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Tax cuts and spending increases enacted by Republicans over the past four months will lead to wider than previously expected budget deficits, according to the Congressional Budget Office. The federal budget deficit would total $804 billion this year, 43 percent higher than it had projected last summer, and exceed $1 trillion a year starting in […]
Bolivian President Evo Morales hit back today at right-wing national representatives, including U.S. Vice President Mike Pence, who attended this weekend’s Summit of the Americas in the Peruvian capital Lima.
Extreme rates of exploitation in the Global South is a palpable, directly observable fact. We don’t need a theory to know this but we do need a theory if we are to understand what we can see and work out the consequences that flow from it.
There is a lot of concern over the possibility of a trade war between China and the US. In early April President Trump announced that his administration was considering levying $100 billion of additional tariffs on Chinese exports, after the Chinese government responded to a previously proposed U.S. tariff hike on Chinese goods of $50 […]
In the U.S., any policy change with little support from the upper class has about a one in five chance of becoming law, while those backed by the elites triumph in about half of occasions, even when they go against majority opinion.
In addition to subsumption of teaching and research, the third mission of neoliberal marketisation has been termed, “knowledge exchange.” The introduction of this mission represents not only a fundamental attack on the academic profession, but also a desperate attempt to marshal the knowledge-producing powers of universities to kick-start a stagnating post-crisis global economy.
The economic crises that came to a head in 2008 and the massive response—by the U.S. government and corporations themselves—reshaped the world we live in.* Although sectors of the U.S. economy are still in one of their longest expansions, most people recognize that the recovery has been profoundly uneven and the economic gains have not […]
In defence of his trade war with China, Trump claims that ‘when you’re $500bn down you can’t lose.’ The problem with this stance is that persistent U.S. trade deficits with China are arguably a sign of U.S. strength or even imperial privilege, not weakness. However, on this issue, he has much of conventional economics wisdom […]
A rational solution is possible for Syria, if the US wants to be rational. But with Kushner in the White House Palestine faces a grim future.
That China and the U.S. are moving in opposite directions is not a new trend, but it has been brought into sharper focus in the Trump era. Growing anxious about its diminishing international authority, the U.S. demonstrates increasing hostility towards China.
What we are fighting is a capitalist system that destroys nature.
Just fifty years ago on March 22nd we saw the beginning of the events in France which terrified the ruling class, led to one of the biggest general strikes ever, along with a wave of factory occupations, and could only be calmed by important concessions from the bosses (minimum wage raised by 35% and new […]
For almost three decades, the Ontario Coalition Against Poverty (OCAP) has been fighting against neoliberal austerity, especially that aspect of it that has involved systematically degrading systems of income support. The underlying motive in this attack has been to render benefit provision as inadequate and precarious as possible so as to create the desperation that […]
It is both an honor and a pleasure to be here at the event of marking the 75th Anniversary of the Ceylon Bank Employees Union. First, let me offer my heartfelt greetings to CBEU, its office bearers and membership. CBEU has had a proud and celebrated history of struggles that helped immensely to record so […]
Using Marx’s critique of political economy, it’s possible for workers employed in a variety of industries to calculate the value of their work and how this value is divided between employer and employee. It becomes possible to calculate the socially necessary labor time and surplus labor time, worker wages and employer profits in their particular […]
The commoditisation of education which makes it completely incapable of providing students with the wherewithal to engage in any active and worthwhile public discourse, has proceeded apace under the neo-liberal regime.
The Labour leader played an active part in organising against and resisting the National Front in the late ’70s.
Joseph Halevi was born in 1946 in Haifa, which then was part of British Palestine but since 1948 in Israel. Most of his earlier life was spent in Rome, where he graduated in Philosophy and Political Economy. He has been Professor of Economics at the Interna-ional University College Turin, Italy, since 2010.
Today, one hundred and fifty years after the publication of the first volume of Capital, Marx remains our contemporary.
On February 22nd the University and College Union (UCU) called for the beginning of a nation wide strike in response to Universities UK’s (UUK) attempt to shift of the Universities Superannuation Scheme from a defined benefit pension to a defined contribution pension.
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