Subjects Archives: Political Economy

THE data on unemployment brough out by the Centre for Monitoring the Indian Economy (CMIE) present a grim picture. Not only has the unemployment rate increased sharply for some years now, starting from even before the pandemic, but the figure which had shot up during the pandemic has not come down much despite the recovery that has occurred in the level of GDP from its trough.

Economist Michael Hudson discusses the collapse of four U.S. banks in two months, giant JP Morgan Chase taking over First Republic Bank, and how government regulators are in bed with the bankers.

The characterization of landlords as struggling families is central to the prevailing depoliticized view of housing.

The United States spent $877 billion on its military in 2022, nearly 40% of the global total, 10 times more than Russia ($86.4 billion), and three times more than China ($292 billion). The U.S. military budget is larger than the next 10 biggest spenders combined.

JANET Yellen, the U.S. treasury secretary, has finally acknowledged what has been obvious to most people for quite some time, namely that the imposition of sanctions against countries that the U.S. is hostile to, runs the risk of jeopardizing the hegemony of the dollar as the world’s reserve currency.

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.