Subjects Archives: Financialization

The 16th Summit of the BRICS organization is taking place this week in the Russian city of Kazan. President Nicolás Maduro was invited by the Russian president himself, Vladimir Putin, at the beginning of August, and is attending with a Venezuelan delegation.

THIS year’s Nobel Prize in economics (the Riksbank Prize to be more precise) has been awarded to three U.S.-based economists for their research into what promotes or hinders the growth of wealth among nations; and they assign a crucial role to institutions, arguing that western institutions like electoral democracy are conducive to growth.

On Monday, the Director of General Affairs of the Cuban Foreign Ministry, Carlos Pereira, announced that his country had requested to join BRICS+.

Credit card data is extremely valuable for companies aiming to predict how people will spend money in the future. Knowing how much people spend, where and on what day says a lot about consumers’ financial situations.

The new aid comes as the U.S. claims it’s pushing for a ceasefire in Lebanon.

Vice President Kamala Harris promises to build three million affordable houses if elected president.

CounterSpin interview with Steve Macek on dark money.

There is an expectation that Prime Minister Narendra Modi would prioritise a historic turnaround in India’s relations with China as a legacy of his 15 years in power. Things are indeed moving in such a direction. 

Far from being a sign of the U.S. government softening its economic and financial siege on Cuba and contributing to help Cuba’s private sector, this new policy attempts to destroy the core of the ideological makeup of Cuban socialism.

Developing country governments are being blamed for irresponsibly borrowing too much. The resulting debt stress has blocked investments and growth in this unequal and unfair world economic order.

The Deep State should have been alert five years ago when Candidate Joe Biden announced that he, if elected as president, was determined to make the Saudi rulers “pay the price, and make them in fact the pariah that they are.”

The movement for Palestine in the U.S. has mobilized hundreds of thousands of people to oppose the U.S. policy of unshakable support for Israel. Last Saturday, 100,000 surrounded the White House as part of the “people’s red line” against genocide.

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.