The United States and China are today the only two “global” powers to confront each other on the world stage. The more this conflict deepens, the more a trend emerges: the separation into two systems with competing hegemonic ambitions.
First certainty: the rivalry between the United States, the (...)
Francisco Louçã is an economist especially known for being one of the founders and leaders of Bloco de Esquerda (Left Bloc) in Portugal. He is the author, with Michael Ash, of Shadow Networks: Financial Disorder and the System that Caused Crisis, Oxford: OUP, 2018.
While visiting Madrid and (...)
With the announcement today, January 16, 2020 of the signing of the US-China Phase 1 ‘mini’ trade deal, and the US Senate’s simultaneous ratification of the USMCA ‘NAFTA 2.0’ trade agreement, Trump’s so-called ‘trade wars’ are at an end.
In election year 2020 nothing of additional significance will be (...)
Escalating tensions between Washington and Beijing do not yet constitute a new cold war. But they signal an important shift in US policy. From the 1990s—orchestrating China’s entry into the WTO, guaranteeing its dollar assets at the peak of the financial crisis—the emphasis had been on (...)
Prefatory Note:The following post contains my responses to questions posed by Sputnik News Agency a few days ago. The effort to warn European countries not to use equipment from the Chinese telecom giant, Huawei, is part warning and part threat. It claims to be a matter of security, but seems (...)
Sharp divisions emerge at Port Moresby summit as Japan and US push back against China’s growing influence in the Pacific.
The Apec summit has been unable to produce a joint communique because of tensions between the US and China over trade and security issues which flared throughout the (...)
In the logistics industry, from port workers to truckers to delivery drivers, time is of the essence. Their potential control over that time gives workers enormous leverage in the global economy.
Today’s global economy relies on the steady flow of goods, products, and raw materials around the (...)
The BRICS bloc starts with rhetoric about an ‘alternative’ to Western hegemony and ends up amplifying neoliberal capitalism instead.
Can the Brazil-Russia-India-China-South Africa (BRICS) bloc rise to the occasion, as Donald Trump jerks Western imperialism out of traditional alignments? With (...)
Translation of the preface to the French-language book “Système dette,” by Eric Toussaint
Éric Toussaint has an acute and thorough knowledge of public debt issues, thanks not only to his theoretical research work but also to his involvement in the field (notably in Ecuador and Greece). As he takes (...)
A new age of debt crises in emerging economies is on the horizon. Debt levels have been rising across developing countries since the 2008 global financial crisis, on the back of favourable monetary policies in developed economies.
A new report from the Netherlands think tank SOMO analyses the (...)
American protectionism, under Donald Trump’s “America First”, is creating and accelerating deep global shifts that are threatening the global trade, investment and financial regime that the US built and has benefited from over the last four decades.
In Trump’s mind, the supposed partners and (...)
Trump’s conflict with Canada and European countries over trade grabbed headlines during the G7 summit, but there are deeper factors involved, writes Lee Sustar.
SMACKING DOWN Canada while wooing North Korea may appear to be just another example of the impulsive behavior a man singularly (...)
There is money to be made. But not by the people who live on the ground above the oil.
Stock markets are aflame. Not only have the main indices for oil prices – Brent Crude and West Texas Intermediate – leapt closer and closer to the $100/barrel price, but the long-term indices have also made (...)
In May the EU brought in new regulations to control how organisations can use your data. You might be sick of the re-subscribe emails you’re getting from everyone, but these new rules are aimed at forcing all organisations to gain genuine consent to use your personal information. They introduce (...)
On the occasion of the publication of the report Transnational Corporations and Land speculation in Brazil by Rede Social de Justiça e Direitos Humanos (Network for Social Justice and Human Rights), Mary Taylor of LeftEast spoke with Fábio Pitta, Devlin Kuyek and Attila Szőcs about the broader (...)
At the beginning of March, the UN Human Rights Council met in Geneva and the Dutch Parliamentary Committee on “Foreign Trade and Development Cooperation” met in The Hague. There was one common point on these meetings’ agendas: an internationally binding UN treaty to more effectively protect (...)
The ‘new imperialism’ debate suffers from the omission of subimperialism. A review of recent analysis of the BRICS countries (Brazil, Russia, India, China and South Africa), focusing on global governance, accumulation, class struggle and resource extractivism.
Two leading critics of imperialism (...)
For equitable growth, any discussion on e-commerce requires citizen participation, taking due account of safeguarding development, democracy and human rights. So far the digital economy has only lent itself to creating monopolies by big players.
Electronic commerce, one of the components of (...)
After years of criticism from labor unions and other progressive groups, the Bank’s own chief economist is accusing his colleagues of ideologically-driven data manipulation.
The World Bank’s chief economist has set off a firestorm over its system of assigning ratings to 190 countries’ business (...)
The movement has honourable intentions, but offers too few benefits to producers of the global south. Fairtrade is not a new economic model - it accepts the “rules of the game” and can offer only marginal benefits. Despite impressive increases in ethical consumption, the demand for fair trade (...)
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