The deep, historical-roots of Cuban anti-imperialism

Colonialism, imperialism and anti-imperialism have been decisive in shaping Cuban political identity for 150 years. US determination to control Cuba, consistent with the Monroe Doctrine, had a strong economic rationale even before Spain was defeated in the War of Independence in 1898. Debate raged between Cubans who aspired to true independence and an annexationalist minority, who favoured union with the US. The Platt Amendment imposed on Cuba by the US in 1903 ‘reduced the independence and sovereignty of the Cuban republic to a myth’. Between then and the Revolution of 1959 Cuba was effectively first a protectorate and then neo-colony of the US, which dominated the Cuban economy, politics and foreign policy. Tackling the terrible socioeconomic and political effects of Cuba’s subjugation under the Spanish empire and then US imperialism necessitated a radical transformation of the Cuban economy, political institutions and power structures. The transition to socialism inevitably meant confronting US imperialism – and vice versa. Since 1959, US imperialism, with its powerful allies in the right-wing exile community based in Miami, have relentlessly tried to destroy the Revolution and Cuban socialism. The issue of imperialism remains key today, in the post-Fidel, President Trump era

Retrospectives: Who Said "Debauch the Currency": Keynes or Lenin?

One frequently quoted passage from the work of John Maynard Keynes is that "the best way to destroy the capitalist system [is] to debauch the currency." The passage, attributed to Vladimir Illyich Lenin, appears in Keynes' book The Economic Consequences of the Peace , which became an international bestseller when it was published in 1919. Economic historian Frank W. Fetter and others have expressed doubt that Keynes was really quoting Lenin because they found no such statement in Lenin's collected published writings. Fetter suggested that Keynes based his remark on stories about what the Soviets were supposed to be saying that he heard at the Paris peace conference of 1919. It is now possible to show that Keynes based his remark on a report of an interview with Lenin published by London and New York newspapers in April 1919. Keynes' discussion of inflation in the Economic Consequences can then be read as an extended commentary on the remarks attributed to Lenin in the interview. While the report of the interview was not reprinted after 1919, it will be also shown here that Lenin responded to Keynes in a speech that was reprinted in his Collected Works .

The political economy of foreign investment in Latin America: dependency revisited

Examination of foreign investment inflows, stock, and outgoing profit flows from Latin America in the neoliberal period shows that the basic tenet of the dependency thesis still holds: there is a huge and underreported transfer of surplus value out of the continent. European capital has overtaken U.S. capital as a source of investment, and within the Andean region there are two distinct groups of countries with regard to investment regime: the Andean nations of the Alianza Bolivariana para los Pueblos de Nuestra América (Bolivia, Ecuador, and Venezuela), which have succeeded in increasing the proportion of surplus profits retained in their national economies against that part captured by international capital, and their non-ALBA neighbors. A new dialectic of domination and dependency is at work, with the focus on contesting bilateral free-trade agreements and investment treaties