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The long-term costs of allowing a handful of corporations to take over healthcare and agriculture in developing countries, in exchange for vaccinations and hybrid seeds sold at discounted price, will be paid by populations in the Global South once the process of monopolization is complete.
Marx’s Capital has been heralded for many things, but providing an exhaustive account of a future socialist society isn’t one of them.
Raoul Peck, the Haitian lmmaker, opens his film—Der Junge Karl Marx (2017)—in the forests of Prussia. Peasants gather fallen wood. They look cold and hungry.… Some of the peasants die. Even fallen wood is not allowed to them.
Although many of us would like to answer this question with a resounding “No!” and insist that our region is well prepared to defend itself against the 1823 pretensions of President James Monroe, with his “America for Americans” -which must be understood as “America for the United States”- it would be a serious mistake to […]
We are witnessing an era of conservative backlash on gender rights. Nearly across the board, women make less than men, make up a majority of those in poverty (70% of those in extreme poverty), and face the real prospect of becoming a victim of sexual violence (1-3 internationally).
Understandably concerned about the consequences of the large and sustained U.S. trade deficit, many workers have grown tired of waiting for so-called market forces to produce balance. Thus, they cheer Trump administration promises to correct the imbalance through tariffs or reworked trade agreements that will supposedly end unfair foreign trade practices.
By 1830, one million Americans, most of them enslaved, grew cotton. Raw cotton was the most important export of the United States, at the center of America’s financial flows and emerging modern business practices, and at the core of its first modern manufacturing industry.
I have been arguing, since 2016, that one of the likely outcomes of the kind of corporate tax cuts Donald Trump and his fellow Republicans have supported—and, as we saw, eventually rammed through—would be an increase in inequality.
When David Harvey says “the historical draining of wealth from East to West for more than two centuries has largely been reversed over the last thirty years,” his readers will reasonably assume that he refers to a defining feature of imperialism, namely the plunder of living labour and natural wealth in colonies and semi-colonies by […]
On Reality Asserts Itself, Prof. Leo Panitch says it’s a dilemma that the gradualism of European social-democracy and attempts at a more radical transformation have so far both failed; Panitch says a first step towards democratizing the economy is to make finance a public utility – with host Paul Jay
In a slave society, one can argue, the interest of the slaves lies in keeping the slave owner happy, for otherwise he is likely to flog and whip them mercilessly which would cause them great agony. Likewise in a caste society, one can argue, the interest of the Dalit lies in being as inconspicuous as […]
Credit is essential for the continuation of capitalism but also a major source of its instability, writes the Marx Memorial Library.
PUERTO RICANS marked six months today since the formation of Hurricane Maria, which devastated the island, causing about $100 billion (£72bn) in damage.
The dystopia of the American healthcare system certainly invites a utopian response—a ruthless criticism as well as a vision of an alternative.
The main theorist of dependency anticipated trends of neoliberal globalization. He analyzed productive globalization, the centrality of exploitation and the relative weight of surplus value transfers. But the employment crisis exceeds what was envisaged by Marini, in a scenario disrupted by the mutation of the United States, the collapse of the USSR and the rise […]
The crisis is not merely geopolitical. It is human. 75 million people live in the peninsula. This is about their lives and futures.
Capitalism has been the subject of too many conflicting definitions for any of the claims that follow to have any purchase on truth — understood as an adequation to the real. Beneath the numerous disagreements, however, a common substratum can be gleaned between the liberal Smithian, and the classical Marxist and Weberian positions: capitalism is […]
The following post is the third instalment of the multi-part review of David Willetts’ ‘A University Life’, you can find here the Introduction; Part 1 and Part 2. Parts 3 and 4 take a slightly different approach, diving deeper into the fundamental principles of marketisation, which centre on the conversion of qualitative experience and practice […]
For those who may have missed it, a major economic indicator emerged regarding student loan debt last week. Excessive debt, like student loans, has become one of the biggest barriers to current economic growth in the United States. On Thursday, March 1, 2018, the Chairman of the Federal Reserve, Jerome Powell, appeared before U.S. Congressional […]
I’ve written quite a bit about the U.S. healthcare dystopia over the years—including a seven-part series back in 2016.* But I haven’t yet addressed the utopian dimensions of healthcare reform.
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