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Subjects Archives: Political Economy

The Corporatist State 2011 Shankbone - The first day of Occupy Wall Street, September 17, 2011. Wall Street barricaded and Zuccotti Park taken. (Photo: David Shankbone)

A stock market boom amidst a real economy crisis

Altogether, as philosopher Cornel West put it, the U.S. is showing every sign of being a “failed social experiment”. And yet there is a veritable boom in the U.S. stock market. The stock market index Nasdaq has increased by more than 40 per cent since March 23 and is now “within striking distance of all […]

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The problem of external debt

There is a massive problem of external debt building up for the third world, of which the recent Argentine debt crisis was only one manifestation. At the root of the problem is the collapse of primary commodity prices in the world market which began in April 2011.

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Flickr No War with Iran- Durham (2020 Jan) | Anthony Crider | Flickr

Viruses & imperialism

Despite conspiracy theories, there is no evidence whatsoever that the virus was manufactured in or escaped from a laboratory, in China or anywhere else. Such accusations ignore how easy viral transmission can be when other factors come into play.

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Glasgow Times Glasgow's Banksy slams Black Friday consumerism in West End mural ...

A consumer economy?

Richard Heinberg is a very important scholar and an apparently lovely human being. His books are always penetrating, and both his contribution to and his review of Michael Moore’s corporate-green-censored movie, Planet of the Humans, demonstrate his continuing efforts to speak crucially unheard truths.

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Pixabay Business Closed Bankrupt Pandemic - Free photo on Pixabay

The economy: we are still in big trouble

The announcement by the Bureau of Labor Statistics that the federal unemployment rate declined to 13.3 percent in May, from 14.7 percent in April, took most analysts by surprise. The economy added 2.5 million jobs in May, the first increase in employment since February. Most economists had predicted further job losses and a rise in […]

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8 May 2020: As part of South Africa’s community screening and testing programme, a Khayelitsha Eastern community team tests farm workers in Faure, where a number of positive cases were discovered. A health worker signals what the minimum social distance should be. Barry Christianson / New Frame

Dossier 20: Health is a political choice

In the United Nations’ Universal Declaration of Human Rights (1948), Article 25 offers an expanded vision of what it could mean to be a human being. Human beings, it notes, have ‘the right to a standard of living adequate for [their] health and well-being’. This includes ‘food, clothing, housing and medical care and necessary social […]

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