Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

Monday, February 27, 2017

New Developments in Political Economy: The Demise of “Globalization”

New Developments in Political Economy: The Demise of “Globalization”.

“Globalization” is a slippery term: 1. Sometimes it is used as a description of the quantitative changes in the global economy that emerged in the 1980s. 2. Sometimes it is used to express a set of policy prescriptions that gained traction in that same period. 3. Sometimes it is used to name a theory positing a new era, epoch, or stage of capitalism, a qualitative change in the way that contemporary capitalism functions.
And sometimes the word is used in all three senses:

Tuesday, January 17, 2017

IT'S CAPITALISM, STUPID: Just eight men own same wealth as half the world

According to the latest report published by Oxfam eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity. Oxfam's report 'An economy for the 99%'shows that the gap between rich and poor is far greater than had been feared. 

More specifically:
• Eight men now own the same amount of wealth as the poorest half of the world.

• Over the next 20 years, 500 people will hand over $2.1 trillion to their heirs – a sum larger than the GDP of India, a country of 1.3 billion people.

• The incomes of the poorest 10% of people increased by less than $3 a year between 1988 and 2011, while the incomes of the richest 1% increased 182 times as much.

• A FTSE-100 CEO earns as much in a year as 10,000 people in working in garment factories in Bangladesh.

• In the US, new research by economist Thomas Piketty shows that over the last 30 years the growth in the incomes of the bottom 50% has been zero, whereas incomes of the top 1% have grown 300%.

• In Vietnam, the country’s richest man earns more in a day than the poorest person earns in 10 years.

Monday, January 2, 2017

Capitalism Unmasked: Numbers reveal the expansion of social inequalities in the 21st century

The poorest half of the world's population shares a bit under the 1% of the global wealth, while the richest 10% owns the 88% of the total global wealth. The 0.7% of the world's population owns 116.6 trillion dollars!

1. The richest 1% of the world's population controls half of the global wealth. Despite the economic crisis, the number of millionaires in a worldwide scale was increased during the last 12 months of 2016.

2. According to a survey by Credit Suisse, 3.4 billion people- the 71% of the world's population- share only 7.4 trillion dollars, less than the wealth of the 2,473 billionaires around the world. 

3. The total number of billionaires grew by 81% since 2009, a year after the collapse of Lehman Brothers, while their wealth was more than doubled. According to data provided by Wealth-X and UBS, 16.6 million people (0.334% of the global population) own 77 trillion dollars, which is almost the annual global GDP.

4. Approximately 211,275 millionaires (0.004% of the global population) own the 12.8% (29.7 trillion dollars) of the global wealth, while 2,325 billionaires own 7.3 trillion dollars.

Wednesday, November 16, 2016

OBAMA IN GREECE: Intensification of antipeople measures, deeper Greek involvement in NATO-EU imperialist plans

CONCLUSIONS OF A VISIT.
Comment on U.S. President Barack Obama's visit in Greece.

The bourgeois Greek media already celebrate the visit of Barack Obama in Greece, dedicating hymns to how- supposedly- valuable (for Greece) this visit was. The reality is different. The visit of Obama in Greece, during his last foreign trip as U.S. president, has two major conclusions: The first has to do about the continuation of the antipeople, antiworkers measures which the Greek government will continue imposing and the second is connected to Greece's deeper involvement in the dangerous US-NATO-EU warmongering plans in Eastern Mediterranean.

Thursday, May 26, 2016

KKE: The anti-people work of the government has been acknowledged and approved via the Eurogroup agreement

Communist Party of Greece: Statement of the Press Office of the KKE on the Eurogroup Agreement, 25.5.2016 / Source: inter.kke.gr.

The anti-people work of the government has been acknowledged and approved via the Eurogroup agreement on the completion of the assessment.The agreement confirms that the downward spiral is endless, as each tranche installment has new anti-people measures as its precondition. Similarly, any "lightening" of the debt, which was not created by the people, will be accompanied by a new raft of measures in the various phases of its discussion, regardless of how the competition between the IMF and sections of the bourgeois classes of the EU will be expressed and regardless of what its result will be.
The lies of the SYRIZA-ANEL coalition will unravel quickly, as the laws that have just been passed are not the last difficult measures, as the government officials pretended in the previous period.

Thursday, April 28, 2016

Reaganomics is Literally Making Americans Kill Themselves

Reaganomics is Literally Making Americans Kill Themselves.

According to a new study from the National Center for Health Statistics, the suicide rate in the United States has risen dramatically over the past decade-and-a-half.

Adjusting for age, it jumped 24 percent between 1999 and 2014, with the biggest increases coming after 2006. Thirteen out of every 100,000 people now kill themselves, making suicide one of the top 10 leading causes of death in the entire country. This is a serious public health crisis that needs to be fixed, and while we can’t bring back from the dead the people we’ve already lost, there is something we can do as a country to make sure even more people don’t take their own lives. And that something is to stop voting Republican because Republican policies are driving people to kill themselves.

Seriously, I’m not kidding. This isn’t some crazy conspiracy. It’s a well-documented sociological fact. Numerous studies have found a strong connection between right-wing economic policies and suicide. Recent research from sociologists David Stuckler and Sanjay Basu, for example, found that suicide rates in both the U.S. and U.K. increase when working class wages and wealth decline. Things were particularly bad during the recession period here in the U.S. when, according to the study’s authors, there were 4,750 “excess” suicides.

Wednesday, April 6, 2016

The international economic crisis and the position of Greece - The theses of KKE

The international economic crisis  the position of Greece. 
The theses of KKE / By Eleni Bellou.
Source: International Communist Review, Issue 1, July 2014.

The international capitalist economy is going through a profound crisis characterized mainly by its extensive synchronization. It initially manifested itself in 2007 in the USA, in the construction sector, with the depreciation of capital in financial companies, due to the extensive circulation of investment derivatives in securitized precarious housing loans.
The danger of collapse of US financial giants -that hold powerful positions in the international market of money capital- caused a gradual and generalized large decrease of prices in the most important stock markets in the world. It was the “tip of the iceberg” in the manifestation of a generalized crisis of overproduction, overaccumulation of capital.
An optimistic version of the current data and assessments of the international economic organisations pinpoint 2010 as the year of the lowest point of recession. An increase of the number of unemployed by 25 million has already been registered and it is estimated that another 40 millions will be added by the end of the year. In 2009, the Gross World Product is expected to shrink by 1,7% according to the World Bank and by 2,75% according to the OECD. The latter estimates that the international trade will shrink by 13,2% in 2009.
The International Monetary Fund estimates the depreciation of money capital to 4,1 trillion dollars since the manifestation of the crisis.