Subjects Archives: Financialization

China’s state sector still has a powerful ability to sustain investment and production.

A detailed and interactive infographic to recap how CITGO came to face its looming breakup as creditors line up for a court-ordered auction.

In less than three years, the erosion in the U.S. hegemony that began cascading with the defeat in Afghanistan in August 2021 spread to Eurasia, followed by the massive eruption in West Asia by the end of 2023.

What’s scarier than a shark attack? An increase in the minimum wage.

Lenin on the economic essence of war.

CounterSpin interview with Sebastian Martinez Hickey on minimum wage.

The world’s five richest men have more than doubled their fortunes from $405 billion to $869 billion since 2020–at a rate of $14 million per hour– while nearly five billion people have been made poorer, reveals a new Oxfam report on inequality and global corporate power.

Didn’t think there could be anything worse than the existing defense bureaucracy? This next-gen is a real killer.

Neo-fascist rulers like Javier Milei propose to control inflation not by curbing capital flight, but by launching a massive attack on the working class.

“Almost nobody says we should have the richest pay the least. And yet when we look around the country, the vast majority of states have tax systems that do just that.”

The World Bank insists private finance is needed for economic recovery and the Sustainable Development Goals but does little to ensure profit-hungry commercial finance serves the public interest.

Western currencies have almost been completely phased out in Russia-China trade, as nearly all payments between the countries are now carried out in rubles and yuan, according to Russian Prime Minister Mikhail Mishustin.

Access to water in Nairobi is horribly unequal. The World Bank, Nairobi Water Company, and development economists exploited this unjust context to treat poor Kenyans like guinea pigs.

A racial justice-focused community organizing group led the charge for Albuquerque’s free bus fare policy.

Today marks 75 years of the Universal Declaration of Human Rights. But, as Gaza shows, it is being buried under the rubble along with the human beings whose rights it was written to protect, writes Jeremy Corbyn.

THE wisdom of pursuing a strategy of export-led growth has been discussed among development economists for at least half a century, ever since the so-called East Asian “miracle” started to be contrasted with the comparatively sluggish growth experience of countries like India that were pursuing, in the World Bank’s language, an “inward looking” development strategy.

Some 85 percent of staff of the National Health Service and private medical facilities stayed away from work.

On the eve of Economist’s Day, it is important to review some aspects of Che’s core ideas on the Political Economy of Socialism and especially when for some the solution to current problems is to completely free the market and reduce the role of the State in the economy.

Central Africa Forest Initiative (CAFI) was established in 2015 to protect the huge rainforests of the Congo Basin, which span six Central African countries: DR Congo, Republic of Congo, Central African Republic, Cameroon, Equatorial Guinea and Gabon.

“There will probably never be anything I can do to make my lifetime impact net positive”, Sam Bankman-Fried wrote in his diary after the collapse of his cryptocurrency company FTX.