Subjects Archives: Capitalism

Big tech is working hard to sell us on artificial intelligence, in particular what is called “artificial general intelligence.” At conferences and in interviews corporate leaders describe a not-too-distant future when AI systems will be able to do everything for everyone, producing a world of plenty for all. But they warn, that future depends on […]

Despite rapid technological innovations, Global South countries remain trapped in Global North-dominated intellectual property regimes designed to extract endless rents through patents and licensing fees– stripping them of wealth and stunting their development.

In communities where access to fresh food is scarce, public grocery stores can provide crucial resources at lower prices.

As profit-driven exploitation imperils Indonesia’s Leuser Ecosystem, some unique conservation strategies are working to save it.

CounterSpin interview with Farrah Hassen on criminalizing homelessness

A Pentagon rift over military aid to “Israel” reveals tensions between advocates of Middle East engagement and those prioritizing Asia, shaping Trump’s foreign policy.

THERE is an upsurge in military expenditure all over the world which is spearheaded by the upsurge in Europe.

The dollar’s decline is a sign of deeper volatility in the global system.

Over 10,000 people died in transit to Spain in 2024 alone.[1] On June 2022, the border fence of Melilla, one of two Spanish enclaves in Morocco, was witness to a massacre that killed or disappeared over a hundred African migrants.[2]  A recent BBC investigation revealed that Greek border guards systematically repeal immigrants already on Greek […]

​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.