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Archive | May, 2019

Stagnation mage: Ian Sane (CC BY-NC-ND 2.0) Flickr

Why stagnation?

The U.S. economy has been stuck in stagnation for a decade. The GDP growth rate has been only 2.2% per year since the recovery from the Financial Crisis and Great Recession of 2008-09 began. That is far below the growth rate in past post-recession recoveries since the end of World War II.

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A boy in a Modi mask

India, ideology and the New York Times

Liberals of all stripes ought to, in the years to come, pay careful attention to the way language is deployed in public discourse, to recognize shibboleths and call them out. Neoliberal reforms were smuggled in via this route, and if the exit-polls are to be believed, fascism will be next.

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Close up of a dictionary word Unemployment

Traditional measures of unemployment are missing the mark

We’ve heard it countless times in recent media accounts: The economy is at “full employment.” The most recent jobs numbers, out the first week in May, show the official unemployment rate, and applications for unemployment benefits are at a 50-year low. The last time a recovery was able to push the unemployment rate to these […]

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BJP supporters celebrate landslide victory. Photo- Reuters

As the far-right wins Indian elections, progressive forces vow to resist

The modern global economy, essentially guarantees the continued expatriation of profits and natural assets from resource-rich but capital-poor countries, facilitating the enrichment of the global economic elite and Multinational Corporations (MNC), at the expense of developing countries. To elaborate on the themes of corporate plunder, resource nationalism and people-centered forms of resource management, Tricontinental: Institute […]

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