Subjects Archives: Political Economy

It should be noted that the words of the four trade unionists quoted in the last section of this article — Vilma Vivas, Stalin Pérez Borges, Ismael Hernández, and José Meléndez — are all part of the statement of Marea Socialista (mentioned but once in the article), so they should not be regarded simply as […]

For at least a month now in Ecuador there has been a battle over regulation of the media.  It has been in the front pages of the newspapers most of the time, and a leading daily, El Comercio, referred to the fight as one for “defense of human rights and the free practice of journalism.” […]

I’m not at all somebody who wants to enshrine Monopoly Capital: An Essay on the American Economic and Social Order as the new centerpiece in the old “what Marx said” religion.  But, really, I do stand by my conclusion that Baran and Sweezy’s 1966 book was the #1 social science book of the century, Marxist […]

  Mark Fisher is the author of Capitalist Realism: Is There No Alternative? out recently from Zer0 Books.  As a blogger he writes K-Punk.  Capitalist Realism is one of the most acute diagnoses of contemporary politics as it is played out in one small island off the coast of Europe.  After skewering the marketisation of […]

Climate change is already causing considerable damage and hundreds of millions of poor people are suffering the consequences.

The United Nations conference to address climate change in Copenhagen over the last week has illustrated several crucial features of contemporary politics, as Obama completes a year in power, the NATO plots a military surge into the war spanning from Palestine to Afghanistan, and an economic recovery staggers along. Three Features of Political Climate First, […]

  The following table shows Iranian defence expenditure in each year since 1989 in local currency and constant US$ as well as the military burden, defined as spending as a proportion of GDP. According to the International Institute for Strategic Studies (IISS) in 2007 Iran’s defence expenditure was one of the lowest in the Middle […]

The youth is more interested than anyone else in the future. Until very recently, the discussion revolved around the kind of society we would have. Today, the discussion centers on whether human society will survive. These are not dramatic phrases. We must get used to the true facts. Hope is the last thing human beings can relinquish. With truthful arguments, men and women of all ages, especially young people, have waged an exemplary battle at the Summit and taught the world a great lesson.

  Every gathering with a foretold script.  The security barriers mark a neutered zone for dissent.  Finally though, there is this one day in Brooklyn.  The air is traversed (by bridge) and the marchers walk from one bank to another.  It isn’t a miracle but it is beautiful.  x number of women and men for […]

The news from the Danish capital gives a picture of chaos. After planning a conference with about 40 thousand people in attendance, the hosts find it impossible to honor their promise. Evo, the first of the two presidents of ALBA-member countries to arrive, stated some truths derived from the millennium-old culture of his people.

The historical geography of capitalist development is at a key inflexion point in which the geographical configurations of power are rapidly shifting at the very moment when the temporal dynamic is facing very serious constraints.  Three-percent compound annual growth (generally considered the minimum satisfactory growth rate for a healthy capitalist economy) is becoming less and […]

  Paul Jay, Senior Editor, The Real News Network: So let’s talk about Copenhagen.  If in fact most of the scientific community is quite persuaded in the climate change science, and certainly they are, and all the world governments say they are, what’s preventing us from getting a serious agreement, and particularly with China and […]

In Part 1 of this article we argued that Slavoj Žižek and Alain Badiou’s account of the foundation of Communist universalism in the event of Christianity signals a number of inconsistencies immanent to their respective ontologies (Coombs 2009).  For Žižek it appears difficult to reconcile his touted open interpretation of Hegel with the ontological significance […]

  Human societies have created the bases of our survival, sustenance and advancement through the use of our natural resources in production with rudimentary tools and rising levels of science and technology.  Yet in no time in history has environmental destruction been systematically brought about in most parts of the world. The people of the […]

Boston, MA, December 4, 2009 — “More tax breaks for the super wealthy is one of the last things our economy needs right now,” says Lee Farris, Estate Tax Policy Coordinator for United for a Fair Economy (UFE). “Back in 2001, the Bush Administration enacted a massive tax cut for multi-millionaires by gradually reducing the estate tax over several years. Now, instead of reversing at least part of this damaging Bush tax break, the House voted to make that cut permanent.”

December 3, 2009 To Whom It May Concern: A modest set of financial transaction taxes could raise a substantial amount of needed revenue while having little impact on trades that have a positive economic impact. The cost of trading financial assets has plummeted over the last three decades as a result of computerization.  This has […]

  Jean Paul Sartre in the fifties made the somber remark that things were so bad at the Sorbonne in the 1920s that the University did not even have a Chair in Marxism.  In asserting the fact at that time, he was of course assuming that things at mid-century had changed dramatically and that Marxism […]

  John Bellamy Foster is the editor of the socialist magazine Monthly Review and teaches sociology at the University of Oregon.  He has written on numerous subjects, from political economy to Marxist theory.  This year Foster published The Ecological Revolution: Making Peace With the Planet. Max van Lingen is a student of political philosophy and […]

As the world looks to full stabilisation and a rebound from the crisis due to the efforts of governments, clearly, it is finance rather than the real economy that has benefited more from those initiatives.  In fact, the turnaround in the financial sector, which was responsible for the crisis in the first instance, has been […]

Testimony at the Hearing Entitled “Taking Stock: Independent Views on TARP’s Effectiveness,” before the Congressional Oversight Panel for the Troubled Asset Relief Program, 19 November 2009 Thank you, Chairwoman Warren for inviting me to share my views on the success of the Troubled Asset Relief Program (TARP) to date and its impact on the broader […]