In their crusade to get Trump and distract from their own corruption, the Democrats have moved on from Russiagate to an impeachment inquiry over “Ukrainegate.”
Subjects Archives: Financialization
A green Earth with peace and room for us all
Draft Globalization programme submitted by the National Board of the Red-Green Alliance/Enhedslisten, Denmark, to the party’s next Annual Congress on 5 – 6 October. It is a programmatic text about global development.
iPhone workers today are 25 times more exploited than textile workers in 19th Century England
A recent report by the International Labour Organisation shows that the total global labour force is now measured at 3.5 billion workers. This is the largest size of the global labour force in recorded history. Talk of the demise of workers is utterly premature when confronted with the weight of this data.
Education Dept says Middle East Studies program has to advance the security interests of the United States in order to receive further funding
The U.S. Department of Education has determined the Duke-University of North Carolina Consortium for Middle East Studies misused Title VI funds and they’re requiring the program to provide a revised list of activities that will use these funds over the coming year.
Marx on taxation
“Marx on tax” is seen as an “empty box” by David Harvey in his latest book on Capital, but Marx and Engels had plenty to say about tax. Their tax theorizing is no anachronistic curiosity but perfectly applicable to the income and wealth inequalities of our own era.
Top 1% up $21 Trillion. Bottom 50% down $900 Billion.
The insights of this new data series are many, but for this post here I want to highlight a single eye-popping statistic. Between 1989 and 2018, the top 1 percent increased its total net worth by $21 trillion. The bottom 50 percent actually saw its net worth decrease by $900 billion over the same period.
Outsourcing exploitation: global labor-value chains
Through their control over supply chains, multinationals based in the global north exploit workers in the global south.
Lula: “U.S. hand” on everything that’s happened in Brazil
In an interview with Bob Fernandes, on TVE Bahia, former president Luiz Inácio Lula da Silva said that the U.S. government “created the Lava Jato investigation to take our oil.”
Time is running out
Richard Reeves is right about one thing: time is crucial to capitalism’s legitimacy. The premise and promise of capitalism are that the future will be better than the present. And “if capitalism loses its lease on the future, it is in trouble.”
CEO compensation has grown 940% since 1978
Typical worker compensation has risen only 12% during that time
China & World trade
Just in case you had forgotten that China is a major part of the global economy, here is a chart from the Bank of England’s Financial Stability Report.
The NYT’s six percent solution for student debt
Why are Democratic candidates going on about student loan debt? Why, the problem is practically solved already!
Imperialism in a coffee cup
Why is it that just 1p of a £2.50 cup of coffee goes to the farmer who cultivated and harvested the coffee beans?
Inflation & the Politics of Pricing with Nathan Tankus
In this episode, we talk with Nathan Tankus, Research Director of the Modern Money Network, and Research Fellow at the Clarke Business Law Institute at Cornell Law School. We ask Nathan to expand upon and deepen his engagement with the inflation question in all its historical, political, and rhetorical complexity.
Disruption in the world of trade
What is noteworthy is that the deceleration in import volume growth has been particularly marked in the emerging economies of Asia and Latin America, pointing to a loss of momentum in the countries that were expected to be new growth poles in the immediate aftermath of the 2007 crisis.
The Unipolar Moment is over
The Russia-China strategic partnership, consolidated last week in Russia, has thrown U.S. elites into Supreme Paranoia mode, which is holding the whole world hostage.
Money on the left: confronting monetary imperialism in Francophone Africa
Ndongo Samba Sylla on the history of political economy in pre- and post-colonial Africa, the theoretical bases and political stakes of the anti-CFA Franc movement, and how Modern Monetary Theory (MMT) ought to inform current and future efforts to restore political and economic sovereignty to West African nations.
Colored Property & State Debt with David Freund
In this episode, we talk with David Freund, associate professor of history at the University of Maryland. David is the author of Colored Property: State Policy and White Racial Politics in Suburban America, an award-winning book that tracks how the language of racial exclusion was re-coded in terms of markets, property, and citizenship in the […]
‘Facebook Coin’: The media giant is trying its hand at banking
Facebook’s cryptocurrency initiative furthers an agenda of neoliberal financialization, writes Josh Gabert-Doyon
Imagining the Green New Deal with Robert Hockett
In this episode, we speak with Robert Hockett, Edward Cornell Professor of Law at Cornell Law School. At Cornell, about his role in crafting the Green New Deal Resolution, his conception of finance as a franchise, and his experience as an advisor to Congresswoman Alexandria Ocasio-Cortez as well to Senators Sanders and Warren.
