Category: Political Economy

DSA’s Flawed International Outlook: The Appeal of the Mass Party and its Contradictions

There’s something very contradictory in this position that needs to be pointed out. The parties that DSA has focused on weren’t always mass parties. Often, they began as just the kind of plebeian networks or far left grouplets that DSA eschews as irrelevant.

Social Explosion in Cuba: The Ignored Signals

In my opinion, there are two determining factors that have led to this moment of malaise. On the one hand, the inability of our rulers to channel a successful reform path…On the other hand, there is the ability of citizens to submit this incapacity to public judgment, which is something new.

Cuban Protests and the American Reaction

The moment that thousands took to the streets in unprecedented national demonstrations in Cuba on July 11 demanding “freedom,” everyone in Cuba and in the United States recognized that we are at a critical moment.

South Africa

“The Masses Are Not Protected”

Post-Apartheid Symptoms of Morbidity

Everyone’s focus is on trying to save what is dying in South Africa. Few are paying attention to what is struggling to be born.

Where Should Socialists Stand on Cuba Today?

International socialists should oppose the US embargo and US military intervention in Cuba, but should also support the right of Cubans to demonstrate on any issue that they choose.

Will Africa Be the Last Oil Frontier?

In the wildlife preserves of the Okavango Delta—home to 200,000 people and spanning parts of Namibia and Botswana—a Canadian oil company is drilling for oil over the fierce opposition of indigenous people, activists and environmental experts.

Ecological Imperialism and Jair Bolsonaro’s Agenda in Brazil

The case of Brazil under Bolsonaro helps to illustrate how authoritarian governments in the Global South see ecological concerns as impediments to capitalist growth.

The Unmaking of Global Capitalism?

The co-author of The Making of Global Capitalism considers how well their analysis has stood up.

Sanctions: An Overview and Application to Myanmar Solidarity

What should the Left’s attitude be towards sanctions against the military regime in Myanmar?

One Hundred Years of the Russian NEP – Lessons for Cuba

The lesson of the Russian NEP is that economic liberalization does not necessarily signify the democratization of a country, and that it may be accompanied by the elimination of democracy.

Does Biden’s American Rescue Plan Open a New Era of Reform?

Democrats claim that Biden’s ARP continues the work of Roosevelt and Johnson and that it will transform America. Yet, while these reforms are much needed, none of the programs begins to transform the fundamental structures of American capitalism.

Thomas Piketty and Karl Marx: Two totally different visions of Capital

Piketty proposes a scenario that suggests capital has been present from the origins of humanity and that revenue from a savings account held by a limited-income retired person is the same as revenue derived from capital.

Climate Change Comes to Republican Texas Producing a Disaster

Twenty years ago, Republicans took over Texas’ governorship, house, and senate and then deregulated and neglected the state’s energy systems, leading to this catastrophe.

State-Corporatist Alliance and Farmers’ Unrest in India

The ongoing Indian farmers’ protest in reaction to corporatisation of agricultural land and access to Mandis (open markets) demands an urgent legal reexamination of its impact on agrarian labour and small-scale farmers.

Trump Acquitted, Biden Builds Business Support for Relief

While Trump remains a major figure and his mass base a serious problem, today his party is weaker than ever. While Republican disarray benefits Democrats, Biden’s party still faces COVID, economic depression, climate change, and racism.

How the GameStop Saga Fell Short

The Wall Street establishment’s swift suppression of GameStop trading has illuminated how the endless drive for profit, inherent in capitalism, extends not just to destroying the lives and jobs of the working class, but even to thwarting the market itself.

Biden Moves Ahead as Republicans Line Up Behind Trump

President Joseph Biden, in office for less than a month, continued to move ahead with his plan to solve the American health and economic crises and to reassert U.S. global dominance. As he pushes ahead with his relief program, Republicans have lined up behind Trump.

review

China’s Workers Battle Apple and Foxconn

Foxconn promises the world but delivers hell, as the authors lay bare.

A Novel Challenge to the 1% as Populism Comes to the Stock Market

America’s contemporary populist impulse that gave us both the Bernie Sanders progressive campaign and Donald Trump’s reactionary Make America Great Again, has now given us the small trader rebellion against the hedge funds.

The Cost of “Financial Literacy”

The book suggests that the key to ascending from the working class is to join the owning class through investing, where you can forever feed from the golden trough of passive-income, typically replenished by the working class you were once a part of.

review

A Leftist Perspective on China’s Environmental Destruction

As “part of China,” we Hong Kongers have seen how China’s economic growth has contributed to the degradation of its environment. To be fair, Hong Kong’s economic takeoff had already harmed its environment before China took over the city. We . . .

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