The economic doctrine promoted by the IMF after the fall of the Berlin Wall brought massive damage in the countries now at war. Prabhat Patnaik looks at how the role of the IMF was instrumental to the advance of Western metropolitan powers in the post-Soviet region. Lynn Fries interviews Patnaik on GPEnewsdocs.
James K. Galbraith discusses the shift of US capitalism from an industrial state to what he calls a predator state: a finance-led, military-centered corporate republic that continues to prevail. To overcome it, he lays out what is needed to focus on employment, stability and adjustments to rising resource costs. Lynn Fries interviews Galbraith on GPEnewsdocs.
Research by Tim Wise (GDAE-Tufts University) is conclusive and fully resonates with claims by Africa’s biggest grassroots movement, the Alliance for Food Sovereignty in Africa: the corporate capture of food systems should be rejected. Donors and government funding must shift to agroecology. This is an interview hosted by Lynn Fries of GPEnewsdocs.
Imperialism which existed in the colonial era persists to this day and the system cannot do without it. In a 3 Part series, Prabhat Patnaik discusses his read on the history of capitalism from colonialism into the present. Prabhat Patnaik reviews the connection between imperialism and capitalism through history to stress that by necessity of the accumulation of wealth, somewhere demand has to be suppressed to provide cheap inputs to ‘the markets’. The colonialist relation is retained to the present, with changing subjects.
In a 3 Part series, Prabhat Patnaik discusses his read on the history of capitalism from colonialism into the present. Prabhat Patnaik shows that as capital is relocated, real wages do not rise, inequality widens, and global demand is suppressed. The system remains in protracted crisis, Keynesianism in the North alone is no solution. The struggle is everywhere.
Imperialism which existed in the colonial era persists to this day and the system cannot do without it. In a 3 Part series, Prabhat Patnaik discusses his read on the history of capitalism from colonialism into the present. Prabhat Patnaik explains how the colonial system led to depression. Then, in advanced countries governments stepped in to increase demand and productivity, but how unless the periphery is available for extraction of wealth and cheap provision of inputs the system would collapse. So, the Global South was absorbed by a globalization process where finance becomes predominant, income deflation is widespread and governments everywhere are turned into the servants of financialization.
Mega-corporations are all set to walk away with the keys to global governance of food and agriculture at the UN Food Systems Summit later this year. Pat Mooney talks about what is at stake and The Long Food Movement counter strategy.
For sustainable recovery from the COVID-19 global economic shock, it’s imperative to break from policy choices that produce a concentration of economic power and wealth in a limited section of the economy but old habits, die hard warns UNCTAD’s Richard Kozul-Wright.
Corporations have stepped beyond lobbying governments. They are integrating in policy making at the national and international levels. Decisions historically taken by governments are increasingly taken by secretive unaccountable bodies run by corporations says Nick Buxton describing The Great Corporate Takeover mapped by peoples movements and scholars.
Intellectual property like pharmaceutical patents is one reason so many people face a long wait for COVID-19 vaccines says Dean Baker. GPEnewsdocs
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