Subjects Archives: Financialization

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.

The Federal Reserve Bank of St. Louis published a jaw-droppingly misleading graph that portrays China as spending more on its military than the U.S. In reality, the Pentagon’s budget is roughly three times larger.

A gas mogul’s case against Beto O’Rourke could deter candidates from ever talking about money in politics.

Following the UNGA resolution, Israel announced withholding of USD 39 million of Palestinian money, which is likely to cause further suffering and impact basic services delivery in the occupied territories.

According to preliminary estimates of the Bank of Russia, in January-September 2022, it strengthened to $198.4 billion, which is $123.1 billion more than in the same period last year. This surplus was taken out of the country (at the same time, half went to pay off the external debts of Russian companies with their replacement by domestic ruble lending) and is reflected in the balance of payments item “net capital outflow”.

The public sector in the U.S. has been shrinking rapidly since the 1990s as a deluge of privatization has, to various degrees, overtaken many so-called public services and institutions.

It is not uncommon to see U.S. citizens point to Denmark as a socialist alternative. And yet, just like in the United States, capital accumulation is the guiding principle in Danish society.