Category Archives: History

The New Paradigm: Major Central Banks Don’t Fail

Warren Buffet has called the Federal Reserve, the US central bank, “The Greatest Hedge Fund In History”.  That is because the Fed as it is commonly known has persisted in printing money and buying $85 billion in bonds each month in order to artificially support the US and by extension the global financial markets.

This is quite possibly the recipe for another financial disaster. Continue reading

Important Lessons From The Syria Crisis

There are several lessons that one should learn from the current crisis in Syria in terms of history, geopolitical strategy and the balance of powers.

America Has Always Been Reluctant To Engage In Foreign Wars

America has always been reluctant to engage in foreign wars. They waited virtually until the last minute to enter World War I and were literally forced into World War II by the actions of Japan at Pearl Harbour. As such, the current reluctance to engage in Syria is nothing new. However, the ghost of the Iraq War does play a major role in this new found affinity for non-intervention.  Continue reading

How Race, Xenophobia Are Defining American Democracy

The following is the third in a series of articles on democracy. The first article, on the Arab Spring can be found here and the second article on the EU can be found here.

During the 1980s, despite his hawkish attitude towards the Soviet Union and his placement of US nuclear missiles in Europe, President Ronald Reagan reached agreement on the reduction of nuclear weapons with Soviet leader Mikhail Gorbachev. Some historians say that Reagan’s challenge to the Soviet system was one of the reasons for the downfall of communism.

Fast forward to December 2012 where the US Senate fails to muster the two-thirds majority required for ratifying the UN Convention on the Rights of Persons with Disabilities. They failed because Republicans feared the Tea Party would go against them for making deals with the UN, a “foreign power”.

It is a sad statement on the state of democracy in America today—those who claim to be Reagan’s followers have no clue as to how his legacy was developed. It is all a testament to the role race and xenophobia are playing in the political gridlock that is today’s American democracy. Continue reading

Is The EU Good Or Bad For Democracy?

The following is the second in a series of articles on democracy. The first article, on the Arab Spring, can be found here.

Those who believe that the European Union is bad for democracy are perhaps not taking into account all of its achievements. They need to take a closer look. Continue reading

Arab Democracy Will Take Time: That Should Not Surprise Us

The following is the first in a series of articles on democracy.

Many western observers of the Arab Spring are surprised that democracy has not taken hold in internet or social media time. It appears that they have forgotten just how long it took to establish democracy in the west. Perhaps it is necessary to explain, that despite our hopes and expectations, the Arab world cannot achieve a Renaissance, a Reformation and democracy at warp speed. That very same transformation took Europeans several hundred years.

To better understand the nature and consequences of the Arab Spring and other events in the Middle East we need to develop a better understanding of the history of democracy in the region and how it compares to what happened in Europe. Continue reading