Prabhat Patnaik shows that as capital is relocated, real wages do not rise, inequality widens, and global demand is suppressed. The system remains in protracted crisis; Keynesianism in the North alone is no...
Selected Stories
Prabhat Patnaik explains how the colonial system led to depression. Then, in advanced countries governments stepped in to increase demand and productivity, but how unless the periphery is available for...
Prabhat Patnaik reviews the connections between imperialism and capitalism through history to stress that by necessity of the accumulation of wealth, somewhere demand has to be suppressed to provide cheap...
Mega-corporations are all set to walk away with the keys to global governance of food and agriculture at the UN Food Systems Summit later this year. Pat Mooney talks about what is at stake and The Long Food...
For sustainable recovery from the COVID-19 global economic shock, it is imperative to break from policy choices that produce concentration of economic power and wealth in a limited section of the economy but...
Corporations have stepped beyond lobbying governments. They are integrating in policy making at the national and international levels. From agriculture to technology, decisions historically made by governments...
Intellectual property like pharmaceutical patents is part of the story why so many people face a long wait for COVID-19 vaccines says Dean Baker discussing the high cost of policy choices that make the rich...
Allied with landlords and monopolists, the finance sector is extracting economic rents from the economy that’s impoverishing US government, industry and labor says Michael Hudson discussing the chokehold of...
The governments of India and South-Africa backed by about 100 countries and counting are calling for a waiver on patents over COVID-19 related medicines and equipment. Headquarter countries of Big Pharma are...
Public interest led innovation in renewable energy is urgently needed. The financial sector is deeply compromised and cannot be relied upon to invest in effective technologies that are manufactured, rolled...
Peter Drahos’ Survival Governance: Energy and Climate in the Chinese Century shows why US corporate-centric strategies, from shale production to carbon capture are a failure. A radically different...
Deborah James on why we need to pay attention to proposed changes in global rules. Amid our pressing concerns with health and economic recovery, Big Tech works to ensure technology and world trade operate for...
Jan Kregel explains the fundamental problem with the economic system is its focus on providing finance to investors. Hyman Minsky, who understood that financial instability is inherent to capitalism, proposed...
Prabhat Patnaik reflects on the COVID-19 shock that has worsened the crisis triggered by globalized finance. Only two possibilities emerge: restructure capitalism by controlling finance, or let the tendencies...
Robert Pollin advocates a macroeconomic agenda centered on full employment. The decades long neoliberal attack on the working class is heightened with COVID-19. The world needs a New Deal to counter levels of...
Heiner Flassbeck shows it defies macroeconomic logic to promote surpluses for Germany, prohibit government deficits everywhere else and forbid the central bank from acting as the central bank of each and every...
Richard Kozul-Wright explains why these challenges need to be addressed at once in a transformative agenda. The COVID-19 crisis shows that funding can be made available; the problem is the lack of political...
Jürgen Kaiser, debt expert, reminds us of the agreement that helped Germany, after World War II, to avert a debt trap and calls for a bankruptcy code for sovereign nations on the back of the COVID-19 crisis...
According to Prof Jayati Ghosh, this is the greatest crisis experienced by the capitalist system; she lays out the direction of policy responses commensurate to what is needed. April 21 , 2020 Produced by Lynn...
The global economic crisis unfolding from the Covid-19 pandemic will once again imperil African countries with the usual mix of commodity export crash and debt meltdown. It is time to recognize that under a...
Richard Kozul-Wright, chief economist of UNCTAD, explains what a Global Green New Deal is about: end austerity, redistribute income, change the credit system and implement a massive investment program. None of...
Transform the economy by subordinating the international financial system to the authority of elected democratic governments and a managed transition to an employment rich green economy advises Ann Pettifor...
“This public-private partnership will permanently associate the UN with transnational corporations, some of whose essential activities have caused or worsened the social and environmental crises that the...
The neoliberal trap the Modi government finds itself in is not just an Indian phenomenon, says India’s eminent economist C.P. Chandrasekhar who explains we are staring at a crisis which is enduring and...
Taking the example of cab-hailing app Uber, the Director of IT for Change says that we will need to go to the heart of what a digital economy is and the role of capital and workers in it if we are to really...
A historic launchpad for neoliberal globalization, global elites once again embrace the World Trade Organization. This time as a “coalition of the willing” launching an initiative of proposed new WTO rules for...
South Africa hosts an event unpacking a WTO ECommerce initiative that far from delivering on a promise of ‘ECommerce for Development’ would deepen digital divides and perpetuate concentrated wealth and power...
Marking the 75 year anniversary of the ILO’s Declaration of Philadelphia, we explore this historic Bill of Rights through the lens of Alain Supiot, author of The Spirit of Philadelphia: Social Justice vs. the...
To mark the 100 year centenary of International Labor Organization and the 75 year anniversary of the Declaration of Philadelphia, we present the full length original footage of Alain Supiot’s 2010 ILO Public...
The alarming rise of poverty in the UK is deliberate – and so too in the US says Philip Alston, UN Special Rapporteur on Extreme Poverty, discussing findings of his final report on the United Kingdom...