The Article: What’s So Bad About Israel? by Michael Neumann in July of 2002 for Counter Punch.

The Text: It’s hard to say what’s so bad about Israel, and its defenders–having nothing better to use–have seized on this. Some do so soberly, like Harpers publisher John R. MacArthur, who thinks Israel comes off no worse than the Russians in Chechnya, and much better than the Americans in Vietnam (Toronto Globe and Mail, May 13th, 2002). Others do so defiantly. True, Israel has taken the land of harmless people, killed innocent civilians, tortured prisoners, bulldozed houses, destroyed crops, yada yada yada. Who cares? What else is new?

I completely sympathize with this point of view. The appetite for world-class atrocity may be adolescent, but it belongs to an adolescence that many of us never outgrow. The facts are disappointing. Even compared with post-Nazi monsters like Pol Pot or Saddam Hussein, the Israelis have killed very few people; their tortures and oppression are boring. How could these mediocre crimes compete for our attention with whatever else is on TV?

The Article: Karl Marx and the Global Economic Crisis by William Bowles.

The Text: I often wonder how Karl Marx would react were he to find himself here, right now? After all, he too lived through momentous and world-changing times, perhaps even more so than the changes we are experiencing, given that his was the world that gave birth to the rise of the Machine and capitalism as we know it. Born on the cusp so-to-speak and I too, was born on the cusp, 23 July, 1945, a couple of weeks before the empire showed the world that it was truly barbarian when it dropped atomic bombs on Hiroshima and Nagasaki.

I also caught the tail-end of 20th century socialist culture, warts an’ all. But I did more than just catch the tail-end, I inherited the culture of the two generations of lefties that preceded mine, one that stretched from here in the UK to the edge of the Black Sea. Worker intellectuals are a unique product of the Industrial Revolution, my father was one of them. Self-taught, multi-skilled (and talented), his father started out working for some lordship or other as a plantsman, growing orchids I think; moved to the city were he managed a Cross & Blackwell warehouse. He was a socialist by nature, a believer in ‘natural justice’ and he communicated it to all of his eight kids.

The Article: Has the left blown its big chance of success? by Andy Beckett in the Guardian.

The Text: Surprisingly, perhaps, the mood at Marxism 2009 was animated rather than feverish. Photograph: Frank Baron

It is a rare sunny summer morning and I am on the bus from Stoke Newington to Bloomsbury in central London. In these old, slightly earnest parts of the capital, leftwing politics runs deep: from Karl Marx writing in the British Library to communes in the 70s to today’s dogged socialist flyposters. This morning’s bus ride does not disappoint. Seated in front of me, en route to Marxism 2009, the pre-eminent British gathering of the international radical left, are a clean-cut man and woman in their early 20s. He is wearing a crisp new T-shirt that reads “Revolución Bolivarana”. She has a large rucksack. They are speaking German, but the word “socialism” recurs.

The Article: Can Obama be deprogrammed? The president is a prisoner of the cult of neoliberalism by Michael Lind at Salon.

The Text: In my first foray into political life in the 1970s, I worked during college on the staff of a liberal Democrat in the Texas state Senate. Only a few years earlier, Patty Hearst had been kidnapped and brainwashed by the Symbionese Liberation Army, and a moral panic about cults seducing college kids was sweeping the nation. One result was the rise of a new, thankfully ephemeral profession: “deprogrammers” who for pay would kidnap a young person from a cult and break the spell, by means of isolation, interrogation and maybe reruns of “The Waltons.”

A reactionary Republican state senator from the Houston area, who was heartily despised by my senator, introduced a bill granting parents the right to hire deprogrammers to kidnap adult children who belonged to what the parents regarded as cults and then confine them in motels for several weeks, subject to psychological coercion, without notifying the authorities. Needless to say, this deprogramming law was the greatest threat to the tradition of habeas corpus until another reactionary Texan was installed in the White House in 2001. The bill was laughed to death, when, during a hearing, the sponsor was asked if it could be used to deprogram young people who had joined a certain well-known cult. “Why, yes, Senator,” the Republican replied, “it would apply to cults like the Unitarians.”

The Article: The Man Who Crashed the World by Michael Lewis in Vanity Fair, a profile on Joseph Cassano’s role in bringing down AIG. Almost a year after A.I.G.’s collapse, despite a tidal wave of outrage, there still has been no clear explanation of what toppled the insurance giant. The author decides to ask the people involved—the silent, shell-shocked traders of the A.I.G. Financial Products unit—and finds that the story may have a villain, whose reign of terror over 400 employees brought the company, the U.S. economy, and the global financial system to their knees.

The Text: Six months ago, I received an odd phone call from a man named Jake DeSantis at A.I.G. Financial Products—the infamous unit of the doomed insurance company, staffed by expensively educated, highly paid traders, whose financial ineptitude is widely suspected of costing the U.S. taxpayer $182.5 billion and counting. At the time A.I.G. F.P.’s losses were reported, it became known that a handful of traders in this curious unit had sold trillions of dollars of credit-default swaps (essentially unregulated insurance policies) on piles of U.S. subprime mortgages, but its employees hadn’t yet become the leading examples of Wall Street greed. And so this was before Jake DeSantis and his colleagues found themselves suburban-Connecticut outcasts, before their first death threats, before the House of Representatives passed a bill because of them (taxing 90 percent of their large bonuses), before New York attorney general Andrew Cuomo announced he was going after their paychecks, and before Iowa senator Charles Grassley said that A.I.G.’s leaders should follow the Japanese example and “either do one of two things, resign or go commit suicide.”

The Article: The Great American Bubble Machine: From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression – and they’re about to do it again by Matt Taibbi in Rolling Stone [Note: Currently unavailable on Rolling Stone's website because they have a terrible web presence].

The Text: The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled-dry American empire, reads like a Who’s Who of Goldman Sachs graduates.

By now, most of us know the major players. As George Bush’s last Treasury secretary, former Goldman CEO Henry Paulson was the architect of the bailout, a suspiciously self-serving plan to funnel trillions of Your Dollars to a handful of his old friends on Wall Street. Robert Rubin, Bill Clinton’s former Treasury secretary, spent 26 years at Goldman before becoming chairman of Citi-group – which in turn got a $300 billion taxpayer bailout from Paulson. There’s John Thain, the asshole chief of Merrill Lynch who bought an $87,000 area rug for his office as his company was imploding; a former GoIdman banker, Thain enjoyed a multibillion-dollar handout from Paulson, who used billions in taxpayer funds to help Bank of America rescue Thain’s sorry company. And Robert Steel, the former Goldmanite head of Wachovia, scored himself and his fellow executives $225 million in golden-parachute payments as his bank was self-destructing. There’s Joshua Bolten, Bush’s chief of staff during the bailout, and Mark Patterson, the current Treasury chief of staff, who was a Goldman lobbyist just a year ago, and Ed Liddy, the former Goldman director whom Paulson put in charge of bailed-out insurance giant AIG, which forked over $13 billion to Goldman after Liddy came on board. The heads of the Canadian and Italian national banks are Goldman alums, as is the head of the World Bank, the head of the New York Stock Exchange. the last two heads of the Federal Reserve Bank of New York – which, incidentally, is now in charge of overseeing Goldman – not to mention …