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Review: ‘The Case for a Job Guarantee’ by Pavlina R. Tcherneva
Pavlina Tcherneva, a Professor of Economics at Bard College and a Research Scholar at the Levy Institute, has written a concisely, argued case for a federal job guarantee within the context of a Green New Deal.
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World Bank enables private capture of profits, public resources
The World Bank insists private finance is needed for economic recovery and the Sustainable Development Goals but does little to ensure profit-hungry commercial finance serves the public interest.
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Russia and China no longer using dollar in trade, claims Russian PM Mishustin
Western currencies have almost been completely phased out in Russia-China trade, as nearly all payments between the countries are now carried out in rubles and yuan, according to Russian Prime Minister Mikhail Mishustin.
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Capitalist contradictions and revolutionary struggle: An introduction
Hearing or reading about the “contradictions of capitalism” in an article or at a rally might be intimidating, like a foreign language or a term only a certain group can understand.
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Transnational corporations provoke a single scream of horror that runs through the vertebrae of the world: The Fifty-First Newsletter (2023)
Within the United Nations, there is a little-known debate about the status of global tax regulation.
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Gas, Gaza, and Western imperialism
Control of Mediterranean gas fields is not the reason for the current attack on Gaza, but the theft of Palestine’s natural resources has long been a goal of the Zionist settler-colonial project and its Western sponsors.
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Running the Red Gauntlet–Russia is negotiating with the Houthis for Red Sea passage of oil cargoes defying U.S./EU sanction
Russia is negotiating with the Houthis of Yemen to protect Russian oil cargoes moving through the Red Sea for delivery to India and China, the principal destinations of Russian oil currently traversing the waterway, the Bab el-Mandeb Strait, and the Gulf of Aden.
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The vacuity of the free trade argument
The fact that unrestricted trade creates domestic unemployment is quite obvious, and should be especially obvious to third world people who have had the historical experience of deindustrialisation during colonial rule.
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“Feed the people, eat the rich!”: Group wearing Jeff Bezos masks ransacks Whole Foods
On Friday, December 15th, “a “merry band of miscreants” entered a Whole Foods in NYC, lifted a bunch of groceries, and walked out in Jeff Bezos masks,” reported independent journalist Talia Jane on Twitter/X.
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When economists shut off your water
Access to water in Nairobi is horribly unequal. The World Bank, Nairobi Water Company, and development economists exploited this unjust context to treat poor Kenyans like guinea pigs.
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Neo-Liberal falsehoods
The basic theme is to suggest that under neo-liberalism there has been such an acceleration of the growth rate of Gross Domestic Product that the people as a whole have become much better off, and vast masses of them have been lifted out of poverty (one particular enthusiast has even claimed that poverty now afflicts only 2 per cent of the population).
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Stuttering economy betrays ever-present crisis in capitalism
WHEN an economy shrinks, as did the British economy last month, it triggers an alarm bell to all those who live not by their labour but by ours.
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Kenya – a loyal lieutenant of imperialism
On the 60th anniversary of Kenya’s independence, Gathanga Ndung’u writes that the country has spent decades as the loyal servant of imperialism. The country may have express highways, a busy international airport, a modern railway, and an emerging silicone savannah, but in reality, Kenya seeks only to endear itself to world leaders and potential investors through well-packaged imaginaries of the present and the future. Ndung’u lists some of Kenya’s extensive betrayals – not least support for Israel and the abandonment of Palestinians.
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The ‘brain drain’ is a symptom of how capitalism has failed the healthcare sector
Every year, thousands of healthcare workers leave South Africa, in order to chase better opportunities, as wealthier countries exploit desperate working conditions faced by them. This brain drain is a direct result of neoliberal policies, especially austerity.
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‘Moral insanity’: Biden admin bypasses Congress to rush tank shells to Israel
“Rushing deadly weapons to the far-right and openly genocidal Israeli government without congressional review robs American voters of their voice in Congress,” said one critic.
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The Transit Equity Movement wins their biggest Zero Fare victory yet
A racial justice-focused community organizing group led the charge for Albuquerque’s free bus fare policy.
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‘Pharmanomics: How Big Pharma Destroys Global Health’ – book review
Pharmanomics is an important book that shows how Big Pharma’s profit seeking damages health care globally, but the solution lies outside the current system, argues John Clarke
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Jeremy Corbyn: ‘Look at Gaza—our political class only pays lip service to human rights’
Today marks 75 years of the Universal Declaration of Human Rights. But, as Gaza shows, it is being buried under the rubble along with the human beings whose rights it was written to protect, writes Jeremy Corbyn.
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Pitfalls of export-led growth
THE wisdom of pursuing a strategy of export-led growth has been discussed among development economists for at least half a century, ever since the so-called East Asian “miracle” started to be contrasted with the comparatively sluggish growth experience of countries like India that were pursuing, in the World Bank’s language, an “inward looking” development strategy.
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Doctors in Italy strike against proposed pension cuts
Some 85 percent of staff of the National Health Service and private medical facilities stayed away from work.