In the past and in his own time, Marx has been portrayed as endorsing the enclosure of the commons as a necessary historical stage on the path to socialism. However, a more accurate account, one that is critical of the enclosure movement, can be found in his response to the destruction of commons-based peasant communities in Russia—while it was actually happening. | more…
The U.S. military launched 469 foreign interventions since 1798, including 251 since the end of the first cold war in 1991, according to official Congressional Research Service data.
Dependency and world-systems theorists have long argued that “unequal exchange” is a key driver of global inequality.
— The stagflation outside of the United States will be very serious as capital flight to safety causes severe debt and foreign exchange crises in many parts of the world and developing countries face imported inflation due to the strong U.S. dollar, said economist Jayati Ghosh.
— The U.S. dollar hegemony, which has been so crucial in the United States’ own economic expansion, is going to become much more fragile in the future. There’s no question that an increasing number of countries and central banks “are going to think of alternative ways of keeping their reserves and it’s obvious it’s the logical thing to do,” she said.