Many wonder how it is possible, following the democratic governments of Fernando Henrique Cardoso, Lula, and Dilma Rousseff, that Brazilians have elected as President a shady federal deputy and die-hard defender of the military dictatorship that ruledthe country 1964-1985.
Subjects Archives: Political Economy
Capitalism in short was the panacea for mass poverty in the third world and not its progenitor as the Marxists had been arguing. The crisis that is enveloping the third world economies at present, is putting an end to that claim.
It is everywhere. In a few years, it has metastasized like a cancer, on all continents. Its fervent proponents and ill-informed supporters call it populism or nationalism. In the Italy, Germany, or Spain of the 1930s, however, this ideology of exclusion and fear, defined by a hatred of the other, together with a tyrannical executive power, was called […]
Capitalist industrialization has led us to the edge of the precipice of climate change, and avoiding the end of civilization as we know it may require the development of a view in direct opposition to the way in which capitalism “values” nature, according to John Bellamy Foster.
A Review of Michael Hudson’s new book AND FORGIVE THEM THEIR DEBTS
After fifteen years in the cold, the International Monetary Fund (IMF) returned to Argentina this May. President Mauricio Macri promised to attract foreign direct investment and to make his country the ‘supermarket of the world’. Instead, Argentina’s economy went into a tailspin. The IMF entered with its shop-worn prescriptions, a recipe that it has effectively […]
For six months, Argentina has been confronted with a new economic and social crisis on a massive scale. In the context the devaluation of local currency, rising inflation, and a deep recession, Mauricio Macri’s administration struck an agreement with the IMF, marking a major shift in the country’s future. The agreements slash public spending and […]
The rise of Donald Trump has brought talk of fascism to the forefront. While comparing U.S. Presidents to Hitler is certainly nothing new–both Obama and W. Bush were regularly characterized as such by their haters–Trump’s emergence on the national political scene comes at a very peculiar moment in U.S. history.
Physician burnout, depression, and suicide increasingly invade discussions within the medical field. Depression and suicide are more common among male and female physicians, with suicide rates 1.41 and 2.27 times greater than that of the general male and female populations, respectively.
Organizing a union is no easy task in the United States. Although organizing a union is supposed to be a protected right, businesses regularly fire union supporters knowing that they face minimal punishment even if found guilty for their actions. In fact, the rights of all workers, regardless of their interest in unionization, are being […]
In this interview we talk to Andrés Ruggeri, anthropologist and researcher who directs the Facultad Abierta programme, dedicated to researching and supporting companies and factories recuperated by their workers. Ruggeri tells us about the history of this movement, the challenges it faces, the relations with recent governments in Argentina, and much more.
Those aren’t my words. The quotation that forms the title of this post is from a recent Federal Reserve Bank of St. Louis blog post.
Fascism is always a danger under capitalism, with its frequent crises and endemic white supremacy, but the phony “resistance” is only concerned about electing Democrats.
Dominant corporations have dramatically increased their market power in the U.S. over the last decades, allowing them to boost their profits and, by extension, political power. And, although rarely acknowledged by the media, this trend owes much to the way public policy has promoted corporate intellectual property rights at the public expense.
If, as history shows, fantasies of weather and climate control have chiefly served commercial and military interests, why should we expect the future to be different? —James Fleming, Fixing the Sky