Geography Archives: Americas

People tend to have a distorted picture of U.S. capitalism’s operation, believing that the great majority of Americans are doing well, benefiting from the system’s long-term growth and profit generation. Unfortunately, this is not true. Median wealth has been declining, leaving growing numbers of working people increasingly vulnerable to the ups and downs of economic […]

The U.S. State Department has endorsed the outcome of the November 26 elections in Honduras, which was surely the most farcical electoral process in recent history.

After the Global Financial Crisis, Steve Keen achieved worldwide acclaim with his book Debunking Economics (2011). It attacked the core tenets of neoclassical economics and some of its heterodox rivals. It also revealed Hyman Minsky’s post-Keynesianism as the most promising route to a scientific revolution in economics.

In announcing his long-avoided royal commission into banking, Malcolm Turnbull said that “it will not put capitalism on trial”. What a shame!

We live in one of the darkest moments in American history,” Cornel West begins his new introduction to the 25th-anniversary edition of Race Matters, published on December 5, 2017.

Bitcoin has left the world of finance gasping. Although the total market value of all that cryptocurrency in circulation is only a fraction of the value of the world’s financial assets, the rapid rise in the value of the currency has made it the most wanted of those assets. On January 1, 2017, the currency was trading between $972 and $990 a unit. By December 7, it was trading between $14,063 and $17,363.

92 Somali nationals who were deported from the United States earlier this month are suing the Trump administration over “slave ship conditions” on the plane back home. They were denied access to food, water and bathrooms for nearly two days while on the plane.

The last four decades have been marked by rising wage inequality, with the vast majority of American workers experiencing wage stagnation while those at the top rung of the economic ladder reap the benefits of growth in productivity. These dynamics mean that many workers struggle to make ends meet; in 2016 one in five families in which at least one person worked were living below 200 percent of the federal poverty line (U.S. Census Bureau 2017).

Just a week ago, Colombian social leaders denouncing the murder of another one showed up to the press conference with masks covering their faces in order to avoid risking to lose their own lives—such is the danger of defending human rights in Colombia.

No doubt about it, the recently passed tax bill is terrible for working people.  But as Lance Taylor states in a blog post titled “Why Stopping Tax ‘Reform’ Won’t Stop Inequality”: “Inequality isn’t driven by taxes—its driven by the power of capital in relation to workers.”  Said differently we need to concentrate our efforts on shifting the balance of class power.  And that means, among other things, putting more of our energy into workplace organizing and revitalizing the trade union movement.

Whoever speaks of “crisis” today risks being dismissed as a bloviator, given the term’s banalization through endless loose talk. But there is a precise sense in which we do face a crisis today. If we characterize it precisely and identify its distinctive dynamics, we can better determine what is needed to resolve it.

“DON’T LET YOUR CHILDREN GO INTO CRIPPLING DEBT LIKE I HAVE!” I shout, as I and a group of students with SENS-UAW make our way to a major intersection just off Union Square. We wave signs, hoist our banner and merge into the crowd. We are protesting the new GOP tax bill, which will affect the lives of current, previous, and prospective students in critical and long-lasting ways.

In recent months, one of the United States’ most important debates has revolved around the broad concept of Net Neutrality (NN). Without delving into the technicalities, the concept of NN is that internet service providers (ISPs) cannot privilege or restrict internet data. Basically, once you’ve purchased your internet package with the requisite bandwidth parameters, your ISP cannot make your access to a certain site easier or harder, faster or slower.

A magazine owned by billionaire Michael Bloomberg recently reported on workers’ declining share of national income. “Why don’t workers get the full benefit of rising productivity? No one has good answers,” it stated, to the merriment of left Twitter. A raft of memes reminded Bloomberg Businessweek of the lessons of Piketty, Marx, and political economy generally.

CounterSpin interview with Suyapa Portillo on Honduras Electoral Chaos

On December 5, the Trump administration took its first major step toward allowing employers to legally pocket the tips earned by the workers they employ. The Department of Labor (DOL) released a proposed rule that would allow restaurants to take the tips that servers earn and share them with untipped employees such as cooks and dishwashers.

“The Marx constructed in the twentieth century bore only an incidental resemblance to the Marx who lived in the nineteenth,” Gareth Stedman Jones writes at the close of his exhaustively researched biography Karl Marx: Greatness and Illusion (p. 595). This statement can be taken as the premise underlying Stedman Jones’s account of Karl Marx’s role in the political, economic and philosophical upheavals of the nineteenth century.

To celebrate the 100th episode of FreshEd, I’ve saved an interview with a very special guest.

“He said he absolutely did not meddle in our election. He did not do what they are saying he did.” – President Trump re Vladimir Putin after their meeting in Vietnam.

The FCC is under attack—and so too is the First Amendment. As the primary regulator of how media and information gets to our nation’s citizens, the Federal Communications Commission has a critical role to play in protecting the open Internet, free speech, and free press in our democracy.