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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.
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Dr. Oz pushes Medicare privatization for all
The New Jersey TV doctor wants to privatize Medicare—and tax workers to boost the profits of insurance giants whose stock he owns.
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Climate change has long prompted migration, now it may drive anti-capitalist consciousness, too
U.S. government programs for migrants who cross the country’s southern border are punitive and disjointed.
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Class struggle or degrowth?
Without class struggle the emancipatory potential of degrowth will fail to be realized. A revolutionary pedagogy can help to unify them.
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With trumpian claims of cheating, Starbucks demands halt to union elections
“Unfortunately, it’s now in vogue for the losers of some elections nationwide to attempt to reverse elections by any means they think are necessary,” said Starbucks Workers United.
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Climate crisis poses stark choice: Socialism or Extinction
In his latest book, Socialism or Extinction: The Meaning of Revolution in a Time of Ecological Disaster, Martin Empson neatly lays out his argument as to why the climate crisis cannot be solved under capitalism.
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The Indian economy since Independence
The post-colonial state in India had two primary tasks before it: one was to overcome the hegemony of metropolitan capital, so that a development strategy in relative autonomy from imperialism could be pursued; the second was to attack landlordism both to free the agrarian population from its clutches, and to increase agricultural output for rapid industrialisation based on a growing home market.
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U.S. Senate targets Social Security and Medicare
Last week, Republican Senator Ron Johnson called for ending Social Security and Medicare as entitlement programs, instead transferring them into the discretionary budget where they would be gutted.
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U.S.-China chip war continues
As the tension between the U.S. and China mounts as a fall-out of Nancy Pelosi’s provocative Taiwan visit, the technology war between the two is also taking a new turn.