Tag: capitalism
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Looming debt crisis, deepening inequality, lack of investment in climate mitigation and adaptation: UN Trade and Development calls for structural reform
Globally, in the first quarter of 2024, economic growth is slowing; private investment is stagnant, income inequality is increasing; and consumption expenditure is increasingly sustained by private borrowing. The UN Trade and Development Report Update (April, 2024) is a ‘must read’ for understanding the structure and direction of the global economy. Higher interest rates in…
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Capitalism is the single greatest source of violence
By Jason Hickel, from Pearls and Irritations, 23 April 2024 What the present moment reveals, once again, is that Western aggression during the “Cold War” was never about destroying socialism, as such. It was about destroying movements and governments in the periphery that sought economic sovereignty. Why? Because economic sovereignty in the periphery threatens capital accumulation…
