Subjects Archives: Financialization

Democrat and Republican leaders in Congress announced a new $900 billion stimulus bill over the weekend for a second round of “relief” in the face of the worsening pandemic and related economic crisis.

In December 2020, on the occasion of the fifth anniversary of the signature of the Paris Agreement on Climate, the UN General Secretary sounded the alarm because the situation has fundamentally worsened. In this article we analyze what the World Bank and the IMF have done in connection with the environmental crisis and climate change.

Both the number of initial unemployment claims for unemployment compensation and the number of continued claims for unemployment compensation are once again on the rise, signaling a worsening of the Pandemic Depression.

China’s use of yuan-denominated central bank swaps, while enhancing its influence, is a source of support for developing countries in an unequal international order.

We believe that socialism provides the solution to the world’s ills and that marxist theory gives us the tools to enact social change we so desperately need.  

“I expect the prevailing direction of U.S. foreign policy over these last decades to continue: more lawless bombing and killing multiple countries under the cover of “limited engagement,” – Biden Biographer Branko Marcetic

The U.S. military establishment will breathe a sigh of relief at Joe Biden’s victory in the presidential election. Nearly 800 former high-ranking military and security officials penned an open letter in support of the Democratic candidate during the campaign.

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.