Subjects Archives: Capitalism

​It may be ‘technically possible,’ ​to keep ​g​lobal heating below 1.5 degrees, but it isn’t going to happen..

On the first day of the United Nations Ocean Conference in Nice, France, the findings of a new study have revealed that ocean acidification (OA)—which damages ecosystems like coral reefs—is not only getting worse, but crossed its “planetary boundary” roughly five years ago.

THERE are of course many myths about capitalism spun by economists. One of these myths spun by David Ricardo has endured for over two centuries. Ricardo had originally been an enthusiastic supporter of the introduction of machinery, dismissive of the argument by workers’ organisations of his time that it gave rise to unemployment.

Canada’s new liberal prime minister has given the lie to the notion that a green capitalism is possible with fossil-fuel friendly policies as the climate crisis intensifies, explains John Clarke.

Around the world, workers’ rights are in “freefall,” with the Trump administration in the lead of a global far-right alliance that’s waging a “global war on labor rights.”

Trump’s dismantling of police reform is a gift to white supremacy.

In its February 24th earnings call with the financial press, Domino’s Pizza CEO Russell Weiner reported a 3.2 percent spike in carryout orders during the previous quarter, combined with a 1.4 percent decrease in deliveries.

THE mercantilists had defined a nation’s prosperity in terms of the amount of precious metals it possessed and a nation’s progress in terms of the increase in its amount of precious metals.

There are a million ways to slice and dice both a universal Medicare plan and also the transition, which will pose real problems. However, it is important any plan be comprehensive. That doesn’t mean it has to cover the plastic surgery needed to give people the Mar-a-Lago look, but it does need to cover areas like dental, vision, and hearing, which are excluded from traditional Medicare.

I hope readers will share this note and it prompts debate about the current fragility of pluralism in heterodox economics and society.

JEAN-BAPTISTE Say, a French economist who wrote in the late eighteenth century, had formulated a law to the effect that ‘supply creates its own demand’, which meant that there could never be an inadequate demand for the aggregate of goods produced in any economy.

Once plundered of both its wealth and people by colonial powers, Africa now faces IMF-imposed austerity, obscene debt, and forced underdevelopment.

We might soon see the Trump Administration impose tariffs on pharmaceuticals. U.S. patients will suffer.

Throughout his life, Martin Luther King Jr spoke often and with vision about the nature of capitalism.

Understanding media coverage of healthcare price battles.

Walking along the thoroughfares of the Russian capital these days, it’s easy to feel as though you’ve gone “Back to the Future.” Like Marty McFly in the classic 1985 movie, visitors to Moscow might imagine they’ve traveled back in time to the Soviet past, when socialism beat Hitler and the future of communism beckoned on […]

The scale and pace of the genocide in Gaza is accelerated by the direct and indirect contributions of American universities.

“The massive income and wealth inequality that exists in America today is not just an economic issue, it is literally a matter of life and death,” said Sen. Bernie Sanders of Vermont.

The relevance of F. Scott Fitzgerald’s most famous work today on its centennial.

Caused by a parasite which is spread by infected mosquitoes, malaria has killed billions during thousands of years of human history.