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Financialization at heart of economic malaise
COVID-19 has exposed major long-term economic vulnerabilities. This malaise–including declining productivity growth–can be traced to the greater influence of finance in the real economy.
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Chávez the Radical XXVI: ‘What are Privatizations?’
The Bolivarian Revolution represented a break from neoliberal governments. Is the tide turning? Tatuy TV examine that in this episode of “Chávez the Radical.”
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India’s post-pandemic economic recovery
The pandemic alas is not yet over, but there are no economic disruptions in the current fiscal year in the form of lockdowns or workers’ absence. The economy’s performance therefore can no longer be attributed to the prevalence of the pandemic; whatever it is, it is caused by economic factors.
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Manufacturing stagnation
Intellectual property, industrial organization, and economic growth.
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Chart of the day
U.S. billionaires have recouped all of their wealth—and more—during the Pandemic Depression. Meanwhile, since May, the number of poor Americans has grown by about 8 million.
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A missing pledge in the 2020 Democratic Party platform
For 52 years—from 1936 to 1988—the Democratic Party pledged support for the achievement of full or maximum employment.
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Struggles in social reproduction during COVID-19: from East to West and beyond
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.
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Reserve army—pandemic edition
In particular, the existence of a reserve army serves to discipline labor, keeping its wage demands in check, since employed workers are forced to compete with unemployed and underemployed workers for the available jobs.
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The jungle—pandemic edition
Like nursing homes, the U.S. meatpacking industry has become one of the hotspots of the novel coronavirus pandemic.
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UN Chief warns of coming recession for the Planet
Bumping elbows at the United Nations.
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Inflation & the Politics of Pricing with Nathan Tankus
In this episode, we talk with Nathan Tankus, Research Director of the Modern Money Network, and Research Fellow at the Clarke Business Law Institute at Cornell Law School. We ask Nathan to expand upon and deepen his engagement with the inflation question in all its historical, political, and rhetorical complexity.
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Why stagnation?
The U.S. economy has been stuck in stagnation for a decade. The GDP growth rate has been only 2.2% per year since the recovery from the Financial Crisis and Great Recession of 2008-09 began. That is far below the growth rate in past post-recession recoveries since the end of World War II.
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Scientists against the machine
Jane Shallice examines the history of radical research at the British Society for Social Responsibility in Science.
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Job Guarantee as Historical Struggle with David Stein
In our inaugural episode, we consider the recent resurgence of full employment politics in the United States from both a political and historical perspective with historian David Stein (@davidpstein).
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Willetts the conqueror (part 5): knowledge exchange
In addition to subsumption of teaching and research, the third mission of neoliberal marketisation has been termed, “knowledge exchange.” The introduction of this mission represents not only a fundamental attack on the academic profession, but also a desperate attempt to marshal the knowledge-producing powers of universities to kick-start a stagnating post-crisis global economy.
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Bubbles, stocks and crashes
WHAT is happening in the U.S. economy provides an object lesson on the functioning of neo-liberal capitalism. Pre-first world war capitalism which had witnessed the long Victorian and Edwardian boom had relied on the colonial arrangement for the system’s dynamics.
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Recession on the horizon
There are strong reasons to expect a recession within the next year or so. And it will likely hit an increasingly vulnerable working class hard.
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Secular Stagnation
The fundamental changes I would advocate are those that would: dramatically boost worker power; secure a progressive and growing funding base for a needed expansion of public housing and infrastructure and public spending on health care, education, and transportation; and end the production and use of fossil fuels and significantly reduce greenhouse emissions.
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Finance, Crisis, and Stagnation
In this presentation Mexie begins to elaborate the theory of monopoly capitalism developed by Paul Baran and Paul Sweezy, incorporating recent theoretical development by John Bellamy Foster and Robert McChesney. Mexie has produced a number of other videos on the topic as well.
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Trump’s March of Folly
The Trump White House is neofascist in terms of its political base, its ideology, and the policies it is advocating. The rest of the U.S. state, the Congress, the judiciary… are not at present neofascist. So we are in a period which is analogous to what the Nazis called Gleichschaltung (bringing into line), which means a fight within the state.