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  • Monthly Review Essays
  • | Argentina inflation dollarization | MR Online

    Argentina adopting U.S. dollar to fight inflation would be ‘insane’ neocolonialism, says economist Ha-Joon Chang

    Originally published: Geopolitical Economy Report on May 25, 2023 by Ben Norton (more by Geopolitical Economy Report)  |

    Right-wing politicians in Argentina want to adopt the US dollar as the national currency to fight inflation. Development economist Ha-Joon Chang said this is “insane”, warning dollarization would make the Latin American nation a “colony”.

  • | US Army soldiers occupying Iraq in 2007 | MR Online

    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 | MR Online

    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.

  • | US Military | MR Online

    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.

  • | BidenZelenskyNord StreamHersh | MR Online

    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.

  • | Perus unelected coup leader Dina Boluarte with the CIA agent turned US Ambassador Lisa Kenna left Perus deeply unpopular congress right | MR Online

    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 blocs New Development Bank Brazils leftist ex President Dilma Rousseff | MR Online

    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 | MR Online

    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 | MR Online

    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 | MR Online

    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 governments 2023 Summit for Democracy | MR Online

    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 | MR Online

    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).

  • | US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs | MR Online

    U.S. government bailout of Silicon Valley and banks is $300B gift to rich oligarchs

    Originally published: Geopolitical Economy Report on March 19, 2023 (more by Geopolitical Economy Report)  |

    The U.S. Federal Reserve printed $300 billion in a week to save collapsing banks and bail out Silicon Valley oligarchs. 93% of Silicon Valley Bank’s deposits were uninsured, over the FDIC limit of $250,000, but the government still paid them. 56% of SVB’s loans went to venture capitalist and private equity firms.

  • | A run on American Union Bank in 1932 | MR Online

    Why the U.S. banking system is breaking up

    Originally published: Geopolitical Economy Report on March 12, 2023 (more by Geopolitical Economy Report)  |

    Economist Michael Hudson responds to the collapse of Silicon Valley Bank and Silvergate, and explains the similarities with the 2008 financial crash and the savings and loan crisis of the 1980s.

  • | Mexican President President Andrés Manuel López Obrador AMLO in a press conference on February 28 2023 | MR Online

    AMLO says Mexico is more democratic than oligarch-run USA, condemns State Dep’t ‘meddling’ against electoral reform

    Originally published: Geopolitical Economy Report on March 8, 2023 (more by Geopolitical Economy Report)  |

    Responding to State Department criticism of Mexico’s popular electoral reform, President AMLO denounced U.S. “meddling”, support for coups, and the Monroe Doctrine. He said, “There is more democracy today in Mexico than in the United States… because here the people govern, and there the oligarchy govern”.

  • | The Canadian Coast Guard in the Arctic Ocean | MR Online

    The Arctic is the next frontier in the new cold war

    Originally published: Geopolitical Economy Report on March 1, 2023 by Renate Bridenthal (more by Geopolitical Economy Report)  | (Posted Mar 04, 2023)

    Geostrategically located, with profitable natural resources, the Arctic is rapidly becoming a militarized zone of power politics in the new cold war, contested by the U.S. and Europe, Russia and China.

  • | Meetings of the G7 and NATO top and Shanghai Cooperation Organization bottom | MR Online

    West is out of touch with rest of world politically, EU-funded study admits

    Originally published: Geopolitical Economy Report on February 25, 2023 (more by Geopolitical Economy Report)  |

    A study by the elite EU-funded European Council on Foreign Relations found the West is out of touch politically with the rest of the world. Most people in China, India, and Türkiye see Russia as an important ally, and they want multipolarity, not continued “American global supremacy”.

  • | US Secretary of State Antony Blinken German Foreign Minister Annalena Baerbock and Ukrainian Foreign Minister Dmytro Kuleba condemn neutrality at the Munich Security Conference on February 18 2023 | MR Online

    West tells Global South ‘you can’t be neutral’ in Ukraine war: You are either with us, or against us

    Originally published: Geopolitical Economy Report on February 20, 2023 (more by Geopolitical Economy Report)  |

    The foreign ministers of the US, Germany, and Ukraine told the world at the Munich Security Conference, “Neutrality is not an option” in the West’s proxy war against Russia, implicitly criticizing the vast majority of Global South countries, which are independent.

  • | Chinese balloon that the US military shot down | MR Online

    U.S. admits weather pushed Chinese balloon off course, U.S. shot down hobbyists’ $12 balloon in $2M missile attack

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

    U.S. officials acknowledged the Chinese balloon they shot down on February 4 had likely been blown off course by unexpected weather. The U.S. Air Force later spent $2 million using missiles to blow up what appeared to be a $12 hobbyist balloon.

  • | ECONOMY Inside Latin Americas new currency plan with Ecuadors presidential candidate Andrés Arauz | MR Online

    Inside Latin America’s new currency plan, with Ecuador’s presidential candidate Andrés Arauz

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

    Ecuadorian economist and former presidential candidate Andrés Arauz explains Latin America’s attempt to create a new currency and regional financial architecture, to challenge the “hegemonic, neo-colonial” U.S. dollar-dominated system..

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Monthly Review Essays

  • Ruy Mauro Marini’s Contribution to the Political Economy of Imperialism
    Torkil Lauesen | | MR Online

    In “The Dialectics of Dependency,” Ruy Mauro Marini developed a theory of dependency and unequal exchange that is still invaluable today.

Lost & Found

  • Militarism and the Coming Wars
    István Mészáros | What Did You Learn from Iraq | MR Online

    The dangers and immense suffering caused by all attempts at solving deep-seated social problems by militaristic interventions, on any scale, are obvious enough. If, however, we look more closely at the historical trend of militaristic adventures, it becomes frighteningly clear that they show an ever greater intensification and an ever-increasing scale, from local confrontations to […]

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