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Indigenous solutions to California’s capitalist conflagrations
Colonial timber management and capitalist land use has produced the wildfire crisis we see today. Prescribed Indigenous burning is a viable preventative solution to high severity wildfire but its success hinges on the fight by Indigenous socialists and grassroots organizers for Tribal sovereignty, land restitution, and the creation of a new prescribed fire workforce.
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Paradise for human victims of corporate persons
Any day now, Zambia will be the first African country to slip into a private debt default. It can only pay interest on the $3 billion in dollar-denominated bonds if it totally ignores the needs of the Zambian people.
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Marx, Engels and metabolic rift – Part Two
The development in 1909, by the German chemists Fritz Haber and Carl Bosch of a technique for taking Nitrogen out of the atmosphere to produce ammonia (NH3) allowed for the production of synthetic fertilisers (and explosives) on an industrial scale.
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Capitalism, slavery, and economic white supremacy
What is at stake when we talk about the economics of North American slavery? Over the last 75+ years it has been whether capitalism superseded slavery or whether capitalism and slavery were co-constituted, capitalism to some extent relying on slavery.
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Competing with Nature: COVID-19 as a capitalist virus
He’s turned it into a political propaganda unit to the point that it is unable to deal even with a major outbreak within our own borders. The U.S. is beginning to exhibit the features of a failed nation state.
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Engagement for environment
ALL conscious citizens know the state of the Bangladesh environment. Bangladesh’s courts of law regularly rule in favour of the environment.
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COVID-19 economic crisis snapshot
Workers in the United States are in the midst of a punishing COVID-19 economic crisis.
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Chart of the day
U.S. billionaires have recouped all of their wealth—and more—during the Pandemic Depression. Meanwhile, since May, the number of poor Americans has grown by about 8 million.
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Mainstream economics then: classical political economy
Marxian economists have been quite critical of contemporary mainstream economics. As we saw in Chapter 1, and will continue to explore in the remainder of this book, Marxian economists have challenged the general approach as well as all of the major conclusions of both neoclassical and Keynesian economics.
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The political economy of intellectual property
The dramatic expansion of intellectual property rights represents a new stage in commodification that threatens to make virtually everything bad about capitalism even worse.
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Venezuela’s ability to fight COVID-19 is badly hamstrung by the 31 metric tons of gold stolen from its treasury
On October 5, 2020, the England and Wales Court of Appeal overturned a lower court decision from July that denied the Venezuelan government access to 31 metric tons of its gold stored in the Bank of London.
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Exposing Trump’s deadly sanctions on Venezuela
KEN LIVINGSTONE looks in-depth at the story of U.S. sanctions on Venezuela.
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Limits of mainstream economics today
Keynes’s criticisms of neoclassical economics set off a wide-ranging debate that came to define the terms of—and, ultimately, the limits of debate within—mainstream economics.
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Amidst pandemic, while billions struggle for survival, billionaires’ wealth tops $10 trillion
Billionaires are “smart” enough. Their wealth now, in this pandemic, tops trillions of dollars.
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It’s all work and no pay for most women in India
The NSSO’s time use survey reveals striking facts about how men and women in India spend their time very differently, with women hugely burdened by unpaid work
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Marxism and intersectionality
Ashley Bohrer has provided this important piece of scholarship with her new book, Marxism and Intersectionality: Race, Gender, Class and Sexuality under Contemporary Capitalism.
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Mainstream economics today: Keynesian
Once it was created as a new theory of capitalism, neoclassical economics expanded its influence—in its original countries as well as elsewhere.
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Performative economics
The relation between economic theories and economic systems is even more dynamic. The various economic theories of capitalism are not just different ways of making sense of that particular economic system. They emerge, develop, and change over time as capitalism itself changes—and, in turn, they have effects back on capitalism.
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When confronted by us hungry bellies, the imperialists reach for their guns
The United States government was furious about the ‘irresponsible extravagances’ in Nkrumah’s book and decided to punish him by refusing to allow $300 million in short-term aid to cover the costs of importing food.
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“Quad” alliance holds summit as U.S. pushes for more aggression vs. China
Secretary of State Mike Pompeo was in Japan today to attend a high-profile summit of top diplomats from the countries involved in the “Indo-Pacific Quad.”