"Never since the end of the Second World War have international
    capitalism and its class relations been subject to such a withering
    critical onslaught as at present," writes Frederic Clairmont in
    Globalization:  The Purgatory of Delusions.  In the first of the two
    essays published here, the celebrated economist and humanist
    provides us with his own rich critical insights on what he considers
    to be the irreversible debacle of monopoly capitalism, in which the
    meltdown of 2007-08 is but on aspect of the continuing crisis.

    The raging upheavals and stagnation in the eurozone, and what
    the author considers its non-sustainability, joined to the endemic
    depression of American capitalism, underscore the convulsive
    character of imperialism and its ideological expression,
    neoliberalism.  Amid the rising tide of poverty, unemployment and
    human misery, economic power is becoming ever more
    concentrated in the hands of an elite minority, and the criminal
    workings of high finance ever more repugnant in the eyes of the
    stricken majority concisely designated as the 99 percent.  This
    crisis of capitalist globalization, asserts Dr. Clairmont, conclusively
    shatters the illusion of perpetual prosperity peddled by the zealots
    of the free market.

    The second essay, the Demise of the Quisling Duo:  Reflections on
    Imperial Pathology, offers a no-holds-barred look back at the lives
    of Vaclav Havel and Christopher Hitchens, who passed away within
    days of each other in December 2011.  An entrenched anti-
    communist and founding president of the Czech Republic, Havel
    and his foreign backers rocketed his country into the imperialist
    orbit, while Hitchens, who had always masqueraded as a "socialist",
    became a staunch cheerleader of the US invasion of Iraq.  As Dr.
    Clairmont documents, each "served ... in his own specific way, the
    cause of imperial genocide."


    Dr. Frederic Clairmont was for many years a permanent
    senior economic affairs officer in the United Nations
    Economic Commission for Africa and the UN Conference on
    Trade and Development (UNCTAD).  He is one of the world's
    leading international marketing and financial analysts  He
    has also taught at University of King's College and
    Dalhousie University.  He is author of the celebrated work,
    The Rise and Fall of Economic Liberalism, and several major
    works on transnational control of global commodity

The Purgatory of Delusions

Frederic  F. Clairmont

ISBN: 0-9845255-6-4
$10.95 / 114 pp. / 2012

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