Subjects Archives: Capitalism

In this reprise from October 1993, Harry Magdoff and Paul Sweezy ask: “Isn’t there anyone around here who understands how this capitalist system works?”

“This provocative set of essays challenges many conventional assumptions and assessments about contemporary global capitalism. The comprehensive analysis of war and geopolitics, the political economy of international trade and finance, the struggle of different powers to control nature and the planet with its ecological and distributive implications, makes it essential reading.” —Jayati Ghosh

The U.S. Federal Reserve printed $300 billion in a week to save collapsing banks and bail out Silicon Valley oligarchs. 93% of Silicon Valley Bank’s deposits were uninsured, over the FDIC limit of $250,000, but the government still paid them. 56% of SVB’s loans went to venture capitalist and private equity firms.

Kailath, originally from Kerala but settled in the U.S., is one of the foremost names in the world in communications, control and signal processing. I remembered his words while reading the recent startling headlines that China has become the world leader in 37 of 44 critical technologies evaluated by the Australian Strategic Policy Institute (ASPI).

I need to report a theft. Nassau County law enforcement stole $500 from my friend, Sylvester “Sonny” Jackson.

Economist Michael Hudson responds to the collapse of Silicon Valley Bank and Silvergate, and explains the similarities with the 2008 financial crash and the savings and loan crisis of the 1980s.

Every May 10th marks Afro-Venezuelan Day and commemorates the 1795 Coro Rebellion. The May 1795 revolutionary events are the centerpiece of Enrique S. Rivera’s The Untold History of Capitalism: Primitive Accumulation and the Anti-Slavery Revolution.

When Jeff Bezos bought the Washington Post for $250 million in 2013, he didn’t transform it into a paper that elevated the perspectives of the wealthy elite—it had already been that for decades.

Defined as an equitable and democratic reduction of energy and material throughput targeted at rich nations and the globally wealthy, degrowth has grown in popularity over the last few years with growing political support.

‘Beyond Capital’ helps us to understand why capitalism continues to persist despite endless crises, by drawing our attention to the messiness of human beings and the multiple circuits that reproduce capitalism as a complex and contradictory totality.

Much has been written about climate change or, to use a more truthful term, global warming. But not much has been written about “Organising Responses to Climate Change,” which is the title of Daniel Nyberg, Christopher Wright and Vanessa Bowden’s new book.

Indian economist Amartya Sen has posed a devastating challenge to the dominant capitalist understanding of development. But Sen’s own analytical framework doesn’t go far enough in exposing the inherently exploitative logic of capitalism.

Policing is inextricably linked to racism and to capitalism.

Protesters stage a fourth round of nationwide demonstrations on Saturday against President Emmanuel Macron’s plans to reform the country’s pension system.

This new edition of Marx’s 1875 ‘Critique of the Gotha Program’ comes with a few surprises in translation for Marxists who have previously interpreted it as justification for the continuation of wage-labour and commodity production, under the ‘dictatorship of the proletariat’ in the ‘first phase’ of socialism/communism.

Gautam Adani’s calling Hindenburg’s allegations of fraud against him an attack on the Indian nation is a matter of particular significance.

The Lever’s new movie podcast launches.

The government’s decision to add an extra working day is part of its plan to raise an extra 3 billion kroner (USD 0.43 billion) for the rearmament of the country.

After reaping huge fees off workers’ savings, private equity firms’ subterfuge could imperil promised benefits for millions of workers and retirees.

Every working person is keenly aware that prices are up.