Economics

Greetings from the desk of the Tricontinental: Institute for Social Research. By Vijay Prashad – @vijayprashad Stenciled in red on the walls of Santiago, Chile is a statement of fact: ‘your privileges are not universal’ (tus privilegios no son universales). This…

By Richard D. Wolff Capitalism’s “conservative” defenders yet again oppose raising the minimum wage. They fought raising it in the past much as they tried to prevent the Fair Labor Standards Act (1938) that first mandated a U.S. minimum wage.…

By Marcos Arruda* Why have a Central Bank? Central banks are by nature public because they formulate and administer the MONETARY POLICY. And the objective of this policy is, by nature, investment in the “real economy”, i.e. the part of…

Demands for new sanctions against Moscow are raised in Berlin: “We want regime change.” Among Germany’s ruling elites, demands for imposing new sanctions on Moscow and stirring up Russia’s younger generation are increasing. “The objectives we have in relationship to…

The people of Comox Valley broke many molds to keep people fed through COVID-19 and got its government’s attention on food security. By April M. Short Hunger and food insecurity have increased worldwide since COVID-19 took hold. In December 2020,…

Following Monday’s coup in Myanmar, the EU and the USA are considering imposing new sanctions on that country. Already on Monday, US President Joe Biden declared that he would immediately review the reintroduction of coercive measures. The EU announced yesterday…

Led by one of the youngest governments in the world, Lithuania is looking to broad-base ties with India in emerging high-growth areas like fintech, life sciences, digital technology and pharmaceuticals while offering a dynamic business environment to Indian investors, its…

There is no better time than now to address the ridiculous levels of wealth and income inequality in the United States. It can be done with ease through aggressive taxation of the wealthiest handfuls of individuals. By Sonali Kolhatkar As…

“A budget is about priorities,” said the Democratic senator. By Kenny Stancil “We continue to overinvest in defense while underinvesting in public health and so much more.” “We can spend less on the military and obtain not only the same…

To solve the extreme inequality of US capitalism requires systemic change, an end to capitalism pitting employers against employees. By Richard D. Wolff To grasp the sheer magnitude of US economic inequality in recent years, consider its two major stock…