Subjects Archives: Political Economy

Most people, including even trained economists, fail to appreciate the fact that an exchange rate depreciation, if it is to work in reducing the trade deficit in a capitalist economy, must necessarily hurt the working class by lowering the real wage rate

All of the social gains made by the working class in the course of more than a century of struggle must be wiped out to pay for the drive by the American ruling class to remove, by force of arms, Russia and China as obstacles to US hegemony, even if it means triggering a nuclear war.

A review of Daniel Goldhaber’s film adaptation of Swedish author Andreas Malm’s polarizing book ‘How to Blow Up a Pipeline’.

Joe Biden is continuing the ignoble tradition of colluding with republicans while pretending to fight them. The latest debt limit drama is another betrayal of the people.

In December 2022, President Joe Biden signed into law the National Defense Authorization Act, approving “national defense” spending of $858 billion for fiscal year 2023

One of the latest covers of the magazine The Economist carries a headline “Peak China”. This, as its name suggests, is a claim that while during the last seven decades China’s has enjoyed a peaceful “rise”, specifically in relation to the U.S., this has now ended. It was the latest of decades long wildly inaccurate predictions regarding China.

On Friday, the White House announced the most reckless and dangerous escalation of its involvement in the war with Russia to date, that it has decided to train Ukrainian pilots to fly U.S.-made F-16 fighter jets and send the nuclear-capable planes to the battlefield.

On Swiss neutrality.

The Chinese-brokered agreement emerged in retaliation to the U.S. as the latter continues to wage a series of provocations aimed at destabilizing China’s domestic stability with regard to Taiwan.

The Grayzone has obtained video recordings of well-connected figures within Moldova’s political and business community openly testifying to rank corruption within the country’s government and economy, while outlining schemes to enrich Western investors for an appropriate fee.

This year marked the 75th anniversary of the WHO. But as the UN agency approaches its yearly assembly in Geneva, it is still struggling to secure adequate resources for functioning independently of the private sector and pressures from high income countries.

Dicky Kartikoyono the Head of Strategic Management and Governance Department of the Central Bank, says that Indonesia will launch its very own national payments system to be used in state-owned institutions and enterprises.

A Lose-Lose Situation in Ukraine

The U.S. President, who has constantly held up the banner of human rights in his policies with non-friendly states, has sold weapons to the majority of ‘autocratic’ states in 2022.

The Trudeau government is pressing Mexico to maintain its loosely regulated, pro-capitalist mining policies.

Marxist economist Michael A Lebowitz passed away at home on April 19.

The Supreme Court justice switched sides on a landmark legal doctrine, satisfying his benefactors’ conservative advocacy machine.

There was a time when the International Monetary Fund’s “recommendations” on how to reorganize an economy were read, defended and executed as if they were a divine mandate.

Renfrey Clarke is an Australian journalist. Throughout the 1990s he reported from Moscow for Green Left Weekly of Sydney. This past year, he published The Catastrophe of Ukrainian Capitalism: How Privatisation Dispossessed & Impoverished the Ukrainian People with Resistance Books.

THE data on unemployment brough out by the Centre for Monitoring the Indian Economy (CMIE) present a grim picture. Not only has the unemployment rate increased sharply for some years now, starting from even before the pandemic, but the figure which had shot up during the pandemic has not come down much despite the recovery that has occurred in the level of GDP from its trough.