WEALTH distribution data are notoriously difficult to interpret. This is because variations in stock prices affect wealth distribution, so that a stock market boom suddenly makes the rich appear much richer, while a stock market collapse makes wealth distribution less unequal overnight.
Subjects Archives: Political Economy
With phrases like “protect the vulnerable” & “underlying conditions” currently all around us, disability activist Ruth Flood looks at the horrendous treatment of disabled people under capitalism.
According to the IMF, about half of Low Income Economies (LIEs) are now in danger of debt default. ‘Emerging market’ debt to GDP has increased from 40% to 60% in this crisis.
But where did Marx’s critique of mainstream economics come from? It certainly did not emerge in one fell swoop, as a ready-made theory of capitalism. And it wasn’t produced in isolation, independently of the society within which it was first produced and then further elaborated.
Colonial timber management and capitalist land use has produced the wildfire crisis we see today. Prescribed Indigenous burning is a viable preventative solution to high severity wildfire but its success hinges on the fight by Indigenous socialists and grassroots organizers for Tribal sovereignty, land restitution, and the creation of a new prescribed fire workforce.
Any day now, Zambia will be the first African country to slip into a private debt default. It can only pay interest on the $3 billion in dollar-denominated bonds if it totally ignores the needs of the Zambian people.
The development in 1909, by the German chemists Fritz Haber and Carl Bosch of a technique for taking Nitrogen out of the atmosphere to produce ammonia (NH3) allowed for the production of synthetic fertilisers (and explosives) on an industrial scale.
What is at stake when we talk about the economics of North American slavery? Over the last 75+ years it has been whether capitalism superseded slavery or whether capitalism and slavery were co-constituted, capitalism to some extent relying on slavery.
He’s turned it into a political propaganda unit to the point that it is unable to deal even with a major outbreak within our own borders. The U.S. is beginning to exhibit the features of a failed nation state.
ALL conscious citizens know the state of the Bangladesh environment. Bangladesh’s courts of law regularly rule in favour of the environment.
Workers in the United States are in the midst of a punishing COVID-19 economic crisis.
U.S. billionaires have recouped all of their wealth—and more—during the Pandemic Depression. Meanwhile, since May, the number of poor Americans has grown by about 8 million.
Marxian economists have been quite critical of contemporary mainstream economics. As we saw in Chapter 1, and will continue to explore in the remainder of this book, Marxian economists have challenged the general approach as well as all of the major conclusions of both neoclassical and Keynesian economics.
The dramatic expansion of intellectual property rights represents a new stage in commodification that threatens to make virtually everything bad about capitalism even worse.
On October 5, 2020, the England and Wales Court of Appeal overturned a lower court decision from July that denied the Venezuelan government access to 31 metric tons of its gold stored in the Bank of London.
KEN LIVINGSTONE looks in-depth at the story of U.S. sanctions on Venezuela.
Keynes’s criticisms of neoclassical economics set off a wide-ranging debate that came to define the terms of—and, ultimately, the limits of debate within—mainstream economics.
Billionaires are “smart” enough. Their wealth now, in this pandemic, tops trillions of dollars.
The NSSO’s time use survey reveals striking facts about how men and women in India spend their time very differently, with women hugely burdened by unpaid work
Ashley Bohrer has provided this important piece of scholarship with her new book, Marxism and Intersectionality: Race, Gender, Class and Sexuality under Contemporary Capitalism.