Subjects Archives: Political Economy

The labour relations on South African farms continue to maintain race, gender, and class inequalities as a central character of work and life.

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.

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.

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.

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.

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.

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. 

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.

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.

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. 

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.

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.

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.

Communard Robert Longa defended an industrialization process that counters capitalist logic.

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.

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.

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.

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.

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.

One million people in the United States have died of COVID-19. Coronavirus was written on their death certificates as the cause.