Subjects Archives: Political Economy

In Keynes’ words: “It is not the ownership of the instruments of production which it is important for the State to assume. If the State is able to determine the aggregate amount of resources devoted to augmenting the instruments, and the basic rate of reward to those who own them, it will have accomplished all that is necessary.”

On February 25, 2021, China’s President Xi Jinping announced that his country of 1.4 billion people had pulled its people out of poverty as it is defined internationally.

Climate crisis is a disaster which impacts us all, but the culpability is not evenly distributed. The rich nations of North America, Europe, Japan and Australia have contributed 60% of global cumulative CO2 emissions, compared to 13% for the two largest developing economies, China and India, taken together.

More than half a century after Kwame Nkrumah first articulated his magisterial critique of neocolonialism, Scott Timcke argues his critique remains just as relevant in the analysis of present-day developments of capitalism in Africa.

Cuba thanked Canadian entrepreneurs who do business with the country despite the economic, commercial and financial blockade imposed by the United States on Cuba, the Ministry of Foreign Trade and Foreign Investment (MINCEX) reported.

In this episode, we’re joined by Rohan Grey (@rohangrey), President of the Modern Money Network, Director of the National Jobs for All Coalition, Research Fellow at the Global Institute for Sustainable Prosperity, and JSD student at Cornell Law school. Our conversation is dedicated to Rohan’s current work on the political, economic, and cultural implications of money’s digital future.

An invoice for advance payment of $45 million raised by the offshore partner of Bharat Biotech is certain to become the reason for the impending cancellation of the contract.

Ecological and social conditions are mostly ignored in a system in which profit is the goal: Fred Magdoff discusses capitalist agriculture

The G-7 meeting that has just concluded has promised to donate one billion doses of anti-Covid vaccine to the rest of the world, consisting primarily of the so-called “developing” countries.

Canadians won’t settle for a return to how things were before the pandemic.

Reporters who parrot corporate claims of out-of-control theft play into a narrative that benefits big business and perpetuates carceral policies.

While a majority of U.S. adults still have more positive than negative perceptions of capitalism, less than half of the country’s 18 to 34-year-olds view the profit-maximizing market system favorably, and the attractiveness of socialism continues to increase among people over 35, according to a new poll released Friday.

The Red Deal is a revolutionary call to reject capitalism and restore a mutually beneficial relationship with our world. It deserves to be widely read, discussed, and built upon.

This is the moment for the vast majority of Peruvians that they have been waiting for; those Peruvians that have always been considered as “non-people” by the oligarchy.

A Chinese cartoonist’s political satire, which mocked the Group of Seven (G7) members that attempt to suppress China, went viral on Chinese social media on Sunday, when the G7 summit was underway in Cornwall, the UK.

The report doesn’t show illegal activity; that’s what makes it so damning.

In this timely book, Matthew Brown and Rhian E. Jones explore new forms of democratic collectivism across the UK, writes Hilary Wainwright.

recent article in the New York Times takes aim at ‘How Big Tech Won the Pandemic’, highlighting how in the last year alone, Amazon, Apple, Google, Microsoft, and Facebook posted a combined revenue of more than $1.2 trillion.

In a capitalist society, there is always a good explanation for your poverty, your meaningless job (if you have a job), your difficulties and your general unhappiness. You are to blame.

Last week, the largest rich countries, home to most major transnational corporations (TNCs), agreed to a global minimum corporate income tax (GMCIT) rate. But the low rate proposed and other features will deprive developing countries of their just due yet again.