Unfettered market fundamentalism has failed to deliver prosperity

By Marshall Auerback We are living in a time of prescriptions for America’s economic woes that carry little meaning. Forget what you hear on TV: Unfettered free trade, tariffs, de facto “open borders” immigration (a consequence of a political dysfunction that precludes genuine immigration reform), and market fundamentalism have done little to eliminate the paucity … Continue reading Unfettered market fundamentalism has failed to deliver prosperity

Starting from the bottom: a tale of the informal economy and inequality

By Namira Samir Of the five administrative cities of the Special Capital Region (DKI Jakarta), East Jakarta has the second-highest number of people living below the poverty line, according to the Central Bureau of Statistics. My minibus trip to East Jakarta has taught me about poverty and inequality more than books and lectures have ever done. … Continue reading Starting from the bottom: a tale of the informal economy and inequality

Surgical strikes: what attacks on Yemen and Khashoggi’s demise have in common

By Jefferson Morley It is the hour of CYA in Washington. The apparent assassination of Jamal Khashoggi and ensuing notoriety of Crown Prince Mohammad bin Salman have prompted some self-serving revisionist history from former Obama administration officials about the war in Yemen. From the pundit class to Congress, official Washington is now connecting the liquidation … Continue reading Surgical strikes: what attacks on Yemen and Khashoggi’s demise have in common

Yanis Varoufakis: Marx predicted our present crisis – and points the way out

The Communist Manifesto foresaw the predatory and polarised global capitalism of the 21st century. But Marx and Engels also showed us that we have the power to create a better world. By Yanis Varoufakis For a manifesto to succeed, it must speak to our hearts like a poem while infecting the mind with images and ideas … Continue reading Yanis Varoufakis: Marx predicted our present crisis – and points the way out

How BRICS Plus clashes with the US economic war on Iran

Rhetorical war has far-reaching consequences, including a potential economic slump via the disruption of global oil supplies By Pepe Escobar The key take away from the BRICS summit in Johannesburg is that Brazil, Russia, India, China and South Africa – important Global South players – strongly condemn unilateralism and protectionism. The Johannesburg Declaration is unmistakable: … Continue reading How BRICS Plus clashes with the US economic war on Iran