Finance

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.

Part 2: Debt and the Collapse of Antiquity – Michael Hudson
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Part 2: Debt and the Collapse of Antiquity – Michael Hudson

ByColin Bruce Anthes

In part two, Michael Hudson discusses his new book “The Collapse of Antiquity.” Hudson challenges the traditional beliefs about the fall of the Roman Empire, arguing that it was caused by a financial crisis brought on by excessive debt, wealth inequality, and the concentration of economic power. Hudson draws parallels to modern-day economies and highlights the dangers of financialization and wealth concentration.

Debt and the Collapse of Antiquity – Michael Hudson (pt 1/2)
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Debt and the Collapse of Antiquity – Michael Hudson (pt 1/2)

ByColin Bruce Anthes

We get a first look at the new book by renowned political economist Michael Hudson on the age-old battle between creditors and the real economy. Ancient Rome refused to adopt the practices of debt forgiveness and land redistribution previously understood to be essential. Instead, they instituted a rigid pro-creditor legal system, assassinating anyone who remotely threatened it–including Tiberius Gracchus, Julius Caesar, and Jesus. The empire devolved into a rentier economy, ultimately collapsing from within. Today’s neoliberal establishment increasingly defends this failed state framework, even as the same disastrous dynamics intensify.

Bill Black on SVB: A Bipartisan Clown Car Crash

Bill Black on SVB: A Bipartisan Clown Car Crash

ByColin Bruce Anthes

The legendary regulator and white-collar criminologist William K. Black explains why, contrary to corporate media coverage, the bank failures set off by the Silicon Valley Bank crash were absolutely not sudden, unexpected, or unforeseeable, and why none of the regulations Democrats or Republicans are talking about would have stopped them.

50 Years After Allende at the UN: A Corporate Triumph Named Multistakeholderism
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50 Years After Allende at the UN: A Corporate Triumph Named Multistakeholderism

ByLynn Fries

Remembering Salvador Allende’s speech at the UN in 1972 and the call of world nations for a New International Economic Order, Harris Gleckman explains how global corporations were more effective at setting the rules. Lynn Fries interviews Gleckman on GPEnewsdocs.

Capitalism’s Structural Crisis and the Global Revolt
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Capitalism’s Structural Crisis and the Global Revolt

ByGregory Wilpert

According to William I. Robinson, the COVID pandemic has further intensified the structural crisis of global capitalism and has caused numerous uprisings and revolts around the world, which global elites are trying to suppress via militarization, police repression, and surveillance. Robinson joins Greg Wilpert on theAnalysis.news.

The Capitalist Solution to ‘Save’ the Planet: Make it an Asset Class & Sell it
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The Capitalist Solution to ‘Save’ the Planet: Make it an Asset Class & Sell it

ByLynn Fries

John Bellamy Foster explains the ‘solution’ master-minded by global finance to resolve the imminent environmental crisis: create a multi-quadrillion dollar’s worth of assets on the back of everything nature does and expropriate it from the global commons to make a profit. Worse still: it is already happening.  Lynn Fries interviews Foster on GPEnewsdocs.

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