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Trickle down economics
The UK government’s economic policies under new PM Liz Truss have caused a stir among, not only leftists, but also among mainstream economists.
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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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British capitalism on the brink
Simon Hannah reports on the mounting crisis for British capitalism.
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Fossil fuels subsidized at rate of $11 million per minute
Eleven million dollars per minute! That’s how much all the countries in the world spend to subsidize fossil fuels. That’s what we pay.
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Connecting the dots between climate devastation and fossil fuel profits
As Pakistan drowns, as Puerto Rico is cast into darkness, and as Jacksonians remain thirsty, it’s past time for a climate tax on fossil fuel companies.
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Imperialism is at war with our planet—and we need to stop it
While the rich embark on trips to space and fantasize about colonizing Mars, nearly a billion people have no access whatsoever to electricity.
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Imperialism and capitalism are ‘bleeding the world dry’: At UN, Nicaragua calls for global rebellion
At the United Nations General Assembly, Nicaragua’s Sandinista government called for a global rebellion against the “imperialist and capitalist system” that is “bleeding the world dry.” Condemning illegal sanctions and war, it urged a new multipolar order.
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Where is capitalism?
Present, all too present, on the earth, capitalism is not present to it. It is global.
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Europe’s economic Hara-Kiri
It is not just the immediate effect on Europe that threatens to be severely adverse; capital has already started relocating away from Europe to the United States, a trend that will inevitably gather momentum, so that long-term growth and hence employment prospects on that continent will also be affected.
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The global South has lost $152 trillion through unequal exchange since 1960
Dependency and world-systems theorists have long argued that “unequal exchange” is a key driver of global inequality.
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Economist Michael Hudson on debt relief, inflation, Ukraine disaster capitalism, petrodollar crisis
Economist Michael Hudson discusses partial student debt relief in the U.S., inflation and the Fed, disaster capitalism in Ukraine, and China’s challenge to the petrodollar.
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Re-embedding the economy to rethink (sustainable) development
This famous sentence from Joseph Ki-Zerbo could be translated as ‘we do not enforce development; we develop ourselves.’ However, development paradigms have been largely influenced by external views, mainly those of Western countries.
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Energy, cost of living and recession
The G7 governments have a problem.
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Most Dems mum on blocking Manchin’s pipeline deal
Many lawmakers are criticizing the Schumer-Manchin climate bomb — but only a few have pledged to do what may be necessary to stop it.
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Capitalism created the climate catastrophe; Socialism can avert disaster: The Thirty-Fifth Newsletter (2022)
In November 2022, most member states of the United Nations (UN) will gather in the Egyptian resort city of Sharm El Sheikh for the annual UN Climate Change Conference.
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Capitalism won’t fix the climate crisis. It will also not survive it
McGuire: Around 2.4 trillion tons of carbon dioxide has been released into the atmosphere in the last couple of centuries. This is acting as a blanket, keeping in heat that would otherwise head off into space.
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The Political Theory of Capital: Fetishism of Commodities
Marx’s Capital after 150 Years: Critique and Alternative to Capitalism.
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Blaming China and other developing countries for climate change ‘is simply racist’
‘Time to call a spade a spade ….’
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Sweatships on troubled waters
Luxury cruises are an expression of capitalism’s worst instincts.
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How capitalism—not a few bad actors—destroyed the Internet
Twenty-five years of neoliberal political economy are to blame for today’s regime of surveillance advertising, and only public policy can undo it.