Author: Michael Roberts

Michael Roberts is a Marxist economist who blogs at thenextrecession.wordpress.com.

  • COVID Vaccines: Calling the Shots

    Before the COVID-19 pandemic engulfed the world, the big pharmaceutical companies did little investment in vaccines for global diseases and viruses. It was just not profitable. Of the 18 largest US pharmaceutical companies, 15 had totally abandoned the field. Heart medicines, addictive tranquilizers, and treatments for male impotence were profit leaders, not defences against hospital … Keep reading »

  • Mexico: Violence, Corruption and Inequality — AMLO to the Rescue?

    The victory in Mexico’s presidential election of Andrés Manuel López Obrador (AMLO), under the rubric of his relatively new ‘progressive’ Morena party, is both unsurprising and surprising. It’s unsurprising because AMLO had a huge and increasing lead in the opinion polls leading up to polling day. And Mexico’s 88 million voters (out of 127 million … Keep reading »

  • Climate Vandalism and North American Capitalism

    North America has been witness to two distinct forms of climate vandalism over the last year. In the case of the United States, it came from President Donald Trump’s decision last week to formally withdraw from the Paris Climate Accord of December 2015, an agreement within the United Nations Framework Convention on Climate Change (UNFCCC) … Keep reading »

  • Italy and Greece: Rule by the Bankers

    It looks as though, by Monday, both Greece and Italy will be ruled by so-called ‘technocratic’ governments. Even though both Greek prime minister George Papandreou and Italian prime minister Silvio Berlusconi were elected comfortably in parliamentary polls and were never defeated in any vote of confidence in parliament, they have been ousted – to be … Keep reading »