From bus drivers to ballet dancers, workers from across France have taken to the streets in opposition to President Emmanual Macron’s attempts to reshape the country into a U.S.-style neoliberal state.
Subjects Archives: Financialization
When it comes to pay, U.S. business leaders are world champs
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.
The people of Colombia are cracking up the walls of war and authoritarianism
The protests that started with the national strike called by Colombia’s central union on November 21 to protest pension reforms and the broken promises of the peace accords have persisted for two months and grown into a protest against the whole establishment. And the protests have continued into the new year and show no signs […]
World First: Bank of England unveils climate stress test to banks and insurance companies
Tackling climate change isn’t just about replacing fossil fuels with renewables, or planting more trees. It’s about confronting climate stress across society.
Jeff Bezos donates three minutes’ income to help Australia fight wildfires
The donation would be equivalent to someone who earned $500 per week announcing on social media that they had just donated five cents to help tackle the blazes.
‘Grévolution’: first round of a general strike
Since the middle of December, France has been gripped by a wave of large scale strikes. In this article the French collective Plateforme d’Enquêtes Militantes analyses the composition of the strikes, and the potential for its continued escalation.
Covering the Paradigm Crisis with Alexandra Scaggs
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.
End of the free trade myth
“Is that a big deal?”, some may ask. It is to those who have pushed for achieving the far-reaching liberalisation of trade in an unequal global order, first under the General Agreement on Tariffs and Trade (GATT), and then under the auspices of the agreements that established the WTO and defined and expanded its remit.
If you want peace, you get war; if you want war, you get rich
A quarter century ago, Victoria Sandino Palmera joined the Revolutionary Armed Forces of Colombia–People’s Army (FARC-EP). She had previously been a militant in the Communist Party and–when FARC-EP was above ground in the 1990s–joined the Patriotic Pole. But the repression of what she calls the ‘traditional oligarchy’ sent her back to the jungle over and […]
Public housing as the front line of Green New Deal
The AOC-Sanders initiative seeks to flip the racist script by revaluing public housing and its remaining occupants.
A wealth tax: because that’s where the money is
The bank robber Willie Sutton, when asked by a reporter why he robbed banks, is reputed to have answered, “Because that’s where the money is.” Which brings us to a wealth tax.
The empire, Trump and intra-ruling class conflict
Over the past few months President Trump has unilaterally by Tweet and telephone begun to dismantle the U.S. military’s involvement in the Middle East. The irony is amazing, because in a general overarching narrative sense, this is what the marginalized antiwar movement has been trying to do for decades.(1) Prof. Harry Targ, in his important […]
Apartheid in the global governance system
In my research I have argued that rising global inequality is driven in large part by power imbalances in the global economy, in that rich countries have disproportionate influence when it comes to setting the rules of international trade and finance.
Another look at the Federal Reserve’s panic in September 2019 and solutions to the crisis
You may recall that from 17 September 2019, the United States Federal Reserve injected massive amounts of liquidity into banks due to a quite abnormal situation on the repo market.(1) The repo market designates a mechanism used by banks to obtain short-term financing. They sell securities they hold in repurchase agreements (repo).
The U.S. armed and funded extremists in Syria
The US armed and funded extremists in Syria to overthrow the Syrian government and the media cheered. Those same extremists then attacked the Kurds on Turkey’s behalf to the horror of the same media. Now what?
The IMF does not fight financial fires but douses them with gasoline
On 13 October, Moreno had to promise to withdraw Decree 833. Pressure from the streets, from the United Nations, and from the Ecuadorian Episcopal Conference forced him to the table, where a televised discussion was held. The indigenous leaders won the ‘debate’–they were much more prepared and far more humane than the president and his […]
Ireland is a racket (for foreign capital)
For 60 years Ireland has based its economy on attracting in foreign direct investment. And what’s has it got to show for it? One of the highest per capita national debts in the world and one of the highest rent regimes in the world.
Impeachment watch
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.”
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.
