Tag: Economy

  • 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 […]

  • 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 […]

  • Fitch Downgrades US Debt Rating

    On Tuesday, Fitch Ratings, one of the leading three US credit rating agencies, announced: US’ long-term foreign-currency issuer defaulting rating would be downgraded. Among other factors pushing this downgrading, Fitch cited issues with governance, rising deficits and a looming recession. Fitch, on an earlier occasion, put the US on watch for a potential downgrade. At […]

  • There Are Enough Resources in the World to Fulfill Human Needs, But Not Enough Resources to Satisfy Capitalist Greed

    There Are Enough Resources in the World to Fulfill Human Needs, But Not Enough Resources to Satisfy Capitalist Greed

    Kurt Nahar (Suriname), Untitled 2369, 2008. On 20 July, the United Nations (UN) released a document called A New Agenda for Peace. In the opening section of the report, UN Secretary-General António Guterres made some remarks that bear close reflection: We are now at an inflection point. The post-Cold War period is over. A transition […]

  • Western Tales About China are Just Tales

    Introduction Western media never stop warning us of China: it menaces Taiwan, threatens its neighbors and shipping lanes in the South China Sea, and sticks military bases on Cuba. China, we are told, spies on us by the most devious means, through TikTok, Huawei 5G, and weather balloons. And China, say our media, ensnares Africa […]

  • Let Them Eat Bugs: Challenging the WEF’s Corporate-Driven Food Reset

    The prevailing globalised agrifood model is built on unjust trade policies, the leveraging of sovereign debt, population displacement and land dispossession. It fuels commodity monocropping and food insecurity as well as soil and environmental degradation. It is responsible for increasing rates of illness, nutrient-deficient diets, a narrowing of the range of food crops, water shortages, […]

  • No Let-Up In U.S. Economic Decline

    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 […]

  • Starmer is selling Labour to big business; in power he will do the same

    What has happened to Britain’s opposition Labour Party under Keir Starmer? The familiar adage “follow the money” helps make sense of the party’s policy shifts ever further rightwards. Labour plumbed new depths earlier this month when it conceded that, in power, it would maintain the government’s cap on child benefit, restricting financial help to the first […]

  • The Cycles and Spirals of Capitalism

    The Cycles and Spirals of Capitalism

    Orientation How long has capitalism existed? Has it always been with us all the way back to tribal societies or is it a product of the modern age? Is there any pattern to its evolution? Is it cyclic,  spiral-like  or random? What is the nature of capitalist crises? Why does capitalism grow flush in certain […]

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