A new IPS briefing paper highlights the unique role of tax policy in wealth concentration.
Subjects Archives: Financialization
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.
Illicit Financial Flows: Africa is the world’s main creditor
Contrary to the dominant discourse, it is actually the case that the 54 African states finance developed countries and not the other way round.
American Imperialism: Crash Course U.S. History #28
John Green teaches us about Imperialism.
Money as a Constitutional Project with Christine Desan
In this episode we are joined by Christine Desan, Leo Goettlieb professor of law at Harvard Law School to discuss her excellent book, Making Money: Coin, Currency, and the Coming of Capitalism.
‘Stimulus bill’: Congress gives working class the middle finger
Democrat and Republican leaders in Congress announced a new $900 billion stimulus bill over the weekend for a second round of “relief” in the face of the worsening pandemic and related economic crisis.
Climate and environmental crisis: Sorcerer’s apprentices at the World Bank and the IMF
In December 2020, on the occasion of the fifth anniversary of the signature of the Paris Agreement on Climate, the UN General Secretary sounded the alarm because the situation has fundamentally worsened. In this article we analyze what the World Bank and the IMF have done in connection with the environmental crisis and climate change.
Chart of the day
Both the number of initial unemployment claims for unemployment compensation and the number of continued claims for unemployment compensation are once again on the rise, signaling a worsening of the Pandemic Depression.
Bilateral swaps in China’s global presence
China’s use of yuan-denominated central bank swaps, while enhancing its influence, is a source of support for developing countries in an unequal international order.
The capitalist economy doesn’t work for workers
We believe that socialism provides the solution to the world’s ills and that marxist theory gives us the tools to enact social change we so desperately need.
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.
