Over four hundred Palestinians have been killed in the incessant air attacks against blockaded and cut off Gaza strip bordering Israel and Egypt. Ultra-modern weaponry supplied by US imperialism has been on display against the Palestinians of Gaza. Israeli planes targeted hospitals, schools, mosques and civilian houses not to mention Parliament building, police headquarters etc. Old and young, women and children took the brunt of killings by Zionist criminal rulers of Israel.  For the maximum toll of civilians bombed at the prayer time. A mother pulling her young daughter from the debris, a father pulling his young son from rubble are common sights. People are being slaughtered while all aid and relief is denied through blockade of land, air and sea routes. Hospitals are without medicine, operations are being done without anaesthetics. Moreover, people are without food and basic things necessary to sustain life. 1.5 million people are being caged and imprisoned to face the deadly onslaught of state of art bombers and their explosive payload. A massacre is being perpetrated in “laboratory conditions” prepared by Zionist criminals and their US patrons. Zionist rulers are denying any humanitarian crisis as they do not consider the Arabs living in Palestine as human beings.

Often the identity of the actors behind some events remains obscure but the effects of these events are evident to all. There is debate and doubt even now about the real perpetrators and the planners of the attacks on New York on 11th September 2001 and it will probably remain so for long. This is because those responsible for the investigation are neither themselves ‘neutral’ nor are considered to be so. But the world is conversant with the ‘war against terror’ launched by the American administration after these attacks. In its course, America and its allies militarily occupied first Afghanistan and later Iraq.

It seems as though the armed attack in Mumbai on 26th November is going to run a similar course. On 26th November ten armed people attacked Mumbai and shook not only the local police and administration but the entire Govt of India. This was discussed not only in India but in the whole world and the discussion is continuing. The Govts. of India and those of  America and Britain and their media used these attacks for building war hysteria against Pakistan. Through this war hysteria pressure was built and it is still being built on Pakistan to intensify its drive against ‘terror’. Using the fear of an attack by India, rulers of America and Britain want to blunt the opposition in Pakistan to their acts of aggression and want to solve their increasing military difficulties in Afghanistan with the help of the Pakistan Army.

Deepening financial and economic crisis and Superpower America's Drive for Securing Hegemony

The explosion of the financial crisis gave advance information about the deepening economic crisis worldwide. Now this crisis has become quite deep. Reality has forced those who were denying a recession to acknowledge the same. Now the discussion is whether or not this recession will take the form of the "Great Depression". Most economists agree that this recession will continue and that it is not going to go away soon. According to Arthur Laffer, "Age of prosperity is over". Noriel Roubini states, "World economies are at breaking point". According to Peter Morici, "The threat of widespread depression is real and present". The assessments of most other economists are also on similar lines.

Over the last two months, the crisis of world capitalism has further deepened. America's economy has shrunk by 0.4% in the third quarter, and it is being considered in recession since 2007. Japan's economy has also shrunk and Japan and Taiwan have also been declared in recession. Economies of the Eurozone countries are also in the grip of recession with the GDP of France shrinking by 0.8% over the last three months. According to the European Union, the economy of the Eurozone will increase by only 0.1% in 2009, and even this estimated figure is being decreased. Unemployment stands at 8.4% overall in the Eurozone countries and in many of these countries it has crossed the figure of 10%.

Saving Capitalism from Capitalists; for Capitalists

The explosion of the crisis in world capitalism has engulfed all countries, and its tremors are being felt throughout the world. Developing and developed; America, West and East Europe, Russia, China, India - all the economies have been severely shaken.

This explosion of the crisis is being termed ‘systemic meltdown’, ‘financial tsunami’ and cries are being heard starting from ‘end of finance capital’ to ‘end of Americam capitalism’ and also ‘end of capitalism.’ Neoliberal economists advocating ‘market knows the best’ are out of market, and the ink of neoliberal writers has dried. Fukuyama, who termed the end of the Cold war as the final victory of capitalism and declared the ‘end of history’, has once again started writing on history. The claims of the end of the challenge of socialism and of the unbridled continuing of capitalism are on their way to the grave even before reaching the age of majority. Entire world capitalism is going through violent turbulence. The campaign of sole superpower America to secure world hegemony is stuck in deep morass.