Capitalism

By Richard D. Wolff The desperate policies of panic-driven governments involve throwing huge amounts of money at the economies collapsed in response to the coronavirus threat. Monetary authorities create money and lend it at extremely low interest rates to the major corporations and especially big banks “to get them through… »

There is much debate about what the world will be like after the pandemic, and we really don’t even know when that will be. It may be that in some countries contagion will peak in a few weeks and then decline, but simultaneously contagion may advance in other nations. We… »

Nick Hanauer is a rich guy, an unrepentant capitalist — and he has something to say to his fellow plutocrats: Wake up! Growing inequality is about to push our societies into conditions resembling pre-revolutionary France. Hear his argument about why a dramatic increase in minimum wage could grow the middle… »

At the International Social Forum organised by the UK Labour Party on the 13th and 14th of July 2019 a host of international speakers attended to give talks on subjects from global economics, climate crisis, global finance and accountability, movement of people and trade protectionism.  We publish here the transcript… »

At an international conference in New York City, a new group of scholars is studying alternatives to capitalism. Lara Monticelli  & Torsten Geelan for openDemocracy (image by Liz MC, CC by 2.0) In an historical moment when governments and citizens around the world are called on to take… »

The economic system is incompatible with the survival of life on Earth. It is time to design a new one By George Monbiot  for The Guardian For most of my adult life I’ve railed against “corporate capitalism”, “consumer capitalism” and “crony capitalism”. It took me a long time… »

By Bill Van Auken Self-proclaimed “interim president” Juan Guaidó returned to Venezuela after an 11-day absence Monday, escorted into the country by a phalanx of Western diplomats, including the ambassadors of the US, Germany, France, Canada, Brazil and several other countries. In advance of his return, Washington issued threats of… »

We take the future Asian superpower for granted, but who is their Robert Redford? By Rafael Poch for Ctxt. In the 20th century, in order to become a global superpower, the United States established itself in the first phase as the hegemonic power of the Western Hemisphere. »

Text and photos by Mauricio Alvarez. The Yellow Vests movement is growing more and more. A few days before a fourth major day of demonstrations, scheduled for Saturday, December 8, 2018, actions are multiplying all over France: roadblocks, blockades of petrol stations, “toll-free” operations, and so on. Despite the government’s… »

By Bill Van Auken Brazil’s National Museum in Rio de Janeiro was gutted Sunday night by a massive fire that consumed not only the historic 19tth century palace that housed the institution, but a vast and irreplaceable collection of what was by far the largest natural history and anthropology museum… »