Subjects Archives: Economic Theory

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.

In her book titled The Accumulation of Capital, published in 1913, Rosa Luxemburg devoted an entire chapter to international loans in order to show how the great capitalist powers of the time used the credits granted by their bankers to the countries of the periphery to exercise economic, military and political domination on the latter.

Research has shown that the people most responsible for a warming planet were disproportionately the same people attending the summit and an increasing number of observers see climate change, inequality and capitalism as bound together.

The U.S. is currently enjoying another stock market boom which, if history is any guide, also stands to end in a bust. In the meantime, the boom is having a politically toxic effect by lending support to Donald Trump and obscuring the case for reversing the neoliberal economic paradigm.

U.S. CEOs not only draw the highest salaries (including bonuses and equity awards, etc.), but they are king of the hill when it comes to lording it over their employees, as illustrated by the high ratio of CEO to worker earnings.

Economic inequality in the United States and around the world is now so obscene, and has convinced more and more people to do something about it, that the business press has initiated a campaign to deny its very existence.

Alexandra Scaggs joins Money on the Left to discuss her experience covering the ongoing paradigm crisis in mainstream economics, central banking and finance—and why leftists should be paying close attention.