Subjects Archives: Political Economy

Far from being a sign of the U.S. government softening its economic and financial siege on Cuba and contributing to help Cuba’s private sector, this new policy attempts to destroy the core of the ideological makeup of Cuban socialism.

Developing country governments are being blamed for irresponsibly borrowing too much. The resulting debt stress has blocked investments and growth in this unequal and unfair world economic order.

Addressing climate change requires a comprehensive, equitable, and pragmatic approach that prioritizes substantial emissions reductions and supports vulnerable populations most affected by global heating.

The Russian economy has overtaken Japan to become the fourth largest in the world in PPP terms (purchase power parity), according to revised data from the World Bank released at the start of June. As bne IntelliNews reported in August, Russia had already overtook Germany to become the fifth biggest economy in adjusted terms. Hit by multiple shocks […]

Once again the mainstream press is touting a “blowout” jobs report.

As there can only be one price standard in any functioning economic system the transition from one price standard to another cannot take place gradually, or in a mixed way, but must take place sharply, and therefore completely in a very short time frame.

Capitalist crises cannot only be measured by its catastrophic effects on society, but also by the reception of their most staunchest critique: Karl Marx’s Capital.

THERE has been a significant diffusion of production occurring in the world economy. Many call this phenomenon a shift from a U.S.-led world economy to a “multipolar world economy”, but no matter what one thinks of this description, the fact of diffusion is indubitable.

The Deep State should have been alert five years ago when Candidate Joe Biden announced that he, if elected as president, was determined to make the Saudi rulers “pay the price, and make them in fact the pariah that they are.”

In 2024, 64 countries and the EU will hold elections. Amid the corrupting influence of money, power, and corrosive discourse, the search for a genuine democratic spirit continues.

The movement for Palestine in the U.S. has mobilized hundreds of thousands of people to oppose the U.S. policy of unshakable support for Israel. Last Saturday, 100,000 surrounded the White House as part of the “people’s red line” against genocide.

The report of the death of China’s Belt and Road Initiative [BRI] was an exaggeration, after all.

As more people consume more energy, our society moves collectively further away from mitigating climate catastrophe.

A distinction is drawn in economics between demand-constrained systems and resource-constrained systems (which for simplicity and symmetry we shall call supply-constrained systems).

Marx studied UK manufacturing industries, at that time the most representative of world capitalist development, unveiling the general law of the development of capitalist societies more than 150 years ago.

According to Western politicians and neoliberal economists, China’s industrial subsidies and production capacity are to blame for the U.S.’s trade deficit and its apparent inability to reindustrialise its economy.

Freeing ourselves from the monster destroying our planet and our futures.

Within the United States, homelessness has become a permanent feature of the capitalist system, and around 650,000 U.S. residents sleep on the streets on any given night.

Andrew J. Douglas, political theorist and professor of political science at Morehouse College, joins Money on the Left to discuss his latest article, “Modern Money and the Black University Concept,” published April 19, 2024, in Money on the Left: History, Theory, Practice. 

We are on the possible verge of a major escalation in the war in the Ukraine, one which risks war between NATO and Russia, and one involving nuclear weapons, argues Chris Bambery.