Subjects Archives: Political Economy

Congress of craftsmen and entrepreneurs in Dessau-Rosslau.

The U.S. dollar is essential to U.S. global power projection. But in 2022, the dollar share of reserve currencies slid 10 times faster than the average in the past two decades.

If you want to win back the trust of people, you have to protect them from the excesses of the financial world.

In “The Dialectics of Dependency,” Ruy Mauro Marini developed a theory of dependency and unequal exchange that is still invaluable today.

Most relationships undergo transition with the passage of time from appreciation of each other to a “state of having,” a desire to possess or even to control the other. But the present pivotal moment in the Russian-Indian relationship shows that an equal relationship does not fall into that trap.

According to SIPRI, global military spending will reach a new record high of $2,240 billion in 2022.

A new report out from the National Center for Health Statistics finds that U.S. maternal deaths have increased by an alarming 40% since 2020.

While discussing about primary accumulation of capital, Marx did refer to a process of alienating direct producers from the means of production and this has been done by the use of coercion.

Here are three examples of criminal misuse of enormous sums of money that could meet human needs, but instead are spent underwriting terrible violence and bolstering corporate profits.

GOVERNMENT officials never tire of repeating that India is currently the fastest growing major economy in the world.

One of the central insights emerging from research on degrowth and climate mitigation is that universal public services are crucial to a just and effective transition.

Currently, Russia is one of Cuba’s top ten trading partners, and both governments define their partnership as “strategic.”

New data show the wealthiest Americans have stashed $2 trillion in offshore tax havens, as the government relaxes efforts to combat tax evasion.

Matthew Goodwin wants us to worry about a ‘new elite’ of media workers and academics, not the actual elite of billionaires—like his backers. SOLOMON HUGHES unveils the trail.

The new chief of the BRICS bloc’s New Development Bank, Brazil’s leftist ex-President Dilma Rousseff, revealed they are gradually moving away from the U.S. dollar, promising at least 30% of loans in local currencies of members.

Remarkably, during her visit to Ghana in late March 2023, U.S. Vice President Kamala Harris announced that the US Treasury Department’s Office of Technical Assistance will ‘deploy a full-time resident advisor in 2023 to Accra to assist the Ministry of Finance in developing and executing medium- to long-term reforms needed to improve debt sustainability and support a competitive, dynamic government debt market’.

Except in war-time, capitalism invariably seeks to control inflation by creating a recession; and this is so even when the inflation has been caused by an autonomous increase in capitalists’ profit-margins which are downward inflexible and hence would not be reduced by a recession.

Western sanctions imposed on Iran, Russia, Syria, and in fact any country that refuses to be driven by Western will, have motivated many countries in the world to search seriously for ways and means to liberate their destinies from Western hegemony.

Hersh says the CIA estimates at least $400 million was embezzled last year in funds earmarked for diesel payments.

Before the pandemic was announced by the World Health Organisation in March 2020, the poorer nations of the world already struggled with seriously high—and unpayable—levels of debt.