For long, the term "imperialism" was popular to denote a world political order embodying systemic relations of domination with Washington at the centre. That thesis is no longer considered valid. Washington itself is victim to a global capitalist order and is mired in...
markets
Feminism, Capitalism and the cunning of history | Nancy Fraser
I would like here to take a broad look at second-wave feminism. Not at this or that activist current, nor this or that strand of feminist theorizing; not this or that geographical slice of the movement, nor this or that sociological stratum of women. I want, rather,...
The end of cheap oil | by Phil Gasper
Capitalism has no solution to the world energy crisis as oil prices reach record highs. BY NOW everyone in the United States knows that world oil prices are going through the roof. Gas in the U.S. is now over $4 a gallon and the Associated Press reports that there...
The crisis that won’t go away | by Phil Gasper
The economic crisis that began in 2008 is getting worse—but it’s finally sparking a fight back in the U.S. IT’S BOTH an exciting and a sobering time to be a socialist in the United States or, for that matter, almost anywhere else in the world. Exciting, of course,...
Reflections on the Current Crisis and Its Effects | by Rémy Herrera
The crisis of capital at the present juncture when capitalism is deeply financialised is extremely difficult to resolve. The main structural problem of the system is the downward pressure on the rate of profit, but further financialisation is no longer a sustainable...
Inclusive Green Growth Or Extractive Greenwashed Decay? | by Patrick Bond
The debate over the Green Economy rages on next month in Rio de Janeiro, at the International Society for Ecological Economics meetings, the Cupulo dos Povos alternative people’s summit, and the UN’s Rio+20 Earth Summit. Proponents and critics of ‘green growth’...
South Africa’s Dangerously Unsafe Financial Intercourse | by Patrick Bond
Just before last weekend’s meetings of the World Bank and International Monetary Fund (IMF) board in Washington, South Africa's finance minister dropped us an obscure news item: “Gordhan concerned about rand volatility”(Reuters, April 16). Hidden away in the business...
The militarisation of poverty in Africa | by Toby Leon Moorsom
KINGSTON, CANADA - Over the past year, Africa has seen the decomposition of states from coast to coast. A belt of war, coups and large-scale spontaneous demonstrations has emerged across the Sahel, from Guinea-Bissau to Somalia. The situation represents a significant...
Economics: selling the truth, or telling the truth? | by Khadija Sharife
The fundamental market theory of equilibrium, in economics, can be compared to notions of justice conceived in other disciplines, such as electoral democracy and politics. After centuries of trading trials and wars, we were told by leading governments (who may be...


