Subjects Archives: Financialization

Berlin, like many of your hometowns, is a ghost city. Except for those offering groceries, medicines or medical care, everything is shut tight. Luckily, no-one here has to stay inside, we can stroll around outside but, aside from families, we may not “assemble” in groups of more than two (if any cops are around).

In a show of solidarity, some of India’s opposition leaders have declared the much-delayed relief package (titled Pradhan Mantri Garib Kalyan Yojana) announced by Finance Minister Nirmala Sitharaman on March 26 to mitigate the effects of the Coronavirus pandemic on the poor as a welcome “first step”.

Hear comes the corporate debt purchases.

The Federal Reserve has taken an extraordinary amount of actions over the past two weeks (most of which have happened over the course of 8 days from March 15th to March 23rd) to calm financial markets and sustain the flow of credit to households and businesses to respond to the coming Coronavirus-induced depression.

We are currently in a state of national emergency thanks in no small part to the Trump administration’s muzzling of public health experts and slow response to the COVID-19 pandemic.

In the likely event that you need some news to give you a bit of faith in humanity today, you should know that supporters of whistleblower Chelsea Manning have raised over a quarter million dollars to pay the cruel, draconian fine that was heaped upon her for her principled stand against testifying at corrupt secret grand jury proceedings.

I am old enough to remember that shortly after the 1968 election of Richard Nixon to the presidency, his campaign manager (and future U.S. Attorney General) John Mitchell said, “Watch what we do not what we say.”

As Naomi Klein laid out in her bestseller “Shock Doctrine,” the wealthy elite use the confusion caused by economic and other disasters to quickly force through pro-free-market legislation.

There is an old saying “Fool me once shame on you, fool me twice shame on me.” That saying is relevant for the current healthcare debate in which former Vice-President Biden and elite Democrats are touting a reheated version of Obamacare with a public option. It is a case of trying to fool the American public twice.

We are witnessing a big crisis in the stock markets of the Wall Street, Europe, Japan and Shanghai, and many blame the coronavirus for it. In the last week of February 2020, the worst week since October 2008, the Dow Jones fell 12.4%, the S&P 500 fell 11.5% and the Nasdaq Composite fell 10.5%.

The information-aware and many in the medical industry are nervously watching the news about coronavirus spread and mortality rates. What we know so far isn’t pretty.

t the end of January, at a time when the coronavirus outbreak that began in China was dominating international headlines, The White House announced it was forming a new task force to address the growing crisis, one headed by the secretary of health and human services, Alex Azar.

The conceptualisation of property in a economic sense harks back to John Locke. These days property is commonly separated into four categories.

Chile is today in the midst of an unprecedented constituent process 30 years after the return of democracy, where the possibility of a new constitution has opened a discussion about what sort of country we want, and which rights should be enshrined in the drafting of this fundamental document.

Greater Britain, as we might call it, has over the past 70 years transformed itself from the largest-ever land empire to a sprawling financial one: a network of tax havens and money laundries stashing cash for the world’s oligarchs, mafiosi, gangsters and hedge funds.

The mega-billionaire should be running against Trump in the Republican primaries, not as a Democrat. If he actually cared about this country more than stroking his massive ego that is exactly what he would be doing.

President Trump is all in, touting his success in rebuilding U.S. manufacturing.  For example, in his state of the union address he claimed: We are restoring our nation’s manufacturing might, even though predictions were that this could never be done. After losing 60,000 factories under the previous two administrations, America has now gained 12,000 new […]

In the face of an ecological catastrophe as enormous and terrifying as this season’s bushfires, you might think that policy might begin to shift, as those in power face up to the reality of human-induced climate change. But you’d be wrong.

Yogi Berra, the great Yankees catcher, had the memorable line, “It’s like deja vu all over again.” Bernie Sanders supporters might have been thinking the same thing after the fiasco of the Iowa caucuses.

In her book titled The Accumulation of Capital, published in 1913, Rosa Luxemburg devoted an entire chapter to international loans in order to show how the great capitalist powers of the time used the credits granted by their bankers to the countries of the periphery to exercise economic, military and political domination on the latter.