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Subjects Archives: Globalization

Trumps protectionism

Trump’s protectionism

ON March 8, Donald Trump made an announcement which according to many has the potential of starting a global trade war. He announced that the U.S. would be raising tariffs on imported steel by 25 per cent and tariffs on imported aluminium by 10 per cent.

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How Will Capitalism End? Essays on a Failing System by Wolfgang Streeck, New Delhi: Juggernaut Books, 2017; pp 272, ₹499 (paperback).

The future of capitalism

Looking at the present and future system of capitalism, there is a vital crisis at the heart of it all. Democratic capitalism, starting out in the 18th century, has had its ups and downs but even Marx, Keynes, Rosa Luxemberg, and Kondratieff have all failed to establish theories to break out of the capitalist system.

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Originally published in Puck magazine in 1883, “The Protectors of Our Industries” shows Cyrus Field, Jay Gould, Cornelius Vanderbilt, and Russell Sage. (Photo credit: ProMarket.org)

The precariat under rentier capitalism

The Precariat under Rentier Capitalism Guy Standing We are in the midst of a Global Transformation, analogous to Karl Polanyi’s Great Transformation described in his seminal 1944 book. Whereas Polanyi’s Transformation was about constructing national market systems, today’s is about the painful construction of a global market system. To use Polanyi’s term, the ‘dis-embedded’ phase […]

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Development in Cambodia

Land grabs and uneven development in Cambodia

The global labor arbitrage means the only competitive “advantage” available to most countries is forcing workers to accept slave wages and environmental standards low enough to lure in multinationals. If the population resists, the only means available to diffuse it is brutal repression.

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Seymour Hersh

Seymour Hersh dishes on new exposé upending the official story about Trump and Syrian chemical attacks

Seymour Hersh is a Pulitzer Prize-winning journalist who famously exposed the My Lai Massacre in Vietnam, and more recently, the U.S. military’s abuse of detainees at Abu Ghraib prison. This weekend, Hersh reported that the alleged chemical attack in Idlib, Syria, this March was not perpetrated by the Syrian military, as the Trump administration has claimed

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W. E. B. Du Bois mural in Philadelphia, 2011. Photograph by Laurenellen McCann / Flickr

W. E. B. Du Bois’s revolutions

“Capitalism cannot reform itself; it is doomed to self-destruction. No universal selfishness can bring social good to all. Communism—the effort to give all men what they need and to ask of each the best they can contribute—this is the only way of human life.” With this sober stroke of his insurgent pen, the 93-year-old scholar […]

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Global trade from G77 to high income countries (World Bank)

Imperialism still alive and kicking

With the reassertion of the dominance of finance, in the guise now of an international finance capital, the third world States have withdrawn from supporting petty producers, a process of income deflation is in full swing, and the imperialist arrangement is back in place, because of which we can see once more a tendency towards […]

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White Phosphorus in Syria, Iraq: Nothing will Change' Unless Wester Govts Do

White phosphorus in Syria, Iraq

Photographs and video clips posted online on June 8 show blinding spots of light over the northern Syrian city of Raqqa. The pictures, distributed by the Amaq News Agency, which is linked to Daesh, and activist group Raqqa is Being Slaughtered Silently, show puffs of white light and smoke, which are signs of white phosphorous.

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Globalization chart

Globalization and executive compensation

Growing inequality has been one of the most salient features of the US economy over the last 40 years. A variety of explanations for this rapid growth in top incomes have been proposed, including growing firm size new technology, the market for superstars, poor governance, and changes in top tax rates.

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