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The war against food–who is to blame
This week President Joseph Biden stopped at an Illinois farm to say he’s going to help the Ukraine ship 20 million tonnes of wheat and corn out of storage into export, thereby relieving grain shortages in the international markets and lowering bread prices around the world.
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Fall-out of the Ukraine conflict on India’s economy
The Problem Is Actually At Home
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Out of Africa: Rich continent, poor people
KUALA LUMPUR: Capital flight from the global South is immense, with widespread adverse effects. A new book proposes measures to curb, even reverse capital flight from Africa. It also offers pragmatic lessons for many developing countries.
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I cannot live on tomorrow’s bread: The Seventeenth Newsletter (2022)
On April 19, the International Monetary Fund (IMF) released its annual World Economic Outlook, which forecasted a severe slowdown in global growth along with soaring prices. ‘For 2022, inflation is projected at 5.7 percent in advanced economies and 8.7 percent in emerging market and developing economies–1.8 and 2.8 percentage points higher than projected in… January.’
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Russia investigating ISIS-style Ukrainian “social ad”
The unsettling video portrays a mock execution of a Russian soldier.
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The end of growth? The capitalist economy & ecological crisis
Many ecologists, activists and academics argue that an obsession with economic growth is the cause of our current ecological crisis and a commitment to “degrowing” the economy is the solution.
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Once again austerity proponents tell it like it isn’t
There appears to be growing consensus among economists and policy makers that inflation is now the main threat to the U.S. economy and the Federal Reserve Board needs to start ratcheting up interest rates to slow down economic activity.
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There is no Nobel Prize in economics
Let’s debunk a myth. There is no “Nobel Prize in Economics”. On Nov 27, 1895, when Alfred Nobel signed his will, he left five prizes in alphabetical order to: chemistry, literature, peace, physics, and physiology or medicine. The Nobel Prize in Economics is declared after the Panchapandavas above.
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U.S. inflation and India’s economic recovery
The very day, December 11, when the Indian finance ministry spuriously claimed a robust recovery in the post-pandemic Indian economy, newspapers carried news of an acceleration in the U.S. inflation rate.
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The dollar costs of inequality: they are greater than you think
Pretty much everyone accepts that inequality is a big problem in the U.S. But it is doubtful that most people truly grasp how successfully U.S. elites have captured the benefits of economic growth and, as a result, how much the resulting inequality has cost them.
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“Rampant Issues”: Black farmers are still left out at USDA
Farmers of color received less than one percent of the payments even though they are five percent of all U.S. farmers.
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A Discussion with John Bellamy Foster – Presenting the 2021 transform! yearbook
A discussion with John Bellamy Foster, one of the world’s leading figures in Marxian ecological theory.
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Terrorism and the War Crisis
Whatever might be terrorism’s deep origins, whatever the economic and political factors involved in it, and whoever might be most responsible for bringing it into the world, no one can deny that terrorism is today a dangerous and ethically indefensible phenomenon, which must be eradicated.