Subjects Archives: Political Economy

Michael Lavalette speaks to former Irish MEP, Clare Daly about her political history, her view on the current situation and her forthcoming general election campaign.

It should come as no great surprise that a Democratic Party which has abandoned working class people would find that the working class has abandoned them.

The BRICS declaration presumes that the international institutions in their current state are flawed because they are dominated by imperialist countries and are not representative enough; but they are flawed because their very essence is flawed, no matter how they are governed.

Many people now live in homes and rely on infrastructure that are owned by pension funds, insurance companies, and banks.

Capitalism and Spain’s right wing parties are responsible for Valencia flooding deaths.

Unearthing the chapter on fascism from Paul Sweezy’s The Theory of Capitalist Development (Monthly Review Press, January 1942).

Mainstream western politics and culture pretend the rest of the world does not exist.

The measure de-privatizes two large Mexican companies, one dedicated to the extraction and commercialization of oil, and the other dedicated to providing electricity and internet to Mexicans.

Just 15 years ago, Chinese consumers were flocking to Western brands. Now they prefer Chinese ones.

While so many in the world hold their breath for Harris or Trump it would also be wise to keep an eye on Germany. A sharp eye!

The 16th Summit of the BRICS organization is taking place this week in the Russian city of Kazan. President Nicolás Maduro was invited by the Russian president himself, Vladimir Putin, at the beginning of August, and is attending with a Venezuelan delegation.

In the Summit held in the Russian city of Kazan, BRICS members condemned the genocidal Israeli war on West Asia, the illegal sanctions regimes imposed on the people of the world by the U.S. and its allies, and Western dominated multilateral institutions.

Amazon Worker Solidarity sought to understand how Amazon makes it money to inform organizing strategy in the Amazon movement.

THIS year’s Nobel Prize in economics (the Riksbank Prize to be more precise) has been awarded to three U.S.-based economists for their research into what promotes or hinders the growth of wealth among nations; and they assign a crucial role to institutions, arguing that western institutions like electoral democracy are conducive to growth.

The BRICS Cross-Border Payment Initiative (BCBPI) will use national currencies, instead of the U.S. dollar. Russia’s finance ministry and central bank released a report detailing plans to transform the international monetary and financial system.

The United States is waging an economic war against Venezuela.

New institutional economics has received another so-called Nobel prize, ostensibly for again claiming that good institutions and democratic governance ensure growth, development, equity & democracy.

Tech companies are leveraging the misery of Palestinian war victims for their own profit.

Several international organisations are now engaged in the business of measuring what they call “poverty”.

EXTINCTION REBELLION (XR) issued an ultimatum to insurance bosses today as the climate group gears up for a week of protests across the country.