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Mainstream economics today: Keynesian
Once it was created as a new theory of capitalism, neoclassical economics expanded its influence—in its original countries as well as elsewhere.
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Performative economics
The relation between economic theories and economic systems is even more dynamic. The various economic theories of capitalism are not just different ways of making sense of that particular economic system. They emerge, develop, and change over time as capitalism itself changes—and, in turn, they have effects back on capitalism.
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When confronted by us hungry bellies, the imperialists reach for their guns
The United States government was furious about the ‘irresponsible extravagances’ in Nkrumah’s book and decided to punish him by refusing to allow $300 million in short-term aid to cover the costs of importing food.
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Che
Twenty left publishers from around the world release a joint edition including two essential texts by Che Guevara on the fifty-third anniversary of his assassination by the CIA in Bolivia.
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“Quad” alliance holds summit as U.S. pushes for more aggression vs. China
Secretary of State Mike Pompeo was in Japan today to attend a high-profile summit of top diplomats from the countries involved in the “Indo-Pacific Quad.”
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Using human rights to promote war: debunking UN’s new Venezuela report
Red Lines host Anya Parampil debunks a new report issued by the UN Human Right’s Council which accuses Venezuela’s government of “crimes against humanity”. Transcript below.
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Why America’s economic war on China is failing
U.S. President Donald Trump—supported by most of the U.S. establishment—deepened the U.S. government’s assault on the Chinese economy.
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Noam Chomsky: Internationalism or Extinction
PI Council Member Noam Chomsky’s keynote speech at the Progressive International’s inaugural summit.
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Eco-socialism and/or De-growth
Ecosocialism and the de-growth movement are among the most important currents of the ecological left. Ecosocialists agree that a significant measure of de-growth in production and consumption is necessary in order to avoid ecological collapse.
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Youth in Brazil’s peripheries in the era of CoronaShock
Across the world, youth have become important political actors, especially since the 1960s. Along with workers, women, and people of colour, youth have been main protagonists in the fight for national, anti-colonial, anti-imperialist liberation in Asia, Africa, and the Americas.
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Why we focus on Africa
Africa can’t demonstrate independence and power because the entire continent has a giant U.S. military boot on its neck.
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Mainstream economics today
Readers today will be more familiar with contemporary mainstream economics than with the mainstream economics of Marx’s day. So, let’s start there.
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The increasingly impossible middle class
IN 2010 THE Commerce Department prepared data for the Obama administration’s Middle Class Task Force, headed by Vice President Joe Biden. Sidestepping knotty problems–see below–of just who was middle class, part of their study proposed a host of expectations that a middle class family would hold.
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Whose crisis is it anyway? The problem with the shock doctrine
The ruling class is ruthless in trying to exploit crises, but we shouldn’t underestimate the turmoil it’s in and the opportunities to advance the struggle, argues Chris Nineham
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From Paul Wolfowitz (2005-2007) to David Malpass (2019-…): the U.S. President’s men control the World Bank
In 2020, the World Bank (WB) and the IMF are 76 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few major allied powers who work to generalize policies that run counter the interests of the world’s populations.
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How the rich are burning our future
Annual global carbon emissions grew by 60% between 1990 and 2015, approximately doubling total global cumulative emissions in 25 years and catapulting the world towards catastrophic climate change.
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Book Review: Corona, Climate, Chronic Emergency
Gradual reforms can’t do the job: only profoundly radical measures can ensure human survival in an epoch of global sickening.
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The Truth about “The Truth about Today’s Anarchists”
Then comes the strangest part of the article. In a rare moment of honesty, Stockman soberly assesses the impact of the riots, and concludes, “Anarchy got results.”
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Economic theories and systems
In the previous chapter, we saw that Marxian economics represents a two-fold critique: a critique of mainstream economic theory and a critique of capitalism, the economic and social system celebrated by mainstream economists.
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How Ecuador’s Democracy is being suffocated
Those polled said that Arauz was by far the most attractive candidate. But, if the ruling bloc in Ecuador has its way, Arauz will not be sworn in as the next president of the country next year. They will use every means to suffocate democracy in their country.