Subjects Archives: Ecology

JOHANNESBURG, 11 May 2009 (IRIN) — Rich countries and firms are leasing or buying massive tracts of land in developing nations for the production of food or biofuel.  An area equivalent to Germany’s farmed land is at stake, and tens of billions of dollars on offer.  On the plus side, agro-industrial production could develop underused […]

Our world is not only threatened by the cyclical economic crises which are ever more serious and frequent. Unemployment, bankruptcy, and the huge losses in goods and wealth are inseparable companions of the blind market laws which govern the world economy today. Neo-liberalism proscribes any interference by the State, considering it a disturbing element for the economy, as if the domestic order, the army, health, education, culture, science, the courts, the judges, and many other activities could exist without the State and its laws.

Introduction Vaclav Smil’s Energy in World History (1994) provides an overview of global changes in human energy use from before the Neolithic Revolution to modern times.  In various places in the book, Smil discusses the relationship between energy use and the rise of centers of economic and political power in world history.  In explaining what […]

A talk given at a Left Forum panel, April 2009. It’s spring and I’ve been thinking a lot lately about reincarnation.  If I’m a good adjunct can I come back as a tenured professor?  If I stay a loyal Cub fan, can I come back as a Yankee fan?  Actually, it’s political reincarnation that I’ve […]

The International Monetary Fund (IMF) has published its latest projections for economic growth around the world.1  At first glance, the IMF projections for Latin America seem unlikely.  The IMF has a lengthy record of biased projections of growth in the region2 and has been consistently underestimating growth in countries such as Argentina and Venezuela, which […]

  As people in the U.S. and around the world evaluate President Barack Obama’s first one-hundred days, many — that is, those who truly wanted a break from the racist, militarist, anti-working class policies of the Bush regime — are coming to the conclusion that the ‘change’ his campaign promised seems to have turned into […]

  Africa has historically been less of a priority to U.S. foreign policy planners than other regions, such as the Middle East, Eastern Europe, and Latin America.  This was certainly the case when George W. Bush took office in 2001.  But during the course of his tenure, “Africa’s position in the U.S. strategic spectrum . […]

AUCKLAND, NEW ZEALAND — On April 6, 2009, I spent a day visiting the offices of New Zealand’s newest, and among its most dynamic, trade unions, Unite. Unite is at the forefront of a revitalization of a section of the labour movement in New Zealand that has resulted in thousands of young and marginalized workers […]

Rights and labor groups say almost all the estimated 300,000 Syrians working in Lebanon have no official status, often endure dangerous conditions, and earn about US$300 a month doing jobs shunned by most Lebanese. In 2006, the Labor Ministry issued just 471 work permits to Syrian nationals, meaning the remainder worked unregistered.  According to 2008 […]

  Industrial production fell 1.5 percent in March after a similar decrease in February.  For the first quarter as a whole, output dropped at an annual rate of 20.0 percent, the largest quarterly decrease of the current contraction.  At 97.4 percent of its 2002 average, output in March fell to its lowest level since December […]

Abstract Following the 2000-01 crisis, Turkey implemented an orthodox strategy of raising interest rates and maintaining an overvalued exchange rate.  But, contrary to the traditional stabilization packages that aim to increase interest rates to constrain domestic demand, the new orthodoxy aimed at maintaining high interest rates to attract speculative foreign capital.  The end result was […]

Abstract The collapse of the European socialist block at the end of the 1980s caused a deep crisis in the Cuban economy.  One of the distinctive features of the process of adjustment and reform of the Cuban economy carried out by the government was that even during the worst period of the crisis, the Revolution’s […]

  2008 — Annus Horribilis for the world economy — produced successive food, energy, and financial crises, initially devastating particularly the global poor, but quickly extending to the commanding heights of the US and core economies and ushering in the sharpest downturn since the 1930s depression. As all nations strive to respond to the financial […]

The financial crisis is not the only problem; there is another that is worse because it deals not with the production and distribution methods but with existence itself. I am referring to climate change. Both are present and will be discussed at the same time.

I think that what we’re going through now — which is really just starting, we’re nowhere in the middle of it yet either, I think — is much bigger and more extensive than the Great Depression.  There are particular difficulties of fixing it because of the fact that it is bigger, it is more global, […]

Private capitalism (in which productive assets are owned by private individuals and groups and in which markets rather than state planning dominate the distribution of resources and products) has repeatedly demonstrated a tendency to flare out into overproduction and/or asset inflation bubbles that burst with horrific social consequences.  Endless reforms, restructurings, and regulations were all […]

The government estimates the growth rate will be 2% at the maximum this year.

“The strategy is to create a public instrument in which the banks place certain percentages of their targeted portfolios.”

No neoliberal package, to the disappointment of the Right! President Chávez announced a series of “anti-crisis measures” to protect the country from the capitalist crisis, which are devoid of the typical neoliberal ingredients that the Right predicted.  The 2009 budget is revised based on $40 a barrel (previously it was based on $60).  Sumptuary expenses […]

The essence of Keynes’s contribution was the demolition of Say’s law of markets. Say’s Law argued that supply created its own demand, so that there could never be an actual glut of production. Marx had rejected Say’s Law from the beginning, calling it “the childish babbling of a Say, but unworthy of Ricardo.” But neoclassical economics was built on it.

Obituaries for the Islamic Republic of Iran appeared even before it was born.  In the hectic months of 1979 — before the Islamic Republic had been officially declared — many Iranians as well as foreigners, academics as well as journalists, participants as well as observers, conservatives as well as revolutionaries, confidently predicted its imminent demise.  […]