Subjects Archives: Financialization

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.

Economist Michael Hudson details how BRICS could create a mutual settlement currency for payment imbalances among central banks and build an alternative to the financialized neoliberal model of the dollar/NATO bloc.

Orinoco Tribune interviewed U.S. academic Steve Ellner on different issues, ranging from Venezuelan domestic issues to global matters.

One of the major problems faced by Global South countries is that they are saddled with immense debts in dollars, and Western corporations claim ownership over their resources.

The India-Middle East-Europe transportation corridor may be the talk of the town, but it will likely go the way of the last three Asia-to-Europe connectivity projects touted by the west-to the dustbin. Here’s why.

On March 8, 2023, General Laura J. Richardson of the United States (U.S.) Southern Command gave testimony at a congressional hearing wherein she issued a warning to U.S. lawmakers about the expansion of Chinese influence in the Caribbean that were at odds with purported U.S. interests in the region.

Dilemmas of humanity abound. There is little need to look at statistical data to know that we are in a spiral of crises, from the environmental and climate crisis to the crises of poverty and hunger.

India being the host country, the triumphalist tom-toming that G20 summit on September 9-10 was a “success” is both understandable and probably justifiable.

Washington also provided a US$203-million funding for support to transparency and accountability of institutions.

It seemed utterly absurd that, even as the Australian federal government announced its purchase of over 200 tomahawk cruise missiles—because that is exactly what the country needs—there are moves afoot to prune and cut projects conducted by the Australian Antarctic Division (AAD).

AT the Johannesburg summit of the BRICS countries, it was decided to expand the group beyond its original five, namely, Brazil, Russia, India, China and South Africa, to include six more countries.

Once again, the Western media Establishment, and sadly some on the left, are talking up an impending economic disaster in China, when the truth is quite the opposite, argues JOHN ROSS.

The document indicates that the villa was purchased by Zelenskyy’s mother-in-law in May 2023. According to the document, the price of the villa is 150,000,000 Egyptian pounds or approximately $4,850,000.

AS SIGNIFICANT as the fact of BRICS expansion are which countries are now set to join: Iran, Saudi Arabia, Egypt, the United Arab Emirates, Ethiopia and Argentina.

BRICS countries represent 40% of the world’s population and a quarter of the world’s economy, and the group is now considering a possible expansion to more than 20 other countries.