Facebook’s cryptocurrency initiative furthers an agenda of neoliberal financialization, writes Josh Gabert-Doyon
Subjects Archives: Political Economy
Imagining the Green New Deal with Robert Hockett
In this episode, we speak with Robert Hockett, Edward Cornell Professor of Law at Cornell Law School. At Cornell, about his role in crafting the Green New Deal Resolution, his conception of finance as a franchise, and his experience as an advisor to Congresswoman Alexandria Ocasio-Cortez as well to Senators Sanders and Warren.
Failure of Trump tax cuts
President Trump’s corporate and income tax cuts enriched corporations, satisfied those already employed and flush with money, and did little to stimulate the national economy.
Vanishing green shoots and the possibility of another crisis
Governments and central banks that were upbeat about global economic recovery are turning pessimistic. A coordinated fiscal stimulus across nations is the need of hour.
The mountain of corporate debt will be the seed of the next financial crisis
What have they done with the money? Have they invested in research and development, in production, in the ecological transition, in creating descent jobs, warding off climate change? Not at all!
Cyclone Idai, sanctions and capitalism
Western capitalists are to blame largely for climatic changes that causes natural and environmental disasters. Poverty, which is a result of the diabolic and pernicious economic sanctions, has forced the poor to build poor and weak structures that do not withstand the heavy winds and storms.
Is there any way out of the U.S. student debt crisis?
By working three jobs while in college and with some financial assistance from her mother, Karen Hawkins managed to pay off her undergraduate loans of US$12,000 eight years after completing her bachelor’s degree at the University of Illinois at Urbana-Champaign.
The uneasy U.S.-China relationship: what lies ahead?
The U.S. and China are the two dominant poles in the global economy, as illustrated in the figure below which traces the global trade in parts and components.
Global Banks, led by JPMorgan Chase, invested $1.9 Trillion in fossil fuels since Paris climate pact
The top four banks that invested most heavily in fossil fuel projects are all based in the U.S., and include JPMorgan Chase, Wells Fargo, Citi, and Bank of America. Royal Bank of Canada, Barclays in Europe, Japan’s MUFG, TD Bank, Scotiabank, and Mizuho make up the remainder of the top 10.
A new unionism for the twenty-first century
As we contemplate the ongoing decline of British trade unions, and as Americans consider their next move after the Supreme Court’s Janus vs AFSME decision, the the Independent Workers of Great Britain (IWGB) and United Voices of the World (UVW) point towards an alternative way of organising, fighting—and winning.
Why the EU is not internationalist
Seeing the EU as internationalist is a fundamental error rooted in a misdiagnosis of its aims and effects, argues Chris Nineham.
Economic analysis & imperialism today
An introduction and slideshow of Tony Norfield’s presentation at the Rethinking Economics conference in Greenwich University, London, on the topic of ‘Economic Analysis & Imperialism Today’.
Dossier 14: Brazil’s Amazon—the wealth of the earth generates the poverty of humankind
The destruction of the Amazon has serious consequences not only for Brazil, but for all of Latin America—and the world.
The Green New Deal’s magical realism
The half-measures and failed “market mechanisms” of the mainstream more “unrealistic” than the bold plans put forward by the Green New Deal. The arc of the moral universe may bend towards justice, but that won’t mean very much if, within just a few decades, the planet can no longer sustain life as we know it.
Samir Amin: The organic intellectual
The film ‘Samir Amin: The organic intellectual’ depicts the audacious struggles of, as well as interviews with, addresses by and special moments involving this most outstanding intellectual of the South.
Why is society so racist?
Slavery, while intensely profitable for the bourgeoisie, ran counter to capitalism’s ostensible ideology: liberté, égalité, fraternité. A resolution to this contradiction was needed, and came about in the concept of race
Marx and the democratization of work
The solution for capitalism’s problems requires transforming the capitalist workplace into democratic institutions where everyone has an equal say on what happens there.
Lots of noise from Trump but nothing changed for U.S. multinational corporations
Bank of France: “Six small jurisdictions (Bermuda, Ireland, Luxembourg, the Netherlands, Singapore and Switzerland), which count for less than 1 percent of the world’s population, hold 63 percent of the overall profits earned abroad by U.S. multinationals.”
Trillion dollar Wall Street bailouts, Bernie Sanders, and the Washington Post
The newspaper’s fact-checker might need to work on his own understanding of the facts, because Sanders seems on pretty solid ground here
The Turkish economy: worse than a recession
Turkey’s economy is back in the news, and not in a good way. After the release of an economic report by the Turkish Statistical Institute, a big dispute has arisen over whether or not Turkey has entered a recession.
