China has long seen high-speed economic growth tied to property investment. That model is now failing.
World
Whither the global economy?
There seems to be no evidence to justify the claim by some mainstream optimists that the advanced capitalist world is about to experience a roaring 2020s as the US briefly did in 1920s after the Spanish flu epidemic.
Dependency theory in Eduardo Galeano’s Open Veins of Latin America
The ISP is proud to publish this translation of a reflection on Open Veins, 50 years later, written by the Argentinian Marxist economist Claudio Katz, and presented at the International Seminar marking 50 years since the publication of Open Veins.
Israeli secret dossier contains no evidence of “terror” by Palestinian groups
Israel and its lobby groups have long attempted to discredit, defund and disrupt the work of Palestinian human rights groups like those declared illegal last month.
“Fortress Europe”: An interview with Miguel Urbán
An interview conducted by DEA (Workers’ Left) in Greece with Miguel Urbán — a comrade from Anticapitalistas in Spain who is also elected to the European Parliament — about the current situation in “Fortress Europe.”
Tax havens and the globalization of capital
A company based in a tax haven can have assets anywhere in the world. On the other hand, what appears as foreign direct investment in tax haven countries has no counterpart in real productive investment.
Nicaragua: The other revolution betrayed
The Sandinista revolution started as an extraordinary experience of social liberation and renewal of national dignity in a dependent country whose status as a backyard for US imperialism had been accepted by its authoritarian, dynastic rulers for decades.
The political situation in Greece: Savage neoliberalism, militarism, and institutional racism
It is a political “moment” where everyone—both the ones above and the ones from below—understands that the status quo is not sustainable, and they must prepare for drastic changes.
German election: Unsteady as she goes
The SPD has won (narrowly) because it gained the votes of many on the left. These voters will expect some changes: more and better public services; taxes on the rich; higher wages.
China and common prosperity
Xi’s crackdown on the billionaires and his call for reduced inequality is yet another zig in the zig-zag policy direction of the Chinese bureaucratic elite…
Brazil: Fascist apotheosis
Bolsonaro is making it clear for the fraction of the ruling class that has gone over to the opposition in the last forty days that he will not accept the result of the elections if he loses. He will not respect the rules of the liberal-democratic regime…
The empire has no clothes
The U.S.’ longest war in history—spanning four presidential terms, two Republican and two Democratic—finally ended on August 30th, having accomplished none of its goals and leaving Afghanistan’s population of nearly 40 million people, if anything, worse off than when it began.
Greece after the wildfires
The account of this disastrous August, when temperatures and drought reached record-high levels even for a warm and dry country like Greece, is literally tragic…
‘Disgusting’: Outrage as J&J exports tens of millions of vaccine doses from Africa to EU
The J&J vaccine was supposed to be one of Africa’s most important weapons against Covid. Instead, at least 32 million doses have been shipped out of South Africa to the E.U. as millions suffer and die.
Debacle in Afghanistan
The fact is that over twenty years, the US has failed to build anything that might redeem its mission. The brilliantly lit Green Zone was always surrounded by a darkness that the Zoners could not fathom.
