Subjects Archives: Financialization

The bagels at Homegrown are some of the best in northern California, in part because the owner, Stuart Teitelbaum, who was born and raised in Manhattan on the Lower East Side, and grew up eating bagels and bialys.

Resilience cannot be restored without public spending, but the rentier business plan is to minimize taxes by shrinking the government, especially by privatizing its public utilities and other functions to create opportunities for charging monopoly rents, and to oppose taxation of economic rent.

In the 19th Century, “hypothecations” provided investors with valuable information on sovereign fiscal resources.

Many commentators and academics interested in African development have in recent decades shown a disinclination or disdain towards incorporating ‘global capitalism’ into their analyses of countries of the continent.

The get-rich-quick scheme, banned in China and elsewhere, is invading U.S. communities unchecked, posing as an “equalizing, democratizing” currency. It’s not.

Treasury Secretary Janet Yellen warned that the country is now just weeks away from hitting the debt ceiling.

As People Before Profit prepare to introduce a Bill to Dáil Éireann which would ban new data centres in Ireland, Alexandra Day looks at the disasterous impact of these centres for the environment and communities.

THE period of neo-liberalism witnesses an increase in the share of economic surplus in total output both in individual countries and also for the world as a whole.

Chile’s President Sebastian Piñera, Ecuador’s President Guillermo Lasso, and Dominican Republic’s President Luis Abinader are the active top politician implicated in the leak.

Many are understandably alarmed about what the September 4th termination of several special federal pandemic unemployment insurance programs will mean for millions of workers.

Wind, solar, and batteries are already the cheapest source of electricity and an aggressive shift to clean energy makes more economic sense than a slow one, according to a new study. However, an enormous lobbying effort is underway to block climate policy in the $3.5 trillion budget bill under consideration.

As developing countries struggle to cope with the pandemic, they risk being set back further by restrictive fiscal policies. These were imposed by rich countries who no longer practice them if they ever did. Instead, the global South urgently needs bold policies to ensure adequate relief, recovery and reform.

A federal judge who wants Buffalo’s incumbent mayor back on the ballot is being scrutinized for his real estate ties.

Capitalism is supposed to be all about economic growth, through the dynamism that is created by competition. This growth is meant to be driven by investment (or accumulation) which, in turn, is used to justify the shares of national income that are delivered to private profits, to the owners of capital.

Burger King’s foray into recent conflict in Azerbaijan is part of a historical trend of corporations weighing in–and benefitting from–conflict, writes Tommy Hodgson

Many fear that the volatility of the cryptocurrency will affect their income and purchasing power. They condemned that it is not suitable for small vendors and only benefits the big investors and transnational companies.

The Banque Nationale d’Haiti (BNH) was housed in a whitewashed, two-story colonial building at the corner of rues Ferou and Américaine in the downtown business district of Port-au-Prince.v

The early history of U.S. imperial banking and the internationalization of Wall Street began alongside the project of U.S. colonial expansion at the turn of the 19th century and ended amid the financial and economic crises of the 1930s.

The 190 countries that are members of the IMF are entitled to allowances in strong currencies which they do not have to pay back. This device is called Special Drawing Rights. To this we must add loans that the IMF can grant to a country calling for help. Loans must be repaid with interest and are tied to conditions that reinforce neoliberal policies.

Vaccine costs have pushed many developing countries to the end of the COVID-19 vaccination queue, with most low-income ones not even lining up. Worse, less vaccinated poor nations cannot afford fiscal efforts to provide relief or stimulate recovery, let alone achieve Agenda 2030.