Demowp

Tag: Economy

  • Multipolarity and BRICS Once More

    Multipolarity and BRICS Once More

    The debates over “multipolarity” and the significance of an allegedly multipolar BRICS grouping continue. In an opinion piece in People’s Voice (“Multipolarity, BRICS+ and the struggle for peace, cooperation, and socialism today,” June 16-30, 2024) writer Garrett Halas mounts an earnest defense of multipolarity and the BRICS+ “as a positive step towards socialism.” Halas joins […]

  • War on Farmers: World Bank Sowing Seed Colonialism in Africa

    In Kenya, a law was passed in 2012 that prohibits farmers’ rights to save, share, exchange or sell unregistered seeds. Farmers could face up to two years in prison and a fine of up to 1 million Kenyan shillings (equivalent to nearly four years’ wages for a farmer). However, in 2022, Kenyan smallholder farmers launched […]

  • The War in the Democratic Republic of the Congo Will End

    The War in the Democratic Republic of the Congo Will End

    Jardy Ndombasi (DRC), Soulèvement populaire et souveraineté (‘Popular Uprising and Sovereignty’), 2024. On 20 June, the United Nations Security Council (UNSC) condemned the attacks on civilians in the Democratic Republic of the Congo (DRC) ‘in the strongest terms’. In its press statement, the UNSC wrote that these attacks – by both the DRC’s armed forces […]

  • How Venezuela Is Overcoming the US Blockade

    The future of Venezuela’s Bolivarian Revolution, a target of US imperial power since its inception in 1998, may be decided on July 28, the date of their presidential election. Incumbent President Nicolás Maduro and seven other presidential candidates pledged to abide by the choice of the electorate. Edmundo González, promoted by the US, and another […]

  • Victory for the Disposables: The Sentencing of the Hindujas

    In his seminal work on modern slavery, Kevin Bales does away with certain, antiquated concepts.  In its insidious, older form, one focused on the concept of natal alienation, slaves were chattels and assets, outrightly owned.  Each slave system was distinct and protean, if marked by certain universal features. The universal feature of ownership, at least […]

  • A Month Traveling in China

    My Chinese-speaking wife and I recently traveled to nine different cities and towns in China over the course of a month, our fourth trip since 2005. We were also to go in 2020, but the covid lockdown canceled it. That year we could have booked a train ticket to Xinjiang and traveled around that province […]

  • Is the Reign of the Dollar Coming to an End?

    Is the Reign of the Dollar Coming to an End?

    Jiang Tiefeng (China), Stone Forest, 1979. In early June, a rumour began to circulate – which was widely reported in the Indian press as true – that the government of Saudi Arabia had allowed its petrodollar agreement with the United States to lapse. This agreement, made in 1974, is quite straight-forward and fulfills various needs […]

  • Why Does the Government Borrow When It Can Print?

    In the first seven months of Fiscal Year (FY) 2024, net interest (payments minus income) on the federal debt reached $514 billion, exceeding spending on both national defense ($498 billion) and Medicare ($465 billion). The interest tab also exceeded all the money spent on veterans, education, and transportation combined. Spending on interest is now the second […]

  • How Donald Trump Worked to Destroy America’s Labor Unions

    How Donald Trump Worked to Destroy America’s Labor Unions

    Although Donald Trump has been eager to garner support from American labor unions for his re- election campaign, there are lots of reasons he’s not going to get it.  Chief among them is his record in sabotaging the nation’s labor movement. During his decades as a wealthy businessman, Trump clashed with unions repeatedly.  And, upon […]

  • It’s Time for Citi to Cut Ties with Genocide

    It’s Time for Citi to Cut Ties with Genocide

    The U.S. arms and supports Israel’s genocide and one of its largest banks, Citibank, plays a key role. Our latest visual in partnership with the Banking on Solidarity campaign illustrates how Citi helps arm Israel, finances weapons companies that make the weapons Israel uses in Gaza, and invests in the Israeli financial and tech sectors. […]

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