would be a staggering sum.

James Petras Chronis Polychroniou Bill Clinton's appointments to key cabinet posts and those immediately below are all oriented towards global policies and the indications are that the pursuit of 'American leadership' for global hegemony will define the limits and ultimately the failure of the Clinton administration's effort to reconstruct America.

Democracy of Poverty James Petras Morris Morley The divergent outcomes resulting from the crises in eastern Europe and Latin America are not the result of the demise of economic systems or the superiority of one system over the other but have more to do with the willingness and capacity of the US to reshuffle political regimes while retaining strategic ties to the underlying authoritarian states and economic elite structures. At the same time Latin America's coercive structures have also exhibited a capacity to hold on to power during periods of transition thus guaranteeing the continuity of the social system against democratic social movements and mass popular upheavals.