Subjects Archives: Political Economy

The US-led imperialist world system is in deep crisis, so it wages a new cold war to prevent multipolarity, while lurching toward fascism. The left must offer a true alternative path that opposes both the far right and the liberal pro-NATO chauvinists.

Developing countries have long been told to avoid borrowing from central banks (CBs) to finance government spending. Many have even legislated against CB financing of fiscal expenditure.

Seneca Lake’s picturesque setting belies its long history of conquest and extraction.

During the Second World War, the Canadian government appealed for Canadians to buy war bonds to fight fascism in Europe.

A new book explains how an economist, in challenging the orthodoxy, has helped activists change the world.

Money on the Left is joined by Ben Tarnoff—tech worker, writer, and cofounder of Logic Magazine—about his book Internet for the People: The Fight for Our Digital Future (Verso Books, 2022). In his book, Tarnoff provides a comprehensive history and a critical topology of this thing we have come to know, love, hate, swear off, get on, and grow bored of: the Internet.

Corporate real estate interests have come out in full force to try and defeat a ballot measure to hike taxes on multimillion-dollar property sales.

The story currently being peddle by the folks at Bloomberg [ht: ja] is that the American middle-class is currently suffering, as the enormous wealth they managed to accumulate during the past few years is now dwindling. And that crisis—the end of their “once-in-a-generation wealth boom”—is what they will take into the midterm elections.

The people of Puerto Rico woke up on the morning of September 19 only to relive a nightmare. Two days before Hurricane Maria’s five-year anniversary, on September 18, Hurricane Fiona made landfall on the island’s southwest coast. The storm caused widespread flooding, landslides and power outages. At least 16 people have died as a result.

Chaos reigns in the United Kingdom, where the prime minister’s residence in London–10 Downing Street–prepares for the entry of Rishi Sunak, one of the richest men in the country.

Inflation, Imperialism & Worker Resistance

Despite the economically disastrous impact the Nord Stream pipeline sabotage will have on Europe, Western media still holds its tongue about it.

EU foreign-policy chief Josep Borrell confessed the West’s neoliberal economic model was “based on cheap energy coming from Russia,” “access to the big China market,” and low-paid Chinese workers. Europe has now lost that, and is thus in crisis.

Citizens flooded the streets across Haiti in rejection of President Ariel Henry’s request for international military assistance, demanding that foreign powers stop interfering in Haiti

In September 2021, I spoke at the launch meeting of the Manifesto: Through Pluripolarity to Socialism. The Manifesto has a clear theme, profound ideas, magnificent momentum, and clearly articulated the history of world socialism, its present status quo and future.

Big Oil stands to pocket billions in taxpayer dollars by way of carbon capture, their latest climate scam. Here’s how they’ll do it.

Preoccupied with enhancing their own ‘credibility’ and reputations, central banks (CBs) are again driving the world economy into recession, financial turmoil and debt crises.

China says on the international stage that it wants to tackle climate change, but it also says it must deliver “national energy security”. The decade ahead will show whether it can meet this challenge. The whole world is relying on it doing so.

The climate crisis has driven our planet into uncharted territory. We are close to breaching critical environmental thresholds, setting in motion destabilizing changes to our global climate system that could well make the earth unlivable for humans and countless other species.

Clothing and footwear manufacturing is characterised by a globalised “value chain”, in which each phase of production is concentrated in a different region.