The past may be prologue, but it is first necessary to know what that past is, a growing problem in a modern age when so much is miswritten, misunderstood or forgotten. This dilemma of “secret” history is now a factor in the Greek debt crisis, says ex-U.S. diplomat William R. Polk.
In recent years, the Republican obsession with slashing the federal budget even at a time of high unemployment rested on the intellectual foundation of a study purporting to prove that government debt strangled economic growth. But that foundation crumbled when a computation error was revealed, as Beverly Bandler explains.
Focusing on issues like terrorism and austerity, the world has slid back toward neglecting the slow-grinding existential threat of global warming. A report card by an Establishment think tank offers poor grades on some of the most important subjects, reports ex-CIA analyst Paul R. Pillar.
Western governments are stepping up their demands for public “austerity” hitting the middle and lower classes, even as extravagance remains the watchword for Wall Street and the rich. In Spain, a determined movement of “indignados” has emerged to challenge this political/economic dynamic, Pablo Ouziel reports.