Subjects Archives: Financialization

Wall Street investors have hit the jackpot. Soon they’ll be able to buy, own, and dictate The Commons, public lands, the world of Mother Nature.

Addressing global warming requires cutting carbon emissions by almost half by 2030! For the Intergovernmental Panel on Climate Change, emissions must fall by 45% below 2010 levels by 2030 to limit warming to 1.5°C, instead of the 2.7°C now expected.

SYDNEY and KUALA LUMPUR: Current climate mitigation plans will result in a catastrophic 2.7°C world temperature rise. US$1.6–3.8 trillion is needed annually to avoid global warming exceeding 1.5°C.

This is far from a “hot take”: financial wealth in the United States is highly concentrated, with most households, especially Black and Hispanic households, owning few financial assets

We cannot give ourselves the luxury of being technophobic, of negating the importance of technologies and their potential in the struggle. At the same time, we cannot believe in the idea that technology in itself will result in advances for the organised working class.

After spending weeks conducting backroom negotiations with Sen. Joe Manchin, Sen. Krysten Sinema and other right-wing Democrats in Congress over the social program budget, the Biden administration announced yesterday a “framework” that abandons some of the most important elements of the original proposal.

The IMF caused social and economic decadence in the world; they and other international financial organisations are responsible for the global crisis.

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.