Subjects Archives: Financialization

The collective push to replace the U.S. dollar as the world reserve currency has much to do with Washington’s “weaponization of the dollar through the use of sanctions.”

The BRICS bloc’s New Development Bank, an alternative to the U.S.-dominated World Bank, is de-dollarizing its loans, promoting local currencies, and adding new members: Argentina, Saudi Arabia, and Zimbabwe.

‘Experts’ from defense industry funded think tanks are flooding the media, pushing for more arms without disclosing their benefactors.

U.S. politicians from both parties agree: the deficit doesn’t matter. In their bipartisan deal to raise the debt ceiling, Biden and Republicans are boosting military spending to $886 billion while making it harder for poor people to receive food stamps and welfare.

In May 1979, the Center for Afro-American Studies at the University of California, Los Angeles hosted a symposium titled The Political Economy of the Black World. We are publishing, for the first time, Walter Rodney’s thoughtful presentation at this symposium.

The Greek philosopher Heraclitus had said “You cannot step into the same river twice.”

On December 7, 2022, Southwest Airlines announced that it would reinstate its quarterly dividend payments, which had been legislatively suspended under requirements in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

Most people, including even trained economists, fail to appreciate the fact that an exchange rate depreciation, if it is to work in reducing the trade deficit in a capitalist economy, must necessarily hurt the working class by lowering the real wage rate

All of the social gains made by the working class in the course of more than a century of struggle must be wiped out to pay for the drive by the American ruling class to remove, by force of arms, Russia and China as obstacles to US hegemony, even if it means triggering a nuclear war.

On Friday, the White House announced the most reckless and dangerous escalation of its involvement in the war with Russia to date, that it has decided to train Ukrainian pilots to fly U.S.-made F-16 fighter jets and send the nuclear-capable planes to the battlefield.

The Grayzone has obtained video recordings of well-connected figures within Moldova’s political and business community openly testifying to rank corruption within the country’s government and economy, while outlining schemes to enrich Western investors for an appropriate fee.

This year marked the 75th anniversary of the WHO. But as the UN agency approaches its yearly assembly in Geneva, it is still struggling to secure adequate resources for functioning independently of the private sector and pressures from high income countries.

Dicky Kartikoyono the Head of Strategic Management and Governance Department of the Central Bank, says that Indonesia will launch its very own national payments system to be used in state-owned institutions and enterprises.

The U.S. President, who has constantly held up the banner of human rights in his policies with non-friendly states, has sold weapons to the majority of ‘autocratic’ states in 2022.

The Trudeau government is pressing Mexico to maintain its loosely regulated, pro-capitalist mining policies.

The Supreme Court justice switched sides on a landmark legal doctrine, satisfying his benefactors’ conservative advocacy machine.

There was a time when the International Monetary Fund’s “recommendations” on how to reorganize an economy were read, defended and executed as if they were a divine mandate.

The characterization of landlords as struggling families is central to the prevailing depoliticized view of housing.

JANET Yellen, the U.S. treasury secretary, has finally acknowledged what has been obvious to most people for quite some time, namely that the imposition of sanctions against countries that the U.S. is hostile to, runs the risk of jeopardizing the hegemony of the dollar as the world’s reserve currency.

The U.S. dollar is essential to U.S. global power projection. But in 2022, the dollar share of reserve currencies slid 10 times faster than the average in the past two decades.