Turkey’s economy is back in the news, and not in a good way. After the release of an economic report by the Turkish Statistical Institute, a big dispute has arisen over whether or not Turkey has entered a recession.
Subjects Archives: Political Economy
The intellectual hegemony of mainstream bourgeois economics, by invariably seeing capitalism as a self-contained closed system, serves to obscure the phenomenon of imperialism.
In this exclusive interview, a prominent Indian intellectual examines how imperialism operates in our time and proposes specific forms of solidarity with Venezuela.
While online audiences know YouTube comedian Joanna Hausmann from her videos making the case for regime change, her economist father has flown below the radar. His record holds the key to understanding what the U.S. wants in Venezuela.
Humanity does not end where Europe ends, or America ends. Lenin’s contribution as well as Rosa Luxembourg’s work are both of inestimable value because they applied the Marxist method to areas that Marx himself had not touched.
Strikingly few discussions of China’s declining growth trajectory include mention of the country’s unemployment rate. Unfortunately, this official rate is worthless as an indicator of the China’s labor market conditions. In reality, China likely has a serious and growing unemployment problem.
The media are trying to turn the 1% into a protected minority.
An important Latin American political theorist argues that right-wing “internationalism” requires a leftist response that also reaches beyond national boundaries.
It is a fundamental task for the class struggle that we succeed in liberating Lula so that he becomes the principal spokesman, he is the one who has the capacity to help mobilize the masses against the system and the project of the extreme right.
They keep promising, ever since the recovery from the Great Recession started more than eight years ago, that the share of national income going to American workers will finally begin to increase. But it’s not.
Not to be dramatic, but it’s probably the best thing we’ve ever read.
The Great Recession of 2008 marked the end of a lengthy period of international economic growth and rapidly increasing international trade. Now, some ten years later, economic activity, including trade and foreign direct investment, remains far below pre-crisis levels with little sign of revival.
Last week, the people of Haiti erupted in protests over fuel price hikes. Behind the protests lie a story of corruption by the elite, blatantly insensitive IMF policies, predatory pricing by U.S. oil firms and the fallout of the economic war on Venezuela.
In sum, thanks to the Trump tax plan, trillions of dollars that could have been used to transform our transportation and energy infrastructure, industrial structure, and system of social services are instead being transferred to big businesses, who use them for speculative activities and to further enrich their already wealthy managers and stock holders.
Trump has repeatedly refused to rule out a military option.