Subjects Archives: Political Economy

The Hindenburg Research, a short selling firm, brought out a 129-page report on the Adani group marshaling evidence of all the funding operations and offshore activities of the 578 subsidiaries and shell companies linked to the seven listed companies of the Adani group.  The report states that this is the “biggest con in corporate history”. 

After reaping huge fees off workers’ savings, private equity firms’ subterfuge could imperil promised benefits for millions of workers and retirees.

Every working person is keenly aware that prices are up.

Workers walked out on the second day of industrial action against President Emmanuel Macron’s scheme to raise the French retirement age by two years to 64.

During your education, did you learn that during the 1930s the government of the USA unceremoniously repudiated a central provision of debt contracts that represented phenomenal sums?

Money on the Left is joined by Andrés Arauz, recent candidate for the Ecuadorian presidency, heterodox economist, and outspoken advocate for the creation of the “Sur.” The Sur is a complementary currency for use in intra-Latin American trade and cooperation. Dismissed by New York Times blogger, Paul Krugman, as a “terrible idea,” Brazilian President Lula De Silva’s proposal for development of the Sur as a tool for encouraging economic and political integration between Latin American countries has stoked the imaginations of progressive leftists within and beyond the region.

Pakistan’s acute energy crisis is the immediate backdrop against which Foreign Minister Bilawal Zardari’s forthcoming talks with Russian Foreign Minister Sergey Lavrov in Moscow today need to be understood.

Demonstrators in 50 cities invoke King’s legacy in denouncing U.S. war machine.

February 19, New Anti-Interventionist Coalition to March to White House from Washington Monument.

A “rent good” is one whose supply cannot be augmented at will, simply through investing more on its production; its supply is subject to constraints imposed by nature, because of which there is a certain maximum rate of long-run growth which is exogenously given and cannot be altered at will.

The Federal Reserve Bank of St. Louis published a jaw-droppingly misleading graph that portrays China as spending more on its military than the U.S. In reality, the Pentagon’s budget is roughly three times larger.

A gas mogul’s case against Beto O’Rourke could deter candidates from ever talking about money in politics.

Following the UNGA resolution, Israel announced withholding of USD 39 million of Palestinian money, which is likely to cause further suffering and impact basic services delivery in the occupied territories.

Under the Modi government, India’s ruling classes have joined the ruling classes of the rest of the world in intensifying exploitation and earning super profits.

According to preliminary estimates of the Bank of Russia, in January-September 2022, it strengthened to $198.4 billion, which is $123.1 billion more than in the same period last year. This surplus was taken out of the country (at the same time, half went to pay off the external debts of Russian companies with their replacement by domestic ruble lending) and is reflected in the balance of payments item “net capital outflow”.

Jayati Ghosh warns against historically disastrous approaches to the sovereign-debt crisis hitting low- and middle-income countries.

The public sector in the U.S. has been shrinking rapidly since the 1990s as a deluge of privatization has, to various degrees, overtaken many so-called public services and institutions.

It is not uncommon to see U.S. citizens point to Denmark as a socialist alternative. And yet, just like in the United States, capital accumulation is the guiding principle in Danish society.

According to the newspaper Jeju Today, the Yoon government is claiming that screening the North Korean film The Story of Our Home, shown in South Korea in February 2019 as part of a national reunification festival, violated SK National Security Law.  It is now investigating the organizers of the film screening three years later.

According to a new report published by Oxfam, the richest 1 percent grabbed nearly two-thirds of all new wealth worth $42 trillion created since 2020, almost twice as much money as the bottom 99 percent of the world’s population, reveals a new Oxfam report today. During the past decade, the richest 1 percent had captured around half of all new wealth.