Where has all the surplus gone?

by David Ruccio

Real World Economic Review Blog | November 15, 2017

profits abroad

Thanks to the release of the so-called Paradise Papers, and the additional research conducted by Gabriel Zucman, Thomas Tørsløv, and Ludvig Wier, we know that a large share of the surplus captured by corporations is artificially shifted to tax havens all over the world. This, of course, is on top of the conspicuous tax evasion practiced by the individual holders of a large portion of the world’s wealth.  Read More »


Political Economy of Labour Repression in the United States: An Interview with Andrew Kolin

Radical Notes | November 15, 2017

Labour Repression

Andrew Kolin’s Political Economy of Labor Repression in the United States (Lexington Books, 2016) successfully demonstrates how labour repression is organic to capitalism; something that is central to the very constitution of the capitalist economy and its state. Traversing the history of the United States, the book is a survey of the evolving relationship between capital and labour and how repression has been (re)produced in and through that evolution – something that is structurally manifest in the institutional exclusion of labour. However, by presenting it as an expression of class struggle, the book refuses to deprive labour of its agency. It does not view labour as passive or even merely reactive. It suggests that insofar as the political economy of repression is composed through capital-labour interactions, it is contradictory and provides moments of escape or liberation from repression.

Pratyush Chandra and Pothik Ghosh talk to Andrew Kolin. Professor Kolin teaches Political Science at Hilbert College. His books include The Ethical Foundations of Hume’s Theory of PoliticsOne Family: Before and During the HolocaustState Structure and Genocide and State Power and Democracy: Before and During the Presidency of G.W. Bush.Read More »

Algorithmic Censorship: Google News to ‘De-Rank’ RT, Sputnik

teleSUR | November 20, 2017

“It’s basically RT and Sputnik,” Schmidt continued. “We’re well aware and we’re trying to engineer the systems to prevent (propaganda).”

“It’s basically RT and Sputnik,” Schmidt continued. “We’re well aware and we’re trying to engineer the systems to prevent (propaganda).” | Photo: Reuters
“Good to have Google on record as defying all logic and reason: facts aren’t allowed if they come from RT,” said Editor-In-Chief Margarita Simonyan.

In the face of an ongoing outcry regarding alleged Kremlin meddling in U.S. electoral processes, Alphabet’s Executive Chairman Eric Schmidt said that the parent company to Google News would begin to reduce the presence of Russian state-owned media sites that had previously been given normal placement on the search company’s news and advertising sites.

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Venezuelans Think Elections Promote Peace and Stability: Poll

teleSUR | November 20, 2017

The National Electoral Board began delivering voting machines to polling stations to allow citizens to familiarize themselves with the new equipment.

The National Electoral Board began delivering voting machines to polling stations to allow citizens to familiarize themselves with the new equipment. | Photo: AVN
The survey revealed that 71 percent, the great majority of Venezuelans, support the municipal elections.

A total of 59 percent of Venezuelans think the October regional elections and the upcoming municipal elections in December contribute to the general peace and stability in the country, a recent survey said.

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Venezuela: Government and Opposition Take Initial Steps Towards December Dialogue

by Rachael Boothroyd Rojas

VENEZUELANALYSIS.COM | November 17, 2017

Miguel Vargas
Dominican Foreign Minister Miguel Vargas has confirmed that the Venezuelan government and the opposition will meet in the Dominican Republic on December 1-2. (MIREXRD)
Bogota, November 17 2017 (venezuelanalysis.com) – The Venezuelan government and the Democratic Unity Roundtable (MUD) opposition coalition have both confirmed that they will reinitiate previously discontinued talks on December 1 in the Dominican Republic.The news comes after both sides expressed willingness to continue with internationally mediated dialogue efforts following regional elections on October 15 which delivered a landslide victory for the goverment.

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Venezuela, Russia Agree to Restructure Debt as China Voices Confidence in Caracas

by Rachael Boothroyd-Rojas

VENEZUELANALYSIS.COM | November 16, 2017

Venezuelan Economy and Finance Minister Simon Zerpa Delgado and Russian Finance Vice-Minister Sergei Storchak officially sign off on a debt relief deal for the Maduro administration Wednesday. (Twitter/SimonZerpaDelgado)

Bogota, November 16, 2017 (venezuelanalysis.com) – Venezuela and Russia finalized a deal Wednesday to restructure USD$3.5 billion worth of debt held by Moscow.

According to a press statement from Russia’s Finance Ministry, a new payment schedule has been agreed for the next decade, with “minimal” quotas to be made in the first six years.

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India: ‘How Many Deaths Will It Take…?’

by Smarajit Jana

Frontier | Vol. 50, No.19, Nov 12 – 18, 2017

How many farmers’ suicide would make it a ‘case’? ‘The answer is not blowing in the wind’. More than three lakhs of farmers committed suicide since 1995. This is the registered cases of suicides as per the Government department. However as per definition, farmers are those who own farm land in his or her name even if one of the spouses or child of a farmer commit suicide having no land holdings in his or her name will not be figured in the statistics. So the actual number would be much higher if all these cases of suicides that are dependent on agriculture are included. On an average 15400 farmers committed suicides every year in India in between 1995 to 2003. This has increased to more than 16000 in between 2004 to 2012. Suicides rose by 42% in between 2014 and 2015. The number of suicides quadrupled in the state of Karnataka during this period. The rising trend of farmers’ suicides across India is a well established fact since it first reported in 1995, barring only few exceptional periods, still it is not a ‘chilling factor’ and none of these numbers has moved the policy makers, when the farming community is passing through deep to deeper crisis.Read More »

Red is the color of the poor

Sumanta Banerjee looks into the Naxalbari Uprising in India

by Farooque Chowdhury

Frontier | November 17, 2017

Sumanta Banerjee (b. 1936), political and civil rights activist and social scientist, moved to the revolutionary position of the Naxalbari peasants’ upsurge in the north-eastern India while working as a journalist for The Statesman in the late sixties, and joined the movement in 1973. He had to resort to underground life while carrying on his revolutionary tasks in rural and industrial areas, Srikakulam forests and hills, and Kolkata slums. As an active participant in the toilers’ political struggle armed with Marxism-Leninism-Mao Thought he had the opportunity to know the movement closely from his work with comrades from grassroots and a part of leadership, and working with Liberation, the clandestine English organ of the Communist Party of India (Marxist-Leninist). Sumanta Banerjee, author of In the Wake of Naxalbari: A History of the Naxalite Movement in India (Subarnarekha, Kolkata, 1980), Marxism and the Indian Left: From “Interpreting” to “Changing” It (Purbalok Publication, Kolkata, 2012), The Parlour and the Street: Elite and Popular Culture in Nineteenth Century Calcutta (1989) and Logic in a Popular Form (2002), regularly contributes to The Economic and Political Weekly from Mumbai. He is also editor of Thema Book of Naxalite Poetry (1987). This interview was conducted in late-September-early-October, 2017 by Farooque Chowdhury.   Read More »