There is no time for long introductions. The world is, possibly heading for yet another catastrophe. This one, if we, human beings will not manage to prevent it, could become our final.
Subjects Archives: Globalization
In this in-depth interview conducted in Dakar, Samir Amin speaks on a wide range of topics: globalisation; generalised monopoly capital; the alarming growth of inequality; the role of the state in the neoliberal era; globalisation and delinking; capitalism and modernity; the return of fascism in the contemporary capitalist world, and more.
The encroachments of European traders, missionaries, explorers, planters, soldiers, and especially scholars and teachers, represented not civilization but rather, its antithesis.
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.
Understandably concerned about the consequences of the large and sustained U.S. trade deficit, many workers have grown tired of waiting for so-called market forces to produce balance. Thus, they cheer Trump administration promises to correct the imbalance through tariffs or reworked trade agreements that will supposedly end unfair foreign trade practices.
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.
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 […]
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.
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
“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 […]
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 […]
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.
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.
If accumulating wealth is the basic objective of capitalism, organising production using wage labour is only one of the ways it can be achieved. What finance does is to open an alternative route to reach the same objective, that is via transaction.
Last week Puerto Rico officially became the largest bankruptcy case in the history of the American public bond market. On May 3, a fiscal control board imposed on the island’s government by Washington less than year ago suddenly announced that the Puerto Rico’s economic crisis “has reached a breaking point.” The board asked for the immediate […]