Subjects Archives: Political Economy

A Briefing to the Vietnamese Central Committee Delegation, September 11, 2008 The economic situation of the United States today is widely understood to be the most serious since the Great Depression of the 1930s, and not only for this country.  So far the actions by the government have been inadequate, late, and do not address […]

(1) I thought it might be best to begin the conversation by getting a sense of your personal political trajectory, how you were drawn to Venezuela, some of your most memorable experiences from your time in Caracas, and how all of this has translated into your perspective on revolutionary change.  In short, what did Venezuela […]

Leftist intellectuals basically fall into two camps.  There are those who believe that the challenge we face is the existence of certain structures (the IMF, the US, the media, capitalism, etc.) and that avidly denouncing these structures is the key to our liberation.  And then there are the more interesting intellectuals who insist that at […]

  Jamaica became independent from Britain in 1962.  After almost a decade of “democratic socialist” experimentation in the 1970s, it was made a “model state” for Reaganism and neoliberalism in the Caribbean and Central America during the 1980s, having already undergone an IMF structural adjustment program in 1977.  As a result of economic and political […]

Introduction Despite the vast literature examining the link between trade liberalization and economic growth, empirical studies still fail to provide conclusive and unequivocal evidence supporting the link.  What most of these studies emphasize is that openness, accompanied by a country-specific mix of appropriate complementary policies (macroeconomic and financial policies, education, infrastructure, institutional capacity and governance), […]

Will shared resources always be misused and overused?  Is community ownership of land, forests, and fisheries a guaranteed road to ecological disaster?  Is privatization the only way to protect the environment and end Third World poverty?  Most economists and development planners will answer “yes” — and for proof they will point to the most influential […]

Modern economic class struggle, the unremitting, sometimes hidden, sometimes open, fight between capitalists and workers that erupted in the 19th century and dominated the 20th, is taking on new forms and dimensions in the 21st century. The stakes of this continuing conflict are higher than they have ever been.  Every aspect of human life on […]

  As a young Palestinian from Gaza, I had been eagerly anticipating the opportunity to study at the University of California San Diego on a Fulbright scholarship.  The chance to escape Gaza’s confines and immerse myself in an American education was deeply thrilling.  With Israel controlling Gaza’s border exits, air space and sea access — […]

  The 21 year old social partnership pact between unions, employers and the Government in Ireland is entering one of its periodic crises as one national pay agreement Towards 2016 begins to run out and talks on a successor have collapsed. The Government is expected to attempt resuscitation in late August or early September, writes Padraig […]

  The Movement of Financial Capital In recent years, there has been an intensive, continuous process of concentration and centralization of corporations operating and controlling the entire production process of global agriculture. Concentration is the concept used in political economy to explain the movement of large corporations to combine, accumulate, and become large groups.  Thus, […]

Perhaps some governments are unaware of the concrete facts, and so for that reason Raúl’s message setting Cuba’s position seemed to us to be very timely. I shall be generous in the aspects that cannot be dealt with in a brief and precise official statement.

  “When we talk about a financial crisis, it’s really only a symptom. . . .  Financial adventurism is essentially what we have been witnessing for the last thirty or forty years, exploding from time to time in the form of financial crisis.  It’s really adventurist, speculative capital which has to find in some way […]

  Francis Boyle, Professor of International Law at the University of Illinois, proposes that Iran sue the U.S. in the World Court to enjoin it against threats to attack Iran. Part 1: The Libya Precedent “We filed papers with the International Court of Justice in the Hague, on behalf of Libya against the US and […]

  On the occasion of US Democratic presidential candidate Barack Obama’s visit to Berlin, Christine Buchholz, a member of the Left Party executive board, comments: Many hopes are tied to Barack Obama, since George W. Bush is the most unpopular American President ever, and Obama promises to improve the social situation and bring the Iraq […]

On October 19, 1950, more than 400 thousand voluntary Chinese combatants, on orders from Mao Zedong, crossed the Yalu and waylaid the US troops that were advancing towards the Chinese border. The US units, surprised by the vigorous response of the country they had underestimated, were forced to withdraw towards a region near the southern coast, pushed back by the joint action of the Chinese and North Korean forces. Stalin, who was immensely cautious, offered far less support than Mao had anticipated, though the MiG-15 aircrafts piloted by the Soviets, over a limited 42.5-miles front, proved valuable help during the initial stage of the conflict in protecting land forces during their intrepid advance.

In April 2006, hundreds of thousands of immigrant rights protestors marched in cities across the United States.  They countered prolonged debates about the pros and cons of comprehensive immigration reform with a short but sweet affirmation, scrawled on placards: “No Human Being Is Illegal.”  Their direct assertion challenged the deeply entrenched practices of our government […]

There is an entire genre of theory explaining why the Western capitalist democracies did not undergo socialist revolution in the 20th Century, as Classical Marxism had predicted.  Not surprisingly, most of this material comes from the Left itself.1 We can include Antonio Gramsci’s work on hegemony in this genre, as well as the entire output of […]

With oil prices having more than doubled over the last 12 months, various reasons are being cited for the price increases. Adhip Chaudhuri, a visiting professor of economics at Georgetown University’s campus in Doha, Qatar, explains the cause and effect of high oil prices. Is the increase in oil prices plunging the global economy into […]

This is a serious subject.

The summit meeting of leaders of the eight most highly industrialized powers on the planet took place July 7-9 at a mountain retreat on the banks of the Toyako, a lake formed inside a volcanic crater located in the north of the island of Hokkaido, in the northern reaches of the Japanese archipelago. It would be hard to choose a site more removed and distant from the madding crowd than this.

  A side-by-side comparison of the two countries’ conventional military capabilities demonstrates the overwhelming superiority of the United States. It is time to inject realism into discussions about U.S.-Iranian relations. Hyping the threat about Iran obscures the bottom line: Iran does not currently represent an existential threat to the United States or its allies, and […]