China Breaks the Western Debt Stranglehold on the World
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China Breaks the Western Debt Stranglehold on the World

ByJanataWeekly

Peter Koenig    The west has colonized, exploited, ravaged and assassinated the people of the Global South for hundreds of years.   Up to the mid-20th Century Europe has occupied Africa, and large parts of Asia.   In Latin America, though much of the sub-Continent was “freed” from Spain and Portugal in the 19th Century…

Nobel Economist Calls for Ending Obsession With GDP
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Nobel Economist Calls for Ending Obsession With GDP

ByJanataWeekly

Jon Queally   Nobel Prize winning economist Joseph Stiglitz is warning the world that unless the obsession many world leaders have with gross national product (GDP) comes to end, there will be little chance of adequately fighting back against the triple-threat of climate destruction, the scourge of financial inequality, and the crises of democracy now…

Impoverished Economics? Unpacking the Economics Nobel Prize
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Impoverished Economics? Unpacking the Economics Nobel Prize

ByJanataWeekly

Ingrid Harvold Kvangraven This week it was announced that Abhijit Banerjee, Esther Duflo and Michael Kremer won the Economics Nobel Prize (or more accurately: the ‘Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel’). The trio of economists were awarded the prize for “their experimental approach to alleviating global poverty”. On social media…

The Human Cost Of Apple’s iPhone Manufacturing Process
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The Human Cost Of Apple’s iPhone Manufacturing Process

ByJanataWeekly

Tricontinental: Institute for Social Research It is not sufficient to know that workers are exploited, or to demand higher wages within a capitalist system: it is necessary to have a framework to understand more deeply the injustices that we see in places like Foxconn factories, where long workdays and unsafe working conditions are the norm….

The Root Problem is the Capitalist System
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The Root Problem is the Capitalist System

ByJanataWeekly

Text of Bolivian President Evo Morales’ speech to the United Nations General Assembly, September 24, 2019. Brother President of the United Nations General Assembly, Tijjani Muhammad Bande. Brother Secretary General of the United Nations, Antonio Guterres. Sisters and brothers Presidents, Chancellors and Delegates Sisters and brothers of the International Organizations and all the peoples of…

The Systemic Crisis of World Capitalism
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The Systemic Crisis of World Capitalism

ByJanataWeekly

The hallmark of a systemic, as distinct from a cyclical or sporadic, crisis of capitalism is that every effort to resolve the crisis within the broad confines of the system, defined in terms of its prevailing class configuration, only worsens the crisis. It is in this sense that neoliberal capitalism has now entered a systemic…

Top 1% up $21 Trillion. Bottom 50% down $900 Billion.
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Top 1% up $21 Trillion. Bottom 50% down $900 Billion.

ByJanataWeekly

  Recently, the Federal Reserve of the USA released a new data series called the Distributive Financial Accounts, which provide quarterly estimates of the distribution of wealth in America. The series goes back to 1989, and runs to the fourth quarter of 2018. The insights of this new data series are many, but for this…

The Debate Over Inequality
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The Debate Over Inequality

ByJanataWeekly

The debate over inequality has become hotter world-wide. While Trump had introduced substantial tax cuts for the rich in 2017, and Britain’s Boris Johnson, the front-runner to succeed Teresa May, has promised to do the same if he becomes Prime Minister, there are strong proposals for taxing the rich which have also been mooted. Bernie…