My father, a New York financier, used to call dubious stocks or bonds, “Chinese paper.” Last week, we saw a blizzard of Chinese paper, both in China and around the world. As manager of a sizeable investment portfolio (an unwelcome second job from my main work, journalism), I watched last […]
A senior European Commission economist has warned that a Third World War is an extremely “high probability” in coming years due to the disintegration of global capitalism. Seeing the systemic roots of this risk can help us avert catastrophe and build resilience. In a working paper published last month, Professor […]
The amount of energy we can extract, compared to the energy we are using to extract it, is decreasing “across the spectrum — unconventional oils, nuclear and renewables return less energy in generation than conventional oils, whose production has peaked — and societies need to abandon fossil fuels because of their impact on the climate.
President Trump is absolutely not the « unpredictable » character so often described. Quite the contrary, he acts in a clearly thoughtful and logical manner. Donald Trump is preparing a reorganisation of international relations. This change is against the interests of the transnational ruling class.
‘When the rich get richer they get more powerful and that puts them in the position to lobby for policies that make them richer still’– former Clinton advisor Larry Summers. I briefly read the French economist Thomas Piketty’s best seller CAPITALISM IN THE 21st CENTURY. The theme of Picketty’s work […]