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.
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China | Economy | Online Blog | USA | World Economy | World Politics
Bilateral Swaps in China’s Global Presence
A less highlighted instrument that has contributed to China’s growing global influence in developing countries worldwide is bilateral currency swaps between China’s central bank and the central banks of these countries.
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The Most Lethal Virus Is Not COVID. It Is War
In the midst of the greatest health emergency in modern times, with millions of surgical procedures delayed due to underfunding of the National Health Service, the British Prime Minister has announced a record increase in defence spending.
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Capitalism | COVID19 | Online Blog | USA | World Economy | World Politics
Hunger in America: Covid-19 and the Nightmare of Food Insecurity
Behind all the pandemic stories now filling the media lie any number of nightmarish tales, that were already common in a country of raging inequality before the coronavirus landed on US shores.
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Mayak: Russia’s Forgotten Nuclear Disaster
The Mayak disaster of 1957 was covered up by both the Soviets and the US government as it would have meant having to confront the reality that nuclear sites were putting local populations and environment in serious peril.
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As Private Cities Advance in Honduras, Hondurans Renew Their Opposition
In Honduras, efforts to develop semi-privately governed jurisdictions called Economic Development and Employment Zones, that violate national sovereignty and threaten mass displacement, have recently emerged anew.
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Wall Street Begins Trading Water Futures as a Commodity
Treating water as a tradable commodity puts a basic human right into the hands of financial institutions and investors.
