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.
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.
Peter Drahos’ Survival Governance: Energy and Climate in the Chinese Century shows why US corporate-centric strategies, from shale production to carbon capture are a failure. A radically different model has to be embraced.
Deborah James on why we need to pay attention to proposed changes in global rules. Big Tech works to ensure technology and world trade operate for their benefit post-COVID and beyond. GPEnewsdocs.
Paul Jay Hola! Soy Paul Jay y bienvenidos al podcast de theAnalysis.news Este episodio se produce en colaboración con Other News. Other News es una plataforma de prensa internacional que…
Prabhat Patnaik reflects on the COVID-19 shock that has worsened the crisis triggered by globalized finance. Only two possibilities emerge: restructure capitalism by controlling finance, or let the tendencies towards very coercive forms of fascism grow.
Robert Pollin advocates a macroeconomic agenda centered on full employment. The decades long neoliberal attack on the working class is heightened with COVID-19. The world needs a New Deal to counter levels of unemployment and inequality last seen in the Great Depression.
Heiner Flassbeck shows it defies macroeconomic logic to promote surpluses for Germany, prohibit government deficits everywhere else and forbid the central bank from acting as the central bank of each and every EURO member.
Richard Kozul-Wright explains why these challenges need to be addressed at once in a transformative agenda. The COVID-19 crisis shows that funding can be made available; the problem is the lack of political will to confront the Wall Street consensus.
The coronovirus pandemic exposes the consequences of taking the neoliberal road decades ago, explains Prof Radhika Desai. She discusses the failures of the Western capitalist system and the need to reorient our societies and economies.
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