The U.S. and the Weaponization of Global Finance Turkey was thrust into a full-blown currency crisis when U.S. President Donald Trump hoisted tariffs on Turkey’s steel and aluminium exports to the USA, the country’s most serious crisis since Recep Erdogan’s AKP came to power 16 years ago. The Lira lost more than 40 percent of its … Keep reading »

Socialist countries have always had banks: central banks, savings banks taking local deposits, commercial banks, and export banks. Che Guevara was even the director of the National Bank of Cuba. What makes socialist banks “socialist”? And what are the relationships between socialist and global finance? How was socialist finance taken over by networks of secret … Watch video »

A recent article in the Toronto Star and its accompanying photo bear comment. The reaching hands are not of rioting, starving people grasping for food but of stockbrokers on the trading floor. The article, about protecting individual portfolios, counsels people to know of their options though “the majority of investors have little or no understanding … Keep reading »

Kevin Skerrett and Chris Roberts discuss the significance of their edited book, The Contradictions of Pension Fund Capitalism. Heather Whiteside and Janice Folk-Dawson speak to the issues the book raises for the trade union and working class movements today. Recorded in Toronto, 29 March 2018. Watch video »

“We got to do something now, the company are not going to do anything and we got to protect ourselves,” proclaimed a shop steward at Lucas Aerospace when filmed by a 1978 documentary by the Open University. He was explaining the rationale behind the so-called Alternative Corporate Plan, better known as the Lucas Plan. It … Keep reading »

Dr. Richard Roman, co-author of Continental Crucible: Big Business, Workers and Unions in the Transformation of North America discusses how NAFTA deepened and ‘constitutionalized’ neoliberal reforms already underway. Watch video »

In the British Labour Party’s 2017 election manifesto, the pledges to abolish university tuition fees and reintroduce maintenance grants were widely seen as vote winners, but that was the extent of the party’s policy commitments toward the sector. Since the election, Labour has supported staff and students in challenging the yawning gap between highly-paid vice-chancellors … Keep reading »

When Amazon announced plans to locate a $5-billion, 50,000-employee complex as its second headquarters somewhere in North America, state governments and municipalities fell over themselves offering billions of dollars in tax abatements and corporate subsidies to secure the prize. Keep reading »

The global financial crisis has done next to nothing to change the convictions of mainstream economists. But the widespread lament over their willful blindness seems misplaced: there was never a realistic possibility that the economics profession would voluntarily break with the methodological sophistication and statistical formalism at the heart of its identity. Keep reading »

Toronto – 26 October 2017 Higher education in our politically desperate age is threatened by a legacy that it does not dare to name and that legacy with its eerie resonance with an authoritarian past asserts itself, in part, with the claim that education is failing. The Trump administration needs education to fail in a … Watch video »

It is only over the past decade-and-a-half or so that scholars have begun to explore in greater depth the ideological roots of the neoliberal project. Such contributions tend to focus on the emergence of a distinctly neoliberal critique of ‘collectivism’ (especially as expressed in the post-war welfare state and the state-planned economies like the Soviet … Keep reading »

Powerful corporations and the rich in the United States continue their winning ways. By narrow margins, both the House of Representatives and Senate have agreed on a budget proposal that calls for an increase in the federal deficit of $1.5-trillion in order to fund a major reform of the U.S. tax system that will make … Keep reading »