Schlagwort: 1998
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Lynn Walsh: Western Crony Capitalism
[Socialism Today, No 34, December 1998 – January 1999, p. 2-3] The insolvency and near collapse of Long Term Capital Management (LTCM), formerly the premier hedge fund, brought the world financial system to the very edge of meltdown. Only the rapid $3.6bn rescue organised by the Federal Reserve averted catastrophe. While LTCM has been bailed…
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Lynn Walsh: The meaning of the mid-term elections
[Socialism Today, No 34, December 1998 – January 1999, p. 16-19] The tactics adopted by the Republicans in the US mid-term elections rebounded on them. Their campaign to turn the elections into a plebiscite on the impeachment of the president was decisively rejected by voters. This has not only strengthened Clinton’s position, but seriously damaged…
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Lynn Walsh: Capitalism’s Economic and Political Crisis
[Socialism Today, No 32, October 1998, p. 8-15] Russia’s economic collapse at the end of August, one more broken link in the chain of international crisis, marked a qualitative turning-point. Bourgeois strategists were at last forced to confront the stark reality facing them, writes Lynn Walsh Asia, whose inter-regional and external trade makes up a…
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Lynn Walsh: The Nightmare Scenario
[Socialism Today, No. 30, July 1998] An obscene and potentially extremely dangerous nuclear arms race has opened up on the south Asian subcontinent. What lies behind this renewed arms race and what are the prospects for a nuclear exchange? Lynn Walsh writes. On 11-13 May, India (after 24 years without nuclear tests) carried out a…
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Lynn Walsh: The Politics of Zippergate
[Socialism Today, No. 6, March 1996, p. 16-19] The Chief Executive of the world’s most powerful state is embroiled in a new sleaze crisis – Zippergate. Incredibly, this revolves around the allegation that president Clinton had sex with a 21-year-old former White House intern, Monica Lewinsky, and that he and his advisors conspired to get…