Subjects Archives: Financialization

In recent times, any analysis on Argentine politics or the Argentine economy does not fail to mention the IMF as one of the fundamental, if not decisive, actors of national events. And its influence on the Government’s decision-making process, on what it does or does not do, more than deserves this recognition.

Ecocide is the deliberate destruction of an environment so that it can no longer sustain life.

As U.S. cluster munitions arrived in Ukraine, a bi-partisan vote struck down an effort to stop the internationally banned weapons’ transfer. Meanwhile, every House Democrat and a majority of Republicans voted down a measure to strip $300 million of Ukraine aid from the NDAA.

INDIA and other third world countries can morally justify their being a part of G-20 alongside the imperialist powers, only if they raise common and pressing problems of the third world as a whole at G-20 meetings.

Each member of the Bloomberg Billionaires Index made an average of over $14 million per day over the last six months—even as 47 percent of the world’s population barely survived on $6.25 a day.

Rising corporate profits have caused 45% of inflation in Europe, compared to 40% for rising import prices and just 15% for workers’ wages, according to research by IMF economists.

37 years after a 1986 International Court of Justice ruling, the United States still refuses to pay Nicaragua the reparations it legally owes. Today, the Nicaraguan government is demanding that the United Nations take action.

Spend less, work longer or get another job, move in with your parents or get a flatmate. But whatever you do, don’t push for a pay rise to compensate for inflation.

Canada’s recent seizure of a Russian an-124 cargo plane, which had been delivering COVID supplies when it was grounded in February 2022 at Pearson Airport (it was forced to pay a fee for every minute, despite being trapped there), is another sanction among many others.

We ask a number of activists and academics to tell us what David Graeber’s work meant to them and the salient message it still carries today.

The Venezuelan researcher offers her reflections on Chávez’s geopolitics and the reactivation of the Union of South American Nations.

The collective push to replace the U.S. dollar as the world reserve currency has much to do with Washington’s “weaponization of the dollar through the use of sanctions.”

The BRICS bloc’s New Development Bank, an alternative to the U.S.-dominated World Bank, is de-dollarizing its loans, promoting local currencies, and adding new members: Argentina, Saudi Arabia, and Zimbabwe.

‘Experts’ from defense industry funded think tanks are flooding the media, pushing for more arms without disclosing their benefactors.

U.S. politicians from both parties agree: the deficit doesn’t matter. In their bipartisan deal to raise the debt ceiling, Biden and Republicans are boosting military spending to $886 billion while making it harder for poor people to receive food stamps and welfare.

In May 1979, the Center for Afro-American Studies at the University of California, Los Angeles hosted a symposium titled The Political Economy of the Black World. We are publishing, for the first time, Walter Rodney’s thoughtful presentation at this symposium.

The Greek philosopher Heraclitus had said “You cannot step into the same river twice.”

On December 7, 2022, Southwest Airlines announced that it would reinstate its quarterly dividend payments, which had been legislatively suspended under requirements in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

Most people, including even trained economists, fail to appreciate the fact that an exchange rate depreciation, if it is to work in reducing the trade deficit in a capitalist economy, must necessarily hurt the working class by lowering the real wage rate

All of the social gains made by the working class in the course of more than a century of struggle must be wiped out to pay for the drive by the American ruling class to remove, by force of arms, Russia and China as obstacles to US hegemony, even if it means triggering a nuclear war.