Subjects Archives: Political Economy

Multimillionaires around the world have benefited from the inflation year 2023, while the German super-rich alone increased their wealth by 10 percent to more than €2.1 trillion.

To say capitalism kills is not hyperbole: it is simply incompatible with continuing life on Earth.

The fight to defend public services is as important as the struggle over wages, but presents different challenges to workplace organising — especially with regards to bourgeois propaganda and conditioning, writes the MARX MEMORIAL LIBRARY.

There are roughly four proximate features of capitalist poverty.

CEOs state outright that profit must come first, even as this year’s deadly heat waves providing worrying evidence of the rising climate emergency, reports John Clarke.

Money on the Left is joined by Dr. Chris Martin to discuss Modern Monetary Theory’s vital importance for the struggle to provide adequate housing for all. A Senior Research Fellow at the City Futures Research Centre at the University of New South Wales, Martin is a long-time tenant’s rights advocate in Australia with scholarly training in law and heterodox political economy. We speak with Martin about this report and its reception in Australian housing policy debates. We also ruminate about what housing-for-all movements in Australia, the US, and across the world stand to learn from each other. 

South Africa is in the throes of a deepening political and social crisis.

CounterSpin interview with Kennedy Smith on dollar store invasion

Far from being a sign of the U.S. government softening its economic and financial siege on Cuba and contributing to help Cuba’s private sector, this new policy attempts to destroy the core of the ideological makeup of Cuban socialism.

Developing country governments are being blamed for irresponsibly borrowing too much. The resulting debt stress has blocked investments and growth in this unequal and unfair world economic order.

Addressing climate change requires a comprehensive, equitable, and pragmatic approach that prioritizes substantial emissions reductions and supports vulnerable populations most affected by global heating.

The Russian economy has overtaken Japan to become the fourth largest in the world in PPP terms (purchase power parity), according to revised data from the World Bank released at the start of June. As bne IntelliNews reported in August, Russia had already overtook Germany to become the fifth biggest economy in adjusted terms. Hit by multiple shocks […]

Once again the mainstream press is touting a “blowout” jobs report.

As there can only be one price standard in any functioning economic system the transition from one price standard to another cannot take place gradually, or in a mixed way, but must take place sharply, and therefore completely in a very short time frame.

Capitalist crises cannot only be measured by its catastrophic effects on society, but also by the reception of their most staunchest critique: Karl Marx’s Capital.

THERE has been a significant diffusion of production occurring in the world economy. Many call this phenomenon a shift from a U.S.-led world economy to a “multipolar world economy”, but no matter what one thinks of this description, the fact of diffusion is indubitable.

The Deep State should have been alert five years ago when Candidate Joe Biden announced that he, if elected as president, was determined to make the Saudi rulers “pay the price, and make them in fact the pariah that they are.”

In 2024, 64 countries and the EU will hold elections. Amid the corrupting influence of money, power, and corrosive discourse, the search for a genuine democratic spirit continues.

The movement for Palestine in the U.S. has mobilized hundreds of thousands of people to oppose the U.S. policy of unshakable support for Israel. Last Saturday, 100,000 surrounded the White House as part of the “people’s red line” against genocide.

The report of the death of China’s Belt and Road Initiative [BRI] was an exaggeration, after all.