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

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

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

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.

  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

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…

$21 Trillion Hoard Hidden from Taxman by Global Elite
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$21 Trillion Hoard Hidden from Taxman by Global Elite

A global super-rich elite has exploited gaps in cross-border tax rules to hide an extraordinary $21 trillion of wealth offshore—as much as the American and Japanese GDPs put together—according to research commissioned by the campaign group Tax Justice Network. James Henry, former chief economist at consultancy McKinsey and an expert on tax havens, has compiled…

Capitalism Has Failed—What Next?
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Capitalism Has Failed—What Next?

Less than two decades into the twenty-first century, it is evident that capitalism has failed as a social system. The world is mired in economic stagnation, financialisation, and the most extreme inequality in human history, accompanied by mass unemployment and underemployment, precariousness, poverty, hunger, wasted output and lives, and what at this point can only…