A Journal of People report
How much wealthy the world’s richest families are? How much wealth they control? How much do they gain every hour? The questions sometimes peek into circles of the poor people, the poor peasants, the working classes, the people that create the wealth gripped by the rich.
Any toiler can question:
How many palaces and planes, how many yachts do the wealthy dynasties could purchase every hour?Read More »
by John Cassidy
The New Yorker | August 14, 2019
Economic forecasting is a bit of a mug’s game. Mature capitalist economies tend to plod along, growing at modest rates, until they don’t. Despite extensive efforts, nobody has discovered a reliable way to predict when that moment will arrive and, subsequently, a recession will begin. Sometimes there are warning signs, such as asset-market bubbles developing, inflation picking up, the Fed raising interest rates, and trade deficits soaring. But, even if some of these signs are flashing amber, as they were in the late nineteen-nineties and the period between 2005 and 2007, it’s hard to know when they are going to turn red. The lesson of recent U.S. history is that expansions tend to last longer than many people expect.
Rebel News | August 9, 2019
Rebel interviews Ian Angus — editor of the journal Climate & Capitalism, and author of Facing the Anthropocene: Fossil Capitalism and the Crisis of the Earth, and A Redder Shade of Green: Intersections of Science and Socialism — about the pressing need to develop the politics of ecosocialism in the world today.
The term ecosocialism is in wide spread use now. Do you think it’s important that revolutionary socialists identify themselves as ecosocialists and what do you believe is the chief difference between ecosocialism and previous radical left traditions?
teleSUR | August 15, 2019
“Donald Trump says that he is considering imposing an embargo on Venezuela meaning that no vessel enters or exits. It is a blockade,” the Venezuelan president said.
United States President Donald Trump has maintained strong economic pressure against Venezuela, having signed numerous decrees blocking the assets of the Venezuelan authorities within U.S. jurisdiction. Giants such as the Central Bank of Venezuela and the state-owned oil company PDVSA were also included in the sanctions list.