International cooperation must ensure significantly more official foreign exchange financing to supplement innovative domestic financing for urgently needed spending for relief, recovery and reform.
Subjects Archives: Political Economy
Crypto crackdown: only the beginning?
The cost and time involved in validating Bitcoin transactions makes it unusable in retail transactions. So they will always be foreign currencies, where you have to trade in and out of them into a real world currency.
The latest argument against federal relief: business claims that workers won’t work
In reality there is little support for the argument that expanded unemployment benefits have created an overly worker-friendly labor market, leaving companies unable to hire and, by extension, meet growing demand.
The real mission to Mars
Apparently—and entirely predictably—low-Earth-orbit is now firmly within the widening tides of corporate capitalism’s great waste ocean.
As China pursues a green future, Bitcoin miners feel the squeeze
Chinese cryptocurrency businesses mine two-thirds of all Bitcoin. But for how long will they remain welcome in the country?
Patents versus the People
ON October 2, 2020, even before any vaccines against COVID-19 had been approved, India and South Africa had proposed to the WTO that a temporary patent waiver should be granted on all such innovations.
Biden budget would send $1.3 billion more to Israeli military than to Global climate programs: Analysis
A group of anti-war veterans said President Joe Biden’s spending priorities indicate that he thinks “preserving apartheid is more important than fighting climate change.”
From Palestine to Colombia: The end of the White world colonial/capitalist project?
Despite the quickening decline of the “West,” the U.S. and its junior partners in imperialism are determined to hold humanity hostage to terminal capitalist greed and violence.
An unsustainable burden of debt afflicts the peoples of Sub-Saharan Africa. Part 5
In Sub-Saharan Africa, where health spending and human development levels are in a dramatic state, there is a stronger case than ever for unilateral suspensions of debt payments based on arguments recognized in international law; such as state of necessity and fundamental change of circumstances.
The Tech-VC Bloc is key to understanding why work is getting worse
The promise of digital transformation is anchored in a discourse that the tech sector invented along with venture capital (VC) when they came together to lobby for reducing capital gains taxes in the late 1970s.
ACURA Viewpoint: Sanctions and Forever Wars by Krishen Mehta
The U.S. has sanctions against over 30 countries, close to one-third of the world’s population. When the pandemic startedin early 2020, our Government tried to prevent Iran from buying respirator masks from overseas, and also thermal imaging equipment that could detect the virus in the lungs.
Sweden’s hands-off coronavirus model has failed
State epidemiologist Anders Tegnell explained—in a now removed article in Dagens Industri, a Stockholm-based financial newspaper—that the country’s strategy to contain the virus would not “compromise our social functioning in a way that is more detrimental to any profits”.
What are the real reasons behind the New Cold War?
The U.S. is launching a New Cold War against Russia and China in an attempt to deflect our attention from the escalating crisis of global capitalism.
Star Trek: Progressivism and corporatism don’t mix (part 1)
The television series Star Trek has appeared in several iterations with a few handfuls of movies thrown in that have fired the imaginations of viewers of all ages for nigh 55 years.
More young Japanese look to Marx amid pandemic, climate crisis
As the global challenge of climate change mounts and the coronavirus pandemic magnifies economic inequalities, Karl Marx, who pointed to the contradictions and limitations of capitalism, is gaining new admirers in Japan, particularly among the young.
Latin America and the Caribbean are facing a serious debt crisis Part 4
The series continues with analyses of how indebtedness developed in other regions of the Global South.
Intellectual monopoly capitalism and its effects on development
What is new with contemporary (global) leading corporations? If gigantic monopolies are a repeated phenomenon in capitalism’s history, why all the fuss we see every day regarding high concentration?
Developing countries in the stranglehold of debt. Part 3
The coronavirus pandemic and other aspects of the multidimensional crisis of global capitalism are enough to fully justify suspending debt repayment. Indeed priority must be given to protecting people against ecological, economic and public health disasters.
Finding the Money w/ Maren Poitras
Documentary filmmaker Maren Poitras joins the podcast to discuss and share a teaser from Finding the Money, the first feature-length documentary on the past, present, and future of Modern Monetary Theory. The film is currently under consideration for audience and jury awards in the DocLands film festival.
Remaking Radicalism with Dan Berger & Emily K. Hobson
Money on the Left is joined by Emily K. Hobson and Dan Berger, coeditors and curators of the recently published collection Remaking Radicalism: A Grassroots Documentary Reader of the United States, 1973-2001.
