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Gender, Labor, & Law with Emma Caterine
In this episode, we speak with Emma Caterine (@emmacaterineDSA), a law graduate and writer with more than a decade of experience working within economic justice, feminist, LGBTQ, and racial justice movements. We talk Democratic Socialists of America, MMT, the advantages of a federal jobs guarantee over a universal basic income, the place for sex work in a jobs guarantee program.
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The 21st Century has been hard on U.S. households
The 21st Century has not been a good one for most working people in the United States. In fact, for most of this century, real median household income has been below its starting value in January 2000.
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Why Russia is growing gold reserves to record levels
According to Russian Central Bank figures, Russia’s total gold reserves amounted to 1,944 tons as of June 2018, with the regulator pointing to a steady rise in holdings of the precious metal over the last decade (total gold reserves amounted to less than 500 tons in 2008). In the same period, the share of gold in Russia’s total reserves grew from just 2.5 percent to over 17 percent.
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Globalization checkmated? Political and geopolitical contradictions coming home to roost
The deepening of economic globalization appears to have ground to a halt and the process may even unravel a little. The sudden stop has surprised economists, whose belief in globalization has strong parallels with Fukuyama’s (1989) flawed end of history hypothesis.
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U.S. manufacturing is far from healthy and the main reason appears to be globalization
Public awareness and acceptance of the negative consequences of corporate-driven globalization on U.S. workers has grown dramatically over the last years, aided in part by Donald Trump’s attacks on trade agreements like NAFTA.
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The New Postcolonial Economics with Fadhel Kaboub
In this episode, we speak with Fadhel Kaboub (@fadhelkaboub), associate professor of economics at Denison University and President of the Global Institute for Sustainable Prosperity. Fadhel outlines a new critical approach to postcolonial political economy, arguing that re-gaining financial sovereignty is a crucial next step for postcolonial nations hoping to achieve social, economic, and environmental justice.
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No migration without economic exploitation
Why are thousands of Central Americans fleeing violence and economic devastation and flocking to the United States? Because of the American dream? Because the streets are paved in gold?
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‘Corbynomics’ as fair and caring socialism
Karl Polanyi’s reciprocal, redistributive substantive-socialism; ‘Corbynomics’ as fair and caring socialism.
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Confronting Cinema’s Fascist Unconscious with Maxximilian Seijo
In this episode, Money on the Left cohost Maxximilian Seijo (@maxseijo) expands upon the argument made in his video essay, “Inglorious Basterds: Nazi Desire Fully Employed,” which takes a neochartalist lens to Quentin Tarantino’s Inglorious Basterds (2008).
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Marx ratio
First there was the Great Gatsby curve. Then there was the Proust index. Now, thanks to Neil Irwin, we have the Marx ratio.
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Job Guarantee as Historical Struggle with David Stein
In our inaugural episode, we consider the recent resurgence of full employment politics in the United States from both a political and historical perspective with historian David Stein (@davidpstein).
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China’s determined march towards the ecological civilization
There is no time for long introductions. The world is, possibly heading for yet another catastrophe. This one, if we, human beings will not manage to prevent it, could become our final.
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Inequality and fairness
In a 2014 study, Sorapop Kiatpongsan and Michael Norton asked about 55,000 people around the globe, including 1,581 participants in the United States, how much money they thought corporate CEOs made compared with unskilled factory workers.
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Calculating surplus value to facilitate workplace organizing
Using Marx’s critique of political economy, it’s possible for workers employed in a variety of industries to calculate the value of their work and how this value is divided between employer and employee. It becomes possible to calculate the socially necessary labor time and surplus labor time, worker wages and employer profits in their particular workplace.
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Commoditisation and the public sphere
The commoditisation of education which makes it completely incapable of providing students with the wherewithal to engage in any active and worthwhile public discourse, has proceeded apace under the neo-liberal regime.
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Does capitalism depend on credit?
Credit is essential for the continuation of capitalism but also a major source of its instability, writes the Marx Memorial Library.
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Half a year on from Hurricane Maria, many Puerto Ricans lack running water and electricity
PUERTO RICANS marked six months today since the formation of Hurricane Maria, which devastated the island, causing about $100 billion (£72bn) in damage.
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Utopia and healthcare (part 2)
The dystopia of the American healthcare system certainly invites a utopian response—a ruthless criticism as well as a vision of an alternative.
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The political economy of space and time in Eduardo Galeano
Uruguyan novelist and historian Eduardo Galeano (1940–2015) wrote more than 40 books. Monthly Review lauded his creative non-fiction Open Veins of Latin America: Five Centuries of the Pillage of a Continent (1973[1971]) as ‘outstanding political economy … and perhaps the finest description of primitive capital accumulation since Marx’.
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Are intersectionalism or Afro-Pessimism paths to power? (Part 3 of 3)
In parts one and two of this series I’ve talked about the fact that there are two conflicting versions of intersectionality, one employed by some honest to god leftists who reach backward across decades to ventriloquize the term into the mouths of the Cohambee comrades, of Audre Lord, even of Claudia Jones and Sojourner Truth, and how this exists alongside another, hegemonic version of intersectionality deployed by the corporate funded lawyers, media and the nonprofit sector which invented the term in the first place for reasons Cohambee or Claudia Jones would never touch.