Record Number of Billion-Dollar Disasters Struck U.S. in 2020
In 2020 the U.S. experienced a record-smashing 22 billion-dollar weather and climate disasters that killed at least 262 people and injured scores more.
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The Global Angle to the Farmer Protests
The USA and Europe are seeking to transform the agriculture of developing countries like India in accordance with their needs – in effect, they want a re-creation of the economic scenario of the colonial period. Modi govt’s three farm laws are meant to comply with their wishes.
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Little Value from Global Chains
Standing on the shoulders of foreign firms and depending on foreign markets, while riding roughshod over workers, is not the way to journey to an Atmanirbhar Bharat – the workers’ protest at Wistron’s Bengaluru factory assembling Apple iPhones makes this very clear.
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The Contagion of Capital: Financialized Capitalism, COVID-19, and the Great Divide
Comprehending the basic parameters of today’s financialized capitalist system is the key to understanding the economic stagnation plaguing the production system as well as the accumulation of wealth by a few.
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Covid, Brexit and Dreadnought: UK Slides into Economic and Social Turmoil
Britain, led by a poseur whose self-esteem is akin to that of the equally repellent Trump, is in a parlous economic condition, and is suffering from social rupture of a viciousness unknown in recent history.
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The Long Shot of Democratic Socialism Is Our Only Shot
Mass workers’ movements transformed much of the world in the twentieth century, but they couldn’t overcome the power of capital. Today, we need a new democratic socialism to remake politics and revive working-class organizing.
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World Bank and IMF: 76 Years Is Enough! Abolition!
The author makes an assessment of the World Bank and its alter ego the IMF and proposes to abolish them as well as the WTO in order to replace them with other global and democratic institutions.
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Resisting Amazon Is Not Futile
Amazon represents the pinnacle challenge to union organizers and socialists throughout the country. Are we in a 1919 moment, still a generation of failures away from breakthrough success? Or closer to 1935, approaching the tipping point of winning real worker power?
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Illicit Financial Flows: Africa Is the World’s Main Creditor
In its latest report on Illicit Financial Flows in Africa, UNCTAD discloses that $88.6 billion from the continent go up in smoke every year. Not only must we ask questions about the size of these amounts, we must also wonder how this is at all possible.
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Capitalism | COVID19 | Online Blog | USA | World Economy
Trickle-Down Economics vs. Build-Up Economics
At this juncture, between a global pandemic and the promise of a post-pandemic world, and between the administrations of Trump and Biden, we would be well-served by changing the economic paradigm from trickle down to build up.
