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Subjects Archives: Political Economy

Medical face mask and money, world coronavirus epidemic and economic damages. Corona virus concept. (Photo: 'Flickr' Jernej Furman)

Billionaires and the Pandemic

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.

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Disability, Covid and Capitalism

Disability, Covid and Capitalism

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.

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Cornelia Mittendorfer, Double Alienation (2012)

Ruthless criticism

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.

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Chart of the day

Chart of the day

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.

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