Subjects Archives: Political Economy

Right now, the United States is mired in an economic depression, the Pandemic Depression, not dissimilar to what happened in the 1930s and again after the crash of 2007-08.

Aggression against Venezuela from the U.S. has intensified in recent weeks and all signs are pointing towards an escalation ahead of elections in the U.S. and Venezuela.

Organizer for economic justice and scholar of law, race, and money, Raúl Carrillo, joins Money on the Left to explore the promise of the public money framework for advancing antiracist, anti-imperialist, and democratic politics across the world. We discuss how the public money or MMT perspective shapes his work as an attorney fighting against predatory […]

Class struggle in Colombia will escalate as the hopes of the peace deal are continuously shattered by the blood and gore of political killings. Without any material policies, the guarantees of the Peace Agreement have turned out to be hollow.

The COVID-19 pandemic showed, more than anything, the deep interconnectedness and mutual dependence of different sectors, areas of life, and countries and regions within the global capitalist system.

With over 100,000 people displaced by wildfires raging across California, Baupost Group collected more than $3 billion in July after betting on insurance claims against embattled utility company PG&E.

2019 was a very good year for the world’s wealthiest individuals. The normal workings of global capitalism created both more billionaires and more combined wealth owned by those billionaires.

Post-Civil War arrangements by which the victorious North settled with the defeated slavocracy ensured that many Black people would not matter much and that some would die. A thousand or so were murdered in the South in 1866, reports W.E. B Du Bois.

The “Information Has Value” frame provides a welcome opening to discuss information capitalism, including the commodification of information, information labor, concentration of ownership, and audience data extraction/surveillance.

New figures from the Institute for Policy Studies show that, despite a pandemic that has stunted the economy for months, America’s billionaire class is becoming richer than ever, adding nearly $700 billion to their fortune since the nationwide lockdown in March.

Mary Filippo began in 2004 to audit economics classes in the hope that she could “learn something about globalization. Does it really help people in developing countries? What are its downsides?” She did not learn these things.

The phrase, which was used in the early nineteenth century to describe the the spoils system of appointing government workers, accurately describes the American economy today.* And it’s pretty clear who the victor is, and it’s not the working-class. Instead, a small group at the top have come out as the victor—and that’s been true […]

The centrality of race in the devilment of capitalism continues to be resisted by “the sort of hardline, orthodox folks who only look at class, alongside the sort of liberals and so-called racial multiculturals who have the misconception that race no longer matters,” said Charisse Burden-Stelly, professor of Africana Studies and Political Science at Carleton College.

First, a lot of it is simply wrong: that is, it is misleading about how economies work and the implications of economic policies and processes. For decades now, a significant and powerful lobby within the discipline has peddled half-truths and absolute falsehoods on many critical issues.

To imagine that a country as structurally classist as Kuwait could have ever succeeded in fighting a pandemic that was born from exploitation and thrives on inequality is the kind of naivety one dreams of achieving, so comforting must it be.

An article by President Xi Jinping on opening new horizons of the Marxist political economy in contemporary China will be published Sunday.

An Apology Letter to Future Generations. Sorry.

The book complicates the common narrative that Marx was the quintessential critic of liberal rights. Shoikhedbrod’s close and careful reading of Marx’s texts is insightful and targeted. The book helps readers to think about the role of law and rights under capitalism, and also to imagine its future in a communist society.

Nothing happens in Beirut and Lebanon that is transparent; plots of all kinds unravel against the ordinary hopes of the population.

The Anti-Money Laundering Act would expose the owners of shell companies now sits alone on a shelf in the U.S. Senate while the Federal Reserve shrugs its shoulders in the face of blatant manipulation by the too-big-to-fail banks.