Subjects Archives: Financialization

The report of the death of China’s Belt and Road Initiative [BRI] was an exaggeration, after all.

Russia is extremely unlikely to fall a third time for a Biden/NATO request to ‘freeze’ military operations and negotiate again.

JOHN Stuart Mill was among the foremost liberal thinkers of modern times who wrote extensively on economics and philosophy.

In every country and culture, capitalism depends on an ideological mirage of equal opportunity and reward for effort, to conceal, as much as possible, the reality of brutal exploitation and inequality.

Insulated from popular discontent, independent central banks have free reign to undermine workers’ rights and further the neoliberal agenda, argues John Clarke.

President Biden announced the grant, part of the massive $280 billion CHIPS Act, on March 20 in Arizona.

Shortly before his death, in a series of writings, Samir Amin unfolded the two issues that mainly concerned him. The first was China’s refusal to succumb to financial globalization, that is, to the totalitarian power of global financial capital; the second was the need to build a “Fifth International.”

A study by the Urban Institute (UI) in 2018, before the pandemic struck, found that nearly 40 per cent of non-elderly adults and their families struggled to afford at least one basic need for health care, housing, utilities or food in 2017.

Government officials said that they were interested in killing only “terrorists”. But the “terrorists” were supported by most of the population, whom the authorities in fact considered collaborators and fair game.

Blackstone, Apollo, and a handful of other firms are demolishing the US economy for short-term gain, and leaving workers and communities in the wreckage.

For months the mainstream media and Washington Pols have been pushing the metaphor that the U.S. economy is a plane on its final approach to a ‘soft landing’. Soft landing is defined as inflation steadily coming down to the Federal Reserve’s goal of a 2% price level AND does so without provoking a recession.

Ottawa appears largely unconcerned by Ecuador’s social and institutional decay.

The widespread ownership of crypto currencies in countries like Turkey and Argentina has created the grounds for a very reactionary economic understanding among broad social segments, especially among young people.

Social Security has been a financial rock for seniors ever since benefits first began flowing in 1940.

According to an analysis from the Massachusetts Institute of Technology, the minimum wage does not suffice to pay for a typical set of living expenses in any state of the United States. Hawaii, Georgia and Utah, where the living wage gap exceeded $10 per hour, fared the worst.

The economic reality the U.S. public deals with differs so much from selective statistics reported by the media that there’s a split in perceptions of the actual U.S. economy as well.

There are well-known problems associated with the concept of gross domestic product as well as with its measurement.

Land area under ECOWAS, which is condemned by West Africa’s popular movements as an agent of French imperialism, has been reduced to less than half after their withdrawal.

China’s state-led economic development model and robust industrial policy has transformed it into what an influential European think tank calls “the world’s sole manufacturing superpower”, making up 35% of global gross production–more than the 9 next largest manufacturers combined.

Farmers in France are not a homogenous block, and the left needs to be able to unite with its more progressive elements to generalize revolt, argues John Mullen.