Subjects Archives: Financialization

The U.S. Department of Education has determined the Duke-University of North Carolina Consortium for Middle East Studies misused Title VI funds and they’re requiring the program to provide a revised list of activities that will use these funds over the coming year.

“Marx on tax” is seen as an “empty box” by David Harvey in his latest book on Capital, but Marx and Engels had plenty to say about tax. Their tax theorizing is no anachronistic curiosity but perfectly applicable to the income and wealth inequalities of our own era.

The insights of this new data series are many, but for this post here I want to highlight a single eye-popping statistic. Between 1989 and 2018, the top 1 percent increased its total net worth by $21 trillion. The bottom 50 percent actually saw its net worth decrease by $900 billion over the same period.

Through their control over supply chains, multinationals based in the global north exploit workers in the global south.

In an interview with Bob Fernandes, on TVE Bahia, former president Luiz Inácio Lula da Silva said that the U.S. government “created the Lava Jato investigation to take our oil.”

Richard Reeves is right about one thing: time is crucial to capitalism’s legitimacy. The premise and promise of capitalism are that the future will be better than the present. And “if capitalism loses its lease on the future, it is in trouble.”

Typical worker compensation has risen only 12% during that time

Just in case you had forgotten that China is a major part of the global economy, here is a chart from the Bank of England’s Financial Stability Report.

Why are Democratic candidates going on about student loan debt? Why, the problem is practically solved already!

Why is it that just 1p of a £2.50 cup of coffee goes to the farmer who cultivated and harvested the coffee beans?

In this episode, we talk with Nathan Tankus, Research Director of the Modern Money Network, and Research Fellow at the Clarke Business Law Institute at Cornell Law School. We ask Nathan to expand upon and deepen his engagement with the inflation question in all its historical, political, and rhetorical complexity.

What is noteworthy is that the deceleration in import volume growth has been particularly marked in the emerging economies of Asia and Latin America, pointing to a loss of momentum in the countries that were expected to be new growth poles in the immediate aftermath of the 2007 crisis.

The Russia-China strategic partnership, consolidated last week in Russia, has thrown U.S. elites into Supreme Paranoia mode, which is holding the whole world hostage.

Ndongo Samba Sylla on the history of political economy in pre- and post-colonial Africa, the theoretical bases and political stakes of the anti-CFA Franc movement, and how Modern Monetary Theory (MMT) ought to inform current and future efforts to restore political and economic sovereignty to West African nations.

In this episode, we talk with David Freund, associate professor of history at the University of Maryland. David is the author of Colored Property: State Policy and White Racial Politics in Suburban America, an award-winning book that tracks how the language of racial exclusion was re-coded in terms of markets, property, and citizenship in the post-World War II era.

Facebook’s cryptocurrency initiative furthers an agenda of neoliberal financialization, writes Josh Gabert-Doyon

In this episode, we speak with Robert Hockett, Edward Cornell Professor of Law at Cornell Law School. At Cornell, about his role in crafting the Green New Deal Resolution, his conception of finance as a franchise, and his experience as an advisor to Congresswoman Alexandria Ocasio-Cortez as well to Senators Sanders and Warren.

By working three jobs while in college and with some financial assistance from her mother, Karen Hawkins managed to pay off her undergraduate loans of US$12,000 eight years after completing her bachelor’s degree at the University of Illinois at Urbana-Champaign.

The top four banks that invested most heavily in fossil fuel projects are all based in the U.S., and include JPMorgan Chase, Wells Fargo, Citi, and Bank of America. Royal Bank of Canada, Barclays in Europe, Japan’s MUFG, TD Bank, Scotiabank, and Mizuho make up the remainder of the top 10.

An introduction and slideshow of Tony Norfield’s presentation at the Rethinking Economics conference in Greenwich University, London, on the topic of ‘Economic Analysis & Imperialism Today’.