Economics

Geopolitical contests between the U.S. and China hinge on technology more than the ability to deploy a gunboat somewhere; Taiwan could resemble a prototype for a tech proxy war. By Marshall Auerback The media likes to dabble in war game…

The Argentine government has struck a substantial debt deal with some major creditors, saving it billions. What exactly is the deal about and could it save the ailing economy? Argentina owes a fortune — $323 billion (€274 billion) as of…

The coronavirus pandemic has allowed us to conduct an experiment on how government assistance is good for people and the economy. By Sonali Kolhatkar When Congress passed the CARES Act earlier this year, lawmakers gave some low-wage Americans who lost…

By Medea Benjamin and Nicolas J S Davies Tensions between the United States and China are rising as the U.S. election nears, with tit-for-tat consulate closures, new U.S. sanctions and no less than three U.S. aircraft carrier strike groups prowling…

By Yanis Varoufakis* On 15th July, Ben Arc published in Bitcoin Magazine an open letter addressed to me in a bid to convince me that I should re-assess my rejection of Bitcoin as a force for good; as a bulwark…

After years of talking about abandoning the U.S. dollar, Russia and China are doing it for real. In the first quarter of 2020, the share of the dollar in trade between the countries fell below 50 percent for the first…

We need immediate and comprehensive RENT RELIEF. We strongly support legislation that will be introduced to the New York State Assembly by Assembly Member Harvey Epstein. After listening to our concerns and heeding our input, Assembly Member Epstein drafted a…

By Vijay Prashad and Alejandro Bejarano On July 24, 2020, Tesla’s Elon Musk wrote on Twitter that a second U.S. “government stimulus package is not in the best interests of the people.” Someone responded to Musk soon after, “You know…

Viewpoint by Jonathan Power* There is “Magic Money” around in case you didn’t know. Not quite made out of thin air, but getting on that way. This is a phrase invented by the economic writer, Sebastian Mallaby, in the new…

By Richard D. Wolff In January 2020, the NASDAQ stock market’s index stood just under 10,000. In the March crash, it fell to 7,000. As of July 10, 2020, it hit 10,600. The U.S. government’s economic policies produced a “recovery”…