Subjects Archives: Political Economy

Or is Eternal Energy = Eternal Damnation?

U.S. politicians from both parties agree: the deficit doesn’t matter. In their bipartisan deal to raise the debt ceiling, Biden and Republicans are boosting military spending to $886 billion while making it harder for poor people to receive food stamps and welfare.

The difficulty the U.S. faces in its current attempts to damage China’s economy was analysed in detail in the article “The U.S. is trying to persuade China to commit suicide”. Reduced to essentials, the U.S. problem is that it possesses no external economic levers powerful enough to derail China’s economy.

In May 1979, the Center for Afro-American Studies at the University of California, Los Angeles hosted a symposium titled The Political Economy of the Black World. We are publishing, for the first time, Walter Rodney’s thoughtful presentation at this symposium.

Stuart Jordan responds to criticism of his article on ecology and entropy in Solidarity 672

The Greek philosopher Heraclitus had said “You cannot step into the same river twice.”

On December 7, 2022, Southwest Airlines announced that it would reinstate its quarterly dividend payments, which had been legislatively suspended under requirements in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

The United States is in the midst of a severe housing crisis that is of its own making. This crisis results from several generations of awful housing policies, some of which date back a half century to the Nixon Administration (1968-1973). 

We’re joined by Jennifer Mittelstadt (@MittelstadtJen), professor of history at Rutgers University, to discuss her involvement with Scholars for a New Deal for Higher Education. We speak with Mittelstadt about how Scholars for a New Deal for Higher Education is organizing to address the most pressing threats to US public higher education today, as well as about how her own scholarship on publicly-provisioned welfare systems in the United States shapes her political organizing and advocacy.

Most people, including even trained economists, fail to appreciate the fact that an exchange rate depreciation, if it is to work in reducing the trade deficit in a capitalist economy, must necessarily hurt the working class by lowering the real wage rate

All of the social gains made by the working class in the course of more than a century of struggle must be wiped out to pay for the drive by the American ruling class to remove, by force of arms, Russia and China as obstacles to US hegemony, even if it means triggering a nuclear war.

A review of Daniel Goldhaber’s film adaptation of Swedish author Andreas Malm’s polarizing book ‘How to Blow Up a Pipeline’.

Joe Biden is continuing the ignoble tradition of colluding with republicans while pretending to fight them. The latest debt limit drama is another betrayal of the people.

In December 2022, President Joe Biden signed into law the National Defense Authorization Act, approving “national defense” spending of $858 billion for fiscal year 2023

One of the latest covers of the magazine The Economist carries a headline “Peak China”. This, as its name suggests, is a claim that while during the last seven decades China’s has enjoyed a peaceful “rise”, specifically in relation to the U.S., this has now ended. It was the latest of decades long wildly inaccurate predictions regarding China.

On Friday, the White House announced the most reckless and dangerous escalation of its involvement in the war with Russia to date, that it has decided to train Ukrainian pilots to fly U.S.-made F-16 fighter jets and send the nuclear-capable planes to the battlefield.

On Swiss neutrality.

The Chinese-brokered agreement emerged in retaliation to the U.S. as the latter continues to wage a series of provocations aimed at destabilizing China’s domestic stability with regard to Taiwan.

The Grayzone has obtained video recordings of well-connected figures within Moldova’s political and business community openly testifying to rank corruption within the country’s government and economy, while outlining schemes to enrich Western investors for an appropriate fee.

This year marked the 75th anniversary of the WHO. But as the UN agency approaches its yearly assembly in Geneva, it is still struggling to secure adequate resources for functioning independently of the private sector and pressures from high income countries.