economy

Trump tariff economic crash

‘Tariffs are a beautiful thing to behold’: A Marxist analysis of protectionism and the crisis of global capitalism

Dmitry Pozhidaev — Trump’s tariffs are less a blueprint for industrial renewal than a prelude to a new techno-nationalist order organised around capital control, technological dominance and regional economic blocs.
King Trump

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.
Trump tariffs

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.   
War graphic

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.
oil rig

Crude capitalism, new centres of capital accumulation and the Middle East’s place in global imperialism: An interview with Adam Hanieh

Adam Hanieh explores the need to foreground value transfers in understanding imperialism, Israel’s role in global fossil capitalism and the rising influence of the Gulf states.
Distribution of Ukraine's public external debt

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.
IMF out of Pakistan

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.
poverty in Venezuela

Imperialist sanctions, crony capitalism and Venezuela’s Long Depression: An interview with Malfred Gerig

Malfred Gerig situates the impact of United States’ sanctions on Venezuela and the rise of Venezuela’s crony capitalism within the context of the nation’s “Long Depression”.
Biden Xi

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.
burst balloon

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.
FDI

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 global capitalism

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.