The series continues with analyses of how indebtedness developed in other regions of the Global South.
Subjects Archives: Financialization
Intellectual monopoly capitalism and its effects on development
What is new with contemporary (global) leading corporations? If gigantic monopolies are a repeated phenomenon in capitalism’s history, why all the fuss we see every day regarding high concentration?
Biden’s package and its pitfalls
U.S. President Joe Biden’s $1.9 trillion rescue package is one of the most ambitious measures to revive the U.S. and, with it, the world economy.
Ecuador’s poisoned loans from the World Bank and the IMF
Ecuador provides an example of a government which officially decided to investigate the process of indebtedness so as to identify illegitimate debt and suspend its repayment.
Time to put the spotlight on corporate taxes
A battle is slowly brewing in Washington DC over whether to raise corporate taxes to help finance new infrastructure investments.
If the minimum wage had increased as much as Wall Street bonuses since 1985, it would be worth $44 today
The 2020 bonus pool for 182,100 securities industry employees could pay for more than 1 million jobs paying $15 per hour for a year.
What you call love is unpaid work
Women around the world spend an average of four hours and twenty-five minutes per day on unpaid care work, while men spend an average of one hour and twenty-three minutes per day on the same kind of work.
Review – ‘Bank Job’
Jake Woodier reviews a new documentary film that brings heist aesthetics to a story of debt activism
Who are the 10 biggest pandemic profiteers?
One year after the COVID-19 pandemic began, U.S. billionaires have made out like gangbusters at the expense of workers.
The Paris Commune of 1871, banks and debt
150 years ago, on 18 March 1871, the Paris Commune was born.
Prioritise pandemic relief, recovery: No time for debt buybacks
Developing country governments are being wrongly advised to use their modest fiscal resources to pay down accumulated debt instead of strengthening pandemic relief and recovery. Thus, debt phobia risks deepening and extending COVID-19 recessions by prioritizing buybacks.
We have to change our suicidal ways and reconcile with nature to tackle climate crises and pandemics
Every day, entrepreneurs in Brazil cut down more of the Amazon to produce cheap soybeans for animals in Europe and America. Vietnam, Indonesia and Malaysia tear up their forests to produce cheap coffee and palm oil for the world.
Taxes on the rich: One-sixth of what they used to be
A new IPS briefing paper highlights the unique role of tax policy in wealth concentration.
GameStop and Share Markets: Between the bad and the ugly, there is no G
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.
The biopolitics of nursing homes
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.
Freedom Rider: Forced labor in the U.S.
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.
The foreign roots of Haiti’s “Constitutional crisis”
Haiti’s president’s term has come to an end, but he refuses to step down. Solidarity is urgent.
Changing the speculative game
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.
Biden nominees call for tough stance on China during confirmation hearings
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.
China tech ban mirrors 1980s attempts to destroy Japanese competition
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.
