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
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.
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.
Apparently—and entirely predictably—low-Earth-orbit is now firmly within the widening tides of corporate capitalism’s great waste ocean.
Chinese cryptocurrency businesses mine two-thirds of all Bitcoin. But for how long will they remain welcome in the country?
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.
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.”
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.
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 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.
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.
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”.
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.
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.
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.
The series continues with analyses of how indebtedness developed in other regions of the Global South.
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?
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.
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.
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.