Category: Economy
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The Latest IMF Bean-Counting Scandal
“Torture the data until they confess” (or until you’re busted), economists profess After a major leadership crisis that further degrades the Bretton Woods Institutions’ number-crunching credibility by revealing a pro-corporate bias … Keep reading »
Winning the Case for Transformative Left Economics
Facing environmental breakdown and a global pandemic, the need for a radical overhaul of our economic system has never been clearer. But following Labour’s defeat in the 2019 general election, … Watch video »
Building Back Better or Return to Austerity?
The COVID-19 pandemic is ebbing. Governments have amassed unprecedented debts in responding to this public health threat. Soon a choice must be made as to which direction we follow: build … Keep reading »
The Struggle for Development: The Labouring Classes in Turkey
The below is drawn from the preface for the newly published Turkish edition of The Struggle for Development, first published in 2017. The original edition aimed to root development thinking … Keep reading »
An End to the Crisis? The IMF’s $650bn Special Drawing Rights Stimulus
CADTM: In late August 2021 the IMF announced that it would supply the global economy with $650-billion (US) to meet urgent needs. This would be achieved through an increase in … Keep reading »
The State and Global Capitalism
Part 3 of the “Beyond the Socialist Impasse: Remembering Leo Panitch” series. Discussion with Jayati Ghosh, Nicole Aschoff, Clyde Barrow, Rick Wolff and Doug Henwood. Moderated By Zhun Xu. Closing … Watch video »
Commodification, Capitalism and Alternatives
The critical analysis of commodification begins from the turning of every human need into a priced good sold in a capitalist market, notably the sale of certain goods such as … Keep reading »
The Forest and the Tree: Ben and Jerry’s, Unilever, and Global Capitalist Apartheid
After years of pressure from activists, Ben & Jerry’s on 19 July announced that it would end ice cream sales in the “Occupied Palestinian Territory.” The Vermont-based ice-cream maker stated … Keep reading »
Life After the Pandemic /w Christoph Hermann
From Production for Profit to Provision for Need. Part of the Socialist Register series “Beyond Digital Capitalism.” Watch video »
Understanding Development in a Global Value Chain World: Comparative Advantage or Monopoly Capital Theory?
The recent period of globalization – following the collapse of the Eastern bloc and the integration of China into the world economy – is in essence the period of global … Keep reading »
SR 2021: Interpretation Machines /w Larry Lohmann
Since the nineteenth century, left movements have sought footholds among the ever-renewing contradictions of capitalist industrial mechanization and its relation to work and energy. These experiments, begun by Marx, remain … Watch video »
From Neoliberalism to the New Finance Capital
As the global economy entered another historic crisis in March 2020, the US Federal Reserve implemented a massive support program to stabilize financial markets. In doing so, it expanded upon … Keep reading »