Subjects Archives: Financialization

Ecuador provides an example of a government which officially decided to investigate the process of indebtedness so as to identify illegitimate debt and suspend its repayment.

A battle is slowly brewing in Washington DC over whether to raise corporate taxes to help finance new infrastructure investments.

The 2020 bonus pool for 182,100 securities industry employees could pay for more than 1 million jobs paying $15 per hour for a year.

Women around the world spend an average of four hours and twenty-five minutes per day on unpaid care work, while men spend an average of one hour and twenty-three minutes per day on the same kind of work.

Jake Woodier reviews a new documentary film that brings heist aesthetics to a story of debt activism

One year after the COVID-19 pandemic began, U.S. billionaires have made out like gangbusters at the expense of workers.

150 years ago, on 18 March 1871, the Paris Commune was born.

Developing country governments are being wrongly advised to use their modest fiscal resources to pay down accumulated debt instead of strengthening pandemic relief and recovery. Thus, debt phobia risks deepening and extending COVID-19 recessions by prioritizing buybacks.

Every day, entrepreneurs in Brazil cut down more of the Amazon to produce cheap soybeans for animals in Europe and America. Vietnam, Indonesia and Malaysia tear up their forests to produce cheap coffee and palm oil for the world.

A new IPS briefing paper highlights the unique role of tax policy in wealth concentration.

The recent GameStop story coming out of the U.S. pushed arcane financial dealings into a prominence they rarely enjoy. The public was introduced to weird concepts such as “short selling and short squeezes” and, for a while, they are likely to be part of many Zoom conversations.

Historically, the châteaux of the Loire Valley were assessed by their windows. ‘A fifty-windowed castle’, an onlooker might surmise to suggest its worth. Russian boyars quantified their properties in souls–whether dead or alive, according to Gogol’s Dead Souls.

Forced labor of Uyghurs in China is questionable, but there is absolute proof that incarcerated people in this country are forced to work for little or no pay.

Haiti’s president’s term has come to an end, but he refuses to step down. Solidarity is urgent.

January proved to be an unusual month in the U.S. equity market. The shares of GameStop, a brick-and-mortar retailer of gaming consoles and video games, had in the course of that month risen by close to 2000 per cent.

During Tuesday’s confirmation hearings before the Senate, nominees for positions in Joe Biden’s cabinet expressed their support for a tough stance on China.

In the 1980s, the U.S. imposed a 100% tariff on virtually all Japanese electronics and forced Tokyo to sign a one-sided trade deal that reserved much of its domestic semiconductor sector for American companies.

Contrary to the dominant discourse, it is actually the case that the 54 African states finance developed countries and not the other way round.

John Green teaches us about Imperialism.

In this episode we are joined by Christine Desan, Leo Goettlieb professor of law at Harvard Law School to discuss her excellent book, Making Money: Coin, Currency, and the Coming of Capitalism.