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Subjects Archives: Political Economy

International Monetary Fund

The sorry state of the US economy

Although reluctant to say it, a recent IMF report on the state of U.S. economy makes clear that U.S. policy makers have failed to protect majority living conditions. While the IMF generally pulls no punches in criticizing the policies of most member governments if it determines that they threaten to slow capitalist globalization dynamics, it […]

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Berlin Bulletin by Victor Grossman

Fire and riddles at Hamburg

I wonder whether those so horrified today were sickened then at US attacks on others’ sovereignty. There has been lots of masquerading, I think, by disguised provocateurs or indignant sovereignty defenders. Their threats against even hesitant moves toward dialogue, disarmament, de-escalation in the world’s charged atmosphere are what truly sicken me—and frighten me!

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Ce que tout écologiste doit savoir à propos du capitalisme (What every environmentalist needs to know about capitalism)

The earth shall rise on new foundations

The United States is sometimes viewed as the most extreme capitalist society on earth. The decision of the newly elected Trump administration to withdraw from the Paris Climate Agreement would seem to affirm such a judgment. It highlights the fact that while capitalism cannot solve the environmental problem, a more extreme capitalist society can, if […]

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Venezuela: ‘our revolutionary democratic experience is at stake’

Venezuela: ‘our revolutionary democratic experience is at stake’

Revolutionary activist and sociologist Reinaldo Iturriza has spent many years working with popular movements in Venezuela and writing on the rise of Chavismo as a political movement of the poor. He also served as Minister for the Communes and Social Movements, and then Minister for Culture in President Nicolas Maduro’s cabinet between 2013 and 2016.

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Union Busting Cartoon

Ransacking the public sector

Almost 50% of union members in the United States today work in the public sector. By necessity, they will have to play a major role in the rebuilding of organized labor. But like private sector unions before them, government employee unions face circumstances threatening their very existence.

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Class Ceiling

The shifting politics of inequality and the class ceiling

Britain’s class landscape has changed: it is more polarised at the extremes and messier in the middle. The distinction between middle and working class is less clear-cut. The elite is able to set political agendas and entrench their own privilege. The left needs a clear narrative showing how privilege leads to gross unfairness—and effective policies […]

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Berlin Bulletin by Victor Grossman

Big shots in Hamburg

Years ago the 35th US president made a speech in Germany, four words of which, in American-accented German, remain famous: “Ich bin ein Berliner!”—“I am a Berliner!” That was John F. Kennedy. Will the 45th president, soon to visit Germany’s second city, emulate him and tweet “I am a Hamburger! Wow!”

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Illustration of Stagnation

Secular Stagnation

The fundamental changes I would advocate are those that would: dramatically boost worker power; secure a progressive and growing funding base for a needed expansion of public housing and infrastructure and public spending on health care, education, and transportation; and end the production and use of fossil fuels and significantly reduce greenhouse emissions.

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President Donald Trump signing the new Cuba policy

US Cuba policy has been hijacked by Cuban-Americans

US policy toward Cuba (Trump reverses Obama’s Cuba deal, limiting travel and trade, 17 June) has been hijacked by a clique of Cuban-American politicians, who have sold their support in Congress to President Donald Trump. Above all, these individuals – and Trump – have demonstrated the corrupt and clientelist nature of the US political system. […]

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W. E. B. Du Bois mural in Philadelphia, 2011. Photograph by Laurenellen McCann / Flickr

W. E. B. Du Bois’s revolutions

“Capitalism cannot reform itself; it is doomed to self-destruction. No universal selfishness can bring social good to all. Communism—the effort to give all men what they need and to ask of each the best they can contribute—this is the only way of human life.” With this sober stroke of his insurgent pen, the 93-year-old scholar […]

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factory-girls

Our duty to win

Organizing a strategy that is likely to win is no easy task. After all, the enemies of the working class are more powerful today than ever before; they have control over the military, the media, the courts, the politicians, and even the unions. The fight against the patriarchal capitalist system, therefore, must be strategic to […]

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Toilet paper money roll

The U.S. is where the rich are the richest

In the U.S., where wealth is most highly concentrated, almost a quarter of income goes to the rich. So it should come as no surprise that a big chunk of the world’s richest call America home. Two out of five millionaires and billionaires live there, and their ranks are growing fast.

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Over 170 years after Engels, Britain is still a country that murders its poor

Over 170 years after Engels, Britain is still a country that murders its poor

Spending cuts, deregulation, outsourcing: between them they have turned a state supposedly there to protect and support citizens into a machine to make money for the rich while punishing the poor. It’s never described like that, of course. Class warfare is passed off as book-keeping. Accountability is tossed aside for “commercial confidentiality”, while profiteering is […]

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French Election Posters

The 2017 French Elections: A Grim Farce

The experience of the last three decades has clearly demonstrated that social struggles in and of themselves are not sufficient to stop the drift to the right and re-establish a dynamic of social advances. That requires going beyond defensive strategies and creating a positive alternative project that is authentically social and democratic.

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