Subjects Archives: Economic Theory

Abolition of the police begins with community control, in which community representatives not only hire, fire and oversee the cops, but decide the nature of the policing that is necessary and acceptable.

There is a massive problem of external debt building up for the third world, of which the recent Argentine debt crisis was only one manifestation. At the root of the problem is the collapse of primary commodity prices in the world market which began in April 2011.

Richard Heinberg is a very important scholar and an apparently lovely human being. His books are always penetrating, and both his contribution to and his review of Michael Moore’s corporate-green-censored movie, Planet of the Humans, demonstrate his continuing efforts to speak crucially unheard truths.

The coronavirus pandemic of 2020 has slammed into the global system with almost the same impact we might expect from an asteroid strike. All aspects of economic, cultural and political activity on the planet have been devastated and disrupted in ways that seemed unimaginable just a few months ago.

The current ecological and social crisis, a crisis which has seen its effects increased by a public health emergency caused by the COVID-19 pandemic, is a crisis which raises serious concerns over environmental sustainability and social polarization and which has a fundamental cause: the blind logic pursued by our economy system, where everything is secondary to profits.

David Chappelle is an American stand-up comedian, actor, writer, and producer, best known for his satirical comedy sketch series Chappelle’s Show (2003 – 2006).

Mass deforestation, industrialised animal agriculture and reductions in biodiversity are among a number of factors which increase the likelihood of the emergence and spread of dangerous pathogens such as the coronavirus disease 2019, explains scientist Dr Rob Wallace in an exclusive interview with Sputnik.

In the age of COVID-19, poor and working-class people are susceptible not just to illness, but also to discrimination and disdain.

Universities can immediately bypass feckless state & federal legislatures & finance themselves directly with “Unis” supported by the Federal Reserve For a growing majority of outspoken administrators and faculty, the economic fallout associated with the Covid-19 crisis threatens to catapult U. S. higher education into a draconian age of austerity, layoffs, and closures. The question, […]

There is an exodus of finance from the third world at present, far exceeding in scale what had occurred in 2008 after the financial crisis.

A new report from the Institute for Policy Studies, “Billionaire Bonanza 2020: Wealth Windfalls, Tumbling Taxes, and Pandemic Profiteers,” reveals that the wealth of U.S. billionaires is indeed staying at home.

Oil-producing nations led by Russia, the U.S. and Saudi Arabia reached an unprecedented agreement on Sunday to cut oil production by 9.7 million barrels per day, or nearly 10 percent of what is currently produced, as The New York Times reported.

Rohan Grey and Nathan Tankus join Money on the Left to discuss the flurry of debate about Modern Monetary Theory (MMT) arising out of the Coronavirus crisis. We focus, in particular, on the Modern Money Network’s multi-pronged efforts to illuminate and remedy the resulting economic devastation. At the center of our conversation is Rohan’s contribution […]

At the risk of making it seem like central bank swap lines are the solution to every problem, a swap line for local and state governments is the perfect tool using the Federal Reserve’s existing legal authority and can facilitate supporting these local currencies.

Empty hotel rooms, bare supermarket shelves, factories producing jet engines and luxury cars instead of ventilators, governments competing with each other to purchase testing kits and masks. This way of organising society doesn’t make sense.

There is no magic money tree – the ‘rescue packages’ aim to rescue a rotten system, and won’t work.

Yanis Varoufakis, DiEM25 co-founder and MeRA25 MP, on the economic and political impact of the coronavirus.

This month’s Money on the Left episode departs from the show’s regular interview format to reflect on the past, present and future of the Money on the Left project as a whole. We focus, in particular, on a recent special scholarly journal issue dedicated to Money on the Left, which was published by Liminalities: A […]

No, we’re not all in it together. Our rulers are responsible for the system that’s creating an ecological catastrophe. As that crisis intensifies, it’s exposing and intensifying the divide between us and them.

Unlike capitalism, socialism avoids any waste or slack, such as is caused by an over-production crisis, by raising the consumption of workers appropriately to avert it.