The intellectual hegemony of mainstream bourgeois economics, by invariably seeing capitalism as a self-contained closed system, serves to obscure the phenomenon of imperialism.
Subjects Archives: Political Economy
Solidarity isn’t a slogan, it’s a process: a conversation with Vijay Prashad
In this exclusive interview, a prominent Indian intellectual examines how imperialism operates in our time and proposes specific forms of solidarity with Venezuela.
Ricardo Hausmann’s “morning after” for Venezuela: the neoliberal brain behind Juan Guaido’s economic agenda
While online audiences know YouTube comedian Joanna Hausmann from her videos making the case for regime change, her economist father has flown below the radar. His record holds the key to understanding what the U.S. wants in Venezuela.
Confronting Monetary Imperialism in Francophone Africa with Ndongo Samba Sylla
On this episode, Scott Ferguson and Maxximilian Seijo talk with Sylla about the history of political economy in pre-and post-colonial Africa; the theoretical bases and political stakes of the anti-CFA Franc movement; and how Modern Monetary Theory ought to inform current and future efforts to restore political and economic sovereignty to West African nations.
Utsa Patnaik on agrarian history and imperialism
Humanity does not end where Europe ends, or America ends. Lenin’s contribution as well as Rosa Luxembourg’s work are both of inestimable value because they applied the Marxist method to areas that Marx himself had not touched.
China has an unemployment problem
Strikingly few discussions of China’s declining growth trajectory include mention of the country’s unemployment rate. Unfortunately, this official rate is worthless as an indicator of the China’s labor market conditions. In reality, China likely has a serious and growing unemployment problem.
Anti-capitalism is NOT anti-semitism
The media are trying to turn the 1% into a protected minority.
The worldwide struggle against fascism: a conversation with Nestor Kohan (Part 2)
An important Latin American political theorist argues that right-wing “internationalism” requires a leftist response that also reaches beyond national boundaries.
Joao Pedro Stédile: “Venezuela is extremely important because it is the battle of this century”
It is a fundamental task for the class struggle that we succeed in liberating Lula so that he becomes the principal spokesman, he is the one who has the capacity to help mobilize the masses against the system and the project of the extreme right.
Promises, promises
They keep promising, ever since the recovery from the Great Recession started more than eight years ago, that the share of national income going to American workers will finally begin to increase. But it’s not.
‘United we will rise’
Not to be dramatic, but it’s probably the best thing we’ve ever read.
Capitalist globalization is not unwinding: TNCs continue to increase their power and profits
The Great Recession of 2008 marked the end of a lengthy period of international economic growth and rapidly increasing international trade. Now, some ten years later, economic activity, including trade and foreign direct investment, remains far below pre-crisis levels with little sign of revival.
How the U.S. is strangling Haiti as it attempts regime change in Venezuela
Last week, the people of Haiti erupted in protests over fuel price hikes. Behind the protests lie a story of corruption by the elite, blatantly insensitive IMF policies, predatory pricing by U.S. oil firms and the fallout of the economic war on Venezuela.
The Trump tax plan proves a bonanza for business
In sum, thanks to the Trump tax plan, trillions of dollars that could have been used to transform our transportation and energy infrastructure, industrial structure, and system of social services are instead being transferred to big businesses, who use them for speculative activities and to further enrich their already wealthy managers and stock holders.
Guaido ‘appoints’ new oil executives as Trump vows ‘all options on table’
Trump has repeatedly refused to rule out a military option.
The State and Accumulation Under Contemporary Capitalism
Historically, capitalism develops institutions and ideologies that justify surplus extraction and capital accumulation. In the last decades of the twentieth century, the financialization of capitalism initiated a new era of accumulation which is known in academic contexts as finance-capital-driven neoliberalism.
Sweezy on the Rise of Fascism
Both Sweezy and Dimitrov agree that fascism arises in the middle class and becomes a threat when the bourgeoisie embraces it, but Sweezy’s unique contribution is to demonstrate fascism’s relationship to the postwar transitional period of class equilibrium.
Financial blockade: Chronology of a strategy to destroy Venezuela
Sanctions against Venezuela are real and palpable mechanisms of destruction of the State, identity and, with it, of Venezuelan society.
‘The neoliberal project is alive but has lost its legitimacy’: David Harvey
In an interview with The Wire, the well-known Marxist scholar talks about the surge of populist and right-wing politics and the future of neoliberalism, capitalism and technology.
Myth of the Medieval Jewish Moneylender with Julie Mell
On this episode, Scott Ferguson and Maxximilian Seijo speak with Mell about these and other connections that may be drawn between her own and neochartalism’s critical projects.
