5 November 2012   Leave a comment

Happy Guy Fawkes Day!

Earlier in the course we discussed various theories of imperialism, among them the social-psychological theories that raised the specter of a “warrior” class, or, in more modern parlance, the military-industrial complex.   Aaron O’Connell, a professor at the US Naval Academy, wrote an op-ed piece for the New York Times  that analyzes this idea in contemporary terms.

A 48 hour strike has been called by Greek labor unions in protest of the next round of austerity cuts proposed by the government.  Tensions are high now because the deadline for Greek repayment of the next series of debts is 11 November and the troika (the EU, the ECB, and the IMF) are waiting to see the cuts before the lend Greece the money to make the repayments (I know, loaning money to pay back loans doesn’t make much sense, but such is the world we currently live in–the troika is lending Greece the money so that it can repay the banks that currently hold Greek debt).  In the meantime, France is resisting the austerity cuts–we’ll see how the world markets react to the French decision.

Posted November 6, 2012 by vferraro1971 in World Politics

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