Category: Economics

Jack Rasmus: The New Colonialism: Greece & Ukraine

What both Greece and Ukraine represent is the development of new more direct management of wealth extraction, and the transfer of that wealth in the form of financial assets

Jay Arena: A People’s Reconstruction

A real post-Katrina revitalization of New Orleans would have meant more jobs and public services, not cutbacks and privatization

Yanis Varoufakis: Varoufakis in conversation with leading academics as Syriza splinters and election beckons in Greece

Questions for an “accidental economist

Pete Dolack: Speculators Circling Puerto Rico

Puerto Rico’s governor may have said the commonwealth’s debt is not payable, but that doesn’t mean Puerto Ricans aren’t going to pay for it. Vulture capitalists are circling the island, ready to extract still more wealth. You may already know the drill: capital is sucked out by corporate interests that pay little in taxes, and speculators swoop in

Jack Rasmus: China vs. the IMF

Behind the IMF’s decision to refuse China’s currency reserve status is U.S. commitment to protect its hegemonic role in the global economy

Richard D. Wolff: Déjà Vu: Germany Tightens Its Economic Power Over Europe

German capitalism in its way replicates the fundamental mistake of capitalists elsewhere. It does not know how or when to stop overstepping the limits of what the rest of society will endure and allow

Staughton Lynd: Anarchism, Marxism, And Victor Serge

A review of Anarchists Never Surrender: Essays, Polemics, and Correspondence on Anarchism, 1908-1938, ed. and translated by Mitchell Abidor

Jérôme Roos: Puerto Rico’s default is fine, as long as Wall Street is repaid

Why was Puerto Rico allowed to default while Greece was not? Just follow the money: those hit were the poor, while US hedge funds profit once more.

Michael T. Klare: Double-Dip Oil Rout

Why an Oil Glut May Lead to a New World of Energy

Heriberto Martínez-Otero: The Origins of the Puerto Rican Debt Crisis

More neoliberal policy won’t help Puerto Rico solve its debt crisis

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