Interestingly, a “BRICS People’s Council” has been established. Alternatives to fading Western hegemony are growing. Article produced by Globetrotter. Read the article HERE.
‘The crash of 2008 was supposed to augur the end of ultraspeculative financial capitalism. But financial actors have actually gone from strength to strength since then, and fictitious capital is a bigger menace to global […]
The Keynesian idea of an international system to balance global trade surpluses and deficits between countries is a utopian fantasy. Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from […]
A Marxist critique of a recent conference in the UK bringing together a broad swathe of the country’s leading progressive economists. Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted […]
What are financial assets worth in uninhabitable cities? Nothing. Robert Hunziker lives in Los Angeles and can be reached at rlhunziker@gmail.com. Cross-posted from Counterpunch Capitalism, like Antarctica and like the Amazon rainforest, is under threat of destruction by […]
The most important inequality for capitalism is the concentration of capital, with just 737 firms owning 80% of global wealth. Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from Michael […]
Digital capitalism does not just exist in ‘the cloud’, it leaves an increasingly large material footprint on the world which we need to understand better in order to control. Luis F. Alvarez Leon is author […]
Symptoms of decline in liberal capitalist democracy showing from South Korea to Germany. Cross-posted from Michael Hudson’s blog NIMA: Hi, everybody. Today is Thursday, December 5th, and our friends, Michael Hudson and Richard Wolff are […]
There was always going to be tension between Draghi’s strategy for the concentration of European capital and member-states seeking to protect their national capitalists. Read the article HERE.
Varoufakis discusses the ideas he developed in his new book, Technofeudalism. In New Left Review’s ‘Sidecar’. Read the article HERE.
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