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Subjects Archives: Political Economy

GDP - wages

To the victor belong the spoils

The phrase, which was used in the early nineteenth century to describe the the spoils system of appointing government workers, accurately describes the American economy today.* And it’s pretty clear who the victor is, and it’s not the working-class. Instead, a small group at the top have come out as the victor—and that’s been true […]

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"You can't have capitalism without racism." Source: Peter James Hudson on “The African Origins of Racial Capitalism.”

You can’t understand capitalism without race

The centrality of race in the devilment of capitalism continues to be resisted by “the sort of hardline, orthodox folks who only look at class, alongside the sort of liberals and so-called racial multiculturals who have the misconception that race no longer matters,” said Charisse Burden-Stelly, professor of Africana Studies and Political Science at Carleton College.

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Striking migrant workers in Mahboula in Kuwait

COVID and Kafala

To imagine that a country as structurally classist as Kuwait could have ever succeeded in fighting a pandemic that was born from exploitation and thrives on inequality is the kind of naivety one dreams of achieving, so comforting must it be.

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Samir Amin

The organic intellectual: Remembering Samir Amin two years on

‘In our era, when we consider the destructive (ecological and military) might at the disposal of the powers-that-be, the risk, denounced by Marx in his time, that war will end up destroying all the opposing camps, is real. The alternate path demands the lucid and organized intervention of the internationalist front of workers and peoples.’

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Trump & Xi, with flags

China & U.S. power

Can China do much to fight back against the power wielded by the U.S. in the world economy? At first sight, that looks unlikely. China is big, but world trade is conducted in dollars, and the U.S. has economic, political and military influence across the globe.

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