Archive | Newswire

  • Paul M. Sweezy in 1942

    Final examination given in the class “Economics of Socialism,” taught by Paul Sweezy in 1940

    During my recent archival visit to Harvard, I was able to copy a magnificent trove of final examinations in economics (up through 1949…there is much more going forward, but I had to move on). Now I begin the curatorial work of pairing some of those examinations to course materials I have posted earlier and where the exam […]

  • Russian President on May 17th in Sochi after a meeting with Prime Minister of Italy Paolo Gentiloni

    Dimwitted and dangerous

    Since losing the presidential elections the Democratic Party has been waging non-stop war against President Trump, focusing on his allegedly dubious connections with Russia. Abetting them have been members of the security and intelligence services who have been leaking information to the press. You might say that ‘all is well in love and war’, and that it’s quite fair to use whatever weapon one can to attack your political opponents. But in this case, I think, the attacks have not only long since became entirely divorced from reality but have also descended into gross irresponsibility.

  • David Clarke, nominated for assistant secretary of the Department of Homeland Security

    Trump nominates actual fascist David Clarke for Department of Homeland Security

    Words like fascist and authoritarian get thrown around too promiscuously. But there is no other way to describe David Clarke, who today announced that he was named assistant secretary of the Department of Homeland Security. (The Department has not confirmed Clarke’s appointment.) Clarke occupies the extremist, anti-democratic fringe of far-right officials, even by the standards of the Trump administration.

  • Climate Change

    Anything wrong with eco-socialism?

    Political feasibility becomes irrelevant when science teaches us that this is the course human society must follow if we are to survive.

  • Labour’s manifesto is a shift to the left: it’s no time for compromises with the right

    It must be part of a bold and insurgent campaign based on resistance to racism, austerity and war that focusses on mass rallies and mobilisations. Giving in to the right can only make it weaker.

  • Sqwawkbox

    Exclusive: Gardiner on defence, manifesto, Boulton—and being internet sensation

    As the SKWAWKBOX examined this morning, Labour spokesman and front-bencher Barry Gardiner has become one of the sensations of the General Election campaign so far, with his charming but emphatic handling of various mainstream media interviewers.

  • Argentina: memory, unity and mobilization is the recipe to make Macri Retreat

    May Square was, once again, the containment wall under the umbrella of the human rights organizations, which beyond their lamentable divisions, are the only reference that all great majorities respect. Precisely because when the society was muted by terror, from there emerged the first voices of pain, anger and decision so that impunity would not keep advancing. And these organisms exists because previously thousands of patriots fought in any possible way for a society without exploited people. Now Macrism is trying to vanish -for a second time- the legacy of this militancy that since 1955 and on, struggled against the dictatorships and fought for the Revolution.

  • Supporters of President Nicolas Maduro rally to support him while carrying pictures of late Venezuela's President Hugo Chavez, in Caracas, Venezuela, May 8, 2017.

    Standoff in Venezuela

    Venezuela has been rocked in recent weeks by almost daily protests and counter-protests, as right-wing opponents of socialist President Nicolas Maduro seek to bring down his government.

  • ‘Trump Is Just Tearing Off the Mask’

    It’s very easy to say, “Oh, Trump’s gone off the reservation.” But actually, this is part of the American political culture, past and present.… Go back to the Know-Nothings, George Wallace, Richard Nixon, the Southern strategy. This is an important strand of our political culture.…That’s a more frightening thought than calling Trump a lunatic and an aberration.

  • Noam Chomsky

    The Labour party’s future lies with Momentum

    On a recent visit to Britain, Noam Chomsky explained that an “extremely hostile media” is damaging Jeremy Corbyn’s appeal, and as a result is responsible for Corbyn’s unpopularity.

  • A Venezuelan opposition protester wears a U.S. flag bandanna around his face.

    Venezuela Government Accuses U.S. of Bankrolling Right-Wing Violence

    The U.S. media’s treatment of the crisis in Venezuela is almost as craven as the corporate media in Venezuela itself. Articles like the following from TeleSur, and an article we recently posted from The Dawn, provide a much-needed corrective. As Marta Harnecker explained the April 2017 issue of MR (“A New Revolutionary Subject“): “The attacks […]

  • Governor’s Place Party In Puerto Rico, ca. 1900s.

    Puerto Rico’s $123 Billion Bankruptcy Is the Cost of U.S. Colonialism

    Last week Puerto Rico officially became the largest bankruptcy case in the history of the American public bond market. On May 3, a fiscal control board imposed on the island’s government by Washington less than year ago suddenly announced that the Puerto Rico’s economic crisis “has reached a breaking point.” The board asked for the immediate […]

  • Measuring National Ecological Consumption

    Which Countries Live Within Their (Ecological) Means?

    The information contained within the 2017 edition of the National Footprint Accounts, and especially its elegant publishing platform, will be useful to critics of the status quo maintained by the major capitalist economic powers. To make sense of the data critically, however, one must go far beyond the explanation given below, as root causes are […]

  • Minister of Education and leader of the Presidential Commission of the Constituent National Assembly, Elías José Jaua Milano

    “To preserve peace in Venezuela, there’s no choice but to convene nationwide dialogue to reform the Constitution”

    From El Salvador, where the meeting of Chancellors of the Community of Latin American and Caribbean States (CELAC) is being held, the Minister of Education and leader of the Presidential Commission of the Constituent National Assembly affirmed that one of his goals is to restore the principle of cooperation of the powers, because that’s the only way to preserve peace in the country given the opposition’s lack of will to dialogue.

  • Corporate Profits

    What’s driving abnormal profit margins? Monopoly

    Why is the cause of abnormally high corporate profit margins in the US. The phenomenon is amongst other things upsetting the standard notion that profits are mean reverting to historic averages. Jeremy Grantham (of the global investment management firm, GMO) puts the cause down to three other factors: increased monopoly power, increased political power and increased brand power.