Subjects Archives: Globalization

  • The global pivot away from America

    There was a day when the world realised they’d had enough of America. It wasn’t when America turned it back on the Herculean effort to sign the world up to the Paris Climate Agreement or TTIP or America’s continuous support for Israel’s murderous actions in Gaza or various other deals that took years to iron out and negotiate that have since been trashed. It was a moment we knew was going to happen but least expected to prove so important.

  • Secretary General Jens Stoltenberg hosted President Juan Manuel Santos of Colombia at NATO headquarters on May 31. Colombia has now become NATO’s first member in Latin America. | NATO

    Colombia’s NATO membership about more than just Venezuela

    Faced with questions about the continued relevance of the North Atlantic alliance, NATO has sought justification for its existence from Central Asia to Sub-Saharan Africa and has even floated the idea of indirect intervention in the South China Sea dispute.

  • Wuxi – medieval ecological village (photo by Andre Vltchek)

    China’s determined march towards the ecological civilization

    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.

  • Samir Amin

    There is a structural crisis of capitalism

    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.

  • Reflections on The Pan-Afro-Asiatic Civilizational Complex

    Reflections on the Pan-Afro-Asiatic civilizational complex

    The encroachments of European traders, missionaries, explorers, planters, soldiers, and especially scholars and teachers, represented not civilization but rather, its antithesis.

  • 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.

  • U.S. trade deficits, Trump trade policies, and capitalist globalization

    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.

  • 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.

  • 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 has been dominated by an ideology of market liberalisation, commodification and privatisation, orchestrated by financial interests, as in his model. The similarities also extend to today’s fundamental challenge, how to construct a ‘re-embedded’ phase, with new systems of regulation, distribution and social protection.

  • 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.

  • 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

  • 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 joined the Communist Party.

  • 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 a secular decline in per capita food-grain availability in the third world as in the colonial period.

  • 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.

  • 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.

  • A Theory of Imperialism

    New Perception of Imperialism

    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.

  • Governor’s Place Party In Puerto Rico, ca. 1900s.

    Puerto Rico’s $123 Billion Bankruptcy Is the Cost of U.S. Colonialism

    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 […]

  • Capitalism, Inequality and Globalization: Thomas Piketty’s Capital in the Twenty-first Century

    I. The Piketty Argument Thomas Piketty’s book Capital in the Twenty-first Century embodies an immense amount of empirical research into the distribution of wealth and income across the population for a number of advanced capitalist countries going back for over two centuries.  In particular Piketty has made extensive use of tax data for the first […]

  • Unraveling Capitalist Globalization

    Despite the prolonged global economic crisis since 2007/2008, neo-liberal economic thought and practice continue to reign supreme.  In his important book Capitalist Globalization: Consequences, Resistance, and Alternatives (Monthly Review Press, 2013), Martin Hart-Landsberg makes a number of key interventions unraveling the myth of neo-liberalism as well as the dynamics underlying capitalist accumulation. First, he identifies […]

  • “Deglobalization” Versus “Inclusive Growth”

    The race of globalization is leaving the majority of the world’s population far behind.  According to UNICEF, the richest 20% of the population gets 83% of global income, while the poorest quintile has just 1%.1  This trend is getting worse.  A new UNDP report called “Humanity Divided” estimates that 75% of the world’s population lives […]