The World Bank has sounded the alarm, but the forces of “centrism” — beholden to billionaires and the politics of austerity — refuse to pivot away from the neoliberal catastrophe, writes Vijay Prashad.
Bolsonarism Without Bolsonaro
Category: Economy
An Achievable Necessity
“It is easier to imagine the end of the earth than to imagine the end of capitalism.” Vijay Prashad reflects on the work of the Tricontinental: Institute for Social Research in developing a necessary worldview.
A Case for Nationalizing US Airlines
Outside the United States, in countries ranging from Argentina and Malaysia to Finland and Fiji, airlines essentially operate as a public utility, not an opportunity for big CEO paydays, writes Sam Pizzigati.
FTX Mirrors 18th Century British Financial Scandal
A tradition of loose oversight and regulations has been the hallmark of Anglo-American capitalism, writes Amy Froide.
Health Workers in UK Intensifying Fight
Royal College of Nursing’s Pat Cullen says Prime Minister Sunak “should ask himself what is motivating nursing staff to stand outside their hospitals for a second day so close to Christmas.”
Low-Income World in Multi-Trillion Debt Squeeze
Rising interest rates and slowing global growth risk tipping a large number of countries into crisis, Baher Kamal reports.
US Utility Giants Reap Huge Profits as Households Struggle
Companies pocketed $14 billion in the first nine months of 2022 while roughly 20 million households are behind on payments amid warnings of widespread shutoffs, a watchdog group finds.
The Petrodollar’s Long Goodbye
As part of their concern about “currency power,” many countries in the Global South are eager to develop non-dollar trade and investment systems, writes Vijay Prashad.
Varoufakis: How to End ‘Global Empire of Capital’
In the face of climate catastrophe and a rising risk of nuclear war, Greece’s former finance minister says the global ruling class are “doing their best to push humanity over both cliffs at once.”
An Economist for the Whole Earth
Without greater equality, Herman Daly, the pioneer of ecological economics, helped us understand that the environment has no real shot at renewal, writes Sam Pizzigati.