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When economists shut off your water
Access to water in Nairobi is horribly unequal. The World Bank, Nairobi Water Company, and development economists exploited this unjust context to treat poor Kenyans like guinea pigs.
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Neo-Liberal falsehoods
The basic theme is to suggest that under neo-liberalism there has been such an acceleration of the growth rate of Gross Domestic Product that the people as a whole have become much better off, and vast masses of them have been lifted out of poverty (one particular enthusiast has even claimed that poverty now afflicts only 2 per cent of the population).
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Stuttering economy betrays ever-present crisis in capitalism
WHEN an economy shrinks, as did the British economy last month, it triggers an alarm bell to all those who live not by their labour but by ours.
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Kenya – a loyal lieutenant of imperialism
On the 60th anniversary of Kenya’s independence, Gathanga Ndung’u writes that the country has spent decades as the loyal servant of imperialism. The country may have express highways, a busy international airport, a modern railway, and an emerging silicone savannah, but in reality, Kenya seeks only to endear itself to world leaders and potential investors through well-packaged imaginaries of the present and the future. Ndung’u lists some of Kenya’s extensive betrayals – not least support for Israel and the abandonment of Palestinians.
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The ‘brain drain’ is a symptom of how capitalism has failed the healthcare sector
Every year, thousands of healthcare workers leave South Africa, in order to chase better opportunities, as wealthier countries exploit desperate working conditions faced by them. This brain drain is a direct result of neoliberal policies, especially austerity.
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‘Moral insanity’: Biden admin bypasses Congress to rush tank shells to Israel
“Rushing deadly weapons to the far-right and openly genocidal Israeli government without congressional review robs American voters of their voice in Congress,” said one critic.
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The Transit Equity Movement wins their biggest Zero Fare victory yet
A racial justice-focused community organizing group led the charge for Albuquerque’s free bus fare policy.
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‘Pharmanomics: How Big Pharma Destroys Global Health’ – book review
Pharmanomics is an important book that shows how Big Pharma’s profit seeking damages health care globally, but the solution lies outside the current system, argues John Clarke
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Jeremy Corbyn: ‘Look at Gaza—our political class only pays lip service to human rights’
Today marks 75 years of the Universal Declaration of Human Rights. But, as Gaza shows, it is being buried under the rubble along with the human beings whose rights it was written to protect, writes Jeremy Corbyn.
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Pitfalls of export-led growth
THE wisdom of pursuing a strategy of export-led growth has been discussed among development economists for at least half a century, ever since the so-called East Asian “miracle” started to be contrasted with the comparatively sluggish growth experience of countries like India that were pursuing, in the World Bank’s language, an “inward looking” development strategy.
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Doctors in Italy strike against proposed pension cuts
Some 85 percent of staff of the National Health Service and private medical facilities stayed away from work.
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Tel Aviv’s man in Washington
In a city awash in foreign interests, dual citizens, and intersecting and at times conflicting loyalties, sometimes the most egregious examples are hiding in plain sight.
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Teaching Economics with Benjamin Wilson
We are joined again by Benjamin Wilson to discuss what it is like to teach Economics from a heterodox Modern Monetary Theory perspective in 2023. In previous episodes, we have chatted with Wilson about his research, the Uni Currency project, and his innovative work experimenting with classroom currencies. Our conversation this time explores the potentials and dangers of using neoclassical textbooks in the heterodox classroom; the utility of classroom currencies for Econ classes of all levels; the place of narrative in neoclassical and heterodox theory; and so much more.
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Cuba’s economists committed to Che’s example
On the eve of Economist’s Day, it is important to review some aspects of Che’s core ideas on the Political Economy of Socialism and especially when for some the solution to current problems is to completely free the market and reduce the role of the State in the economy.
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How popular are post-growth and post-capitalist ideas? Some recent data
Here is a list of studies, surveys and polling results that shed some light on popular perceptions of post-growth and post-capitalist ideas.
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Argentina: Milei’s triumph was a neatly planned media construction
CA: “How could Milei’s triumph, geopolitically speaking, affect the Region?”
AB: “First of all, it will harm Argentina, because, in line with Washington’s demands, it will turn this country into a battering ram to reduce China’s presence in the Region, even at the cost of harming Argentina’s national interests, its exporting sectors and the labor force linked to them.” -
German Constitutional Court rules climate change fund is unconstitutional—A signal for further social cuts
Germany’s Federal Constitutional Court’s ruling on the federal government’s Climate Change Fund is not a legal, but a political decision. It reduces the previously agreed budget by €60 billion in one fell swoop and is a signal for further social spending cuts.
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Working more, making less: Life under “Bidenomics”
Political commentators aligned with the Democratic Party are expressing growing frustration about this “disconnect.”
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The utter absurdity of BJP Govt’s take on unemployment
While handing over tax concessions to capitalists to ‘promote employment’, the Centre is not spending to fill the large number of government vacancies, or on MGNREGS.
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Israel-Palestine war: Activists block Boeing facility supplying bombs to Israel
Company expedited the shipment of 1,000 precision-guided munitions to Israel.