When market fundamentalism overcomes common sense: Myth of electricity markets
The so-called electricity markets were created to help private capital, not people. It is time we wound up these bogus markets and returned public services to people, to be run cooperatively for their benefit
Economist Michael Hudson on decline of dollar, sanctions war, imperialism, financial parasitism
Economist Michael Hudson discusses the decline of the U.S. dollar, the sanctions war on Russia, his concept of “free-trade imperialism,” and financial parasitism.
Ecuador’s neoliberal government announces state emergency to impose austerity
The declaration of a state of emergency by Guillermo Lasso is more likely about quelling opposition than guaranteeing security for Ecuadorians.
Chile is at the dawn of a new political era
The search for the new era in Chile has two important avenues: the writing of the new constitution, which is what the 155 members of the Constitutional Convention are doing, and the presidential election to be held on November 21, 2021.
How emerging markets hurt poor countries
Financial globalization was supposed to spur development. Instead, it transfers money to the global North and exacerbates existing inequalities.
Leo Panitch, intellectual pillar of the Canadian left, dead at 75 of COVID-19
Leo Victor Panitch, one of the intellectual pillars of the Canadian left and a leading scholar of the global depredations of neoliberalism, died Saturday from COVID-19. He was 75.
Neoclassical Marxism (Christmas Special) with @NMarxism
This December, we bring you a special Christmas episode of our program, featuring the enigmatic operator behind the increasingly popular Twitter account known as “Neoclassical Marxism,” or @NMarxism. @NMarxism is a deeply satirical Twitter project, which deploys Modern Monetary Theory and some very dark humor to critique the neoclassical economics and neoliberal assumptions that unconsciously […]
Ecuador, Assange and the empire: anatomy of a liberal sellout
Under Ecuador’s new government, the gagging of Assange has long been a matter of when, not if. It’s only the latest sign of a once-defiant nation’s newfound subservience to Washington and Europe.
Book of the day: The Corruption of Capitalism by Guy Standing
I recommend this book, along with the rest of Standing’s body of work, as an example of the kind of outside-the-box thinking the Left needs in place of the dinosaur Old Left’s organization and policy models if it is to be relevant to the new economy.