Subjects Archives: Financialization

According to an analysis from the Massachusetts Institute of Technology, the minimum wage does not suffice to pay for a typical set of living expenses in any state of the United States. Hawaii, Georgia and Utah, where the living wage gap exceeded $10 per hour, fared the worst.

The economic reality the U.S. public deals with differs so much from selective statistics reported by the media that there’s a split in perceptions of the actual U.S. economy as well.

There are well-known problems associated with the concept of gross domestic product as well as with its measurement.

Land area under ECOWAS, which is condemned by West Africa’s popular movements as an agent of French imperialism, has been reduced to less than half after their withdrawal.

China’s state-led economic development model and robust industrial policy has transformed it into what an influential European think tank calls “the world’s sole manufacturing superpower”, making up 35% of global gross production–more than the 9 next largest manufacturers combined.

Farmers in France are not a homogenous block, and the left needs to be able to unite with its more progressive elements to generalize revolt, argues John Mullen.

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.