Can China do much to fight back against the power wielded by the U.S. in the world economy? At first sight, that looks unlikely. China is big, but world trade is conducted in dollars, and the U.S. has economic, political and military influence across the globe.
Subjects Archives: Political Economy
The Donald Trump administration uses every mechanism to cut China out of the global supply chain, but nothing seems to be working as a resolute China is unwilling to back down and dismantle its technological gains.
No one should have been surprised by COVID-19. Epidemiologists have been warning for decades about the increasing danger of novel virus pandemics that could cause major human suffering, disrupt the economy and exacerbate the growing inequalities that characterizes the modern world.
All told, 54.1 million American workers have filed initial unemployment claims during the past nineteen weeks.
Fueled by foreign capital, the new Philippines legislation intends to the revolt of dissenters at bay. But the need to hold power to account is growing.
Recent activity around solar geoengineering is sparking debate over its role in climate policy. Backed by billionaires, and with connections to the U.S. military, solar geoengineering offers nothing but an Earth engineered to fit the needs of capital. It is antithetical to a radical climate movement.
In modern times, China has been the ultimate challenge for imperialists: it’s independence being an enigma to Europeans and Americans. From Marco Polo to Mike Pompeo, China has been a mystery to Christian crusaders.
A short introduction to historical materialism and its significance for the understanding of contemporary capitalism.
During the evolution of the pandemic in Europe, the financial system has received little attention in the media. It was only at the end of February/beginning of March that a very sharp fall in the stock markets made the front page of newspapers and television broadcasts.
The comparison between teachers and meatpacking workers is highly significant and must be taken as a sharp warning by teachers and all education workers.
The Grayzone reports from inside Nicaragua’s capital on the 41st anniversary of the Sandinista Revolution, covering a speech by President Daniel Ortega, showing how the leftist government has responded to the coronavirus pandemic, and surveying the rising tide of U.S. and corporate media disinformation.
A statement signed by former Brazilian president Dilma Rousseff and Indian Kerala State’s finance minister Thomas Isaac, among others, highlights the inadequacy of the measures announced recently by the G20 and IMF to postpone debt repayment.
COVID-19 has exposed the lie that free markets can deliver healthcare for all, the fiction that unpaid care work isn’t work, the delusion that we live in a post-racist world. We are all floating on the same sea, but some are in super-yachts and others clinging to drifting debris.
The real problem with the World Bank’s poverty estimates, is that its International Poverty Line is set at an impossibly low level, which greatly underestimates world poverty.
The rogue deployment of secret federal police forces in Portland, Oregon, has added a new complication to negotiations over reauthorizing the Trump administration’s vast surveillance powers and appropriating new money for the Department of Homeland Security.
Donald Trump’s attacks on Venezuela, Syria and Iran are criminal, but Joe Biden vows to be even worse.
The existing alphabet soup of possible recoveries—V, U, W, and so on (which I discussed back in April)—is clearly inadequate to describe what has been taking place in the United States in recent months.
Unemployment insurance laws were developed prior to the widespread use of contingent faculty, and were designed to prevent K-12 teachers and full-time college professors from collecting unemployment during scheduled term breaks and summer vacations when they weren’t teaching. In nearly all states, these laws are being used to prevent adjuncts, who have since become the […]
The excessive use of force and killings of unarmed Black Americans by police has fueled a popular movement for slashing police budgets, reimagining policing, and directing freed funds to community-based programs that provide medical and mental health care, housing, and employment support to those in need. This is a long overdue development.
This year marks 25 years since Ernest Mandel died. Mandel (5 April 1923–20 July 1995) was one of the most significant Marxist economists of the second half of the twentieth century. In 1982, he was central to founding our Institute. A prolific scholar and activist until the end of his life, Mandel wrote dozens of […]