Economy & Work

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.

Debt and Climate Crisis in Sri Lanka and the World – Asoka Bandarage
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Debt and Climate Crisis in Sri Lanka and the World – Asoka Bandarage

ByTalia Baroncelli

Dr. Asoka Bandarage is an adjunct professor at the California Institute for Integral Studies and the author of a new book, Crisis in Sri Lanka and the World. Sri Lanka has had a minuscule carbon footprint, and yet the country is particularly vulnerable to the effects of climate change, coastal erosion, and flooding. She discusses the convergence of existential climate and debt crises in Sri Lanka, the latter resulting from IMF debt restructuring and the lack of a globally coordinated multilateral sovereign debt mechanism that places traditional and private lenders on an equal footing.

Corruption in Lebanon Propped up by the Transnational Capitalist Elite – Nadim Houry
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Corruption in Lebanon Propped up by the Transnational Capitalist Elite – Nadim Houry

ByTalia Baroncelli

Widespread corruption in Lebanon is fostered by the country’s ruling class, whose business interests are enmeshed with those of international finance. Nadim Houry, executive director of the Arab Reform Initiative, explains how Lebanon’s culture of political impunity is tied to the reconstruction agreements put in place in 1990, at the end of the 15-year civil war. The ongoing political deadlock shields the authorities from scrutiny and allows for vulture capitalists such as the former governor of Lebanon’s Central Bank, Riad Salameh, to embezzle the country’s resources. At the same time, ordinary people are faced with crushing inflation.

Non-Aligned Movement +G77 (Group of Developing Countries) versus G7+NATO+OECD+World Economic Forum
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Non-Aligned Movement +G77 (Group of Developing Countries) versus G7+NATO+OECD+World Economic Forum

ByLynn Fries

Jomo K.S. warns U.S. policies are driving the world towards war and depression, leaving developing countries with a strong vested interest to reconvene a new non-aligned movement and strengthen democratic institutions of global governance. Lynn Fries interviews Jomo K.S. on GPEnewsdocs.

Practical Radicalism: Community Wealth Building with Neil McInroy
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Practical Radicalism: Community Wealth Building with Neil McInroy

ByColin Bruce Anthes

One of the few working-class movements scoring victories, democratizing ownership, and gaining momentum is the method of economic development called Community Wealth Building (CWB). Colin Bruce Anthes interviews Neil McInroy of the Democracy Collaborative on how CWB works, what it has accomplished so far, and its potential to lead a “new common sense” movement beyond neoliberal capitalism.

Debt Ceiling Theater and the Trump Parallel Universe
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Debt Ceiling Theater and the Trump Parallel Universe

ByPaul Jay

Paul Jay interviews Tom Ferguson about the debt ceiling crisis in the United States. Ferguson explains that the debate over the debt ceiling is largely theater, with both Democrats and Republicans working together to cut spending while maintaining the appearance of opposition. He criticizes the Democrats for not raising the debt ceiling earlier when they had the opportunity and suggests that their reluctance is due to their desire to secure more campaign funding for future elections. Ferguson argues that the spending cuts rolled back are not significant enough to impact inflation and proposes alternative measures, such as taxing the wealthy and reducing defense spending, to address the issue. He also discusses the influence of money in politics and the Democratic Party’s efforts to weaken the progressive wing.

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