Category: Political Economy

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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Biden Will have a Short Honeymoon

The current celebratory mood of the Democrats and the honeymoon with the president is not likely to last long, given both who Biden is and the health and economic challenges that he faces.

review

Capitalism, Romanticism, and Nature

Robert Sayre and Michael Löwy’s Romantic Anti-capitalism and Nature is an extremely interesting book—enjoyable, informative, and intellectually stimulating.

review
Isabel Wilkerson’s Caste

The Occlusion of Political Economy

Wilkerson’s adroit storytelling jumps off the page, but the glaring omission in her book is political economy.

Latin America in the Time of COVID

Gonzalez examines the development of Latin American political economy and impact of the COVID-19 pandemic.

Workers of the World: Growth, Change, and Rebellion

An examination of the global working-class labor force in the twenty-first century.

Western Imperialism and the Role of Sub-imperialism in the Global South

An examination of the significance of BRICS countries as “sub-imperial” powers in the context of global capitalism and imperialism.

Bolivia’s Elections

The Return of Democracy and an Uncertain Future

Bolivia has given the world an impressive lesson in democracy, but reactionary sectors of the country are once again revealing their anti-democratic impulse.

The empire strikes back: Joe Biden’s plan to restore U.S. hegemony

Biden is proposing to combine Obama’s muscular multilateralism with Trump’s focus on great power rivalry with China and Russia. This augurs not the peace that liberals hoped for, but a dangerous reassertion of U.S. imperial power.

In Appreciation of Leo Panitch

The sudden death our friend and comrade Leo Panitch has led to an extraordinary outpouring of sadness and appreciation across the world. Very few intellectuals on the left have had the intellectual impact on progressive thinkers and activists that Leo has had.

Racism and Capitalism

Because capitalism and racism are intertwined, and because of the role that racism plays in dividing the working class, if we want to fight against capitalism and class inequality, anti-racism has to be at the center of our activity.

Cuba’s New Economic Turn

A series of recent developments in Cuba have struck the already faltering economy of the island leading the government to adopt a series of economic policies that point towards a greater opening to capital while maintaining the political controls of the one-party state.

The Hunger of Vibrant Matter: Materialism and Food in the Pandemic

The fundamental contradiction between production for exchange (profit) versus production for use (need) is the source not only of intermittent food deprivation, but of chronic and acute, life-threatening hunger for hundreds of millions of people worldwide.

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