A new IPS briefing paper highlights the unique role of tax policy in wealth concentration.
Subjects Archives: Financialization
The recent GameStop story coming out of the U.S. pushed arcane financial dealings into a prominence they rarely enjoy. The public was introduced to weird concepts such as “short selling and short squeezes” and, for a while, they are likely to be part of many Zoom conversations.
Historically, the châteaux of the Loire Valley were assessed by their windows. ‘A fifty-windowed castle’, an onlooker might surmise to suggest its worth. Russian boyars quantified their properties in souls–whether dead or alive, according to Gogol’s Dead Souls.
Forced labor of Uyghurs in China is questionable, but there is absolute proof that incarcerated people in this country are forced to work for little or no pay.
Haiti’s president’s term has come to an end, but he refuses to step down. Solidarity is urgent.
January proved to be an unusual month in the U.S. equity market. The shares of GameStop, a brick-and-mortar retailer of gaming consoles and video games, had in the course of that month risen by close to 2000 per cent.
During Tuesday’s confirmation hearings before the Senate, nominees for positions in Joe Biden’s cabinet expressed their support for a tough stance on China.
In the 1980s, the U.S. imposed a 100% tariff on virtually all Japanese electronics and forced Tokyo to sign a one-sided trade deal that reserved much of its domestic semiconductor sector for American companies.
Contrary to the dominant discourse, it is actually the case that the 54 African states finance developed countries and not the other way round.
John Green teaches us about Imperialism.
In this episode we are joined by Christine Desan, Leo Goettlieb professor of law at Harvard Law School to discuss her excellent book, Making Money: Coin, Currency, and the Coming of Capitalism.
Democrat and Republican leaders in Congress announced a new $900 billion stimulus bill over the weekend for a second round of “relief” in the face of the worsening pandemic and related economic crisis.
In December 2020, on the occasion of the fifth anniversary of the signature of the Paris Agreement on Climate, the UN General Secretary sounded the alarm because the situation has fundamentally worsened. In this article we analyze what the World Bank and the IMF have done in connection with the environmental crisis and climate change.
Both the number of initial unemployment claims for unemployment compensation and the number of continued claims for unemployment compensation are once again on the rise, signaling a worsening of the Pandemic Depression.
China’s use of yuan-denominated central bank swaps, while enhancing its influence, is a source of support for developing countries in an unequal international order.
We believe that socialism provides the solution to the world’s ills and that marxist theory gives us the tools to enact social change we so desperately need.
“I expect the prevailing direction of U.S. foreign policy over these last decades to continue: more lawless bombing and killing multiple countries under the cover of “limited engagement,” – Biden Biographer Branko Marcetic
The U.S. military establishment will breathe a sigh of relief at Joe Biden’s victory in the presidential election. Nearly 800 former high-ranking military and security officials penned an open letter in support of the Democratic candidate during the campaign.
In mid-January 2020, 800 people gathered at Mexico’s Ministry of Economy to celebrate “China Day” with a seminar on Chinese-Mexican relations.
The super-rich increased their combined fortunes by 27.5% during the worst of the market turmoil from April through July.