C. J. Hopkins
….The right half of the capitalist mainstream is comprised of the global capitalist avant-garde, also known as Neoliberalism, or Transnational Capitalism. This is the global network of transnational corporations, banks and other financial institutions, governments and quasi-governmental bodies, and extremely wealthy individuals that many people think of as the “one percent.”
By Kanishka Jayasuriya
…The rise of China and its ramifications for our relationship with the US has created angst within Australia’s foreign and defence policy community. Much of this tortured reflection is really a zombie debate where outmoded geo-political terms such as ‘power transition’ are deployed to understand new patterns of international politics in a globally integrated economy. Read more>>
By Lucas Koerner
…Since FDR, the Democrats have become the party of major transnational, capital-intensive fractions of the capitalist class, a fact that remains truer than ever, as evidenced by overwhelming establishment preference for Bill Clinton, Barack Obama, and now Hillary Clinton.
By Kevin Lin
…The Chinese state’s intervention after the stock market crash was immensely political — as was the collapse itself. The sheer enormity of the destruction was staggering. In less than a month, from mid-June to early July, the Shanghai Composite Index plunged by 30%, wiping out more than $3 trillion in share value from its June 12 peak. The wealth liquidated in the crash was equivalent to approximately 30% of China’s GDP ($10 trillion in 2014), 20% of the United States’s GDP ($17 trillion), and about ten times the size of Greece’s current total debt ($350 billion).
By Dawn Paley
…Drug cartels are not insurgent forces. As we see, time and again, their members often come from government ranks, and their activities can actually benefit or be useful to capital. This is where the hindsight we have from Colombia comes in. In Colombia, we know that drug-financed paramilitary groups patrolled with the army, they supported congress-people, they eliminated union members and cleared territory for transnational corporations like Chiquita, Dole, Coca Cola, BP, Drummond, and so on.
By Achille Mbembe
…As long as property and financial relations remain skewed, and levels of inequality keep spiralling, not much will be accomplished on the road to a non-racist society. Can we deracialise property relations without incurring the wrath of the transnational capitalist classes?
By William I. Robinson
…Why has Thomas Piketty’s book, Capital in the Twenty-First Century, sparked such a firestorm of debate on global inequalities in the world media, academic and policy circles? While discussion of social inequality is welcome, we sociologists would do well to take a critical approach to the hype around Piketty and the mainstream discourse on social inequalities that it reflects.
…We are nearing 2016, the year when the richest 1 percent of humanity will own more than the rest of the world, according to projections made by the nongovernmental organization Oxfam. This is up from the 1 percent owning 44 percent of the world’s wealth in 2010 and 48 percent in 2014. If current trends continue, the 1 percent will own 54 percent by 2020.
…Recent US Senate approval won by President Obama for “fast-track” negotiation of the Trans-Pacific Partnership (TPP) trade deal has thrust “free trade” and capitalist globalization again into the headlines. Often referred to as “NAFTA on steroids,” the TPP is but the latest in more than two decades of “free trade” agreements that have helped open up the world to transnational corporate plunder.
By Jeb Sprague and Cesar Rodriguez
Dual Crises of Globalization: Arizona and the Gulf of Mexico
…From the plumes of corporate crude in the Gulf of Mexico, to the assault on migrants in Arizona, the U.S. appears locked in a continual state of emergency. Read more >>
By Jeb Sprague
…Both leading parties have codified their relationships with transnational capital through the DR-CAFTA supranational economic forum. The DR is currently the largest recipient of foreign direct investment (FDI) in the history of the Caribbean basin.
…With a population of just under three million, the nation of Jamaica remains ensnared in debt. The debt trap is most apparent when looked at from the state’s interest payments as a percentage of the government’s non-grant revenue, which currently amounts to 40%. Jamaica’s continual caving in to the IMF has meant severe austerity measures, freezing of wages, cutting of spending, and it has left the country with the highest debt interest burden worldwide. A drain on the country, it also functions to block any potential efforts to structurally transform the nation or to ramp up social investment.
…Unity of the left is necessary in Hispaniola if any meaningful change is to happen to the nature of the island’s highly unequal socio-economic and corrupt political systems. The conditions for social change are ripe. Read more>>