Economy/Economics

We Need to Build the Architecture of Our Future

Diego Rivera (Mexico), Frozen Assets, 1931. In April 2022, the United Nations established the Global Crisis Response Group on Food, Energy, and Finance. This group is tracking the three major crises of food inflation, fuel inflation, and financial distress. Their second briefing, released on 8 June 2022, noted that, after two years of the COVID-19 […]
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“Booming” Economy Leaves Millions Behind: Part Nine

As the long depression that started many years ago deepens, it can be seen that there is no letup in deteriorating economic and social conditions at home and abroad. The so-called “death spiral” continues worldwide. Many new records are being set, sometimes every week or every day. Instability, chaos, and anarchy are becoming more entrenched […]
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“Booming” Economy Leaves Millions Behind: Part Seven

Below is part seven of the series called “Booming” Economy Leaves Millions Behind. Forty facts on U.S. and international conditions, some updated and some new, are provided below. Once again, many economic records are being broken by a crisis-prone economy dominated by big business. Links to the first six parts of this series, which collectively […]

“Booming” Economy Leaves Millions Behind: Part Five

Ceaseless money printing by central banks, price-fixing in major sectors of the economy (“greedflation”), never-ending supply-chain disruptions and delays, endless pay-the-rich schemes (e.g., public-private “partnerships”), constantly-growing debt at all levels, more inequality, intensifying stock market turbulence, out-of-control inflation, widespread poverty, and lower working and living standards for millions are signs of an economy that lost […]

“Booming” Economy Leaves Millions Behind: Part Four

The last three economic updates (see end of article) focused primarily on the U.S., whereas this update focuses more on global conditions. The data coming in every day, month after month, is revealing a clear picture of the dire straits confronting millions globally. Problems appear at every level and on every continent. There is no […]
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Ending “West’s Neocolonial Oppression”: On the New Language and Superstructures

The Russia-Ukraine war has quickly turned into a global conflict. One of the likely outcomes of this war is the very redefinition of the current world order, which has been in effect, at least since the collapse of the Soviet Union over three decades ago. Indeed, there is a growing sense that a new global […]

“Booming” Economy Leaves Millions Behind: Part Three

Below is more data on the continually failing economy and how it is hurting millions across the U.S. It can be seen from the different parts in this series, as well as other articles on the same topic,1 that there is a dire situation confronting millions of people centuries after the scientific and technical revolution […]
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Iran and Venezuela Energy Cooperation

PressTV Interview with Peter Koenig Iran and Venezuela are poised to enter a new era to fight US sanctions. Their cooperation in Hydrocarbons – production as well as trade – may help them gradually detach from western sanctions. An idea brought forward in this interview is their joint exit from the dollar-dominated trade economy, by […]
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Cost of the Ukraine War Felt in Africa, Global South

While international news headlines remain largely focused on the war in Ukraine, little attention is given to the horrific consequences of the war which are felt in many regions around the world. Even when these repercussions are discussed, disproportionate coverage is allocated to European countries, like Germany and Austria, due to their heavy reliance on […]