Subjects Archives: Political Economy

Nobody can claim that the rate of growth of agricultural production, especially of food grain production, has been higher in the neoliberal period than during the years of dirigiste development that preceded it; it may have been somewhat lower but let us agree that it is certainly no higher.

Ramped-up economic sanctions will immediately affect the country’s oil output and potentially trigger inflation.

The Argentinian president gifted Elon Musk a custom chainsaw, which he promised to use to drastically reduce public spending in his new role as the de facto leader of the new Department of Government Efficiency (DOGE).

The leading big tech companies are working hard to sell Artificial Intelligence (AI) as the gateway to a future of plenty for all.

In the basement of Helping Hands Hospital in Kathmandu, Nepal, there is a meeting room. Its left and right sides are lined with stacks of large books, some with torn covers. These are rare books about Marx, Lenin, Stalin, and others. They sit like prisoners, yearning for readers to set them free. The place is known as Harry Magdoff Memorial Library.

The larger rebrand underway is seeing elite “reconciliation” under Trump and plutocrats line up behind the repackaging from a “woke” empire to a more old-fashioned version focused on race, religion and more brazen exploitation.

The major economies are exhibiting signs of stagflation.

President Donald Trump has shared a shockingly awful AI-generated music video envisioning a future Gaza.

Presenting new research, Dylan Sullivan and Jason Hickel mount a devastating critique of the impact of structural adjustment in Africa in the 1980s and 1990s. Drawing on recent data on Africa’s material resource use, Sullivan and Hickel show how during this period structural adjustment programmes led to a significant increase in ‘unequal ecological exchange’, a process whereby African countries were compelled to export more materials, energy, and other resources than they received in imports. The difference between the two, Sullivan and Hickel argue, represented a transfer of real tangible materials from Africa to the capitalist world economy, for free.

The Trump strategy for the revival of imperialism amounts to having one’s cake and eating it too.

The clearest legislative priority of the Trump administration and the Republican-led Congress is to keep taxes low for the richest households and corporations.

On Friday, February 21, all the major U.S. stock indices fell.

The official hope is that the workers’ bargaining strength gets sufficiently lowered by having greater unemployment so that they cannot bargain for higher money wages to compensate for the price-rise, because of which inflation would eventually peter out.

The ‘Big Five’ publishing houses wield enormous global power, controlling 80% of the English-language trade publishing market.

The decline in manufacturing jobs is common to most developed economies and is not unique to the U.S. Further, Donald Trump is nothing if not delusional, and his tariffs will only damage both the U.S. economy and others as well.

Real estate event organized by company promoting land sales in illegal Israeli settlements in West Bank turns violent.

“Why should we feel constrained by a free trade agreement?”

The 1940s saw a series of movies with Bing Crosby and Bob Hope, starting with the Road to Singapore in 1940.

The following text is based on a talk given by Gary Wilson at the “Deep Seek and the Challenge to U.S. Technological Hegemony” webinar on Feb. 16, hosted by the Friends of Socialist China and the International Manifesto Group.

While it is certainly true that Trumpism is not identical with capitalism per se, it would be a mistake to see Trumpism as a completely separate and alien phenomenon.