Demowp

Tag: Economics

  • Can Poorer Nations Break the Cycle of Dependency That Has Inflicted Grief for a Hundred Years?

    Can Poorer Nations Break the Cycle of Dependency That Has Inflicted Grief for a Hundred Years?

    In late July, I visited two settlements of the Landless Rural Workers (MST) on the outskirts of São Paulo (Brazil). Both settlements are named for brave women, the Brazilian lawmaker Marielle Franco – who was assassinated in 2018 – and Irmã Alberta – an Italian Catholic nun who died in 2018. The lands where the […]

  • The World Needs a New Socialist Development Theory

    The World Needs a New Socialist Development Theory

    Over the course of the past century, substantial changes have taken place in debates about social development. Dossier no. 66, The World Needs a New Socialist Development Theory, examines the historical evolution of development theory over four distinct eras, analyses the obstacles that stand in the way of development today, identifies processes that have the potential […]

  • A Matter of Interest: The RBA, Inflation and Corporate Profits

    He is one of the least empathetic of beings, a cold fish, bothered and irritated. Captured by the cradle of numbers (he is an economist); obsessed by the spreadsheet of projections that may never result, there is not much to recommend the chief of the Reserve Bank of Australia, Philip Lowe. Come to think of […]

  • Beware of Economic Textbooks

    Protests by British university economic students against neo-classical economics highlight the notion that economic education is dominated by theories that defy practical applications and applications that cannot predict, prevent, and ameliorate periodic crises. Students learn economics from unverified and outdated theories, many contradicting one another, which leads to a confused understanding of the discipline and […]

  • What a Giant Pile of Unsold Clothing in the Desert Can Teach Us about Real Resistance

    According to this article: “Chile’s Atacama Desert, the driest desert in the world, has been a dumping ground for fast fashion leftovers. A mountain of discarded clothing, including Christmas sweaters and ski boots, cuts a strange sight in the desert, which is increasingly suffering from pollution created by the fashion industry.” Some further explanation from […]

  • The True Meaning of Debt

    In debating the validity of raising the debt limit, the United States Congress has not carefully analyzed the reasons for government debt and the meaning of all debt. The true meaning of debt has the modern capitalist system as a debt-driven system. All new money supply is debt and the money supply is the energy […]

  • Tossing Neoliberalism into the Dumpster

    It’s official, according to a speech by National Security Advisor Jake Sullivan, the United States is jumping off the neoliberal globalization bandwagon (a root cause of domestic extremism) and it couldn’t come soon enough as institutions of government are sucking up more and more angry exhaust fumes from constituents, as well as encountering a world […]

  • Why Can’t I Question Capitalism without Being Called a “Socialist”?

    “The essence of capitalism is to turn nature into commodities and commodities into capital.” (Michael Parenti) For as long as I’ve been writing, giving public talks, and all that, I have offered informed critiques of capitalism. For as long as I’ve been offering informed critiques of capitalism, I get replies like this: “I suppose you […]

  • The Work That Tricontinental Does

    The Work That Tricontinental Does

    I am grateful to you for reading this newsletter, which has been coming to you since March 2018 and which now – thanks to the efforts of our movements – reaches over a million people. Our first newsletter posed a problem that remains at the heart of our institute’s work: The Left has before us […]

  • The End of an Era

    Why do the International Monetary Fund (IMF), the World Trade Organization (WTO) and the World Bank– three of the most highly regarded international economic organizations-project a bleak road ahead for the global economy? Ominously, the World Bank warns of the possibility of a coming “lost decade” for economic growth. In January of this year, the […]

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