Daily Archives: February 22, 2009

THE DEATH OF CAPITALISM

What we don’t know will hurt us

And so on the 29th day of his presidency, Barack Obama signed the stimulus bill. But the earth did not move. The Dow Jones fell almost 300 points. G.M. and Chrysler together asked taxpayers for another $21.6 billion and announced another 50,000 layoffs. The latest alleged mini-Madoff, R. Allen Stanford, was accused of an $8 billion fraud with 50,000 victims.

“I don’t want to pretend that today marks the end of our economic problems,” the president said on Tuesday at the signing ceremony in Denver. He added, hopefully: “But today does mark the beginning of the end.”

Does it?

No one knows, of course, but a bigger question may be whether we really want to know. One of the most persistent cultural tics of the early 21st century is Americans’ reluctance to absorb, let alone prepare for, bad news. We are plugged into more information sources than anyone could have imagined even 15 years ago. The cruel ambush of 9/11 supposedly “changed everything,” slapping us back to reality. Yet we are constantly shocked, shocked by the foreseeable. Obama’s toughest political problem may not be coping with the increasingly marginalized G.O.P. but with an America-in-denial that must hear warning signs repeatedly, for months and sometimes years, before believing the wolf is actually at the door. [continued…]

Editor’s Comment — There is a pathological optimism inherent in every colonial enterprise. And while a pillar of America’s founding mythology is that this is nation which cast off the chains of a colonial power, that myth serves to obscure the fact that with or without British oversight, the American project always required that America be conceived as a quasi-divine creation and not a colonial imposition on an already inhabited land.

This image of an immaculate conception has thus always made it difficult for America to develop a healthy sense of the tragic. Yet a fixation on a hopeful future inevitably requires a denial of death.

We want renewal but we hesitate to imagine that first must come destruction. Death precedes rebirth.

As yet another small sick tale of the profligacy of bankers emerges — a 43,000 pound binge on champaigne spent on banker’s night out in London a few days ago — and as growing outcry says that what banking executives call “compensation” is in the eyes of the rest of us simply theft, it might seem hard to imagine that there could be such a thing as a good banking story.

Muhammad Yunus has already been honored with the Nobel Peace Prize, but if his message until recently might have seemed quaintly out of sync with the raucous engine of capitalism, now that that engine is not merely sputtering but is emitting the death rattle, there has never been a better time to pay attention to the story of Grameen banking.

How capitalism failed

The granting of the Nobel Prize to Grameen Bank did a lot to focus the world’s attention on microfinance as a tool for alleviating global poverty, and it is encouraging to see so many countries adopting microfinance at the local and national levels. But in other ways, the last two years have been difficult. Continue reading

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NEWS & VIEWS ROUNDUP & EDITOR’S COMMENTS: February 22

From captive to suicide bomber

As President Obama takes the first tentative steps toward fulfilling his campaign promise to close Guantanamo, the case of Abdallah Ajmi has become a symbol of the vexing challenge his administration faces in adjudicating the fates of terrorism suspects held by the United States, a process that almost certainly will result in the release of additional detainees among the approximately 245 now in custody there.

What makes Ajmi’s journey from inmate to bomber so disturbing to top government officials is the fact that he never was deemed to be among the worst of the worst. He was not one of the former top al-Qaeda operatives considered “high value” detainees; nor was he regarded as someone who posed a significant, long-term threat to the United States.

Compared with what other Guantanamo detainees were believed to have done, the principal accusation leveled against him — that he fought for the Taliban — was unremarkable. At his Combatant Status Review Tribunal, he was not accused of perpetrating any specific violent acts other than “engaging in two or three fire fights with the Northern Alliance,” according to a summary of evidence presented by the military.

As one former U.S. government official involved in detainee issues put it, Ajmi was “never on anyone’s top 10 list of people we expected to return to the fight.”

Since his death, U.S. intelligence agencies have sought to determine when Ajmi became a hard-core jihadist. Was it in the late 1990s, when he came under the sway of a radical preacher while serving in the Kuwaiti army? Was it in 2001, when he allegedly joined the Taliban? Was it upon his release in 2005, when extremists back home celebrated him as the “Lion of Guantanamo”?

Or is the answer potentially more alarming: Was his descent into unrepentant radicalism an unintended consequence of his incarceration? [continued…]

Editor’s Comment — In America immediately after 9/11, if intelligent public debate had not been crushed by fear and national hysteria, a vital question could have been considered and its answer then could then have become instrumental in policy making.

The question: Did the Egyptian government’s sytematic use of torture have a crucial role in molding the jihadist philosophy and psychological outlook of men such as Ayman al-Zawahiri?

This incredibly important question has received amazingly little attention. An exception would be Chris Zambelis’s essay published by the Jamestown Foundation last summer: Is there a nexus between torture and radicalization?

If, as was surely possible, policymakers had concluded very early on, that torture was not merely illegal and immoral but that it actually fuels terrorism, Guantanamo would never have been opened. The “dark side” that Cheney proposed entering would have been seen to be nothing more than an emotive and utterly wrong-headed response to an issue that had to be addressed with intelligence.

Alleged torture victim to be freed from Guantanamo

Binyam Mohamed, an Ethiopian-born British resident who has been held without charge for seven years, is expected to be released from Guantanamo Bay and return to Britain early this week.

Mr Mohamed’s detention and allegations that he was tortured while subject to the “extraordinary rendition” programme adopted by the Bush administration and yet to be abandoned by the Obama administration, have led to legal proceedings in both the US and the UK. Continue reading

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