Subjects Archives: Political Economy

For months the mainstream media and Washington Pols have been pushing the metaphor that the U.S. economy is a plane on its final approach to a ‘soft landing’. Soft landing is defined as inflation steadily coming down to the Federal Reserve’s goal of a 2% price level AND does so without provoking a recession.

Based on tax records from Lynda and Stewart Resnicks foundation, they’ve given anywhere from $500,000 to $200,000 to the Israeli military every year, with most of it funneled through an outfit called the American Friends of the Israeli Defense Forces.

Skyrocketing grocery prices in America highlight how precarious our supply chains are, giving corporations ample opportunity to take advantage of consumers in the midst of minor supply shocks and major global crises. Unless we aggressively confront climate change, corporate consolidation, and profiteering, food prices will remain high and continue to climb.

Ottawa appears largely unconcerned by Ecuador’s social and institutional decay.

The widespread ownership of crypto currencies in countries like Turkey and Argentina has created the grounds for a very reactionary economic understanding among broad social segments, especially among young people.

Social Security has been a financial rock for seniors ever since benefits first began flowing in 1940.

Anthropology, since its inception, has been an ideologically contested–discipline, and the same is true of both primatology and zoology when they have been used to explain human evolution.

According to an analysis from the Massachusetts Institute of Technology, the minimum wage does not suffice to pay for a typical set of living expenses in any state of the United States. Hawaii, Georgia and Utah, where the living wage gap exceeded $10 per hour, fared the worst.

The hypocrisy of the world’s biggest banks on climate change keeps mounting.

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.

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.

There are well-known problems associated with the concept of gross domestic product as well as with its measurement.

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.

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.

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.

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.

China’s state sector still has a powerful ability to sustain investment and production.

A detailed and interactive infographic to recap how CITGO came to face its looming breakup as creditors line up for a court-ordered auction.

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.

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.