Posted on December 18, 2009 by Doug Henwood
score one for the cows An interesting article in the New York Times earlier this week, reporting that Congress has done absolutely nothing to reform the credit-rating industry. You may recall that the credit rating industry helped give us the recent financial crisis, which, though ending, has left behind a toxic economic residue. The industry is paid by the issuers of securities to rate them. Investors then choose whether or not to buy these securities based on the ratings. You may wonder how objective these ratings are if they’re paid for by… Read More
Posted on April 20, 2009 by Doug Henwood
[This is an edited version of my remarks delivered on the panel, ”Nationalize the Banks! What Does it Really Mean?,” organized by the Socialist Register, at the Left Forum, New York City, April 19, 2009.] The title of our session reminds me of that glorious week in Seattle back in December 1999. At that time, and for a little while afterwards, it seemed like a new movement had been born, and there was some real potential for transforming, or even overthrowing, capitalism. One of my favorite chants of that moment of carnival came… Read More
Posted on April 2, 2009 by Doug Henwood
The World Socialist Website doesn’t like my contribution to The Nation’s forum on socialism. (Odd, they don’t provide links to the texts that they criticize—a challenge to readers who want to make up their own minds.) Still, you can’t please everyone. In the interests of opening a constructive dialogue—what can I say? I’m getting mellow in my late middle age—I’d be very curious to hear what the WSWS’s vision of a future society looks like, and how they propose to get there. Will the working class storm The White House and/or the Goldman Sachs trading floor?… Read More
Posted on March 13, 2009 by Doug Henwood
The Nation is doing a series on socialism. My contribution: A Post-Capitalist Future is Possible
Posted on December 18, 2009 by Doug Henwood
Radio commentary, December 10, 2009
score one for the cows An interesting article in the New York Times earlier this week, reporting that Congress has done absolutely nothing to reform the credit-rating industry. You may recall that the credit rating industry helped give us the recent financial crisis, which, though ending, has left behind a toxic economic residue. The industry is paid by the issuers of securities to rate them. Investors then choose whether or not to buy these securities based on the ratings. You may wonder how objective these ratings are if they’re paid for by… Read More
Posted on April 20, 2009 by Doug Henwood
Nationalize the banks?
[This is an edited version of my remarks delivered on the panel, ”Nationalize the Banks! What Does it Really Mean?,” organized by the Socialist Register, at the Left Forum, New York City, April 19, 2009.] The title of our session reminds me of that glorious week in Seattle back in December 1999. At that time, and for a little while afterwards, it seemed like a new movement had been born, and there was some real potential for transforming, or even overthrowing, capitalism. One of my favorite chants of that moment of carnival came… Read More
Posted on April 2, 2009 by Doug Henwood
The transitional program of the Marxoid groupuscles
The World Socialist Website doesn’t like my contribution to The Nation’s forum on socialism. (Odd, they don’t provide links to the texts that they criticize—a challenge to readers who want to make up their own minds.) Still, you can’t please everyone. In the interests of opening a constructive dialogue—what can I say? I’m getting mellow in my late middle age—I’d be very curious to hear what the WSWS’s vision of a future society looks like, and how they propose to get there. Will the working class storm The White House and/or the Goldman Sachs trading floor?… Read More
Posted on March 13, 2009 by Doug Henwood
A post-capitalist future
The Nation is doing a series on socialism. My contribution: A Post-Capitalist Future is Possible
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