-
BRICS: A New World Economic and Trading Force?
Peter Koenig (PressTV Interview – Transcript 23 August 2023 Background The BRICS (Brazil, Russia, India, China and South Africa) are holding arguably one of their most important Summits from 22 to 24 August 2023 in Johannesburg, South Africa. Several new countries – up to 40 it is said, including Iran – would like to join […]
-
The BRICS Have Changed the Balance of Forces, but They Will Not by Themselves Change the World
Mao Xuhui (China), ’92 Paternalism, 1992 In 2003, high officials from Brazil, India, and South Africa met in Mexico to discuss their mutual interests in the trade of pharmaceutical drugs. India was and is one of the world’s largest producers of various drugs, including those used to treat HIV-AIDS; Brazil and South Africa were both […]
-
War By Other Means: Short Selling JPMorgan
When the FDIC put Silicon Valley Bank (SVB) and Signature Bank into receivership in March, a study reported on the Social Science Research Network found that nearly 200 mid-sized U.S. banks were similarly vulnerable to bank runs. First Republic Bank went into receivership in May, but the feared contagion of runs did not otherwise occur. […]
-
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 […]
-
Foolishness, Hypocrisy, the GOP and the IRS
Take your pick from two definitions of modern-day Republicans: foolish hypocrites or hypocritical fools. When it comes to America’s $32 trillion federal deficit, each one is as fitting as the other. They’re hypocrites for saying one thing and doing another. They’re fools because the actions they take are driving the deficit ever higher. Let’s listen […]
-
No Let-Up In U.S. Economic Decline
As the mainstream media continues to make irrational and diversionary statements about the economy, facts show and experience confirms that people’s living and working standards continue to steadily decline. The economy continues to move in the wrong direction. Poor economic conditions persist, which is why the vast majority remain pessimistic about the economy and recognize […]
-
Why Are There No Slums in China?
With over 20 million inhabitants each, Shanghai and Beijing are among the “hypercities” of the Global South, including Delhi, São Paulo, Dhaka, Cairo, and Mexico City, far surpassing the “megacities” of the Global North like London, Paris, or New York.1 Walking the streets in China’s cities, you will however, quickly notice one marked difference – […]
-
Economic Conditions Continue To Worsen For Millions
While the monopoly-controlled media incessantly promotes disinformation, incoherence, and irrationalism about the U.S. economy, real people are experiencing harder economic conditions with each passing month. Below are 30 recent statistics that bear this out. ***** “More than half — 54% — of American millennials and Gen Z are still financially dependent on their parents, according […]
-
There’s too much Canada, not too little
A kid that already has handfuls of candies wants to take another whack at the piñata before others have had their first turn. That about sums up the foreign minister’s position on Canadian power in international affairs. Canada needs greater international influence, according to Melanie Joly. While the Foreign Affairs Minister’s recent comment elicited some […]
-
The Fall of the West
In his bestselling book of 1987, The Rise and Fall of Great Powers, historian Paul Kennedy chronicles the rise of western power and its world dominance from 1500 to the present. He reports that the rise was not due to any particular event, nor even an unusual series of events. It was, in fact, neither […]
English
Arabic
Chinese (Simplified)
Dutch
French
German
Italian
Portuguese
Russian
Spanish