by IIRE Fellow James Cockcroft

The military coup currently underway in Honduras is a hard coup accompanied by various vain attempts to make it appear soft and "constitutionalist."  Behind the coup are diverse social, economic, and political forces, of which the most important is the administration of President Barack Obama. No important change can happen in Honduras without Washington's approval.  The Honduran oligarchy and transnational corporations (banana growers, pharmaceutical manufacturers) are defending their interests, as they always have, with a military coup.

By IIRE Fellow Eric Toussaint

As a result of the depression of the 1920s and 1930s, a new wave of critics tackled the neo-classical creed on a largely pragmatic basis. This new wave was international and involved political leaders and economists from differing belonging to various currents backgrounds: enlightened bourgeois thinkers, socialists and Marxists. In a context of mass unemployment and depression, proposals came forward for major public works, for anti-cyclical injections of public money, and even for bank expropriations.

IIRE fellow Claudio Katz interviewed by Fernando Arellano Ortiz

The exit from the systemic crisis of capitalism needs to be political, and "a socialist project can mature in this turbulence."  So says the Argentine economist, philosopher, and sociologist Claudio Katz, who also warns that the "global economic situation is very serious and is going to have to hit bottom, and now we are but in the first moment of crisis."