Subjects Archives: Financialization

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’.

In this exclusive interview, a prominent Indian intellectual examines how imperialism operates in our time and proposes specific forms of solidarity with Venezuela.

While online audiences know YouTube comedian Joanna Hausmann from her videos making the case for regime change, her economist father has flown below the radar. His record holds the key to understanding what the U.S. wants in Venezuela.

The Great Recession of 2008 marked the end of a lengthy period of international economic growth and rapidly increasing international trade. Now, some ten years later, economic activity, including trade and foreign direct investment, remains far below pre-crisis levels with little sign of revival.

Trump has repeatedly refused to rule out a military option.

Historically, capitalism develops institutions and ideologies that justify surplus extraction and capital accumulation. In the last decades of the twentieth century, the financialization of capitalism initiated a new era of accumulation which is known in academic contexts as finance-capital-driven neoliberalism.

On this episode, Scott Ferguson and Maxximilian Seijo speak with Mell about these and other connections that may be drawn between her own and neochartalism’s critical projects.

It’s now official: workers around the world are falling behind. The International Labor Organization’s (ILO) latest Global Wage Report finds that, excluding China, real (inflation-adjusted) wages grew at an annual rate of just 1.1% in 2017, down from 1.8% in 2016. That is the slowest pace since 2008.

No matter how we measure it, most Americans are falling further and further behind the tiny group at the top.