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Alternatives to Capitalism

There Are Good Alternatives to US Capitalism, But No Way to Get There

Jerry Mander’s new book explores the fatal flaws of the “obsolete” capitalist system and strategies for change.

By Jerry Mander

The following is an excerpt from Jerry Mander’s new book The Capitalism Papers: Fatal Flaws of an Obsolete System (Counterpoint, 2013):

Which Way Out?

Let’s start with some good news. There is no shortage of good alternative ideas, plans, and strategies being put forth by activist groups and “new economy” thinkers in the United States and all countries of the world. Some seek to radically reshape the current capitalist system. Others advocate abandoning it for something new (or old). There is also a third option, a merger of the best points of other existing or proposed options, toward a “hybrid” economic model that can cope with modern realities.

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Tsunami hits Japan after massive quake

The most powerful earthquake to hit Japan since records began has struck the country’s north-east and triggered a devastating tsunami.

Japanese TV showed cars, ships and buildings swept away by a vast wall of water after the 8.9-magnitude quake.

A state of emergency has been declared at a nuclear power plant but officials said there were no radiation leaks. …

Read more : BBC

International Pressure on Qaddafi Intensifies

Qaddafi’s Army and Jets Strike at Rebels

By KAREEM FAHIM and DAVID D. KIRKPATRICK

BENGHAZI, Libya — Colonel Muammar el-Qaddafi’s forces struck back on three fronts on Monday, using fighter jets, special forces units and regular army troops in an escalation of hostilities that brought Libya closer to civil war.

The attacks by the colonel’s troops on an oil refinery in central Libya and on cities on either side of the country unsettled rebel leaders — who earlier had claimed they were close to liberating the country — and showed that despite defections by the military, the government still possessed powerful assets, including fighter pilots willing to bomb Libyan cities.

But the ease with which at least one assault, on the western city of Zawiyah, was repelled by anti-government forces raised questions about the ability of the government to muster a serious challenge to the rebels’ growing power.

An international campaign to force Colonel Qaddafi from power gathered pace on Monday as the Obama administration announced it had seized $30 billion in Libyan assets and the European Union adopted an arms embargo and other sanctions. As the Pentagon began repositioning Navy warships to support a possible humanitarian or military intervention, Secretary of State Hillary Rodham Clinton bluntly told the Libyan leader to surrender power “now, without further violence or delay.” …

Read more : The New York Times