Demowp

Tag: Macroeconomics

  • Did Marx Have Anything Good to Say About Capitalism?

    Those who assume that Karl Marx emphasized only the negative characteristics of capitalism such as alienation, crisis, and exploitation are mistaken. Indeed, throughout his intellectual career – in philosophic, journalistic, historical, and economic writings – Marx stressed the creative and progressive features of capital. His social theory makes no sense unless essential duality is retained. […]

  • “Quantitative Easing with Chinese Characteristics”

    “Quantitative Easing with Chinese Characteristics”

    China went from one of the poorest countries in the world to global economic powerhouse in a mere four decades. Currently featured in the news is DeepSeek, the free, open source A.I. built by innovative Chinese entrepreneurs which just pricked the massive U.S. A.I. bubble. Even more impressive, however, is the infrastructure China has built, including 26,000 […]

  • Multipolar World Order, Leading Role of Emerging Economies, and Western Debt: Key Takeaways from Putin’s BRICS Address

    Multipolar World Order, Leading Role of Emerging Economies, and Western Debt: Key Takeaways from Putin’s BRICS Address

    President of Russia Vladimir Putin during an expanded meeting of BRICS leaders during the 16th BRICS summit in Kazan. ©  Sputnik / Stanislav Krasilnikov Russian President Vladimir Putin addressed a meeting of leaders at the BRICS Summit in Kazan on Wednesday. In his speech, he focused on the growing role and prospects of the economic […]

  • 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 […]

  • Why Are U.S.-imposed Problems the Main Headwind China Faces?

    In 2023, China achieved a strong 5.2 percent GDP growth rate, leading major global economies and driving worldwide economic growth, despite facing a complex and severe economic landscape. Yet, what challenges lie ahead for China’s enduring economic growth? In the special edition of The Hub, Wang Guan talks to Jeffrey Sachs, professor and director of […]

  • Is There an Answer to Inflation?

    Is There an Answer to Inflation?

    Inflation is a scourge on those cursed with living under the capitalist order. It especially punishes those least able to weather the pain of constantly falling behind rising prices and expanding debt. Inflation harms nearly all working people whose income growth trails the rise in prices, including those with union contracts that bridge periods of […]

  • The Washington Post Bashes Xi Jinping

    In the age of disinformation and artificial information, Jeff Bezos’ Washington Post (WaPo) manages to have some credibility. After its February 22 editorial, “Mr. Xi is tanking China’s economy,” Jeff Bezos would be wise to sell the newspaper. If those who lead the Editorial Board make childish mistakes and recite obvious falsehoods, can anyone believe […]

  • Russian Economy Growing Faster than Main Western Rivals – Putin

    Russian Economy Growing Faster than Main Western Rivals – Putin

    ©  Sputnik/Evgeny Biyatov The Russian economy keeps growing and has already become the largest in Europe and the fifth largest in the world in terms of purchasing power parity (PPP), President Vladimir Putin said while speaking at the ‘Everything for Victory’ forum in the city of Tula on Friday. PPP is a metric popular with […]

  • The IMF’s Neocolonial Grip on Pakistan Is the Same as Its Grip on the Third World

    The IMF’s Neocolonial Grip on Pakistan Is the Same as Its Grip on the Third World

    Pakistan has made international headlines repeatedly over the last year for almost all the wrong reasons. While the country has been associated with extremism and terrorism for over two decades, more recently Pakistan has become known for natural disasters and political upheavals. Among the issues that deserve serious scrutiny – but gets little to no […]

  • Poverty in Greece

    New York Times published a news article “Greece, Battered a Decade Ago, Is Booming” by Liz Alderman, with additional reporting from Niki Kitsantonis (Monday, Sept. 25 / in print on Saturday, Sept. 30, Section B, Page 1 with the headline: “A New Era of Prosperity for Greece”). The article informs us that Greece was hit by an economic crisis […]

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