In a world of financialised globalisation, prices of food are not determined by the simplistic laws of supply and demand. Prices are determined by a wall of money wielded by relatively few, invisible speculators and aimed at largely unregulated global grain markets.
Austerity
Larry Elliot: Some praise our gig economy flexibility. I call it exploitation
While Silicon Valley cannot praise the gig economy enough as a great opportunity, they forget to add that it is a great opportunity for them to earn money, not the workers. Read here
Economics
Cahal Moran – Top Marx for Pluralism
According to Marxist theory, the Tendency of the Rate of Profit to Fall (TRPF) leads to recurrent crises under capitalism. It’s a helpful device for framing the history of modern capitalism, from the profitability crisis of the 1970s […]
Economics
Bill Mitchell: European Commission processes still biased towards fiscal austerity
I consider that there is little hope that European Commission will be able to resume its Excessive Deficit Mechanism process in 2022 without causing massive damage to already damaged economies. But I have no doubt […]
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