Subjects Archives: Financialization

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.

The phrase, which was used in the early nineteenth century to describe the the spoils system of appointing government workers, accurately describes the American economy today.* And it’s pretty clear who the victor is, and it’s not the working-class. Instead, a small group at the top have come out as the victor—and that’s been true […]

The Anti-Money Laundering Act would expose the owners of shell companies now sits alone on a shelf in the U.S. Senate while the Federal Reserve shrugs its shoulders in the face of blatant manipulation by the too-big-to-fail banks.

The Donald Trump administration uses every mechanism to cut China out of the global supply chain, but nothing seems to be working as a resolute China is unwilling to back down and dismantle its technological gains.

All told, 54.1 million American workers have filed initial unemployment claims during the past nineteen weeks.

The comparison between teachers and meatpacking workers is highly significant and must be taken as a sharp warning by teachers and all education workers.

The Grayzone reports from inside Nicaragua’s capital on the 41st anniversary of the Sandinista Revolution, covering a speech by President Daniel Ortega, showing how the leftist government has responded to the coronavirus pandemic, and surveying the rising tide of U.S. and corporate media disinformation.

A statement signed by former Brazilian president Dilma Rousseff and Indian Kerala State’s finance minister Thomas Isaac, among others, highlights the inadequacy of the measures announced recently by the G20 and IMF to postpone debt repayment.