Subjects Archives: Financialization

In mid-January 2020, 800 people gathered at Mexico’s Ministry of Economy to celebrate “China Day” with a seminar on Chinese-Mexican relations.

The super-rich increased their combined fortunes by 27.5% during the worst of the market turmoil from April through July.

Robert Pollin and Noam Chomsky have a new book out, Climate Crisis and the Green New Deal. It’s an important contribution to the emerging GND literature, from two thinkers I respect.

The new U.S. financed counter-revolution hopes to manipulate sensitive issues and create the conditions for a social confrontation, for conflict and destabilization of the country.

On October 5, 2020, the England and Wales Court of Appeal overturned a lower court decision from July that denied the Venezuelan government access to 31 metric tons of its gold stored in the Bank of London.

The NSSO’s time use survey reveals striking facts about how men and women in India spend their time very differently, with women hugely burdened by unpaid work

U.S. President Donald Trump—supported by most of the U.S. establishment—deepened the U.S. government’s assault on the Chinese economy.

In 2020, the World Bank (WB) and the IMF are 76 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few major allied powers who work to generalize policies that run counter the interests of the world’s populations.

In this episode, Money on the Left hosts speak with Rebecca Marchiel, Assistant Professor of History at University of Mississippi, about her important new book, After Redlining: The Urban Reinvestment Movement in the Era of Financial Deregulation (University of Chicago Press, 2020). After Redlining tells the story of the anti-racist urban reinvestment movement in early […]

The leak of the FinCEN Files over the weekend has rocked global markets and augurs a financial crisis of epic proportions as Deutsche Bank hovers over the precipice.

This is certainly not the first time people have looked beyond mainstream economics.

U.S. President Donald Trump and his ‘war council’–led by Secretary of State Mike Pompeo–have amplified their aggression against China.

A federal court has sent a clear message to U.S. Education Secretary Betsy DeVos: You cannot use a national crisis as an excuse to advance your education privatization agenda by siphoning desperately needed COVID-19 relief money away from public schools.

The current economic crisis has hit workers hard. Unemployment rates remain high, with total weekly initial claims for unemployment insurance benefits continuing to grow.

The number of continued claims for unemployment compensation, while below its peak, rose from the previous week and was more than 29 million American workers—a figure that includes workers receiving Pandemic Unemployment Assistance.

Right now, the United States is mired in an economic depression, the Pandemic Depression, not dissimilar to what happened in the 1930s and again after the crash of 2007-08.

Aggression against Venezuela from the U.S. has intensified in recent weeks and all signs are pointing towards an escalation ahead of elections in the U.S. and Venezuela.

With over 100,000 people displaced by wildfires raging across California, Baupost Group collected more than $3 billion in July after betting on insurance claims against embattled utility company PG&E.

2019 was a very good year for the world’s wealthiest individuals. The normal workings of global capitalism created both more billionaires and more combined wealth owned by those billionaires.

New figures from the Institute for Policy Studies show that, despite a pandemic that has stunted the economy for months, America’s billionaire class is becoming richer than ever, adding nearly $700 billion to their fortune since the nationwide lockdown in March.