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Subjects Archives: Financialization
Meet the filthy rich war hawks that make up Biden’s new foreign policy team
“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
Why the military establishment backed Biden
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.
China is working to expand its ties to Latin America
In mid-January 2020, 800 people gathered at Mexico’s Ministry of Economy to celebrate “China Day” with a seminar on Chinese-Mexican relations.
Billionaires’ net worth grows to $10.2 trillion during pandemic
The super-rich increased their combined fortunes by 27.5% during the worst of the market turmoil from April through July.
A response to Pollin and Chomsky: We need a Green New Deal without growth
Robert Pollin and Noam Chomsky have a new book out, Climate Crisis and the Green New Deal. It’s an important contribution to the emerging GND literature, from two thinkers I respect.
The best response is to communicate the Revolution
The new U.S. financed counter-revolution hopes to manipulate sensitive issues and create the conditions for a social confrontation, for conflict and destabilization of the country.
Venezuela’s ability to fight COVID-19 is badly hamstrung by the 31 metric tons of gold stolen from its treasury
On October 5, 2020, the England and Wales Court of Appeal overturned a lower court decision from July that denied the Venezuelan government access to 31 metric tons of its gold stored in the Bank of London.
It’s all work and no pay for most women in India
The NSSO’s time use survey reveals striking facts about how men and women in India spend their time very differently, with women hugely burdened by unpaid work
Why America’s economic war on China is failing
U.S. President Donald Trump—supported by most of the U.S. establishment—deepened the U.S. government’s assault on the Chinese economy.
From Paul Wolfowitz (2005-2007) to David Malpass (2019-…): the U.S. President’s men control the World Bank
In 2020, the World Bank (WB) and the IMF are 76 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few major allied powers who work to generalize policies that run counter the interests of the world’s populations.
Money After Redlining with Rebecca Marchiel
In this episode, Money on the Left hosts speak with Rebecca Marchiel, Assistant Professor of History at University of Mississippi, about her important new book, After Redlining: The Urban Reinvestment Movement in the Era of Financial Deregulation (University of Chicago Press, 2020). After Redlining tells the story of the anti-racist urban reinvestment movement in early […]
Deutsche Bank money laundering scandal could create greatest economic crisis in history
The leak of the FinCEN Files over the weekend has rocked global markets and augurs a financial crisis of epic proportions as Deutsche Bank hovers over the precipice.
Beyond the mainstream
This is certainly not the first time people have looked beyond mainstream economics.
Wise People Know That Winning a War Is No Better Than Losing One
U.S. President Donald Trump and his ‘war council’–led by Secretary of State Mike Pompeo–have amplified their aggression against China.
A victory for students and parents: SPLC, allies win case blocking DeVos from diverting COVID-19 relief funds away from public schools
A federal court has sent a clear message to U.S. Education Secretary Betsy DeVos: You cannot use a national crisis as an excuse to advance your education privatization agenda by siphoning desperately needed COVID-19 relief money away from public schools.
Times remain hard, especially for low-wage workers
The current economic crisis has hit workers hard. Unemployment rates remain high, with total weekly initial claims for unemployment insurance benefits continuing to grow.
Chart of the day
The number of continued claims for unemployment compensation, while below its peak, rose from the previous week and was more than 29 million American workers—a figure that includes workers receiving Pandemic Unemployment Assistance.
Mainstream macroeconomics—pandemic edition
Right now, the United States is mired in an economic depression, the Pandemic Depression, not dissimilar to what happened in the 1930s and again after the crash of 2007-08.
The stage is set for a Venezuela October surprise
Aggression against Venezuela from the U.S. has intensified in recent weeks and all signs are pointing towards an escalation ahead of elections in the U.S. and Venezuela.
