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Subjects Archives: Political Economy

Debarshi Das

Homo Economicus vs. Aam Aadmi: Crisis of Democracy

  During the twentieth century, there were two major shifts in mainstream economic thinking.  These two major changes were the Keynesian revolution of the 1930s and the return of orthodoxy on the back of the Rational Expectation and Monetarist school in the late 1960s and early 1970s.  Each of the shifts was preceded by a […]

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In the Land of Bolivar

In the Land of Bolivar

  Caracas, Venezuela — Under the elevated lines in the Kensington section of Philadelphia, the Kensington Welfare Rights Union has been waging a battle against poverty that has taken them to center stage of the World Social Forum in Caracas, Venezuela.  Led by Cheri Honkala, a formerly homeless mother, the KWRU began by building encampments […]

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King’s “Revolution in Values” Revisited

  I. A Brooklyn federal court in March 2005 dismissed a civil suit filed on behalf of millions of Vietnamese against U.S. chemical companies charged with war crimes for having supplied the military with Agent Orange. The dismissal was on technical grounds, not on its merits; the contention that the chemical defoliants used during the […]

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Rick Wolff

Evangelical Economics

(Dedicated to the memory of Harry Magdoff) Right-wing faith-based politics in the US has its counterpart in faith-based economics. The school of economics that dominates education, journalism, and politics — called “neoclassical” economics — has absolute faith in two secular gods. These are private property and markets. Neoclassical economists believe that these two institutions cause […]

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Change in Top Federal Tax Rates on Wealth and Work since 1980

US Pensions: Capitalist Disaster

The US pension systems for workers are now widespread disasters.  Many corporations and many cities and states lack the money to pay all the benefits they have promised and legally owe to present and future retirees.  Estimates of the shortfall range around $450 billion in the private sector plus at least another $300 billion in […]

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Amtrak Privatization: The Route to Failure

Rising Tensions on the Rails

The threatened New York City Transit strike is just the latest sign of a growing labor-management confrontation across the US railroad system. While the workers of Transit Workers Union 100 battle off attacks on their pensions and health care, Bush Administration hirelings on the Amtrak Board prepare to launch an assault on the national passenger […]

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Haiti: The Untold Story

“This Is a Cover-up and Paul Martin Knows It”: Kevin Pina on Canada’s Role in Haiti

  A cross-Canada week of action in solidarity with Haiti will be kicked off by a November 12 demonstration on Parliament Hill in Ottawa. Solidarity committees are springing up across the country, objecting to the central role that the Canadian government played, along with France and the United States, in overturning the democratically-elected government of […]

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Bolivia: Elections and Left Strategy

The small Andean nation hit the news again on October 31, 2005 with the announcement that elections originally scheduled for December 2005 were to be postponed indefinitely. This most recent political crisis was orchestrated by the agro-industrialist elite from Santa Cruz, who are using procedural rules to thwart the move towards the deepening of democracy. […]

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Capitalists & Conquerors

Fearless Speech in Fearful Times: An Essay Review of Capitalists and Conquerors, Teaching against Global Capitalism and the New Imperialism, and Teaching Peter McLaren

  Capitalists and Conquerors: A Critical Pedagogy against Empire by Peter McLaren (Lanham, MD: Rowman & Littlefield, 2005) Teaching against Global Capitalism and the New Imperialism: A Critical Pedagogy by Peter McLaren and Ramin Farahmandpur (Lanham, MD: Rowman & Littlefield, 2005) Teaching Peter McLaren: Paths of Dissent, by Marc Pruyn and Luis M. Huerta-Charles (New […]

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