Subjects Archives: Political Economy

Kevin Crane takes on some common questions about Artificial Intelligence.

Amazingly the world trading arrangements are such that the inferior mode of adjustment is carried out whenever there are imbalances, and not the superior mode of adjustment. This is the irrationality of the world trading arrangements under which we live.

Venezuela is rebuilding amid an information war that obscures the effects of sanctions, frozen assets, and decades of U.S. economic warfare–and turns human suffering into another pretext to discredit the Bolivarian process.

What is true of the world economy as a whole holds true for countries like India which have enormous labour reserves inherited from the colonial times, reserves hidden away in particular in vast agrarian sectors.

U.S. President Donald Trump has proposed a $1.5 trillion military budget for the fiscal year 2027, which would increase by 44 percent the acknowledged budget for 2026.

If Marx in Capital lays bare the “hidden” abode of capitalist production, Joyce, in Ulysses, lays bare the hidden (yet all-too-visible) abode of modern reproduction, the arena that’s both the starting and end point of progressive politics, decreeing its victory or defeat.

One trillion USD, or 1,000,000,000,000, is difficult to conceptualize, as the median U.S. household bank account holds a median of $8,000, or 0.0000008% of a trillion.

A global survey found people in most countries see the United States as the biggest threat to the world, and prefer China over the U.S. These are the results of the EU-backed Democracy Perception Index.

When SpaceX shares began trading on the Nasdaq on June 12, the trap was already set.

Elon Musk wealth has made him the first trillionaire, after SpaceX’s Nasdaq debut exposed extreme inequality, speculative finance, and corporate power.

This enormous history of capitalism provides much fascinating detail, but its flawed conceptualisation of the system’s history undermines it, argues Dominic Alexander.

Today India has a level of income inequality higher than at any time in the previous one hundred years, and one of the highest in the world

Ferrer’s short article offers an excellent example of a simple truth: even many apparently moderate, intellectually sophisticated observers accept the basic premises of U.S. government policy toward Cuba.

One of the poorest kids in town, Macy was more neglected than abused by her alcoholic father, “the town drunk.” She “found refuge” in her friends’ homes or the living room of her grandmother who taught her to read and write and play checkers. She “took solace” in the nearby public library and the public school and “the women in charge of those sacred places who were also my demigods.”

In this episode, we speak with Walt McRee (President) and Peter Winslow (Vice President) of the Public Banking Institute (PBI) about their past and ongoing advocacy for public banking. Founded in 2011 by author Ellen Brown and a core collective of advocates, PBI aims to break the monopoly of Wall Street’s private banking system by establishing a nationwide network of publicly owned, democratically accountable banks.

The government has been misleading the public and effectively hiding hundreds of billions of dollars in military spending.

If AI is to succeed for capital, it will only be at the expense of most working people and their families.

The question is not whether AI will enter the workplace. It already has.

The Productive Lever of Sovereignty.

COM: We already know right now the situation in Bolivia and the crisis is currently unfolding. What can you say about what is happening right now, about the strike?