Finance Capital
Why Modi govt. looked the other way on giving cash relief during pandemic

Timidity vis-à-vis international finance capital, callousness toward people, and cynicism in manipulating the electorate and legislators, have made the Modi government one of the most ultra-Right governments in the world

Polarization, then a crash: Michael Hudson on the rentier economy

Michael Hudson discusses the chokehold of pro-finance, pro-rentier capitalism reaching into the present COVID-19 crisis

Why the pandemic crisis marks a dead-end for capitalism

Even after the pandemic shock is over, the world will still be stuck with the protracted crisis of over-production, which had engulfed it well before

More giveaways to capitalist finance? It’s high time to change the objective

Jan Kregel explains the fundamental problem with the economic system is its focus on providing finance to investors

Government under finance: There is no easy exit

Noted economist professor Prabhat Patnaik talks about the economic crises triggered by COVID-19 and the various possibilities that emerge and their respective implications

Why a ‘New Deal’ can’t be just switched on today

The globalization of finance means that any State that violates the dictates of finance, such as by attempting a New Deal financed by a larger fiscal deficit or taxes on the rich, runs the risk of a capital flight from its shores and hence a financial crisis

Finally, myth of stock market as barometer for real economy busted

US stock markets boom while its economy collapses. People there are already on streets demanding equality; it is only a matter of time before working people take to streets in India as well

The exodus of finance from the third world

This unwillingness of finance to stay in, or move to, the Third World, is impairing the ability of several countries to pay for their imports and to service their external debt

João Pedro Stedile: Neoliberalism and finance capital have been defeated by coronavirus

The member of MST’s national board analyzes the current international and Brazilian contexts in wake of the coronavirus pandemic

Who can stop the far-right?

The scope and scale of the right-wing resurgence this year shows the urgent need for greater working class mobilizations that can safeguard and deepen democracy and build coalitions

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