Economy & Work

IMF & Private Creditors Subject Sri Lanka to Neo-Colonial Debt Bondage – Asoka Bandarage part 1/2
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IMF & Private Creditors Subject Sri Lanka to Neo-Colonial Debt Bondage – Asoka Bandarage part 1/2

ByTalia Baroncelli

The Sri Lankan government turned to the IMF for a near $3 billion bailout to repay loans provided by India and Japan, as well as international sovereign bonds issued by foreign creditors such as BlackRock. Dr. Asoka Bandarage, sociologist and author of Crisis in Sri Lanka and the World, suggests that Prime Minister Rajapaksa’s declaration of bankruptcy in 2022 and the subsequent IMF bailout under Prime Minister Wickremesinghe was not an absolute necessity, but an attempt to shift Sri Lanka further under the umbrella of Western and Indian institutions, and away from Chinese loans.

Capitalocene: How Capitalism Created the Climate Crisis – Jason W. Moore pt 1/2
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Capitalocene: How Capitalism Created the Climate Crisis – Jason W. Moore pt 1/2

ByTalia Baroncelli

The current climate crisis emerged out of a specific set of historical and economic factors which have maintained capitalist accumulation and class inequalities to this day. Jason W. Moore, geographer and Professor of Sociology at Binghamton University, explains how the development of capitalism fueled European colonialism and Western imperialism, resulting in a novel form of climate destruction.

The Assertion of Popular Power: A Climate Movement Imperative – Jason W. Moore pt 2/2
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The Assertion of Popular Power: A Climate Movement Imperative – Jason W. Moore pt 2/2

ByTalia Baroncelli

In part 2, historian and geographer Jason W. Moore explains why climate and revolutionary struggles must understand capitalist dynamics and deploy a language of universal class solidarity to overthrow transnational power structures perpetuating the climate crisis.

Why did UAW’s Shawn Fain Endorse Biden After Calling for a Ceasefire? – Frank Hammer
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Why did UAW’s Shawn Fain Endorse Biden After Calling for a Ceasefire? – Frank Hammer

ByTalia Baroncelli

UAW president Shawn Fain called for an immediate ceasefire in Gaza yet endorsed Biden, who has been accused of complicity in Israel’s genocidal war. Frank Hammer, a former president and chairman of the United Auto Workers local 909 in Detroit, joins theAnalysis to discuss the role of the UAW and the working class in balancing opposing Biden’s policies and a possible Trump victory.

Wealth Supremacy vs. The Democratic Economy with Marjorie Kelly
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Wealth Supremacy vs. The Democratic Economy with Marjorie Kelly

ByColin Bruce Anthes

Renowned social theorist, systems thinker, and organizer, Marjorie Kelly, gives an early look at her new book: Wealth Supremacy. Speaking with Colin Bruce Anthes, she details the entrenched ways our current system is built around myths that make giving more wealth to the already wealthy seem necessary— even when we try to use our institutions for the common good. Kelly contrasts this with an outnumbered but successful democratic economy with many forms of democratized ownership and participation: public utilities, employee-owned companies, community land trusts, cooperatives, and more. We can create an economy that works for everyone, she argues, but only if we systematically discredit the moral status of wealth supremacy and turn towards a democratic economy paradigm.

Seeking Full Employment Without Falling Prey to Neoliberal Traps

Seeking Full Employment Without Falling Prey to Neoliberal Traps

ByLynn Fries

William Mitchell exposes the many ideological maneuvers progressives need to confront in disputing the supremacy of profits over employment and people’s dignity. That goes for disciplining the state to appease foreign exchange markets, the problems with Basic Income proposals, and much more. Lynn Fries interviews William Mitchell on GPEnewsdocs.

BRICS: Talk Left, Walk Right – Patrick Bond (pt 2/2)
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BRICS: Talk Left, Walk Right – Patrick Bond (pt 2/2)

ByTalia Baroncelli

In part 2, Patrick Bond broadens out his analysis of the BRICS countries engaging in what he terms “talk left, walk right.” He explains the economic theories of “accumulation by dispossession” and refers back to the aims of the Non-Aligned Movement of 1961 and the spirit of the 1955 Bandung Conference.

UAW: Historic Demand to Eliminate Wage Tiers – Frank Hammer

UAW: Historic Demand to Eliminate Wage Tiers – Frank Hammer

ByTalia Baroncelli

Frank Hammer, former President of United Auto Workers (UAW) local 909 in Detroit and retired GM worker, explains how “legacy” workers are standing up for new hires. This is critical to building working-class solidarity. He also reflects on the history of autoworker strikes in the U.S. and in Mexico, reminding us of the deadly incident at the Ford Cuautitlán plant, in which thugs dressed in Ford uniforms shot dead one of the workers and injured ten others.

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