Subjects Archives: Financialization

The U.S. is divesting from working people and investing in banks and venture capitalists, to the tune of hundreds of billions of dollars.

As a result of military aid from the U.S. and many European states, Ukraine became the 3rd biggest importer of major arms during 2022.

Economist Michael Hudson responds to the collapse of Silicon Valley Bank and Silvergate, and explains the similarities with the 2008 financial crash and the savings and loan crisis of the 1980s.

In an exclusive interview with The Cradle, Russia’s top macroeconomics strategist criticizes Moscow’s slow pace of financial reform and warns there will be no new global currency without Beijing.

Silicon Valley Bank, the 16th largest in the U.S., was shut down on March 10 and put under the control of the California Department of Financial Protection and Innovation.

U.S. President Joe Biden is a self-confessed Catholic. He regularly attends the religious services of his congregation and, like every U.S. president, he has sworn to his office by placing his hand on the bible. Therefore, it is safe to say that he is aware of the negative moral charge that the word “hell” has among his people.

When Jeff Bezos bought the Washington Post for $250 million in 2013, he didn’t transform it into a paper that elevated the perspectives of the wealthy elite—it had already been that for decades.

Ecuadorian economist and former presidential candidate Andrés Arauz explains Latin America’s attempt to create a new currency and regional financial architecture, to challenge the “hegemonic, neo-colonial” U.S. dollar-dominated system..

Americans are growing weary of the US support for Ukraine, a new poll suggests.

Indian economist Amartya Sen has posed a devastating challenge to the dominant capitalist understanding of development. But Sen’s own analytical framework doesn’t go far enough in exposing the inherently exploitative logic of capitalism.

The German Democratic Republic (DDR) was a socialist state founded in East Germany in 1949 as a democratic, antifascist reaction to the Second World War and the subsequent restoration of monopoly capitalism in West Germany.

Citing four sources with knowledge of the matter, Reuters reports that Indian refiners and traders embarked on paying for most of their Russian oil purchased via Dubai-based traders in UAE dirhams instead of U.S. dollars.

The Hindenburg Research, a short selling firm, brought out a 129-page report on the Adani group marshaling evidence of all the funding operations and offshore activities of the 578 subsidiaries and shell companies linked to the seven listed companies of the Adani group.  The report states that this is the “biggest con in corporate history”. 

After reaping huge fees off workers’ savings, private equity firms’ subterfuge could imperil promised benefits for millions of workers and retirees.

Workers walked out on the second day of industrial action against President Emmanuel Macron’s scheme to raise the French retirement age by two years to 64.

During your education, did you learn that during the 1930s the government of the USA unceremoniously repudiated a central provision of debt contracts that represented phenomenal sums?

Pakistan’s acute energy crisis is the immediate backdrop against which Foreign Minister Bilawal Zardari’s forthcoming talks with Russian Foreign Minister Sergey Lavrov in Moscow today need to be understood.

Demonstrators in 50 cities invoke King’s legacy in denouncing U.S. war machine.

February 19, New Anti-Interventionist Coalition to March to White House from Washington Monument.

A “rent good” is one whose supply cannot be augmented at will, simply through investing more on its production; its supply is subject to constraints imposed by nature, because of which there is a certain maximum rate of long-run growth which is exogenously given and cannot be altered at will.