Subjects Archives: Political Economy

Prabhat Patnaik.  The Value of Money.  New Delhi: Tulika Books, 2008/New York: Columbia University Press, 2009.  Excerpt: “Introduction.” Prabhat Patnaik is an eminent and prolific economist who has worked creatively for 40 years at the intersection of Marxian and Keynesian theoretical traditions.  In addition to his writings on Marxism and Keynesianism per se, he has […]

President Obama will go to Asia and has promised to say something about the exchange rate between the Chinese yuan and the U.S. dollar.  It would be good if some enterprising journalist asked him why the United States is worried about the Chinese dumping their dollars, and why U.S. Treasury Secretary Tim Geithner recently said […]

  In Mexico City on October 28, the International Tribunal on Trade Union Freedom (October 26, 2009-May 1, 2010) concluded its first of two public sessions with a scathing preliminary report that condemned President Felipe Calderón for his violent union-busting measures since taking office after his questionable 2006 election.  The Tribunal had been organized in […]

The Harold Wolpe Lecture, University of KwaZulu-Natal, 5 November 2009 In 1982, I published a book, jointly with Samir Amin, Giovanni Arrighi, and Andre Gunder Frank, entitled Dynamics of Global Crisis.  This was not its original title.  We had proposed the title, Crisis, What Crisis?  The U.S. publisher did not like that title, but we […]

Play now: “Not everybody is happy about what happened after the Wall went down.  In fact, it’s often referred to in East Germany not as German reunification but as West German annexation or even colonization, because the economy in East Germany took a nosedive after the two joined, the East and the West joined — […]

  Amandla: Early in 2009 you published your book The Great Financial Crisis (coauthored with Fred Magdoff).  Could you reflect now almost a year later on what made the current recession more severe than previous recessions?  Why has it been compared to the Great Depression and what type of recovery are we likely to see? […]

In the months following the outbreak of the financial crisis in late 2007, the general climate among economists and economic commentators was kind of a stupor.  Mainstream economists and conservative politicians — who had clamored for decades for the government to keep its hands off the economy, for balanced budgets, and for taxes as low […]

  Abstract: This dissertation is an in-depth study of the structures, actors, and policy communities associated with U.S. public diplomacy toward Iran.  Since 2006, the U.S. government has spent more than $200 million for its Iran-related public diplomacy via State Department “democracy promotion” programs, National Endowment for Democracy, and the Broadcasting Board of Governors.  These […]

Paper delivered at the plenary session of the 2009 National Conference of the Philippine Sociological Society held at the PSSC Building on 16 October 2009 Why does the ideology of neoliberalism still exercise such influence in the Philippines despite the challenges it has faced from both the Asian and now global financial crisis? This paper […]

“What made Spence dangerous to the bourgeoisie was not that he was a proletarian nor that he had ideas opposed to private property but that he was both.” — Peter Linebaugh.2 ‘Poorest of the Poor’ and Politics It is always easy to criticize and dismiss an argument in its weakest formulation.  Attacking the policies of […]

  Jasmin Hristov.  Blood and Capital: The Paramilitarization of Colombia.   Ohio University Research in International Studies Series.  Athens: Ohio University Press, 2009. xxiii + 263 pp. 28.00 (paper), ISBN 978-0-89680-267-4. Jasmin Hristov’s book is an exploration of the history and evolution of armed paramilitary forces in Colombia, focusing primarily on the past two decades.  […]

  Lecture delivered at the Economic and Black Labor Forum, the Philadelphia Community Institute for Africana Studies, 22 October 22 2009 The present Great Recession is the latest and largest crisis of capitalism since the Great Depression of the 1930s.  During the Great Depression over half of all African-American men were unemployed.  The present Great […]

The Maoist movement in India is a direct consequence of the tragedy of India ruled by her big bourgeoisie and governed by parties co-opted by that class-fraction.  The movement now threatens the accumulation of capital in its areas of influence, prompting the Indian state to intensify its barbaric counter-insurgency strategy to throttle it.  In trying […]

Mike Whitney: In your new book, The ABCs of the Economic Crisis: What Working People Need to Know, you allude to right-wing think tanks, like the Heritage Foundation and the American Enterprise Institute, which promote a “free market” ideology.  How successful have these organizations been in shaping public opinion about capitalism?  Do you think that […]

Personal income decreased $0.1 billion, or less than 0.1 percent, and disposable personal income (DPI) decreased $0.2 billion, or less than 0.1 percent, in September, according to the Bureau of Economic Analysis.  Personal consumption expenditures (PCE) decreased $47.2 billion, or 0.5 percent.  In August, personal income increased $17.4 billion, or 0.1 percent, DPI increased $14.1 […]

  Twenty years ago, 60,000 workers from New York City to Maine rallied against healthcare cost-shifting at the telecom giant then known as NYNEX (since “rebranded” as Verizon). NYNEX was a very profitable, multinational company seeking to capitalize on a demoralizing decade of lost strikes, contract givebacks and widespread unionbusting.  At a time when many […]

Fred Magdoff and Michael D. Yates.  The ABCs of the Economic Crisis: What Working People Need to Know.   Monthly Review Press, 2009. Books that start out with quotes from Shakespeare’s Macbeth make me nervous.  Like many of my fellow workers, I have attended far more rock concerts — or pro wrestling matches — than […]

It is spell-binding to see how the U.S. establishment can inflate the threat of a target, no matter how tiny, remote, and (most often) non-existent that threat may be, and pretend that the real threat posed by its own behavior and policies is somehow defensive and related to that wondrously elastic thing called “national security.” […]

The festivities associated with the 7th ALBA Summit, held in the historic Bolivian region of Cochabamba, showed the rich culture of the Latin American peoples and the joy elicited in children, young people and adults in general by the singing, the dancing, the costumes and rich expressions of the human beings of all ethnic groups, colors and shades: aborigine, black, white and mixed people. We could see there thousands of years of human history and precious culture that explain the determination with which the leaders of various Caribbean, Central and South American peoples convened that summit.

  “Would it not be better to administer euthanasia?” Enrique Lacoste Prince is a Cuban cartoonist based in Havana. Translation by Yoshie Furuhashi (@yoshiefuruhashi | yoshie.furuhashi [at] gmail.com). | | Print