military spending // Current

Obama may be forced to cut key military projects

"Pentagon insiders and defense budget specialists say the Pentagon has been on a largely unchecked spending spree since 2001... more

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Goldman Sachs socialism

Pepe Escobar: World markets - and top economists - dismiss the Wall Street bailout. World markets on the verge of panic... more

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The roots and remedies of the financial crisis

Leo Panitch: It's time to make banking a public utility. Part 4 In the last segment of Senior Editor Paul Jay's... more

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Time to face facts In Afghanistan

By Eric Margolis

For those who savor historical irony, the Soviet Empire collapsed in the years 1989-1991 because of an implosion of its economy brought on by a ruinous arms race with the United States and the heavy costs of occupying Afghanistan.

Seventeen years later came the turn of the world’s other great imperial power, the United States. Lethally bloated by runaway debt, and burdened by 50% of the world’s military spending, the house of cards known as the US economy finally collapsed.

The doomsday news from New York and Washington has obscured most other world affairs. This is unfortunate because for the first time there is a flicker – and I mean only a flicker – of light at the end of the Afghanistan tunnel. It may only be an oncoming truck bomb.

The US-installed Afghan president, Hamid Karzai, revealed last week he had asked Saudi Arabia to broker peace talks with the alliance of tribal and political groups resisting Western occupation collectively known as Taliban. Saudi Arabia had been one of the few nations to recognize the Taliban government and retains considerable influence in Afghanistan and remains a loyal friend of Pakistan.

Taliban leader Mullah Omar quickly rejected Karzai’s offer, and claimed the US was heading toward the same kind of catastrophic defeat in Afghanistan that the Soviet Union had met. The ongoing financial panic in North America lent substance to his words.

The US economy is in grave peril and its big three automakers may soon face bankruptcy. In a crazy sidebar, as Wall Street and the Us banking system faced meltdown, the insouciant Pentagon just announced it would spend $300 million with American `contractors’ to spread pro-US propaganda in Iraq. This remarkable idiocy notwithstanding, Washington could soon run out of money necessary to keep paying for operations in Iraq, and bribing Pakistan with $250-300 million a month to wage war against its own rebellious Pashtun tribes people along the Afghanistan border.

The able and forthright US commander in Afghanistan, Gen. David McKiernan, urgently called for at least 10,000 more troops. US and NATO forces in Afghanistan are increasingly on the defensive, hard pressed to defend vulnerable supply lines in spite of massive fire power and total control of the air.

Attacks on US and NATO convoys are even beginning at the port of Karachi. The prospect of the US spreading a war it can’t win in Afghanistan into Pakistan is military and political madness.

Startlingly, Gen. McKiernan appeared to break with Bush administration policy by proposing political talks with Taliban and admitting the war had to be ended by diplomacy. The military men know this war cannot be won on the battlefield. McKiernan’s predecessor told Congress that 400,000 US troops would be needed to pacify Afghanistan. There are currently 80,000 western troops in Afghanistan, many of them unwilling to enter combat.

(more below)By Eric Margolis For those who savor historical irony, the Soviet Empire collapsed in the years 1989-1991 because of an... more