Subjects Archives: Financialization

Decades of public health cuts have quietly taken a huge human toll, now even more pronounced with the pandemic. Austerity programmes, by the International Monetary Fund (IMF) and World Bank, have forced countries to cut public spending, including health provisioning.

ON July 19, 1969, 14 major banks were nationalised in the country. Today, after 52 years there is some talk again of privatising the nationalised banks, which naturally raises the question: why were banks nationalised at all?

Canadian mining companies own $2.5 billion of Burkina Faso’s gold, and the country is one of the most poverty-stricken in Africa.

Over 40% of Black and Latinx households pay more than 30% of their income on rent, compared with 25% of white households.

On 25 February 2021, the Chinese government announced that extreme poverty had been abolished in China, a country of 1.4 billion people. This historic victory is a culmination of a seven-decade-long process that began with the Chinese Revolution of 1949.

Urban crime is the golden child of local media, as recent FAIR coverage (6/21/21) has shown. But as FAIR’s Julie Hollar recently noted, the amount of attention given to a topic does not always reflect the seriousness of the situation.

The first decades of the 21st century have been a gilded age for the world’s super-rich. While the mass of humanity has struggled through successive economic crises, accelerating climate and environmental breakdown and now a devastating global pandemic, the billionaire class’s wealth has piled up to ever more dizzying heights.

Contrary to rhetoric from Democrats and Republicans, the U.S. has an economic interest in trade and peace with China

Between 30 June and 2 July 2021, the United Nations and other multilateral organisations held the Generation Equality Forum in Paris (France).

On February 25, 2021, China’s President Xi Jinping announced that his country of 1.4 billion people had pulled its people out of poverty as it is defined internationally.

More than half a century after Kwame Nkrumah first articulated his magisterial critique of neocolonialism, Scott Timcke argues his critique remains just as relevant in the analysis of present-day developments of capitalism in Africa.

Cuba thanked Canadian entrepreneurs who do business with the country despite the economic, commercial and financial blockade imposed by the United States on Cuba, the Ministry of Foreign Trade and Foreign Investment (MINCEX) reported.

In this episode, we’re joined by Rohan Grey (@rohangrey), President of the Modern Money Network, Director of the National Jobs for All Coalition, Research Fellow at the Global Institute for Sustainable Prosperity, and JSD student at Cornell Law school. Our conversation is dedicated to Rohan’s current work on the political, economic, and cultural implications of money’s digital future.

An invoice for advance payment of $45 million raised by the offshore partner of Bharat Biotech is certain to become the reason for the impending cancellation of the contract.

Canadians won’t settle for a return to how things were before the pandemic.

The report doesn’t show illegal activity; that’s what makes it so damning.

In this timely book, Matthew Brown and Rhian E. Jones explore new forms of democratic collectivism across the UK, writes Hilary Wainwright.

recent article in the New York Times takes aim at ‘How Big Tech Won the Pandemic’, highlighting how in the last year alone, Amazon, Apple, Google, Microsoft, and Facebook posted a combined revenue of more than $1.2 trillion.

Last week, the largest rich countries, home to most major transnational corporations (TNCs), agreed to a global minimum corporate income tax (GMCIT) rate. But the low rate proposed and other features will deprive developing countries of their just due yet again.

We face many big challenges. And we will need strong, bold policies to meaningfully address them. Solving our child-care crisis is one of those challenges, and a study of World War II government efforts to ensure accessible and affordable high-quality child care points the way to the kind of bold action we need.