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Debtors of the world, unite!
Jayati Ghosh speaks about the growing debt crisis in the global south, the IMF’s never-ending affinity for austerity and the need to confront the power of financial capital.
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Socialism and the city
In the Communist Manifesto, Karl Marx highlighted that “constant revolutionising of production, uninterrupted disturbance of all social conditions, everlasting uncertainty and agitation distinguish the bourgeois epoch from all earlier ones”.
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Corporate profits were biggest driver of inflation in Europe, IMF admits
Rising corporate profits have caused 45% of inflation in Europe, compared to 40% for rising import prices and just 15% for workers’ wages, according to research by IMF economists.
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OceanGate and how the wealthy kill
The saga of the OceanGate Titan submersible was the sort of story that rivets millions of people. Not only was it revealed that passengers paid $250,000 to see the wreck of the Titanic, but the vessel was poorly built, and its creator ignored warnings about its defects and continued to use it.
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A deeply misleading narrative
A Deeply Misleading Narrative: Answering the Claims of Cedric Robinson’s ‘Black Marxism’.
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The magic of capitalism
Spend less, work longer or get another job, move in with your parents or get a flatmate. But whatever you do, don’t push for a pay rise to compensate for inflation.
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Replacing the capitalist dream of AI-driven profits
The question we should be asking isn’t whether AI can replace humans. It should be: why are some humans so intent on replacing the jobs that the rest of us hold, with AI?
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Lessons in freedom: Agroecology, localization and food sovereignty
Farmers from across the Americas are working together to envision a new food system based on food sovereignty and political justice.
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Global warming and water privatization
Uruguayan President Luis Lacalle Pou recently declared a state of emergency in the capital, Montevideo, due to water shortages.
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Insurance industry refuses policies to those most in need as climate change unfolds
State Farm recently announced that it is halting new insurance policies for homeowners in the state of California, where the agency is currently the top insurance provider, due to rising “catastrophe exposure” coupled with inflating construction costs.
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The idea of degrowth communism was Marx’s last breakthrough—and perhaps most important
Even if Japanese Marxist Kohei Saito had not written Marx in the Anthropocene: Towards the Idea of Degrowth Communism, the left today would still need to take the idea of degrowth seriously. This is because, economist and anthropologist Jason Hickel explains, “while it’s possible to transition to 100 percent renewable energy, we cannot do it fast enough to stay under 1.5°C or 2°C if we continue to grow the global economy at existing rates.”
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Modern supply-side economics and the New Washington Consensus
Last month, the U.S. National Security Advisor, Jake Sullivan, outlined the international economic policy of the U.S. administration. This was a pivotal speech, because Sullivan explained what is called the New Washington Consensus on U.S. foreign policy.
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For Argentina’s small farmers, the land is predictable but the markets are not: The Twenty-Third Newsletter (2023)
In 2021, the World Trade Organisation (WTO) noted that Argentina remains ‘a major exporter of agricultural products’, which, at that time, accounted for nearly two-thirds of the country’s exports (as of April 2023, agricultural goods accounted for 56.4% of the country’s exports).
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Train horror in India: Another crime of decaying capitalism
The deadliest train crash in India in more than a quarter of a century has killed nearly 300 passengers and injured more than 1,000. It is a tragedy that has horrified the world and exposed the criminal neglect of basic infrastructure by the ultra-right regime of Hindu chauvinist Narendra Modi and the capitalist governments that preceded it.
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Is Nuclear Fusion Energy Salvation? Eternal Energy = Eternal Damnation
Or is Eternal Energy = Eternal Damnation?
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Why China’s socialist economy is more efficient than capitalism
The difficulty the U.S. faces in its current attempts to damage China’s economy was analysed in detail in the article “The U.S. is trying to persuade China to commit suicide”. Reduced to essentials, the U.S. problem is that it possesses no external economic levers powerful enough to derail China’s economy.
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Replying on ecology and entropy
Stuart Jordan responds to criticism of his article on ecology and entropy in Solidarity 672
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Sabotage in the time of the Anthropocene
A review of Daniel Goldhaber’s film adaptation of Swedish author Andreas Malm’s polarizing book ‘How to Blow Up a Pipeline’.
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Ukraine’s big mistake
Renfrey Clarke is an Australian journalist. Throughout the 1990s he reported from Moscow for Green Left Weekly of Sydney. This past year, he published The Catastrophe of Ukrainian Capitalism: How Privatisation Dispossessed & Impoverished the Ukrainian People with Resistance Books.
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India: The grim unemployment scenario
THE data on unemployment brough out by the Centre for Monitoring the Indian Economy (CMIE) present a grim picture. Not only has the unemployment rate increased sharply for some years now, starting from even before the pandemic, but the figure which had shot up during the pandemic has not come down much despite the recovery that has occurred in the level of GDP from its trough.