Subjects Archives: Political Economy

Frantz Fanon’s influence on Paulo Freire’s thought is well known, but the Brazilian educator also drew considerably from Amílcar Cabral, the revolutionary intellectual from Guinea-Bissau.

A new report from the Costs of War Project makes staggering estimates for the human and financial costs of the global forever wars.

“The expropriation of the mass of the people from the soil forms the basis of the capitalist mode of production.” (Karl Marx)

Prabhat Patnaik shows that as capital is relocated, real wages do not rise, inequality widens, and global demand is suppressed. The system remains in protracted crisis; Keynesianism in the North alone is no solution. The struggle is everywhere.

Imperialism which existed in the colonial era persists to this day and the system cannot do without it.

The pandemic is pushing back the world’s poorest countries with the least means to finance economic recovery and contagion containment efforts. Without international solidarity, economic gaps will grow again as COVID-19 threatens humanity for years to come.

Graham Hubbs speaks with Scott Ferguson and Andrés Bernal about the relationship between Modern Monetary Theory and philosophy. Associate Professor & chair of the department of politics & philosophy at the University of Idaho, Hubbs convened a conference panel on Modern Monetary Theory at the annual meeting of the American Philosophical Association in January 2021.

A wealth tax would raise badly-needed revenue. More importantly, it could reduce the fortunes—and power—of billionaires.

Criminologist Andrés Antillano examines a high-profile security operation to neutralize criminal activity in the Cota 905 district in July.

If the U.S. wants to be a world leader, it has to match China in investing in knowledge generation for future technology. Why then is the U.S. taking the sanctions route? Sanctions are simpler to implement; building a society that values knowledge is much more difficult. This is the crisis of late capitalism.

Economists typically use GDP per capita to assess how rich a country is. It is basically a measure of the average income per person. If journalists cared to be at all precise when they say that Venezuela had once been “rich,” then that’s a statistic they’d cite.

Criminologist Andrés Antillano looks at the causes of the transformation of Venezuela’s gangs.

This article summarizes the manuscript, “The Two-Employer Problem: Strategic Dilemmas at the Heart of the Tipped Wage Debate,” a co-winner of the 2021 Albert Szymanski-T.R. Young/Critical Sociology Marxist Sociology Graduate Student Paper Award.

Instead of a health system striving to provide universal healthcare, a fragmented, profit-driven market ‘non-system’ has emerged. The 1980s’ neo-liberal counter-revolution against the historic 1978 Alma-Ata Declaration is responsible.

Another leak of the UN report warns that the only known way to avert climate breakdown is to avoid any model which is based on perpetual growth.

According to an Economic Policy Institute report, between 28 and 47 percent of U.S. private sector workers are subject to noncompete agreements.

Hello and welcome. I’m Lynn Fries producer of Global Political Economy or GPEnewsdocs. Today’s guest is Prabhat Patnaik. He is talking about his read on the history of capitalism that he breaks up into 5 periods from colonialism into the present.

Despite the announcements from the Turkish president Recep Tayyip Erdoğan that “everything is under control”, Turkey is experiencing one of the deepest crises in recent years. A conversation with Hasan Durkal.

The UN-sponsored Intergovernmental Panel on Climate Change (IPCC) recently released its latest comprehensive report on the state of the earth’s climate. The much-anticipated report dominated the headlines for a few days in early August, then quickly disappeared amidst the latest news from Afghanistan, the fourth wave of Covid-19 infections in the US, and all the latest political rumblings.

For any working period—whether it be a day, an hour, or five minutes—part of the period is “necessary labor” and another part is “surplus labor.”