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Dossier no. 53: This land is the land of our ancestors
The labour relations on South African farms continue to maintain race, gender, and class inequalities as a central character of work and life.
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Ralph Gonsalves: “Latin-Caribbean integration is necessary, but it has been discontinuous”
The small island countries of CARICOM have given a demonstration of dignity and sovereignty, maintaining firm positions on the U.S. interference policy against Cuba, Nicaragua and Venezuela.
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Cryptocurrencies must die
Bitcoin had gone from around USD 4,000 to USD 64,000, a sixteen fold increase, in 20 months. Other cryptocurrencies had even more ridiculous price increases in the same time period – Ethereum had a 50 fold increase, Solana 500 times, and LUNA had a 1,000 times increase. Now, these cryptocurrencies are crashing down.
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A second left-wing progressive wave is emerging in Latin America
The 9th Summit of the Americas, scheduled to take place in Los Angeles in June, remains uncertain. Since the Biden administration has not invited the leaders of Cuba, Nicaragua, and Venezuela on the grounds of “democracy issues”, the leaders of Cuba, Bolivia, Mexico, Argentina, and other countries have expressed the possibility of refusing to participate.
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‘Let the capitalists know that their properties will be trashed’ – an interview with Andreas Malm
In a wide-ranging discussion with ROAPE’s Peter Dwyer, Andreas Malm engages with African political economy, the climate emergency, anti-capitalist alternatives to development and the radical thought and politics of Frantz Fanon and Walter Rodney. Colin Stoneman introduces ROAPE readers to Malm’s work and politics.
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Neo-liberalism and anti-inflationary policy
Central banks all over the capitalist world are raising, or are about to raise, interest rates as a means of countering the currently rampant inflation, which is certain to push a world economy that is barely recovering from the effect of the pandemic, back towards stagnation and greater unemployment.
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Marcos Jr. Presidency: A long view
For three decades, contemporary public discourse on the Philippines has been marked by reference to a period called the “post-Marcos era.” Weeks after a high-stakes national election, that widely-accepted historical marker is suddenly obsolete.
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African Liberation Day 2022: Smash neo-colonialism!
The age of classical colonialism in Africa changed the course of history. Exploited trade agreements and pseudo alliances between African nobility and European merchants led to heightened warfare, looting, and genocide across the continent.
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Crisis of Sri Lankan capitalism provokes a popular uprising
Since early April, Sri Lanka has been engulfed by a wave of mass protests demanding the resignation of President Gotabaya Rajapaksa. Thousands of workers and students have mobilised in the most significant mass movement in 30 years.
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Municipal Money After Crypto: Austin Edition
Mike Siegel and Mike Lewis join Money on the Left to discuss municipal currency politics. The conversation focuses, in particular, on our guests’ recent success in Austin, Texas, where they helped critically rewrite anti-public and anti-environmental crypto legislation to open fresh possibilities for public banking and payments that support local communities and ecologies.
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Report card on a failing economic system
On Friday, May 6, the Federal Reserve released data showing that consumer credit (debt) has been accelerating since the fourth quarter of last year, with revolving credit (largely credit card debt) speeding up at an even greater pace since the third quarter of 2021.
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Reflections on the Sri Lankan economic crisis
The American establishment and the new cold-warriors of that country put the blame on the Sri Lankan government’s developing close economic relations with China (and we shall no doubt hear much more of it in the coming days); others blame the sheer “irresponsibility” of the government which is accused of “sleeping” when Sri Lanka’s external debt was building up.
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The Oligarchs play their cards–that’s the loyalty card, the get out of jail free card, the rewards redemption card
The Russian regime-change theory motivating U.S. sanctions against the Russian oligarchs is that they will trigger a palace coup in which the oligarchs will arrange a bullet for President Vladimir Putin’s head, and in return the U.S. will give them back the keys to their yachts, mansions, and offshore bank accounts.
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Maduro orders asset transfers as grassroots groups look to boost production
Communard Robert Longa defended an industrialization process that counters capitalist logic.
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Tendency towards the emergence of an “international” middle class
The chancellor of the exchequer of Britain, whose official residence is only next door to the British prime minister’s, is Rishi Sunak, a person of Indian origin. Britain’s home secretary is Priti Patel, also of Indian origin.
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Retired U.S. general calls for “coalition of the willing” for naval conflict with Russia
This massive escalation by the U.S. and NATO is being billed as a “coalition of the willing,” echoing the words used by the Bush administration to describe the 2003 invasion of Iraq.
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U.S. Federal Reserve says its goal is ‘to get wages down’
U.S. Federal Reserve chairman Jerome Powell said his goal is “to get wages down,” complaining workers have too much power in the labor market. Economist Michael Hudson says this is “junk economics,” and corporate monopolies are driving inflation, not wages.
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Fighting inflation excuse for class warfare
SYDNEY and KUALA LUMPUR. A class war is being waged in the name of fighting inflation. All too many central bankers are raising interest rates at the expense of working people’s families, supposedly to check price increases.
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Global military spending reaches record high
World military spending has passed U.S.$2 trillion for the first time, according to new data published by the Stockholm International Peace Research Institute (SIPRI). Last year was the seventh consecutive year that world military spending increased; total expenditure has almost doubled this century.
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One million people killed by capitalism
One million people in the United States have died of COVID-19. Coronavirus was written on their death certificates as the cause.