Subjects Archives: Political Economy

A gas mogul’s case against Beto O’Rourke could deter candidates from ever talking about money in politics.

Following the UNGA resolution, Israel announced withholding of USD 39 million of Palestinian money, which is likely to cause further suffering and impact basic services delivery in the occupied territories.

Under the Modi government, India’s ruling classes have joined the ruling classes of the rest of the world in intensifying exploitation and earning super profits.

According to preliminary estimates of the Bank of Russia, in January-September 2022, it strengthened to $198.4 billion, which is $123.1 billion more than in the same period last year. This surplus was taken out of the country (at the same time, half went to pay off the external debts of Russian companies with their replacement by domestic ruble lending) and is reflected in the balance of payments item “net capital outflow”.

Jayati Ghosh warns against historically disastrous approaches to the sovereign-debt crisis hitting low- and middle-income countries.

The public sector in the U.S. has been shrinking rapidly since the 1990s as a deluge of privatization has, to various degrees, overtaken many so-called public services and institutions.

It is not uncommon to see U.S. citizens point to Denmark as a socialist alternative. And yet, just like in the United States, capital accumulation is the guiding principle in Danish society.

According to the newspaper Jeju Today, the Yoon government is claiming that screening the North Korean film The Story of Our Home, shown in South Korea in February 2019 as part of a national reunification festival, violated SK National Security Law.  It is now investigating the organizers of the film screening three years later.

According to a new report published by Oxfam, the richest 1 percent grabbed nearly two-thirds of all new wealth worth $42 trillion created since 2020, almost twice as much money as the bottom 99 percent of the world’s population, reveals a new Oxfam report today. During the past decade, the richest 1 percent had captured around half of all new wealth.

On January 12, Cuba took the presidency of the G77+China for the first time in history after being elected in September 2022 during the 77th Session of the United Nations General Assembly (UNGA).

In this reprint of the February 1994 “Notes from the Editors,” former MR editors Harry Magdoff and Paul M. Sweezy ask: “The United States could not have won a more decisive victory in the Cold War. Why, then, does it continue to act as though the Cold War is still on?”

One of the most prominent intellectuals in the contemporary world was named to the list of the “Top 100 Global Thinkers” in Foreign Policy magazine in 2012. He shares this distinction with the likes of Dick Cheney, Recep Tayyip Erdoğan, Benjamin Netanyahu, and former Mossad director Meir Dagan.

The IMF managing director Kristalina Georgieva has now openly admitted that the year 2023 will witness the slowing down of the world economy to a point where as much as one-third of it will see an actual contraction in gross domestic product.

Adopted in October 2022 at the Museum of Black Civilizations, Dakar, Senegal.

The Macron-led government is making a new bid to push controversial pension reforms, calling to increase the retirement age from 62 to 64.

“Your money is not charity, it’s an investment.” That’s what Ukrainian President Volodymyr Zelensky said in his address to the U.S. Congress while visiting Washington on Dec. 21.

As a rainbow of social movements in Peru prepare for a general strike starting on 4 January the country is polarised between party politicians’ intrigues and action of the masses on the streets. 

In the spring of 1860, wealthy businessman Timothy Meaher made a bet that he could illegally kidnap and ship Africans from Africa to Mobile, Alabama, without being detected by federal officials.

The military’s deep penetration into all aspects of American life has hampered the development of a strong anti-war movement—at a time when it is desperately needed.

Marx’s theory that capitalism created a “metabolic rift” between human society and nature has re-emerged as an indispensable tool for understanding the climate crisis we face today.