Category: Economics

T.J. Coles: Why The Poor Stay Poor

The devastating wars raging across the Middle East can be explained in large part by America’s commitment to a doctrine of global militarism called “full spectrum dominance

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Jack Rasmus: Brexit—Cameron’s Faustian Bargain

The Brexit vote will prove merely a tactic for UK elites to try to extract concessions from their EU capitalist competition

Pete Dolack: Regulation of financial industry is history if Trade In Services Agreement passes

The most secret of the international “free trade” agreements being negotiated around the world is the Trade In Services Agreement, which also might be the most draconian yet. If TISA were to go into effect, regulation of the financial industry would be effectively prohibited, privatizations would be accelerated and social security systems would potentially be Read more…

Rajesh Makwana: No recognition of ‘One Humanity’ at the World Humanitarian Forum

The ongoing failure of UN Member States to safeguard the most vulnerable was most recently demonstrated by policymakers meeting at the World Humanitarian Summit

Pete Dolack: Has the IMF renounced neoliberalism? Well, not really

Economics may be the dismal science, but dismal though classical economics is, it is far more art than science, as in the art of fleecing

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Noam Chomsky: Noam Chomsky & Yanis Varoufakis discuss Basic Income (Universal Income)

Talking about the concept of a basic income guarantee also known as a universal income

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Ben Dangl: After Empowering the 1% and Impoverishing Millions, IMF Admits Neoliberalism a Failure

The IMF suggests neoliberalism has been a failure. But it has worked very well for the global 1%, which was always the IMF and World Bank’s intent

Pete Dolack: Millions for the boss, cuts for you

The relentless competition endemic to capitalism mandates that corporations engage in an endless race to the bottom

Daniel Raventos: Basic Income Gathers Steam Across Europe

In the last few months basic income—an unconditional cash payment to every member of the population—has been getting more and more attention in the media and social networks

John Passant: Panama Papers: Capitalism Working for the Obscenely Rich

The Panama Papers show us, once again, that capitalism is a system of absolute greed. It is a system where capitalist governments help their mates to hide their income and wealth while all the time businesses pretend they are paying their “fair share” of taxes.

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