Indonesia’s Wait-And-See Approach Towards Joining BRICS
Indonesia serves as a reminder that the so-called “Global South” is not monolithic and that affects the prospect of joining BRICS.
Read more...Category Archives: Economic fundamentals
US-China Decoupling: Rhetoric and Reality
An update on how the much-ballyhooed US economic divorce from China is progressing.
Read more...Imperialism: How the Struggle of Both Classes and Nations Creates Our World
How imperailasm has determined much of the structure of the international economy and that in turn affects domestic interests.
Read more...Hoisted from Comments: China’s Unsustainable, Unbalanced Growth Model and Its Current Economic Wobbles
Musings on the routes for China out of its economic problems and whether China will actually take them.
Read more...Global Fossil Fuel Subsidies Skyrocket To $7 Trillion
The IMF made a comprehensive tally of fossil fuels subsidies. Both the level and the trajectory are sobering.
Read more...Danny Haiphong: Pepe Escobar and Michael Hudson Join on BRICS Plus Six, Ukraine, and the Multipolar World Economy!
Danny Haiphong talks to Michael Hudson and Pepe Escobar about hot mulitipolarity topics, particularly BRICS and its “currency” plans
Read more...Book Review: Two Critiques of America’s Ailing Health Care System
Two new books chronicle the shortcomings of the nation’s health care system, if you can call it that.
Read more...BRICS’ Expansion Is Beneficial But It Also Isn’t Without Strategic Challenges
BRICS is set to add important new members…but will their diversity complicate coming to common policy stances?
Read more...The Scourge of Corporate Financialization: Income Inequity, Employment Instability, Productive Fragility
Stock buybacks, aka corporate financialization, as a mode of predatory value extraction
Read more...China Schizophrenia: Jake Sullivan Makes Demands, Press Fulminates Its Ambitions as While Overhyping Current Economic Wobbles
The West’s discomfort over China’s influence and economic stature is sometimes a bit too obvious.
Read more...Ann Pettifor Explains Why Neoclassical Economists Are the Last People To Listen to on Climate Change
A well-warranted takedown of the irresponsible and destructive record of mainstream economists on climate change.
Read more...Fed Ponders How Quickly to Try to Inflict More Pain on the Economy to Get Inflation to 2%
Debates inside and outside the Fed as to what it should do next about inflation pick up as its annual Jackson Hole conference approaches.
Read more...A Russian Paper on New Currency/International Reserve Options Finds No Magic Bullets
A recent paper in a Russian economics journal confirms that there is no simple way out of the dollar hegemony box.
Read more...How Javier Milei Upset Argentina’s Political Status Quo
Yves here. We’re featuring a post from openDemocracy on Argentina’s primary results that had far-right candidate Javier Milei beating the candidates of the two parties that have been in power for two decades. The post is telling, and not in a good way. Milei does advocate extreme views (not that he can go as far […]
Read more...BRICS Officially Confirmed That It Doesn’t Want To De-Dollarize & Isn’t Anti-Western
Yet more evidence that the BRICS aren’t ready to launch a serious anti-dollar/new currency regime.
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