Capitalism
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UK: A WINTER OF DISCONTENT OR DISORGANIZATION
The number of strikes has intensified. However, there is no attempt yet to bring the strikes together in one general public sector strike. Nothing less will suffice to break the bosses resolve. This article explains why. The capitalists in England have their back to the wall or is it the cliff?! Continue reading
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Books of the year
Every year at this time, I look back at any books that I have reviewed. I’ll start with Bradford DeLong’s book, Slouching towards Utopia, because this was considered the best economic history book of the year. Continue reading
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The US rate of profit in 2021
Every year, I analyse the US rate of profit on capital. This is because the US data is the best and most comprehensive to use and because the US is the most important capitalist economy, often setting the scene for trends in global capitalism. We now have the data for 2021 (that’s as far as… Continue reading
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Degrowth and the end of capitalism
Book review: A powerful polemic against capitalism’s planetary destruction, and an engaging look at the degrowth movement Continue reading
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Dutch farmers battle technocratic forces driving them into oblivion
Dutch farmers are in open struggle against a cartel of multinational corporations, Davos-aligned parties and NGO’s seeking control over the global food supply. “They are sweeping the culture from the land,” a farmer laments. Continue reading
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Ecosocialist Bookshelf, December 2022
Saturday, 10 December 2022 — — Origin: Climate & Capitalism Six important new books on fungi and racism and building socialism and wheat and more Ecosocialist Bookshelf is a monthly column, hosted by Ian Angus. Books described here may be reviewed at length in future. Inclusion of a book does not imply endorsement, or that C&C… Continue reading
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Rich nations doubly responsible for greenhouse gas emissions
KUALA LUMPUR, Dec 06, 2022 (IPS). Natural flows do not respect national boundaries. The atmosphere and oceans cross international borders with little difficulty, as greenhouse gases (GHGs) and other fluids, including pollutants, easily traverse frontiers. Continue reading
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Cleaning the Augean stables (Part I)
‘There seems to be no study too fragmented, no hypothesis too trivial, no literature citation too biased or too egotistical, no design too warped, no methodology too bungled, no presentation of results too inaccurate, too obscure, and too contradictory, no analysis too self-serving, no argument too circular, no conclusions too trifling or too unjustified, and… Continue reading
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Behind The Crypto Scam – “Complete Absence Of Trustworthy Financial Information”
Yves Smith of Naked Capitalism, who called everything crypto ‘prosecution futures’, provides the latest FTX bankruptcy filing: Continue reading
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Fossil Drugs: Antibiotics as the fossil fuels of medicine
The discovery of antibiotics was one of humanity’s greatest achievements. But we didn’t invent them. Long before humans, microorganisms in soil evolved these molecules. It was not until the mid-twentieth century, however, that these molecules were isolated by humans and mass-produced for medicine. Continue reading
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Food, Farming, and Africa: An Open Letter to Bill Gates
We, 50 organizations focused on food sovereignty and justice worldwide, want you to know there is no shortage of practical solutions and innovations by African farmers and organizations. We invite you to step back and learn from those on the ground. —Alliance for Food Sovereignty in Africa Continue reading
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‘Capital’s attack on nature endangers humanity’
Speech by João Pedro Stedile, a leader of Brazil’s Landless Workers’ Movement (MST) and the global peasants’ organization La Via Campesina, at the Vatican in late October. English translation first published by Vijay Prashad in the newsletter of the Tricontinental: Institute for Social Research. Continue reading
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Capitalism: YES, THERE IS A GLOBAL SLUMP AND YES IT BEGAN IN SEPTEMBER
To understand the contours of this approaching slump it is necessary to observe it from the industrial heartlands which means Asia and in particular China, for this area has become the workshop of the world. It is a myth to say that services have overtaken industry and commerce. Much of the revenue found in the… Continue reading
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Ecosocialist Bookshelf, November 2022
Wednesday, 9 November 2022 — Climate & Capitalism Six new books and six recent essays: important reading for reds and greens Ecosocialist Bookshelf is a monthly column, hosted by Ian Angus. Books described here may be reviewed at length in future. Inclusion of a book does not imply endorsement, or that C&C agrees with everything (or even… Continue reading
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UK Crony Capitalism: The Triumph of the City
THE triumph of the City of London, the one square kilometre next to Liverpool Street station that houses the citadel of British finance, is complete. Not only did it get rid of one British prime minister, whom it distrusted, in the space of just 44 days, but even got a new one of its choice… Continue reading
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IMF’s pinkwashing has multifold effects on women’s health
ActionAid and Public Services International recently published a new report – The Care Contradiction – looking into how the International Monetary Fund (IMF) programs are impacting women workers. The report shows that although the IMF has recently come up with a Gender Mainstreaming Strategy, its actions in the field of building gender justice essentially add up to… Continue reading
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The crisis in the West will steadily deepen
Western civilization is facing more and more problems. Over the past few decades, there have been many symptoms of a de facto decline of Western powers. Perhaps most clearly, these crises were reflected in the latest report of the so-called Club of Rome. Its authors believe that today’s “crisis is not cyclical, but intensifying. It… Continue reading
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Whatever happened to Liz Truss?
The most intriguing question with regard to Liz Truss’ resignation as the prime minister of Britain after a mere 44 days in office is this: what is it about her economic programme that the “market” (read “finance capital”) found unpalatable? At its core after all was tax-cuts for the rich, which the “market” should have… Continue reading
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Slouching towards utopia; or hurtling towards disaster?
Bradford DeLong is one of the world’s most prominent Keynesian economists and economic historian who is a professor of economics at the University of California, Berkeley. DeLong served as Deputy Assistant Secretary of the U.S. Department of the Treasury in the Clinton Administration under Lawrence Summers. He is a architype liberal Democrat in US politics and a classical Keynesian in economics. Continue reading
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Engineered Food Crisis: Agri Biotech Motivated by Monopoly Control and “Sacred GMO Cash Cow”
We are currently seeing rising food prices due to a combination of an engineered food crisis for geopolitical reasons, financial speculation by hedge funds, pension funds and investment banks and profiteering by global grain trade conglomerates like Cargill, Louis Dreyfus, ADM and Bunge. Continue reading
The New Dark Age 