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Capitalism

Iran War Described As ‘Biggest Opportunity’ At US Oil Lobby Summit

February 14, 2026 Max Blumenthal, The Grayzone. , , ,
When the American Petroleum Institute (API) gathered oil industry leaders and lobbyists for a “State of American Energy” summit on January 16, 2026, the geopolitical landscape seemed to be shifting dramatically in their favor. However, an attendee of the resource extraction cartel’s most important annual lobbying conference told The Grayzone that participants privately grumbled about President Donald Trump’s heavy-handed attempts to steer their agenda, particularly in Venezuela, where he has demanded they immediately restart operations.

This Newsletter Will Make You Angry

February 13, 2026 Vijay Prashad, Tricontinental Institute for Social Research. , , ,
A few months ago, I travelled with a team from our institute to Cauca, Colombia, to meet with a range of organisations affiliated with the Popular Unity Process of Southwest Colombia (PUPSOC), a coalition of organisations that defend the land and rights of rural communities. Cauca is home to coca-growing campesino (peasant) communities, where families do not plant coca out of ‘choice’ but because dispossession and state abandonment have closed off dignified livelihoods for them. Their labour barely sustains them, yet their crops are drawn into an obscenely lucrative global value chain of suffering.

International Opposition To Trump, ICE Shapes Milan Olympics Opening

February 9, 2026 Alex Lantier, WSWS.org. , , , , , ,
The 2026 Winter Olympics has seen an outpouring of opposition to Trump and the presence in Milan of agents of his murderous Immigration and Customs Enforcement (ICE) agency. Italy’s fascist prime minister, Georgia Meloni, welcomed US Vice President JD Vance to Milan and placed the city on lockdown. Nearly 6,000 heavily-armed Italian police and military officers are patrolling the streets. Snipers are deployed on the rooftops, no-fly zones have been established across the city and a special decree allows police to jail people in Milan for 12 hours on the flimsy grounds that police suspect they might engage in violent protest.

Solidarity Economies And The Unmaking Of Racial Capitalism

February 6, 2026 Manifold.UMN.edu. , , , ,
Two large, painted signs sit at the entrance to the César Andreu Iglesias Community Garden, a large community garden roughly the size of a city block located in North Philadelphia. “WELCOME. BIENVENIDOS. GROW SHARE GATHER,” reads the first in lavender and green. Beside it, in yellow and red, a second sign declares, “ESTE TERRENO NO ESTA EN VENTA” (this land is not for sale). A raised fist—the universal symbol of solidarity—is painted beneath the text. Together, the two signs convey complementary messages about the garden.

Socialism Much More Than Just An Idea

February 4, 2026 Rossana Cambron, People's World. , , ,
Socialism is both a political and economic theory and a historical stage in human development. As capitalism continues to squeeze profits from workers, more people become aware of who truly produces society’s wealth—and who benefits from their labor. This growing awareness raises a critical question: if capitalism creates unbearable conditions for the majority, what comes next? At its core, socialism advocates for social ownership and democratic control of the means of production. This means that major resources and industries—such as factories, land, energy, and transportation—are owned and managed collectively, rather than by private individuals or corporations.

Workers Of The Data World, Unite

January 31, 2026 Arnie Saiki, Decolonize Accounting. , , ,
This is a call for Marxists to begin to treat accounting as more than a technocratic background. I would argue that the most powerful battlefield of economic governance is in the field of accounting and its intermediaries. A 21st-century Marxist approach has to include accounting. For those who have been following our call for stronger civil society engagement in the revision of the UN System of National Accounts, including critiques of the SEEA and the SDG framework, this is the argument. National accounting may look technical and administrative, yet it is foundational. It determines what an economy is allowed to “see,” what states are expected to optimize, and what becomes eligible for finance, compliance, and enforcement.

What Mark Carney Gets Wrong About The End Of The ‘Rules-Based Order’

January 26, 2026 Muneed Javaid, Canadian Dimension. , , ,
Speaking yesterday at the World Economic Forum in Davos, Prime Minister Mark Carney declared that the so-called “rules-based international order” is over. He warned that middle powers face a world defined by coercion rather than cooperation, urged renewed commitment to territorial integrity and sovereignty, and called for greater unity among countries caught between resurgent great-power rivalry. Carney is right that the old order is not coming back. He is right that sovereignty matters, and that Canada and its partners cannot rely on geography or historic alliances to guarantee security or prosperity.

How Africa’s Social Economy Is Shaping Its Development

January 22, 2026 IPP Media. , , ,
In February 2025, the African Union (AU) Heads of State adopted the continent’s first 10-Year Strategy on the Social and Solidarity Economy (SSE), a landmark commitment to institutionalize inclusive, community-embedded economic models across Africa. It signals a shift from piloting to policy and from recognition to implementation. In May the same year, a high-level roundtable took place in Nairobi on "Unlocking the Social and Solidarity Economy in Africa," bringing together leaders from African governments, the South Africa G20 Presidency, the private sector and civil society. It focused on the implementation of the AU 10-year strategy.

Shell, BP Seek Return To Venezuela Following Maduro’s Abduction

January 6, 2026 News Desk, The Cradle. , , ,
British energy giant Shell could earn billions of dollars in profits from new Venezuelan gas projects following US President Donald Trump's abduction of Venezuela's President Nicolas Maduro, the Telegraph reported on 5 January. Shell plans to exploit the massive Dragon natural gas field lying between Venezuela and the maritime border of Trinidad and Tobago. The project to develop the field, which holds an estimated 120 billion cubic meters of gas, is expected to generate $500 million in annual revenue for up to three decades, potentially yielding billions in profit.

Gift Economies And Cultural Commons

January 1, 2026 David Bollier. , , ,
In the late 1970s, well before I became interested in the commons, one of the most formative books that I encountered, at age 23, was Lewis Hyde’s The Gift: Imagination and the Erotic Life of Property. I first read an excerpt in the Whole Earth Review – the countercultural quarterly edited by Stewart Brand – and shortly thereafter the book. I was thunderstruck by the invisible social relationships wrought by gifts and their karmic ramifications, all of which Hyde brought vividly into view. Drawing on anthropologist Marcel Mauss’ famous 1923 book on gift-exchange, Hyde took the idea much further, showing how gift exchange is a ubiquitous social phenomenon for forging and maintaining reciprocal relationships.

Chris Hedges Report: How The ‘Epstein Class’ Fails To The Top

December 26, 2025 Chris Hedges, Scheer Post. , , ,
Noam Chomsky once said “The more privilege you have, the more opportunity you have. The more opportunity you have, the more responsibility you have.” Today, this profound quote from an important figure is ensconced in irony, not only in light of Chomsky’s close ties with Jeffrey Epstein, but also regarding the entire ruling class structure’s facilitation of the pedophile’s rise to the top. Anand Giridharadas, in his book Winners Take All: The Elite Charade of Changing the World, talks about this privilege and the elite delusions that capitalism and capitalists can save the planet from the very problems that they create.

Learning From UAW History And Taking Control Of Work Reductions

December 14, 2025 Nevena Pilipovic-Wengler and Andrew Bergman, Left Voice. , , , , ,
On the morning of October 29, autoworkers at Factory Zero, the GM electric vehicle plant in Detroit, received an urgent notification about the status of our two-month temporary layoff. For over 1,100 of us working in the plant, the news was that we would have to return to work on Thanksgiving week, only to be indefinitely laid off in January. As the bosses reduce production from two shifts down to one, the holidays are bringing uncertainty and precarity, rather than comfort and stability. Over the past year, hundreds of workers at Factory Zero have already been impacted by rolling layoffs and termination of temporary workers, often announced without notice.

The American Dream, We Hardly Knew You

December 9, 2025 John Miller, Dollars and Sense. , , , ,
If Americans’ hopes of getting ahead have dimmed, as the Wall Street Journal reports yet again, it could only be because the lid of the coffin in which the “American Dream” was long ago laid to rest has finally been sealed shut. The promise that if you work hard and play by the rules, you will get ahead, or if you don’t, surely your children will, was broken long ago. And today’s economic hardships have left young adults distinctly worse off than their parents, and especially their grandparents. This long decline has stripped away much of what there was of U.S. social mobility, which never did measure up to its mythic renderings.

Campbell’s Executive ‘Revelations’ Expose Rot Of Capitalism

December 6, 2025 Mike Pappas, Left Voice. , , , ,
In a moment of breathtaking — and allegedly accidental — candor, a Campbell’s Soup executive was recently caught on tape letting the truth slip. “We have sh*t for f*cking poor people,” allegedly declared Campbell’s Vice President Martin Bally, before admitting he barely eats the company’s products himself because they’re “not healthy” and contain “bioengineered meat.” Now, it’s reported, the company has decided to “dismiss” (aka fire) the VP for his comments in an effort to save face. The same company that sells us nostalgic, heartwarming commercials featuring sweet old snowmen is, in the boardroom, run by people who openly acknowledge they peddle often unhealthy foods to the working class and poor.

The Earth Is Unhappy With The Capitalist Climate Catastrophe

December 5, 2025 Vijay Prashad, Tricontinental Institute for Social Research. , , , , ,
During the closing plenaries of the 30th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP30) in Belém do Pará in the Brazilian Amazon, United Nations Climate Change Executive Secretary Simon Stiell gave a rousing speech. Stiell, from Grenada, came to his post after a long career in the corporate sector and then as his country’s environment and climate resilience minister under the pro-corporate New National Party. In his speech he said that ‘denial, division, and geopolitics [have] dealt international cooperation some heavy blows this year’.
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