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Scandinavia and imperialism
There are many misconceptions about Scandinavian capitalism. A very common one is the belief that since the Scandinavian countries developed vigorous capitalist economies, without ever having acquired any colonies of their own, they constitute a clear refutation of the claim that capitalist development necessarily requires imperialism.
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Heat waves tied to Big Energy capitalism
The population of the world is enduring crises from climate change that, until recently, climatologists thought may only happen decades from now.
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M.I. Asma – ‘On Necrocapitalism: A Plague Journal’
It is a testament to the power of On Necrocapitalism: A Plague Journal that a set of interventions written across the first year of the COVID-19 pandemic should remain so potent and resonant as we approach its fourth year.
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The capitalist solution to ‘save’ the planet: make it an asset class & sell it
John Bellamy Foster explains the capitalist ‘solution’ master-minded by global finance to resolve the imminent environmental crisis: create a multi-quadrillion dollars worth of assets on the back of everything nature does and expropriate it from the global commons to make a profit. Worse still: it is already happening.
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India to boost Sakhalin-1 oil output
After Sakhalin-2, Moscow also plans to nationalise Sakhalin-1 oil and gas development project by ousting U.S. and Japanese shareholders. But Moscow will make an exception for India so that OVL which holds 20% stake will remain & continue to work.
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National champion or National chump-Oleg Deripaska and Vladimir Potanin try the Rusal-Norilsk nickel merger
In wars like the present one, politics on the home front cannot be permitted to give aid and comfort to the enemy. In the U.S. and NATO campaign, the Russian oligarchs and their businesses are targets and also weapons of the plan for regime change in the Kremlin.
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Capitalism Is the Real Information War
Under capitalism, corporate dishonesty has become so commonplace that most of us take it for granted.
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The Fed’s austerity program to reduce wages
To Wall Street and its backers, the solution to any price inflation is to reduce wages and public social spending. The orthodox way to do this is to push the economy into recession in order to reduce hiring. Rising unemployment will oblige labor to compete for jobs that pay less and less as the economy slows.
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‘Stuck Nation’
Robert Hennelly’s ‘Stuck Nation’ is a vigorous and well-researched analysis of the exploitative and racist nature of US capitalism, but falls short of a convincing way to be rid of it, argues John Clarke
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Jacobinism and the labour theory of value
The U.S. social democratic journal Jacobin recently published an article by Ben Burgis that was a half hearted defence of Marx’s theory of exploitation.
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What’s the story behind inflation?
The Bureau of Labor Statistics reported that the rate of inflation rose to 8.6% in May, the latest high in a period of rapid growth in prices following the COVID-19 recession in March 2020. Indeed, inflation is now higher than it has been in the past 40 years.
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Why are global wheat prices rising so much?
The global food crisis has now grown to such proportions that everyone is talking about it (even though world leaders are doing relatively little about it).
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SWIFT dollar decline
SYDNEY and KUALA LUMPUR: U.S.-led sanctions are inadvertently undermining the dollar’s post-Second World War dominance. The growing number of countries threatened by U.S. and allied actions is forcing victims and potential targets to respond pro-actively.
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The Indian economy is heading for a stationary state
ADAM Smith and David Ricardo had been haunted by the idea of capitalism ending up in a “stationary state”, by which they meant a stable state of zero growth.
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“We are not done”: Policy, protections, and the people’s struggle for Pride
June is Pride Month. It is a time to celebrate. It’s also a time to remember the struggle for equal rights, a history we are continually encouraged to forsake, fragment, and forget.
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‘Let the capitalists know that their properties will be trashed’ – an interview with Andreas Malm
In a wide-ranging discussion with ROAPE’s Peter Dwyer, Andreas Malm engages with African political economy, the climate emergency, anti-capitalist alternatives to development and the radical thought and politics of Frantz Fanon and Walter Rodney. Colin Stoneman introduces ROAPE readers to Malm’s work and politics.
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Neo-liberalism and anti-inflationary policy
Central banks all over the capitalist world are raising, or are about to raise, interest rates as a means of countering the currently rampant inflation, which is certain to push a world economy that is barely recovering from the effect of the pandemic, back towards stagnation and greater unemployment.
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Marcos Jr. Presidency: A long view
For three decades, contemporary public discourse on the Philippines has been marked by reference to a period called the “post-Marcos era.” Weeks after a high-stakes national election, that widely-accepted historical marker is suddenly obsolete.
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African Liberation Day 2022: Smash neo-colonialism!
The age of classical colonialism in Africa changed the course of history. Exploited trade agreements and pseudo alliances between African nobility and European merchants led to heightened warfare, looting, and genocide across the continent.
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Crisis of Sri Lankan capitalism provokes a popular uprising
Since early April, Sri Lanka has been engulfed by a wave of mass protests demanding the resignation of President Gotabaya Rajapaksa. Thousands of workers and students have mobilised in the most significant mass movement in 30 years.