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Honduras: The Moment of Truth for the Obama Administration

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.

Keynesian Revolution and neo-liberal Counter-revolution

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.

 

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