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Archive | July, 2019

U.S. Economic Warfare and Likely Foreign Defenses

U.S. economic warfare and likely foreign defenses

Keynote Paper delivered at the 14th Forum of the World Association for Political Economy, July 21, 2019. Today’s world is at war on many fronts. The rules of international law and order put in place toward the end of World War II are being broken by U.S. foreign policy escalating its confrontation with countries that […]

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Capitalist glory ( Jeremy Brooks (CC BY 2.0) Flickr)

The ruling class does rule

Throughout the mid-20th century, discussions and theoretical debates concerning the nature of the capitalist state persisted within Marxist circles. Some names are tightly connected with these events, including Ralph Miliband, Nicos Poulantzas, and Fred Block.

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Total Non-Financial Sector Debt, of GDP

Debt update

For the first time in a decade, the ratio of debt to GDP fell back in 2018 for both advanced and emerging market economies. It nevertheless remains high, much higher than at the start of the 2007-08 crisis, and has also continued to rise in some major economies. The first chart shows the global picture, […]

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Hubris Before the Fall (© AFP 2019 / JORGE GUERRERO)

Hubris before the fall

Hubris is usually a forewarning of impending calamity. Extreme arrogance blinds the hubristic person to the limits of their power. So, blindly, they push on with reckless excess, leading to potentially disastrous results.

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Fukushima

Fukushima: an ongoing disaster

n March–on the eighth anniversary of the Fukushima disaster–Time magazine published an article with the headline: “Want to Stop Climate Change? Then It’s Time to Fall Back in Love with Nuclear Energy”.

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The Art of Frida Kahlo

The art of Frida Kahlo

Frida Kahlo was not a heroine, nor was she a victim. She painted her pain and her suffering but she defied and overcame them in the very act of painting. She was also more than her suffering; an artist who explored her own history, the history of her own country—its past and its future—and who […]

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