Subjects Archives: Political Economy

The indirect effect of ​the increase in income inequality is economically more injurious than the erosion of company earnings or a stock market downturn.

Largely unbeknownst to the general public, many media executives and top journalists of almost all major U.S. news outlets, political and business magazines, public broadcasters and press agencies have long been members of the Council on Foreign Relations (CFR).

These racial/ethnic differences mean that our general push for more and better jobs must be accompanied by policies designed to overcome the discriminatory and segmented nature of the US labor market.

Both Democrats and Republicans have used social security funds to hide government debt—i.e., to trick the public. This was made possible by a huge surplus engineered by fund actuaries to account for baby boomers. In the next few years the fund will need to cash in on its bonds and this will cause the federal debt to balloon.

Eugene Victor Debs was not only the builder of the social movement in America but arguably the most important political figure of the 20th century, before being crucified by the capitalist class when he and hundred of thousands of followers became a potent political threat. The most notable moments of Debs life were the railroad strikes in 1894, his campaign for Congress in 1916 until he was arrested under the Sedition Act by President Wilson and finally his speech moments before his sentencing in 1918.

When challenged on the numbers for its tax proposals, the Trump administration has insisted that they’ll lead to large-scale economic growth, which can largely offset the cost. The TPC finds that this isn’t the case.

Persistent economic stagnation together with neoliberal austerity has at this point seriously undermined the stability of the liberal-democratic state and thus the political command sector of the capitalist system. This has led to a dangerous resurgence of political movements in the fascist genus (fascism, neofascism, post-fascism), representing an alternative way of managing the state of the capitalist system, opposed to liberal democracy.

WIth 8 men holding the same wealth as 50% of the world, you have to wonder if there is something systamatically wrong with the way the world is. Capitalism is no longer ideal in the world we live in today. People are starting to realize this in the forms of inequality of wealth, food, resources. Now is the time to change that, and it can be done.

Although reluctant to say it, a recent IMF report on the state of U.S. economy makes clear that U.S. policy makers have failed to protect majority living conditions. While the IMF generally pulls no punches in criticizing the policies of most member governments if it determines that they threaten to slow capitalist globalization dynamics, it tends to tap dance around disagreements when it comes to the policies of its more powerful member countries, especially the United States. If we want improved living conditions we are going to have to fight for them. Perhaps greater awareness of just how bad things are in the United States will help speed the effort.

Abby Martin goes on the deadly front lines of the anti government protests in Venezuela and follows the evolution of a typical guarimba—or opposition barricade. She explains what the targets from the opposition reveal about the nature of the movement and breaks down the reality of the death toll that has rocked the nation since the unrest began, and how a lynch mob campaign came after her and the Empire Files team for reporting these facts.

I wonder whether those so horrified today were sickened then at US attacks on others’ sovereignty. There has been lots of masquerading, I think, by disguised provocateurs or indignant sovereignty defenders. Their threats against even hesitant moves toward dialogue, disarmament, de-escalation in the world’s charged atmosphere are what truly sicken me—and frighten me!

The United States is sometimes viewed as the most extreme capitalist society on earth. The decision of the newly elected Trump administration to withdraw from the Paris Climate Agreement would seem to affirm such a judgment. It highlights the fact that while capitalism cannot solve the environmental problem, a more extreme capitalist society can, if it is not stopped, eliminate all possibility for a future sustainable society, by accelerating the runaway train to catastrophe represented by today’s business as usual.

Revolutionary activist and sociologist Reinaldo Iturriza has spent many years working with popular movements in Venezuela and writing on the rise of Chavismo as a political movement of the poor. He also served as Minister for the Communes and Social Movements, and then Minister for Culture in President Nicolas Maduro’s cabinet between 2013 and 2016.

Almost 50% of union members in the United States today work in the public sector. By necessity, they will have to play a major role in the rebuilding of organized labor. But like private sector unions before them, government employee unions face circumstances threatening their very existence.

Britain’s class landscape has changed: it is more polarised at the extremes and messier in the middle. The distinction between middle and working class is less clear-cut. The elite is able to set political agendas and entrench their own privilege. The left needs a clear narrative showing how privilege leads to gross unfairness—and effective policies […]

Years ago the 35th US president made a speech in Germany, four words of which, in American-accented German, remain famous: “Ich bin ein Berliner!”—“I am a Berliner!” That was John F. Kennedy. Will the 45th president, soon to visit Germany’s second city, emulate him and tweet “I am a Hamburger! Wow!”

The fundamental changes I would advocate are those that would: dramatically boost worker power; secure a progressive and growing funding base for a needed expansion of public housing and infrastructure and public spending on health care, education, and transportation; and end the production and use of fossil fuels and significantly reduce greenhouse emissions.

Friedrich Engels spent two decades in Manchester. The horrific conditions he saw in the cradle of industrialism forged his great works. But the city has never commemorated him – until now.

David Harvey, one of the most influential figures in geography and urban studies, and among the most cited intellectuals of all time across the humanities and social sciences, delivered a featured lecture, “Marx, Capital and the Madness of Economic Reason.” at the 2017 AAG annual Meeting.

US policy toward Cuba (Trump reverses Obama’s Cuba deal, limiting travel and trade, 17 June) has been hijacked by a clique of Cuban-American politicians, who have sold their support in Congress to President Donald Trump. Above all, these individuals – and Trump – have demonstrated the corrupt and clientelist nature of the US political system. Can such a system serve as a symbol of “freedom” to anyone in the world?