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...
Category - News
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...