Subjects Archives: Financialization

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.

From bus drivers to ballet dancers, workers from across France have taken to the streets in opposition to President Emmanual Macron’s attempts to reshape the country into a U.S.-style neoliberal state.

U.S. CEOs not only draw the highest salaries (including bonuses and equity awards, etc.), but they are king of the hill when it comes to lording it over their employees, as illustrated by the high ratio of CEO to worker earnings.

The protests that started with the national strike called by Colombia’s central union on November 21 to protest pension reforms and the broken promises of the peace accords have persisted for two months and grown into a protest against the whole establishment. And the protests have continued into the new year and show no signs of stopping.

Tackling climate change isn’t just about replacing fossil fuels with renewables, or planting more trees. It’s about confronting climate stress across society.

The donation would be equivalent to someone who earned $500 per week announcing on social media that they had just donated five cents to help tackle the blazes.

Since the middle of December, France has been gripped by a wave of large scale strikes. In this article the French collective Plateforme d’Enquêtes Militantes analyses the composition of the strikes, and the potential for its continued escalation.

Alexandra Scaggs joins Money on the Left to discuss her experience covering the ongoing paradigm crisis in mainstream economics, central banking and finance—and why leftists should be paying close attention.

“Is that a big deal?”, some may ask. It is to those who have pushed for achieving the far-reaching liberalisation of trade in an unequal global order, first under the General Agreement on Tariffs and Trade (GATT), and then under the auspices of the agreements that established the WTO and defined and expanded its remit.