economy

The man who would be king: Method in Trump’s madness, contradictions in Trump’s method
Sam Gindin — Whatever Trump’s inclinations, without an ability to deliver on his economic promises and an escape route from the tariff chaos, Trump’s problems will deepen.

Behind Trump’s spiralling tariff war: An interview with Marxist economist Michael Roberts
Michael Roberts explains the recent raft of tariffs announced by US President Donald Trump, how they fit into his broader project to reassert US global hegemony, and what a left response could look like.

From welfare to warfare: military Keynesianism
Michael Roberts — Keynesianism advocates digging holes and filling them up to create jobs. Military Keynesianism advocates digging graves and filling them with bodies to create jobs.

Ukraine’s debt: An instrument of pressure and spoliation in the hands of creditors
Eric Toussaint — If Ukraine wants to fully regain its sovereignty, it must also free itself from the yoke of the creditors who are acting against the interests of the Ukrainian people.

World Bank and IMF — Keeping Pakistan in shackles
Farooq Tariq — Pakistani farmers and peasants are demanding accountability for the WB-IMF’s promotion of neoliberal and open-market economic policies that fuel hunger and inequalities.

Imperialism as antagonistic cooperation
Promise Li — Economic interdependence has shown surprising resilience even across rival geopolitical blocs. Existing theories of imperialism fail to fully account for these seemingly contradictory dimensions of today’s world system.

Liminal time: The age of uncertainty
Álvaro García Linera — We are witnessing the slow and melancholic disintegration of the old free market order and the nascent rise of various alternative models, none of which has secured a definitive foothold yet.

Foreign direct investment: The opium for development
Dmitry Pozhidaev — If religion is the opium of the people, FDI is the opium of development: it creates an appearance of development while undermining and restricting development opportunities.

US empire, global capitalism and the ‘internationalisation’ of states: An interview with Sam Gindin
Sam Gindin discusses the rise of the US empire, its role in creating a truly global capitalism and the challenges it faces today.