Bankrolling Violence
On the insidious role the financial markets play in the military industrial complex.
India’s oldest Socialist Weekly!
Editor: Dr. G.G. Parikh | Associate Editor: Neeraj Jain | Managing Editor: Guddi
On the insidious role the financial markets play in the military industrial complex.
The Biden Administration is establishing a narrative that the recent OPEC decision to cut oil production by two million tonnes is a geopolitical “aligning” by Saudi Arabia and Russia. It deflects attention from the humiliating defeat of President Biden’s personal diplomacy with Saudi Arabia.
Number of Ultrarich Hits All-Time High as Someone Dies From Hunger Every 4 Seconds; Also: Interview with Abby Maxman, president and CEO of Oxfam America, one of the signatories of an open letter signed by NGOs calling upon the UN General Assembly to urgently take action on world hunger.
70 years ago the UK stepped up a brutal colonial intervention in Malaya, presenting it as a war against Chinese communism. British forces herded hundreds of thousands of people into fortified camps, heavily bombed rural areas and resorted to extensive propaganda to win the conflict.
A recent study finds that over the period 1960 to 2017, total transfers from the ‘emerging and developing economies’ to the ‘advanced economies’ was around $152 trillion. These resources could have ended extreme poverty 15 times over, but instead they were transferred gratis to the core.
Ever since the heads of East India Trading Company (1600) and Hudson Bay Company (1670), were incorporated by English Royal charters, there have been corporate dictators. Their range and actions, have varied widely however. Today’s new corporate dictators shatter past restraints.
The recent exit of portfolio capital from emerging markets exposes the vulnerabilities of the cheap money policies followed by developed countries.
With no national force with the vision and power to offer an emancipatory alternative to the poisonous politics, sometimes with fascist elements, that turns neighbors against each other, the country is on a knife edge.
Is the increasing influence of China in international affairs a threat to world order? The US thinks so. The US is a declining power, and its decline is “mostly from internal blows.” What’s next for US imperial power, and will be its impact on the world stage?
Russia’s Campaign in Ukraine: Nearing an Inflection Point?; and: Russia Teaches Europe ABC of Gas Trade.
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