Author: Lynn Fries

Imperialism Then and Now: Wealth, Unemployment, and Insufficient Demand- Pt 1/3 Prabhat Patnaik

Imperialism Then and Now: Wealth, Unemployment, and Insufficient Demand- Pt 1/3 Prabhat Patnaik

ByLynn Fries

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.

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Imperialism Then and Now: Capital Relocation, Inequality, Encroachment and Protracted Crisis -Pt 3/3

Imperialism Then and Now: Capital Relocation, Inequality, Encroachment and Protracted Crisis -Pt 3/3

ByLynn Fries

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.

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Imperialism Then and Now: Drain of Wealth, Depression, Role of the State and Globalization-Pt 2/3

Imperialism Then and Now: Drain of Wealth, Depression, Role of the State and Globalization-Pt 2/3

ByLynn Fries

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.

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Global Coup d’État: Mapping the Corporate Takeover of Global Governance – GPEnewsdocs

Global Coup d’État: Mapping the Corporate Takeover of Global Governance – GPEnewsdocs

ByLynn Fries

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.

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Polarization, Then a Crash: Michael Hudson on the Rentier Economy

Polarization, Then a Crash: Michael Hudson on the Rentier Economy

ByLynn Fries

Allied with landlords and monopolists, the finance sector is extracting economic rents from the economy that’s impoverishing US government, industry and labor says Michael Hudson discussing the chokehold of pro-finance, pro-rentier capitalism reaching into the present COVID-19 crisis.

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Peoples’ Lives vs. Profits of Pharmaceutical Monopolies – GPE Newsdocs

Peoples’ Lives vs. Profits of Pharmaceutical Monopolies – GPE Newsdocs

ByLynn Fries

The governments of India and South-Africa backed by about 100 countries and counting are calling for a waiver on patents over COVID-19 related medicines and equipment. Headquarter countries of Big Pharma are opposing it. The debate is going on at the WTO and will be decided soon.

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