Pictured above: Jeff J. Brown on the left and Pepe Escobar on the right, cover news and events on every continent on Earth, except the Antarctic, but especially Asia and East v West.
This is Jeff’s most recent conversation with one of our dearest colleagues, the well-known geopolitical analyst and (genuine) journalist Pepe Escobar. The focus is on the tug of war between the US empire and its vassals in the EU and elsewhere, and the emerging bloc of truly independent powers led by Russia, China and Iran. As the talk of war and all sorts of interventions increases on the American side, the world is watching the birth of a new order. American global hegemony, enforced by lies, hypocrisy, economic blackmail and brutal military power is on the way out, largely victim of its own arrogance and excess, and the incurable problems of capitalism Meanwhile, Moscow and Beijing are busy constructing a multilateral order based on mutual benefit and respect for every nation’s sovereignty.
Forbes released its data surrounding billionaires in 2021 whose wealth exploded amidst the pandemic. The number of billionaires increased by 660 over the past year to 2,755. The U.S. has the most billionaires at 770 followed by China at 698 (including Hong Kong and Macao). Read More »
There is much talk among ‘progressive’ economists that the IMF and the World Bank have turned over a new leaf. Gone are the days of supporting fiscal austerity, demanding that national governments get public debt levels down and insisting on conditions for countries borrowing IMF-WB funds that their governments privatise their state assets, deregulate markets and reduce labour rights.
Now after the experience of the unprecedented COVID pandemic slump, the old ‘Washington Consensus’ is over and has been replaced by a new ‘consensus’. Whereas the “Washington Consensus” for international economic policies of the 1990s saw government failures as the reason for poor growth performance and advised governments ‘to get out of the way’ of market forces, now the IMF, the World Bank and the World Trade Organisation’s chiefs call for more fiscal spending, more funds for lending, and measures to reduce inequality between nations and within nations through higher taxes on the rich.Read More »
The COVID-19 crisis has seen a very different response from the advanced countries compared with the Third World countries. The former have unrolled substantial fiscal packages for rescue and recovery while the latter have been trapped in fiscal austerity.
Among Third World countries, India’s fiscal package has been perhaps the most niggardly, amounting to no more than 1% of GDP; but even other Third World countries have not fared all that much better.Read More »
The Communist Movement at a Crossroads documents discussion of the fundamental issues of revolutionary strategy and tactics, many of which are still relevant today including the question of the United Front, Workers Governments and the fight against fascism. The plenums documented in the book are meetings of an enlarged executive committee of the Communist International that were held between the main World Congresses, the first four of which (when V. I. Lenin was alive) have been documented in English in John Riddell’s series. The plenums described by Grigorri Zinoviev as ‘small world congresses’ are of equal interest to the main congresses predominantly organised by the Russian Communist Party, debating and taking important decisions that directly shaped the practice of Communist Parties (and other forces) around the world.
The need to globalize solidarity and international cooperation were emphasized yesterday, during the 18th meeting of the Cuba-Russia Intergovernmental Commission for economic-commercial and scientific-technical collaboration, which concludes today, and is headed by co-chairs Ricardo Cabrisas Ruiz, deputy prime minister of the Republic of Cuba, and Yuri Ivanovich Borisov, vice president of the Russian Federation’s government.Read More »
This Tuesday, March 30, the Vice President of the Russian Federation, Yuri Borisov, paid a high-level visit to Venezuela to strengthen the ties of friendship between the two nations. Russia’s high-ranking official highlighted cooperation and solidarity as vital.
In addition, new agreements were signed to accelerate the bilateral agenda for mutual benefit. “We have taken the opportunity to sign new alliances in energy, mining, and health sectors for the development of both economies,” said Borisov.Read More »
The number of people affected by hunger globally has been slowly on the rise since 2014, says the Food and Agriculture Organization and other United Nations organizations. The UN organizations warn: If recent trends continue, the number of people affected by hunger will surpass 840 million by 2030, or 9.8 percent of the population. This is an alarming scenario, even without taking into account the potential impacts of the COVID-19 pandemic.
The State of Food Security and Nutrition in the World 2020 (SOF) report by the UN organizations said:
➔ Current estimates are that nearly 690 million people are hungry, or 8.9 percent of the world population – up by 10 million people in one year and by nearly 60 million in five years.Read More »