Capitalism
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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
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US Chip War Version 2: Decoupling from China or Declaring War?
THE US has gambled big in its latest, across-the-board sanctions on Chinese companies in the semiconductor industry, believing it can kneecap China and retain its global dominance. From the slogan of globalisation and “free trade” of the neoliberal 90s, it has reverted to good old technology denial regimes followed by the US and its allies… Continue reading
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Liberalism Loves Anti-Semitism
This week, our collective national attention has once again leveled on Kanye West, a troubled, inconsistent circus act of an individual (we relate), and by proxy, given his statements about Jews, we have experienced a flood of liberal outrage and public statements against Anti-Semitism. Continue reading
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The Last Temptation of Things
Do we believe we can save ourselves by saving things? Or do our saved possessions come to possess their saviors? Continue reading
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French Labor Unrest Illustrates Worsening Economic Crisis Within the EU
French workers affiliated with the General Confederation of Labor (CGT) held a “Day of Action” work stoppage on October 18. This action came on the heels of an oil workers strike which demanded a rise in salaries amid the escalating rate of inflation that has impacted people throughout the western capitalist states. Continue reading
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Watch: Regime change plot in UK. Dark times ahead
Saturday, 15 October 2022 — Youtube Continue reading
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Green Capitalism in Crisis: The End of a Chimera
In the face of the global climate crisis, which is now evident in the destructive force of meteorological events, the question arises once again as to how to deal with this phenomenon, the causes of which are associated with the civilizational model that has spread from the United States and Europe to the rest of… Continue reading
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Michael Hudson: A roadmap to escape the west’s stranglehold
The geoeconomic pathway away from the neoliberal order is fraught with peril, but the rewards in establishing an alternative system are as promising as they are urgent Continue reading
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The Liz Truss Disaster Show
Never underestimate the power of failure. As the Liz Truss Disaster Show demonstrates, the next pitfall is probably just around the corner. The UK Prime Minister has shown, along with her distinctly oblivious Chancellor of the Exchequer, how to ballsup the economy in the shortest timeframe imaginable. Continue reading
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UK Crony Capitalism: Trickle down economics
The UK government’s economic policies under new PM Liz Truss have caused a stir among, not only leftists, but also among mainstream economists. The new government says the solution to the stagnation and failure of British capitalist production is to cut taxation on the rich and on big business. The extra income flowing to them… Continue reading
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The liquidity crisis and drowning naked
A liquidity crisis erupted in British bond markets after the announcement by the new right-wing Conservative government that it would spend up to £60bn to maintain and energy price cap for householders for up to two years, subsidise business energy costs AND also cut corporate and income taxes. The total hit from this largesse (mainly… Continue reading
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Free Market Genocides: The Real History of Trade
What role should greed play in how we run the world? Should it rule us and shape all that we do? Continue reading
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Fascism returns to Europe’s centerstage
The stunning victory of a far-right coalition in Italy’s parliamentary election on Sunday is largely seen from the distinct prospect of Giorgia Meloni becoming the country’s next prime minister, whose hardline views on immigration and the preservation of the “Christian family” are rooted in the Italian Social Movement (MSI), a party founded after World War II by… Continue reading
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The Tories Declare Class War
The “cap” on bankers bonuses that the Tories have just removed had been set at double their annual salary. Yes, double their annual salary. So a banker on £320,000 a year could only get an annual bonus of £640,000. That has now been lifted so they will be able to get annual bonuses of millions… Continue reading
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Europe’s Economic Hara-Kiri
THE cessation of natural gas supplies from Russia to Europe in retaliation against Western sanctions imposed on Russia because of the Ukraine war, is threatening Europe not only with a winter with inadequate heating that will take a big toll in terms of lives among poor people, but also with large-scale closures of enterprises; such… Continue reading
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Royal Money: Charles III and the Wealth Dimension
Once the fixated adoration with the late Queen Elizabeth II starts cooling, the accountants of public welfare and decency will be stunned to realise the costs and wealth associated with the royal institution. Her successor, Charles III, is continuing in that vein, a jarring note of wealth and pomp even as prices rise and the… Continue reading
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1.5°C warming may trigger multiple tipping points
Multiple climate tipping points could be triggered if global temperature rises beyond 1.5°C above pre-industrial levels, according to a major new analysis published in the journal Science. Even at current levels of global heating the world is already at risk of passing five dangerous climate tipping points, and risks increase with each tenth of a degree of further… Continue reading
The New Dark Age 