Davos and the Melting World Economy
As billionnaires meet in luxury, Oxfam publishes a staggering condemnation of capital’s failure to meet humanity’s needs.
Argentina: Shock Therapy, Resistance, and the Role of the Left
With Congress likely to approve Milei’s neoliberal agenda, the only limits to his onslaught will come through mass mobilization, coordinated strike activity, and other forms of social unrest.
2023’s Unexpected and Unexplained Warming – And What 2024 Might Have in Store
A discussion on why 2023 was so exceptionally warm and what that might entail for our estimates of where 2024 will end up.
Yemen: An Indomitable People
In 2015, Yemen began a war in defense of its sovereignty that was being threatened by an interventionist alliance led by Saudi Arabia. 400,000 Yemini people died in the country’s struggle to maintain its independence. A country considered the poorest in Western Asia successfully defeated a coalition made up of some of the richest countries on the planet.
Wealth of Five Richest Men Doubles Since 2020 as Five Billion People Made Poorer in “Decade of Division”
The world’s five richest men have more than doubled their fortunes from $405 billion to $869 billion since 2020 – at a rate of $14 million per hour – while nearly five billion people have been made poorer, reveals a new Oxfam report on inequality and global corporate power.
Capitalism and the Production of Poverty
The perpetual production of ever-changing forms of poverty is an inevitable part of the creative destruction that characterizes capitalism. The form of poverty changes, because capitalism is dynamic and constantly changing, but poverty remains.
Thirty Years of Failure on Climate: How Did it Come to This?
The reason for the climate crisis is the ever-increasing profits being generated by the global capitalist class from the exploitation of the world’s human and natural resources. The captains of industry and the politicians who serve them are therefore determined to preserve the status quo as long as possible.
Agrarian Distress, Sluggish Job Market: Five Charts to Understand the Roots of the Maratha Agitation
Education has led to high mobility, especially in the poorer Marathwada region, but opportunities remain few alongside dwindling incomes, shows a data analysis.
Upsurge of Neo-Fascism and ‘Dollarisation’
Argentina’s new president Javier Milei proposes to use U.S. dollars as the currency of his country, while abolishing its central bank altogether. This means not just maintaining a fixed exchange rate between the dollar and the domestic currency, but an abolition of the domestic currency altogether.
Nowhere to Run: Where Will the World Find Refuge in 2024?
By mid-year 2023, the UNHCR put the number of refugees at 36.4 million worldwide. This figure doesn’t include the people fleeing war and other systemic and climate violence, called “internally displaced persons” – UNHCR puts their number at 62.2 million in its mid-2023 report.