by Lee Wengraf. From Haymarket Books: A piercing historical explanation of poverty and inequality in African societies today and the social impact of resource-driven growth, Extracting Profit explains why Africa, in the first decade and a half of the twenty-first century, has undergone an economic boom. Rising global prices in oil and minerals have produced a scramble … More New Book: Extracting Profit – Imperialism, Neoliberalism and the New Scramble for Africa
A new paper from PERI finds that there is a sizable deviation in net social wage data in the 21st century. The study’s author, Katherine A. Moos, examines possible causes-such as healthcare inflation and unemployment-and aims to explain why neoliberal governments would tolerate a growing discrepancy between labor benefits and taxation. See the paper here … More Neoliberalism and the Rise of the Net Social Wage
By Ramaa Vasudevan, This article seeks to understand the sharp divergence in the earnings of top managerial executives in the US since the 1980s, within the historical context of the evolution and transformation of the corporate landscape through the 20th century. In particular, as US multinational corporations expanded their reach to the global market at … More The Rise of the Global Corporation and the Polarization of the Managerial Class in the US
By John Smith, David Harvey, author of The New Imperialism and other acclaimed books on capitalism and Marxist political economy, not only believes that the age of imperialism is over, he thinks it has gone into reverse. In his Commentary on Prabhat and Utsa Patnaik’s A Theory of Imperialism, he says: Those of us who … More A Critique of David Harvey on Imperialism
By Richard Westra. From Nova Science Publishers: This easy to read book explores the fundamental ideas of socialism as a prelude to its critical reappraisal of their implementation in the Soviet revolutionary experiment. The book then turns to the seismic economic changes of the neoliberal era which it claims now preclude both national social democratic … More New Book: Socialism in the 21st Century
By Martijn Konings. From Stanford University Press: Critics of capitalist finance tend to focus on its speculative character. Our financial markets, they lament, encourage irresponsible bets on the future that reflect no real underlying value. Why is it, then, that opportunities for speculative investment continue to proliferate in the wake of major economic crises? To … More New Book: Capital and Time – For a New Critique of Neoliberal Reason
As neoliberalism caused greater inequality and more poverty in Mexico ever since the 1990’s, the country’s leaders stifled press freedom and democratic rights in order to maintain power. Now Mexico has one of the world’s highest murder rates of journalists explains Mark Weisbrot.