It is often claimed that disabled persons are invisible, disregarded by mainstream society, and irrelevant to the workings of society.
Subjects Archives: Political Economy
There must be bones under the paved street
On 6 August 1945, the United States military dropped a bomb that contained 64kg of uranium-235 over the city of Hiroshima (Japan). The bomb took just over 44 seconds to fall from 9,400 metres and detonated 580 metres above the Shima Surgical Clinic. Over 80,000 people died instantly. This was the first use of the […]
The Mexican debt crisis and the World Bank
In 2019, the World Bank (WB) and the IMF will be 75 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the interests of the world’s populations.
Miliband’s masterpiece
Fifty years after it was published, The State in Capitalist Society remains indispensable for any socialist movement with ambitions of government.
China & World trade
Just in case you had forgotten that China is a major part of the global economy, here is a chart from the Bank of England’s Financial Stability Report.
Apocalypse economics and economic apocalypse
Unfortunately for humanity, the naturalizing of capitalism by dominant mainstream neoclassical economics establishes a bulwark against the posing of vital economic questions which challenge capitalist rationality.
The NYT’s six percent solution for student debt
Why are Democratic candidates going on about student loan debt? Why, the problem is practically solved already!
The exploitation time bomb
Worsening economic inequality in recent years is largely the result of policy choices that reflect the political influence and lobbying power of the rich. There is now a self-reinforcing pattern of high profits, low investment, and rising inequality–posing a threat not only to economic growth, but also to democracy.
U.S. economic warfare and likely foreign defenses
Keynote Paper delivered at the 14th Forum of the World Association for Political Economy, July 21, 2019. Today’s world is at war on many fronts. The rules of international law and order put in place toward the end of World War II are being broken by U.S. foreign policy escalating its confrontation with countries that […]
Today’s struggle for a Green New Deal: Lessons from the Freedom Budget of the 1960s
The potential mass appeal of the Freedom Budget failed to materialize in part because “realistic” compromises were made by its supporters: partisans of the Green New Deal should not make the same mistake.
Debt update
While the ratio of debt to GDP fell in 2018—for the first time in a decade—for both advanced & emerging market economies it remains high, much higher than at the start of the 2007-08 crisis; and has also continued to rise in some major economies. Debt update
Imperialism in a coffee cup
Why is it that just 1p of a £2.50 cup of coffee goes to the farmer who cultivated and harvested the coffee beans?
Global Britain’s real climate changers: Big Oil must be taken down
There is no global social unity in the face of climate disaster. Yet we need a genuinely internationalist rebellion against the corporations at the extractive imperialist heart of British capitalism. Their extinction as a species is required to save the planet.
De-dollarizing the American financial empire
Imperialism is getting something for nothing. It is a strategy to obtain other countries’ surplus without playing a productive role, but by creating an extractive rentier system. An imperialist power obliges other countries to pay tribute.
Trump murdered the Iran Deal—and Europe isn’t too happy about it
During the July 14, 2019 meeting between France, Germany, and the UK to discuss their response to the U.S. withdrawal from the Iran Nuclear Deal, President Hassan Rouhani remarked that Iran is “always ready for negotiation.” Iran, he said, urges the U.S. to “abandon bullying.”
