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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.
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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 […]
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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 […]
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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 […]
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“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.
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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.
