David Harvey (PT5)
Economics
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More wealth for the rich is a waste
the distribution of the new wealth that was generated in 2020 and 2021. As the graph shows, 63% of new wealth went to the top … More wealth for the rich is a wasteRead more
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Every Billionaire Is a Policy Failure
As the world’s corporate and political elite convened in Davos, Switzerland for the first winter World Economic Forum in three years, an analysis published Monday … Every Billionaire Is a Policy FailureRead more
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India’s 20 Largest Profit Generators Are Earning 80% Of the Nation’s Profits
India’s smallest businesses epitomise the rise of a new, more efficient economy We are seeing the rise of a new, more efficient, more digital and … India’s 20 Largest Profit Generators Are Earning 80% Of the Nation’s ProfitsRead more
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Finance Capitalism versus Industrial Capitalism
Marx and many of his less radical contemporary reformers saw the historical role of industrial capitalism as being to clear away the legacy of feudalism—the … Finance Capitalism versus Industrial CapitalismRead more
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Cash In Circulation Soared by 83% Since Demonetisation in 2016
Reserve Bank data, reported that the currency in circulation, in value terms, soared from Rs 17.74 lakh crore on November 4, 2016, to Rs 32.42 … Cash In Circulation Soared by 83% Since Demonetisation in 2016Read more
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Banking Crisis 3.0: Time to Change the Rules of the Game
On CNN March 14, Roger Altman, a former deputy Treasury secretary in the Clinton administration, said that American banks were on the verge of being … Banking Crisis 3.0: Time to Change the Rules of the GameRead more
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The Mechanics of a Bond Market and its Impact on the Banking Crisis
Why the Bank Crisis is Not Over The crashes of Silvergate, Silicon Valley Bank, Signature Bank and the related bank insolvencies are much more serious … The Mechanics of a Bond Market and its Impact on the Banking CrisisRead more
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Big Oil Giants Shell & ConocoPhillips Squeeze $61 Billion in Profits Out of American Consumers
Today, Big Oil giants Shell and ConocoPhillips formally reported their profits from the fourth quarter of last year, taking in an eye-popping $13.7 billion in … Big Oil Giants Shell & ConocoPhillips Squeeze $61 Billion in Profits Out of American ConsumersRead more