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Cheng Enfu: The new pattern of international economy and politics is conducive to the development of world socialism
In September 2021, I spoke at the launch meeting of the Manifesto: Through Pluripolarity to Socialism. The Manifesto has a clear theme, profound ideas, magnificent momentum, and clearly articulated the history of world socialism, its present status quo and future.
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Cashing in on carbon capture: How Big Oil will spend our money
Big Oil stands to pocket billions in taxpayer dollars by way of carbon capture, their latest climate scam. Here’s how they’ll do it.
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Stop worshiping central banks
Preoccupied with enhancing their own ‘credibility’ and reputations, central banks (CBs) are again driving the world economy into recession, financial turmoil and debt crises.
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“Marx and the Robots. Networked Production, AI and Human Labour” – book review
A new collection of essays provides important sceptical discussions of the impact of robotics and AI on the economy, finds Elaine Graham-Leigh
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Inside the global garment industry
Clothing and footwear manufacturing is characterised by a globalised “value chain”, in which each phase of production is concentrated in a different region.
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Vehicles of Extraction
After years of false starts, the electric vehicle (EV) finally seems to be picking up steam. Last year, the Biden administration announced ambitious targets to increase the adoption of EVs, along with funding for a number of measures aimed at making them more attractive to Americans. By 2030, the president wants half of all new vehicle sales to be electric. To encourage that, the government is providing financial incentives for drivers to buy them, installing new charging stations across the country, helping build the supply chain, and extending support to retool the factories that are manufacturing these supposed cars of the future.1 It’s a comprehensive plan for a large-scale effort, and industry seems to be on board.
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The OPEC’s decision to cut oil output
WHAT is called OPEC+, that is the 13 members of the Organisation of Petroleum Exporting Countries (OPEC) together with 11 other petroleum exporting countries led by Russia, decided on October 5 to cut their oil production by 2 million barrels per day, starting from November. The U.S. had been pressing OPEC not to take this decision.
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Letter from the Editors – SftP
Metabolic processes are ubiquitous in nature: water in the soil, in rivers and lakes, and as rain; carbon in the atmosphere anabolized in living organisms, deposited in the ground, and oxidized into the air.
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Double standards on full display with Western Sahara occupation
Numerous countries, including Canada, profit from the illegal exploitation of Sahrawi resources.
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Marxism and the climate crisis (John Bellamy Foster on the ‘Historical Materialism podcast’)
Foster begins by referencing the fact that the 19th century, Newtonian view of nature, and the mechanistic, positivist approach to science originally penetrated socialist thought.
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A perfect storm in U.S. foreign policy
The old adage is that a good foreign policy is the reflection of the national policy.
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Central bank myths drag down world economy
The dogmatic obsession with and focus on fighting inflation in rich countries are pushing the world economy into recession, with many dire consequences, especially for poorer countries. This phobia is due to myths shared by most central bankers.
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Greatest speech ever in European Union Parliament by Clare Daly
Clare Daly speech to European Union Parliament
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The most dangerous situation that humanity has ever faced: The Fortieth Newsletter (2022)
Since 1947, the Doomsday Clock has measured the likelihood of a human-made catastrophe, namely to warn the world against the possibility of a nuclear holocaust.
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Rich nation’s solution for inflation is a poor country’s problem
The Secretary-General of the UNCTAD is warning that “the current course of action is hurting the most vulnerable, especially in developing countries, and risks tipping the world into a global recession.”
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Putting a price on water: Can commodification resolve a world water crisis?
“Record heat and droughts are exposing millions to growing water and food scarcity issues across all continents,” the U.N. Intergovernmental Panel on Climate Change (IPCC) warned in a February 2022 report. “About half of the world’s population already experiences severe water scarcity for some part of the year.”
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The new threat on the Foreign Exchange front
ON September 23, the value of the rupee vis-a-vis the dollar fell to a new low: it crossed 81 to a dollar after some weeks of relative stability when it hovered between 79 and 80.
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The inevitable financial crisis
Like a traveler sailing the Archipelago who sees the luminous mists lift toward evening, and little by little makes out the shore, I begin to discern the profile of my death.
— Marguerite Yourcenar, Memoirs of Hadrian -
Ideology and dogma ensure policy disaster
Central banks (CBs) around the world–led by the U.S. Fed, European Central Bank and Bank of England–are raising interest rates, ostensibly to check inflation. The ensuing race to the bottom is hastening world economic recession.
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Sea level acceleration
This article addresses the most current research on sea level rise, as well as adaptation measures being taken around the world. Of special interest, brilliant adaptation measures are taking place in the face of higher seas.