For an explanation of the massive inflationary wave that is now cresting on the world and causing widespread suffering and instability, Vijay Prashad turns to U.S. economic policy.
Investing in Guns or People?
Category: Economy
Dark Times with a Sliver of Light
Vijay Prashad raises the hope that Argentina — which just joined China’s BRI — can forge a development strategy not written by IMF staffers in Washington.
IMF Loans Forcing Austerity on Crisis-Ravaged Nations
IMF pandemic-related loans are forcing developing nations to implement austerity measures that fuel further impoverishment and inequality, an Oxfam analysis finds.
Globalization Without an Epicenter
E. Ahmet Tonak and Vijay Prashad say a retreat from Western-designed globalization by some areas of the world began before the pandemic and before Russia’s war on Ukraine.
Pepe Escobar: On the Dawn of a New Global Financial System
Pepe Escobar interviews the Eurasia Economic Union’s Sergey Glazyev, a man in the eye of our current geopolitical and geo-economic hurricane.
Report: Ukraine Crisis Profiteering by US Oil Giants
An analysis by BailoutWatch, Friends of the Earth and Public Citizen describes the two main tactics that fossil fuel giants use to benefit investors.
Amazon, Starbucks & a New US Union Movement
To reverse the long-term decline in union membership, John Logan says pro-union workers will need stronger protections.
READ: Transcript of CN Live! — ‘Ukraine: The Economic Fallout’ With Richard Wolff and Michael Hudson
Economists Michael Hudson and Richard Wolff joined CN Live! to discuss the economic war against Russia and its boomerang effect on the West. Does it mean that globalization is over?
WATCH: CN Live! — Ukraine: The Economic Fallout
UPDATED WITH TRANSCRIPT: Economists Michael Hudson and Richard Wolff join CN Live! to discuss the economic war against Russia, its boomerang effect on the West. Is globalization over? Watch the replay.
The World Still Belongs to the Banks
By mirroring power, Vijay Prashad says that the barren ideas of right-wing intellectuals are made to appear reasonable.