A decade after the Global Financial Crisis, developing countries still bear the scars in the form of lower growth and investment rates.
Subjects Archives: Political Economy
“We need new revolutionary tools to advance the struggle of the working class”
To this day, “NUMSA has not deviated from its perspective of Marxism, Leninism and its goal of building a socialist South Africa,” says Karl Cloete
Democratic Party politics 101 with Alexandria Ocasio-Cortez and the corporate media
Some who read my writing may ask, “why don’t you criticize the Republicans as much as you do the Democrats?” My response to such a question is that it should be obvious by now which of the two corporate parties currently holds the Black polity and working class “constituencies” generally in a state of political […]
Globalization checkmated? Political and geopolitical contradictions coming home to roost
The deepening of economic globalization appears to have ground to a halt and the process may even unravel a little. The sudden stop has surprised economists, whose belief in globalization has strong parallels with Fukuyama’s (1989) flawed end of history hypothesis.
Disappearing poverty
In international human rights law, a “forced disappearance” occurs when a person is secretly abducted or imprisoned by a state or political organization (or by a third party with the authorization, support, or acquiescence of a state or political organization), followed by a refusal to acknowledge the person’s fate and whereabouts, with the intent of placing the victim outside the protection […]
U.S. manufacturing is far from healthy and the main reason appears to be globalization
Public awareness and acceptance of the negative consequences of corporate-driven globalization on U.S. workers has grown dramatically over the last years, aided in part by Donald Trump’s attacks on trade agreements like NAFTA.
Making War on the Planet: Geoengineering and Capitalism’s Creative Destruction of the Earth
The enormous dangers that rapid climate change present to humanity as a whole, and the inability of the existing capitalist political-economic structure to address them, symbolized by the presence of Donald Trump in the White House, have engendered a desperate search for technofixes in the form of schemes for geoengineering, defined as massive, deliberate human […]
Correcting the record: what is really happening in Nicaragua?
There is a great deal of false and inaccurate information about Nicaragua in the media. Even on the left, some have simply repeated the dubious claims of CNN and Nicaragua’s oligarchic media to support the removal of President Ortega. The narrative of nonviolent protesters versus anti-riot squads and pro-government paramilitaries has not been questioned by […]
Russiagate is a ruling class diversion
So this is what we can look forward to in the long twilight of a shrinking U.S. empire: the shrieks of a delirious ruling class, concocting endless diversions from the central reality of late-stage capitalism’s inability to offer the people anything but widening wars and deepening austerity.
Against reductionism: Marxism and oppression
The relationship between oppression and class has always been an important question for Marxists and has been the subject of numerous debates between socialists and among the left more broadly.
The relationship between racism and capitalism
Revulsion is building towards the smokescreens of hypocrisy, racism, and nationalism barely masking capitalism’s ongoing failure to provide the jobs and incomes people need.
Τhe structural, fundamental factors pushing western capitalism into producing totalitarianism and war
Thank you very much for your kind invitation to participate in this very interesting, I would say even intriguing conference on Marx and Marxism, held in Beijing and coinciding with the celebration of the 200 years since the birth of Karl Merx, the thinker who has contributed as nobody else to demystifying our Social Being.
On capital-imperialism: an interview with Virgínia Fontes
In her book Reflexões im-pertinentes: História e capitalismo contemporâneo published in 2005, she examined the development of capitalism and its new forms of commodification through a combination of theoretical reflection and empirical analysis. Based on the concept of expropriation, her research reflects a recovery of the critique of political economy in social theory.
I ran out of words to describe how bad the recovery numbers are
Back in June, Neil Irwin wrote that he couldn’t find enough synonyms for “good” to adequately describe the jobs numbers.
Ignore their threats, tax the rich
In most states in the United States, the rich have enjoyed ever lower rates of taxation while working people have suffered from inadequately funded public services.
The New Postcolonial Economics with Fadhel Kaboub
In this episode, we speak with Fadhel Kaboub (@fadhelkaboub), associate professor of economics at Denison University and President of the Global Institute for Sustainable Prosperity. Fadhel outlines a new critical approach to postcolonial political economy, arguing that re-gaining financial sovereignty is a crucial next step for postcolonial nations hoping to achieve social, economic, and environmental […]
A spectre is haunting us: it’s the past weighing like a nightmare on the present
The rise of extreme right wing politics is a response by sections of the ruling classes internationally to the economic stagnation.
The chicken game and rotten eggs
Germany’s politicians played the chicken game last week, testing which party, Angela Merkel’s Christian Democratic Union or its Bavarian “sister party”, Horst Seehofer’s Christian Social Union, would be the first to swerve.
Race, gender and social reproduction in British capitalism, 1945-78
How can we understand the way that capitalism comes to be gendered and racialised?
Trump’s “infrastructure” plan: pump up the Pentagon
This year alone will bring total spending on the Pentagon and related agencies (like the Department of Energy where work on nuclear warheads takes place) to $716 billion.
