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  • Monthly Review Essays
  • Puerto Rico

    Poverty is growing in Puerto Rico, under U.S. colonialism

    Originally published: Geopolitical Economy Report on September 26, 2023 (more by Geopolitical Economy Report)  |

    Poverty is rising in one of the world’s oldest colonies: In Puerto Rico, 41.7% of people, including 57.6% of children, live in poverty. This is nearly four times the U.S. rate. And Puerto Rican workers are getting poorer even while unemployment falls.

  • 'If ever, in any posh colony or good apartment, even educated and socially well-placed Muslims' population grows, a sense of having been taken over starts pervading the Hindu residents there.' Photo: Flickr/José Miguel (CC BY-NC-ND 2.0)

    What we lose through the ghettoisation of urban India

    Originally published: The Wire on August 13, 2023 by Khurshid Akram (more by The Wire)  |

    The gigantic question is, is there a way out? It gets harder everyday with the kind of blatantly divisive social atmosphere which is promoted by the powers that be.

  • US President Joe Biden fist bumps Saudi Crown Prince Mohammed bin Salman (MBS) in Riyadh in July 2022

    U.S. pressures Saudi Arabia to sell oil in dollars, not Chinese yuan, amid Israel negotiations

    Originally published: Geopolitical Economy Report on August 10, 2023 (more by Geopolitical Economy Report)  |

    As part of negotiations for Saudi Arabia to recognize Israel, the United States is demanding that Riyadh keep pricing its oil in dollars, not China’s renminbi or other currencies.

  • Atomic bombing of Japan was not necessary to end WWII

    Atomic bombing of Japan was not necessary to end WWII. U.S. gov’t documents admit it

    Originally published: Geopolitical Economy Report on August 7, 2023 (more by Geopolitical Economy Report)  |

    U.S. government documents admit the atomic bombing of Hiroshima and Nagasaki was not necessary to end WWII. Japan was on the verge of surrendering. The nuclear attack was the first strike in Washington’s Cold War on the Soviet Union.

  • Burkina Faso's revolutionary President Ibrahim Traoré

    Burkina Faso’s new president condemns imperialism, quotes Che Guevara, allies with Nicaragua, Venezuela, Cuba

    Originally published: Geopolitical Economy Report on July 30, 2023 (more by Geopolitical Economy Report)  |

    Burkina Faso’s new President Ibrahim Traoré has vowed to fight imperialism and neocolonialism. Pledging a “refoundation of the nation”, invoking revolutionary leader Thomas Sankara, and quoting Che Guevara, his government has allied with Nicaragua, Venezuela, and Cuba.

  • Corporate profits

    Corporate profits were biggest driver of inflation in Europe, IMF admits

    Originally published: Geopolitical Economy Report on June 26, 2023 (more by Geopolitical Economy Report)  |

    Rising corporate profits have caused 45% of inflation in Europe, compared to 40% for rising import prices and just 15% for workers’ wages, according to research by IMF economists.

  • The United Nations' International Court of Justice (ICJ)

    U.S. legally owes Nicaragua reparations, but still refuses to honor 1986 Int’l Court of Justice ruling

    Originally published: Geopolitical Economy Report on June 28, 2023 (more by Geopolitical Economy Report)  |

    37 years after a 1986 International Court of Justice ruling, the United States still refuses to pay Nicaragua the reparations it legally owes. Today, the Nicaraguan government is demanding that the United Nations take action.

  • India's Prime Minister meets with US President Joe Biden in Washington on June 22, 2023

    U.S. woos India’s far-right PM Modi to help wage new cold war on China

    Originally published: Geopolitical Economy Report on June 23, 2023 (more by Geopolitical Economy Report)  |

    The U.S. government is trying to divide the BRICS bloc and recruit India for its new cold war on China. Biden doesn’t care that far-right Prime Minister Modi is closely linked to fascistic Hindu-supremacist groups that violently oppress minorities.

  • The board of directors of the New Development Bank meeting in April 2023

    BRICS New Development Bank de-dollarizing, adding Argentina, Saudi Arabia, Zimbabwe as members

    Originally published: Geopolitical Economy Report on June 6, 2023 (more by Geopolitical Economy Report)  |

    The BRICS bloc’s New Development Bank, an alternative to the U.S.-dominated World Bank, is de-dollarizing its loans, promoting local currencies, and adding new members: Argentina, Saudi Arabia, and Zimbabwe.

  • US Army soldiers occupying Iraq in 2007

    U.S. post-9/11 wars caused 4.5 million deaths, displaced 38-60 million people, study shows

    Originally published: Geopolitical Economy Report on May 18, 2023 (more by Geopolitical Economy Report)  |

    Wars the U.S. waged in Iraq, Afghanistan, Syria, Yemen, and Pakistan following September 11, 2001 caused at least 4.5 million deaths and displaced 38 to 60 million people, with 7.6 million children starving today, according to studies by Brown University.

  • Economist Michael Hudson

    4 U.S. banks crash in 2 months

    Originally published: Geopolitical Economy Report on May 5, 2023 (more by Geopolitical Economy Report)  |

    Economist Michael Hudson discusses the collapse of four U.S. banks in two months, giant JP Morgan Chase taking over First Republic Bank, and how government regulators are in bed with the bankers.

  • U.S. Military

    U.S. makes up c 40% of global military spending, 10x Russia, 3x China

    Originally published: Geopolitical Economy Report on May 2, 2023 (more by Geopolitical Economy Report)  |

    The United States spent $877 billion on its military in 2022, nearly 40% of the global total, 10 times more than Russia ($86.4 billion), and three times more than China ($292 billion). The U.S. military budget is larger than the next 10 biggest spenders combined.

  • Biden/Zelensky/Nord Stream/Hersh

    Facebook censors journalist Seymour Hersh’s report on Nord Stream pipeline attack

    Originally published: Geopolitical Economy Report on April 24, 2023 (more by Geopolitical Economy Report)  |

    Facebook censored a report by Pulitzer Prize-winning journalist Seymour Hersh on the sabotage of the Nord Stream pipelines between Russia and Germany, forcing users to instead read a website funded and partially owned by NATO member Norway.

  • Peru's unelected coup leader Dina Boluarte with the CIA agent turned US Ambassador Lisa Kenna (left); Peru's deeply unpopular congress (right)

    Peru’s coup-plotting congress has 6% approval, 91% disapproval (but full U.S. backing)

    Originally published: Geopolitical Economy Report on April 16, 2023 (more by Geopolitical Economy Report)  |

    A polling firm found that Peru’s coup-plotting, right-wing-controlled congress has 6% approval and 91% disapproval. Unelected leader Dina Boluarte has 15% approval and 78% disapproval. But they have the full support of the US, Canada, and foreign mining corporations.

  • The new chief of the BRICS bloc’s New Development Bank, Brazil’s leftist ex-President Dilma Rousseff.

    BRICS Bank de-dollarizing, promises 30% of loans in local currencies, new chief Dilma Rousseff says

    Originally published: Geopolitical Economy Report on April 15, 2023 (more by Geopolitical Economy Report)  |

    The new chief of the BRICS bloc’s New Development Bank, Brazil’s leftist ex-President Dilma Rousseff, revealed they are gradually moving away from the U.S. dollar, promising at least 30% of loans in local currencies of members.

  • French President Emmanuel Macron meets with Chinese President Xi Jinping in Beijing on April 6, 2023

    France’s Macron opposes U.S. cold war on China, wants independent Europe–but is it just rhetoric?

    Originally published: Geopolitical Economy Report on April 11, 2023 (more by Geopolitical Economy Report)  |

    France’s President Emmanuel Macron told Xi Jinping that he opposes the U.S. war drive against China and wants an independent Europe with “strategic autonomy”. But he has made comments like this before, and failed to challenge Washington’s hegemony.

  • Silicon Valley Bank

    U.S. bank bailout benefited billionaires, exposing corruption: ‘I understand why Americans are angry’

    Originally published: Geopolitical Economy Report on April 9, 2023 (more by Geopolitical Economy Report)  |

    Before it collapsed and its billionaire depositors were bailed out by the U.S. government, Silicon Valley Bank successfully lobbied Congress to remove regulations on it. A senator admitted, “I understand why Americans are angry, even disgusted”.

  • The UN Human Rights Council vote condemning sanctions on 3 April 2023

    West vs the rest: World opposes sanctions, only U.S. & Europe support them

    Originally published: Geopolitical Economy Report on April 6, 2023 (more by Geopolitical Economy Report)  |

    The UN Human Rights Council voted overwhelmingly to condemn sanctions. The only countries that expressed support for unilateral coercive measures were the U.S., UK, EU member states, Georgia, and Ukraine.

  • Authoritarian right-wing leaders invited to the US government's 2023 "Summit for Democracy"

    U.S. invites authoritarian far-right regimes to ‘Summit for Democracy’

    Originally published: Geopolitical Economy Report on April 1, 2023 (more by Geopolitical Economy Report)  |

    The Joe Biden administration invited numerous authoritarian far-right leaders to the U.S. State Department’s so-called “Summit for Democracy”, including Israel’s Benjamin Netanyahu, Poland’s Andrzej Duda, India’s Narendra Modi, Italy’s Giorgia Meloni, and Pakistan’s coup regime.

  • US threatened to invade International Criminal Court. Now it loves ICC for targeting Putin

    U.S. threatened to invade International Criminal Court. Now it loves ICC for targeting Putin

    Originally published: Geopolitical Economy Report on March 29, 2023 (more by Geopolitical Economy Report)  |

    The U.S. government imposed sanctions on the International Criminal Court, threatened to arrest judges, and passed a “Hague Invasion Act”. Previously, the ICC only prosecuted Africans. But now that it wants to arrest Russian President Putin, Washington praises the court (while still refusing to join it).

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Monthly Review Essays

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    Sam-Kee Cheng A late 1940s Soviet poster showing a US military service member lounging on top of a German factory, smoking a cigar. The text beneath reads DER DOLLARIMPERIALISMUS [dollar imperialism].

    1. Introduction The predominance of US economic, political and military power in the world was established at the end of the Second World War.1 With just 6.3 percent of global population, the United States held about 50 percent of the world wealth in 1948. As the only power which had used nuclear weapons on civilian […]

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