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Analysis: Clean energy was top driver of China’s economic growth in 2023
Clean energy contributed a record 11.4tn yuan ($1.6tn) to China’s economy in 2023, accounting for all of the growth in investment and a larger share of economic growth than any other sector.
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How U.S. government statistics are like the Bible
The economic reality the U.S. public deals with differs so much from selective statistics reported by the media that there’s a split in perceptions of the actual U.S. economy as well.
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What the GDP hides
There are well-known problems associated with the concept of gross domestic product as well as with its measurement.
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Mali, Burkina Faso, and Niger withdraw from ECOWAS
Land area under ECOWAS, which is condemned by West Africa’s popular movements as an agent of French imperialism, has been reduced to less than half after their withdrawal.
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China is ‘world’s sole manufacturing superpower’, with 35% of global output
China’s state-led economic development model and robust industrial policy has transformed it into what an influential European think tank calls “the world’s sole manufacturing superpower”, making up 35% of global gross production–more than the 9 next largest manufacturers combined.
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Farmers’ revolt in France
Farmers in France are not a homogenous block, and the left needs to be able to unite with its more progressive elements to generalize revolt, argues John Mullen.
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Climate activists party around burning ‘your future’ sign as Shell announces 28 billion in profits
Greenpeace campaigners said that the oil group should pay some of its profits into a fund agreed upon at Cop28 climate talks last month to help pay for loss and damage caused by climate change.
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Has China really reached the end of its economic boom?
China’s state sector still has a powerful ability to sustain investment and production.
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CITGO: A multi-billion dollar heist?
A detailed and interactive infographic to recap how CITGO came to face its looming breakup as creditors line up for a court-ordered auction.
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Global 1% own 43% of financial assets, 5 richest billionaires doubled wealth while 5 billion workers got poorer
The world’s richest 1% own 43% of global financial assets, and the wealth of the top five billionaires has doubled since 2020, while 60% of humanity got poorer, according to a report by Oxfam.
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At Davos, the inmates run the asylum—and the world
The World Economic Forum (WEF) is the ruling-class Comic-Con, a fantasy fortress where the 1 percent’s 1 percent can save the world that they are sending to hell.
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“Cobalt Red, How the Blood of the Congo Powers Our Lives”
Siddarth Kara’s book exposes the exploitation behind the Fourth Industrial Revolution.
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Geopolitics is moving North Korea’s way
In less than three years, the erosion in the U.S. hegemony that began cascading with the defeat in Afghanistan in August 2021 spread to Eurasia, followed by the massive eruption in West Asia by the end of 2023.
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Reporting on California’s fast food minimum wage raise comes with side order of fear
What’s scarier than a shark attack? An increase in the minimum wage.
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‘Lethal assets’: U.S. finance capital owns the bombs falling on Palestine
Lenin on the economic essence of war.
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A minimum-wage increase can benefit the whole economy
CounterSpin interview with Sebastian Martinez Hickey on minimum wage.
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Gaza war offers the ultimate marketing tool for Israeli arms companies
As investors worldwide drop cash on Israeli start-ups for ‘battle-tested’ weapons, defence tech CEOs are poised to be the war’s only victors.
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‘Sickening Profits: The Global Food System’s Poisoned Food and Toxic Wealth’
The modern food system is being shaped by the capitalist imperative for profit.
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Wealth of five richest men doubles since 2020 as five billion people made poorer in “decade of division,” says Oxfam
The world’s five richest men have more than doubled their fortunes from $405 billion to $869 billion since 2020–at a rate of $14 million per hour– while nearly five billion people have been made poorer, reveals a new Oxfam report on inequality and global corporate power.
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How VC is busting the Military Industrial Complex — for its own benefit
Didn’t think there could be anything worse than the existing defense bureaucracy? This next-gen is a real killer.