Subjects Archives: Capitalism

Greenpeace campaigners said that the oil group should pay some of its profits into a fund agreed upon at Cop28 climate talks last month to help pay for loss and damage caused by climate change.

A detailed and interactive infographic to recap how CITGO came to face its looming breakup as creditors line up for a court-ordered auction.

The world’s richest 1% own 43% of global financial assets, and the wealth of the top five billionaires has doubled since 2020, while 60% of humanity got poorer, according to a report by Oxfam.

The World Economic Forum (WEF) is the ruling-class Comic-Con, a fantasy fortress where the 1 percent’s 1 percent can save the world that they are sending to hell.

Siddarth Kara’s book exposes the exploitation behind the Fourth Industrial Revolution.

What’s scarier than a shark attack? An increase in the minimum wage.

As investors worldwide drop cash on Israeli start-ups for ‘battle-tested’ weapons, defence tech CEOs are poised to be the war’s only victors.

The modern food system is being shaped by the capitalist imperative for profit.

The world’s five richest men have more than doubled their fortunes from $405 billion to $869 billion since 2020–at a rate of $14 million per hour– while nearly five billion people have been made poorer, reveals a new Oxfam report on inequality and global corporate power.

“Almost nobody says we should have the richest pay the least. And yet when we look around the country, the vast majority of states have tax systems that do just that.”

A bright star in the firmament of justice has gone out. One of the greatest journalists of our era has passed away.

The World Bank insists private finance is needed for economic recovery and the Sustainable Development Goals but does little to ensure profit-hungry commercial finance serves the public interest.

Hearing or reading about the “contradictions of capitalism” in an article or at a rally might be intimidating, like a foreign language or a term only a certain group can understand.

Control of Mediterranean gas fields is not the reason for the current attack on Gaza, but the theft of Palestine’s natural resources has long been a goal of the Zionist settler-colonial project and its Western sponsors.

Russia is negotiating with the Houthis of Yemen to protect Russian oil cargoes moving through the Red Sea for delivery to India and China, the principal destinations of Russian oil currently traversing the waterway, the Bab el-Mandeb Strait, and the Gulf of Aden.

The fact that unrestricted trade creates domestic unemployment is quite obvious, and should be especially obvious to third world people who have had the historical experience of deindustrialisation during colonial rule.

On Friday, December 15th, “a “merry band of miscreants” entered a Whole Foods in NYC, lifted a bunch of groceries, and walked out in Jeff Bezos masks,” reported independent journalist Talia Jane on Twitter/X.

WHEN an economy shrinks, as did the British economy last month, it triggers an alarm bell to all those who live not by their labour but by ours.

On the 60th anniversary of Kenya’s independence, Gathanga Ndung’u writes that the country has spent decades as the loyal servant of imperialism. The country may have express highways, a busy international airport, a modern railway, and an emerging silicone savannah, but in reality, Kenya seeks only to endear itself to world leaders and potential investors through well-packaged imaginaries of the present and the future. Ndung’u lists some of Kenya’s extensive betrayals – not least support for Israel and the abandonment of Palestinians.

Every year, thousands of healthcare workers leave South Africa, in order to chase better opportunities, as wealthier countries exploit desperate working conditions faced by them. This brain drain is a direct result of neoliberal policies, especially austerity.