Subjects Archives: Political Economy

From Chile to Lebanon, young people are demonstrating—in street protests and voting booths—that they’ve had enough of being disciplined and punished by the current development model.

You may recall that from 17 September 2019, the United States Federal Reserve injected massive amounts of liquidity into banks due to a quite abnormal situation on the repo market.(1) The repo market designates a mechanism used by banks to obtain short-term financing. They sell securities they hold in repurchase agreements (repo).

Climate change is occurring, highlighted by dramatically shifting weather patterns and ever more deadly storms, floods, droughts, and wildfires. And the evidence is overwhelming that it is driven by the steady increase in greenhouse gases in our atmosphere, especially carbon dioxide and methane, produced by our fossil fuel-based economic system.

The World Bank’s World Development Report (WDR), published every year since 1978, plays a similar role to that of the state of the union address in the US, in which the president hopes to keep the faith of the Congress and public.

The US armed and funded extremists in Syria to overthrow the Syrian government and the media cheered. Those same extremists then attacked the Kurds on Turkey’s behalf to the horror of the same media. Now what?

On 13 October, Moreno had to promise to withdraw Decree 833. Pressure from the streets, from the United Nations, and from the Ecuadorian Episcopal Conference forced him to the table, where a televised discussion was held. The indigenous leaders won the ‘debate’–they were much more prepared and far more humane than the president and his clumsy ministers.

For 60 years Ireland has based its economy on attracting in foreign direct investment. And what’s has it got to show for it? One of the highest per capita national debts in the world and one of the highest rent regimes in the world.

If human agency, driven by a model of economics and development gone berserk, is a major driving factor in the changes upon us, there is plenty to be learned from this region and many like it.

In this episode of Money on the Left, we speak with historian Alison Collis Greene about her book No Depression in Heaven with an eye toward contemporary debates around the Green New Deal. Subtitled The Great Depression, the New Deal, and the Transformation of Religion in the Delta, Greene’s book critiques what she calls the […]

What affects the exchange rate of a country’s currency? The answer depends on where that country stands in the world economy. Not simply because an exchange rate is the value of one currency versus another, so that you must weigh up two or more countries.

In their crusade to get Trump and distract from their own corruption, the Democrats have moved on from Russiagate to an impeachment inquiry over “Ukrainegate.”

Andreas Malm interviewed about Marxist approaches to the climate movement.

The struggle against inequality and for destruction of capital is innately linked with struggle for man-nature dialectics of the higher order where earth does not remain a commodity to be exploited.

Draft Globalization programme submitted by the National Board of the Red-Green Alliance/Enhedslisten, Denmark, to the party’s next Annual Congress on 5 – 6 October. It is a programmatic text about global development.

A recent report by the International Labour Organisation shows that the total global labour force is now measured at 3.5 billion workers. This is the largest size of the global labour force in recorded history. Talk of the demise of workers is utterly premature when confronted with the weight of this data.

The rate of exploitation in the production of Apple’s iPhone X, which stands at 2458%, is 25 times the rate of exploitation that is gleaned from Marx’s examples in Capital, published in 1867.

The U.S. Department of Education has determined the Duke-University of North Carolina Consortium for Middle East Studies misused Title VI funds and they’re requiring the program to provide a revised list of activities that will use these funds over the coming year.

Four million people participated in the global climate strike across every continent on Friday, many of them students who skipped school on that day. Demonstrations at more than 5,800 locations in 161 countries began in Australia and the Pacific, moved to Asia, Antarctica, Africa and Europe, and then to North and South America. This is the third such climate strike this year, following similar mass global demonstrations this past March and May, and the largest to date.

One of Marx’s brightest concepts, perhaps his profoundest dialectical construct in Capital, is the “fetishism of commodities.” It emphasizes something very important about the foggy world of appearances and how can forget what lies within, behind what is immediately apparent. We can read it as a parable in which Marx tries to bring to life (and light) the “secret” of the ostensibly trivial commodity, the genie that exists within the magic bottle.

Self-determination is still an unknown concept to many despite the efforts of the movement for Black lives and related organizations.