The US armed and funded extremists in Syria to overthrow the Syrian government and the media cheered. Those same extremists then attacked the Kurds on Turkey’s behalf to the horror of the same media. Now what?
Subjects Archives: Political Economy
The IMF does not fight financial fires but douses them with gasoline
On 13 October, Moreno had to promise to withdraw Decree 833. Pressure from the streets, from the United Nations, and from the Ecuadorian Episcopal Conference forced him to the table, where a televised discussion was held. The indigenous leaders won the ‘debate’–they were much more prepared and far more humane than the president and his […]
Ireland is a racket (for foreign capital)
For 60 years Ireland has based its economy on attracting in foreign direct investment. And what’s has it got to show for it? One of the highest per capita national debts in the world and one of the highest rent regimes in the world.
Dossier 21: The neoliberal attack on rural India
If human agency, driven by a model of economics and development gone berserk, is a major driving factor in the changes upon us, there is plenty to be learned from this region and many like it.
No Depression in Heaven with Alison Collis Greene
In this episode of Money on the Left, we speak with historian Alison Collis Greene about her book No Depression in Heaven with an eye toward contemporary debates around the Green New Deal. Subtitled The Great Depression, the New Deal, and the Transformation of Religion in the Delta, Greene’s book critiques what she calls the […]
FX & Imperialism
What affects the exchange rate of a country’s currency? The answer depends on where that country stands in the world economy. Not simply because an exchange rate is the value of one currency versus another, so that you must weigh up two or more countries.
Impeachment watch
In their crusade to get Trump and distract from their own corruption, the Democrats have moved on from Russiagate to an impeachment inquiry over “Ukrainegate.”
It is time to try out an “ecological Leninism” – Interview with Andreas Malm
Andreas Malm interviewed about Marxist approaches to the climate movement.
Struggle for climate change is a struggle against capitalism
The struggle against inequality and for destruction of capital is innately linked with struggle for man-nature dialectics of the higher order where earth does not remain a commodity to be exploited.
A green Earth with peace and room for us all
Draft Globalization programme submitted by the National Board of the Red-Green Alliance/Enhedslisten, Denmark, to the party’s next Annual Congress on 5 – 6 October. It is a programmatic text about global development.
iPhone workers today are 25 times more exploited than textile workers in 19th Century England
A recent report by the International Labour Organisation shows that the total global labour force is now measured at 3.5 billion workers. This is the largest size of the global labour force in recorded history. Talk of the demise of workers is utterly premature when confronted with the weight of this data.
Notebook #2: The Rate of Exploitation
The rate of exploitation in the production of Apple’s iPhone X, which stands at 2458%, is 25 times the rate of exploitation that is gleaned from Marx’s examples in Capital, published in 1867.
Education Dept says Middle East Studies program has to advance the security interests of the United States in order to receive further funding
The U.S. Department of Education has determined the Duke-University of North Carolina Consortium for Middle East Studies misused Title VI funds and they’re requiring the program to provide a revised list of activities that will use these funds over the coming year.
Millions march against climate change, capitalism and war
Four million people participated in the global climate strike across every continent on Friday, many of them students who skipped school on that day. Demonstrations at more than 5,800 locations in 161 countries began in Australia and the Pacific, moved to Asia, Antarctica, Africa and Europe, and then to North and South America. This is […]
Marx in the museum
One of Marx’s brightest concepts, perhaps his profoundest dialectical construct in Capital, is the “fetishism of commodities.” It emphasizes something very important about the foggy world of appearances and how can forget what lies within, behind what is immediately apparent. We can read it as a parable in which Marx tries to bring to life […]
Late stage U.S. capitalism fosters death and despair, but can it foster class unity?
Self-determination is still an unknown concept to many despite the efforts of the movement for Black lives and related organizations.
Capitalism and climate change
The week from September 20 till September 27 has been designated as the week of the ‘Climate Strike’. It is an unprecedented event in its ambition to disrupt business as usual.
Venezuela oil production continues decline as China cancels more shipments
Russian oil giant Rosneft blasted threats of U.S. sanctions as “unfair competition.”
‘Value and Crisis’ by Alfredo Saad-Filho reviewed
It is very common for leftist commentators to use the term ‘neoliberalism’ in their analysis of a political situation or social struggle. The term is frequently used in socialist political economy, cultural studies, and even mainstream liberal newspapers.
Climate change affects the German economy
In 2018, one of the longest dry spells on record left part of the Rhine in Germany at record low levels for months, forcing freighters to reduce their cargo or stop using the river altogether.
