Similar Posts
Historic Victory for Sri Lankan Left – Can They Deliver? – Devaka Gunawardena Pt. 1/2
In November 2024, Anura Kumara Dissanayake’s National People’s Power (NPP) coalition won a two-thirds majority in Sri Lanka’s general elections, marking a historic win for the Sri Lankan left. NPP’s victory came at a time of prolonged economic crisis exacerbated by the crushing terms of Sri Lanka’s IMF agreement. Political economist Dr. Devaka Gunawardena traces the factors leading to Sri Lanka’s economic woes and how international sovereign bonds (ISBs) held by private equity firms such as BlackRock constitute a large segment of Sri Lanka’s debt. Given the government’s recent private creditor debt restructuring agreement, can the NPP still deliver on its campaign promises of wealth redistribution and reversing austerity?Ā
Repairing a Fractured World Economy?
Richard Kozul-Wright describes the current state of global economic disorder, as presented in UNCTADās Trade and Development Report, and discusses the possibility and limits of effective regional responses. Lynn Fries interviews Richard Kozul-Wright on GPEnewsdocs.
Should the Left Vote for the Enemy? – Adolph Reed part 1/2
Adolph Reed argues that the left should vote for Biden in the coming presidential elections, even though Corporate Democrats defend the underlying system, Trump and the forces that back him represent a more overt form of fascistization.
Apple, Market Manipulation and the Cult of Personal Finance – RAI with Rana Foroohar Pt 2/6
On Reality Asserts Itself, Ms. Foroohar says the legalization of stock buybacks in 1982 allowed companies like Apple to now spend only 15% of their investments on R&D, while the majority is spent on market manipulation; the Financial Times columnist and author of āMakers and Takersā said the move from traditional pensions to 401kās makes everyone feel they benefit from finance when the vast majority of profits go to the elites and most peopleās living standards deteriorate ā with host Paul Jay. This is an episode of Reality Asserts Itself, produced May 9, 2018.
Why the Media Doesnāt Understand Control Fraud
Financialization of the economy and pervasive corruption go hand-in-hand. The stronger the financial sector and more parasitical it becomes, the more profound and systemic the corruption. Paul Jay joins āThe New Untouchablesā for a discussion about Bill Blackās conception of ācontrol fraud.ā
Is Financialization Necessary for a Modern Economy – Costas Lapavitsas on RAI (pt 5/8)
This interview was originally published on May 27, 2014. On Reality Asserts Itself, Mr. Lapavitsas says modern capitalism requires financialization, but productive growth in the interests of the majority of people does not.