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	<title>The Official James Petras website</title>
	<link>https://petras.lahaine.org</link>
	<description>United States, Latin America, Middle East, Analysis</description>
	<pubDate>Wed, 18 Feb 2026 12:27:29 +0000</pubDate>
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		<title>The ascendancy of Finance Capital: Record profits and rising authoritarianism</title>
		<link>https://petras.lahaine.org/the-ascendancy-of-finance-capital-record-profits-and-rising-authoritarianism/</link>

		<pubDate>Tue, 28 Mar 2006 20:04:00 +0000</pubDate>
		<dc:creator>James Petras</dc:creator>
		
	<category>United States</category>
		<guid>https://petras.lahaine.org/the-ascendancy-of-finance-capital-record-profits-and-rising-authoritarianism/</guid>
		<description><![CDATA[	Introduction
	For the first quarter of February 2006, Goldman Sachs (GS) broke Wall Street records by reporting new profits of $2.48 billion dollars (annualized at over $10 billion dollars). Earnings were up 64% over the same [...]]]></description>

	</item>
		<item>
		<title>Neoliberal transformation and Class struggle</title>
		<link>https://petras.lahaine.org/neoliberal-transformation-and-class-struggle/</link>

		<pubDate>Fri, 24 Mar 2006 20:02:00 +0000</pubDate>
		<dc:creator>James Petras</dc:creator>
		
	<category>Analysis</category>
		<guid>https://petras.lahaine.org/neoliberal-transformation-and-class-struggle/</guid>
		<description><![CDATA[	Introduction
	 The key premise for understanding the conversion from welfare capitalism to neo-liberalism is the success of the capitalist class in the class struggles which has led to the favorable structural changes, which in turn [...]]]></description>

	</item>
		<item>
		<title>New winds from the left or hot air from a New Right</title>
		<link>https://petras.lahaine.org/new-winds-from-the-left-or-hot-air-from-a-new-right/</link>

		<pubDate>Wed, 15 Mar 2006 19:58:00 +0000</pubDate>
		<dc:creator>James Petras</dc:creator>
		
	<category>Latin America</category>
		<guid>https://petras.lahaine.org/new-winds-from-the-left-or-hot-air-from-a-new-right/</guid>
		<description><![CDATA[	Introduction
	Several years ago I asked an editor of a leading US business journal (Forbes) about a Mexican President (Echevarria) who was speaking at a Leftist conference commemorating Chilean President Allende.
	He answered, &#8216;He talks to the [...]]]></description>

	</item>
		<item>
		<title>Past, present and future of China: From semi-colony to World Power?</title>
		<link>https://petras.lahaine.org/past-present-and-future-of-china-from-semi-colony-to-world-power/</link>

		<pubDate>Mon, 13 Mar 2006 20:07:00 +0000</pubDate>
		<dc:creator>James Petras</dc:creator>
		
	<category>Analysis</category>
		<guid>https://petras.lahaine.org/past-present-and-future-of-china-from-semi-colony-to-world-power/</guid>
		<description><![CDATA[	Introduction
	This essay raises serious methodological, conceptual, historical and empirical questions concerning the notion of China as the next world superpower. Without denying the tremendous increase in exports, investments and growth, this paper focuses on a [...]]]></description>

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