Skip to content

Finance and the Economy

Germany’s ‘Summer Of Reforms’ To Accelerate Militarization

In the shadow of the FIFA World Cup, the German government – a coalition of the conservative Christian Democratic Union (CDU) and the Social Democratic Party (SPD) – is pushing through a self-described “summer of reforms” that it promises will revive the stagnating economy and keep Germany “competitive” in a changing world. In practice, Chancellor Friedrich Merz’s program amounts to a comprehensive offensive against workers’ rights, social provision, and democratic participation.  In recent months alone, the government has advanced plans to slash health services, push back the retirement age, extend the working day beyond eight hours, and begin privatizing pensions.

Food Waste Isn’t Just About What We Throw Away

Back in June, I arrived at the 2026 ReFED Food Waste Solutions Summit expecting conversations centered on food recovery, diversion strategies, and emerging technologies. Those conversations happened. But I left thinking about something much larger. Across discussions on policy, technology, supply chains, and community partnerships, a different pattern emerged: food waste rarely appeared as an isolated issue. Instead, it surfaced as a signal of deeper system failures and missed connections. The more I listened, the harder it became to think of food waste as simply a waste problem.

From Brain Capture To Intellectual Sovereignty

Two decades ago, I was in South Africa with the Malawian economist Thandika Mkandawire (1940–2020). We were talking about his generation of scholars, who came of age during the national liberation movements. We had in mind people such as the Egyptian economist Samir Amin (1931–2018), Brazilian economists Ruy Mauro Marini (1932–1997) and Vânia Bambirra (1940–2015), Pakistani political scientist Eqbal Ahmad (1934–1999), South African anthropologist Archie Mafeje (1936–2007), and Nigerian political scientist Claude Ake (1939–1996).

The Economic And Political Losses Of The European Union

The subordination to Washington that Western Europe’s millionaire leaders have reinforced over the past decade with the aim of weakening Russia has cost those nations widespread economic, political, and military deterioration, as well as a loss of credibility on the international stage. The British newspaper Financial Times recently estimated that the numerous anti-Russian “sanctions” imposed by the European Union (EU) and Great Britain at the behest of the White House have caused companies doing business in Russia to suffer losses of more than 100,000 million euros, specifically in the oil and gas sectors, as well as financial institutions, insurance companies, banks, public utilities, and the automotive industry.

Over 160 Years After Abolition, Racism Still Structures US Economy

More than 400 years have passed since the first white colonists arrived in North America to establish a settlement, and more than 160 years since slavery was abolished, yet structural racism is still alive and kicking in the U.S. In the interview that follows, two economists, Michelle Holder and Jeannette Wicks-Lim, co-authors of a new book titled The Political Economy of Racism: The Persistence of Anti-Blackness in the United States, discuss how anti-Black racism developed and the role that it continues to play in the contemporary United States.

Food Insecurity Reaches Near-Pandemic Levels

While headline economic indicators continue to suggest stability in the U.S. economy, a growing body of evidence points to a different reality for millions of Americans struggling to afford basic necessities. New research from the Federal Reserve Bank of New York has found that food insecurity is increasing sharply across the country, reaching levels not seen since the height of the COVID-19 pandemic and exposing deep economic divides that aggregate statistics often fail to capture. The analysis, released this week by researchers at the New York Fed, examined responses from the Survey of Consumer Expectations and found what researchers described as “a remarkable increase in food insecurity, particularly among lower-educated and lower-income households and households with young children,” alongside “a contemporaneous increase in pessimism among the same groups, along with a sharp decline in job-finding expectations.”

AI Advocates Using Same Playbook As Free Traders Before Them

From the late 80’s to the early 2000’s, Canadian politicians and business leaders sung sweetly about the promises of free trade and globalization. Indeed, in 2005, just three years before the 2008 global recession, a consortium of business leaders proudly declared “as an economy, Canada seems to be in great shape,” and that globalization in the 80’s and 90’s had “unleashed a wave of innovation and creativity” within the private sector. Though after two decades of free trade evangelization from thought leaders, many of the arguments in favour of globalization were being repeated by rote: New markets to sell to. More foreign investment. Cheaper goods for consumers.

Rising Gasoline Prices Lead Inflation Surge In March

On Friday, April 9 the Bureau of Labor Statistics released their report on consumer prices for March. The Consumer Price Index, or CPI surged 0.9% in March, three times as high as the price increase in February. The increase in consumer prices over the past year shot up from 2.4% in February to 3.3% in March. This year-over-year inflation rate is up by a whole percentage point from 2.3% last March, just before Trump’s “Liberation Day” tariffs. The rise in prices was led by gasoline, up 21.2% in March. While the prices for consumer goods and services other than food and energy, or the so-called “core inflation rate” only ticked up 0.2% in March, the rise in fuel prices started to spill over into other goods and services.

US Wartime Economy: Bombshell Layoffs, Exploding Oil Prices

It is often claimed by bourgeois economists, historians and politicians that endless war has been good for the U.S. capitalist economy, providing jobs in weapons production and the rebuilding of what U.S. bombs destroy. For example, the high school and college textbook “America’s History” (2011) argues throughout its telling of every war — from the 19th-century Civil War to the 1940s World War II, from the 1960s and 1970s slaughter in Vietnam to the 1991 and 2003 “shock and awe” bombings and occupation of Iraq — that U.S. wartime economies turned domestic capitalist economic recessions and depressions into general boom times for the population.

Infrastructure, Finance, And The Sale Of The Future

Imagine yourself as a housing developer – an entrepreneur, a big-time player, a real deal-maker. Your people devise a plan to borrow money, buy land, design and win approval for a new subdivision, and sell 1,000 new housing units. Then, perhaps years before the houses are completed and decades before the initial mortgages are repaid, you sell your shares in the venture for a tidy profit. A neat trick, this, cashing in today on bills that others will pay long into the future. You have become wealthier, but have you been a “wealth creator”? For that matter, are you contributing to “economic growth”?

Trump’s Deportation Crackdown Is Hurting Tourism

At the Universal Studios Hollywood theme park near Los Angeles, food service worker Sam Nassar doesn’t need a corporate earnings call to know that tourism is down, including among international visitors. He can see it inside the park — and in his schedule and paycheck. “Since the start of last year, we’ve definitely seen a huge dip in attendance,” said Nassar, 39, who works primarily at the Wizarding World of Harry Potter area of the park. “My hours have been cut anywhere from 30% to 50%.” Nassar has used a second job as an in-home caregiver to make ends meet, but he wonders about the year to come.

Trump’s Economy Is Hurting Americans

President Donald Trump is boasting about the economy one year into his term. He claims that inflation has been defeated, growth is unprecedented, incomes are rising, and his tariffs are generating hundreds of billions for the U.S. economy. This is all hogwash, according to progressive economist Gerald Epstein, a leading global authority on macroeconomic policy and finance. In the exclusive interview for Truthout that follows, Epstein explains how, in reality, Trump’s policies have created an affordability crisis, and the growing deficit and humongous public debt are now bringing the country close to a tipping point.

Workers Of The Data World, Unite

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.

The Global South Needs Productive Employment

On India’s 79th Independence Day, in August 2025, Prime Minister Narendra Modi devoted his speech to Viksit Bharat 2047 (Developed India 2047) and announced a National Manufacturing Mission. The mission, he said, must ‘reduce import dependence and strengthen economic resilience’ in sectors ranging from aerospace to artificial intelligence. He urged India’s twenty-eight states, eight union territories, and the central government to identify 100 ‘priority products’ for domestic manufacturing and added that state governments should streamline regulations and approvals, ‘especially with respect to land, utilities, and social infrastructure’, in order ‘to attract global companies’.

Standing Tall: Venezuela’s Delcy Rodríguez Condemns US Aggression

Acting Venezuelan President Delcy Rodríguez has delivered a message of unity and dignity during the presentation of her Annual Message to the Nation. In her speech, she detailed the political, economic, social, and administrative achievements of President Nicolás Maduro’s administration throughout 2025, reiterating that he remains the leader of Venezuela and Chavismo. “There is a stain on our relations, because they have crossed the red line,” the Chavista leader stated this Thursday, January 15. “They attacked, assaulted, killed, invaded, and kidnapped President Maduro and our first lady.
assetto corsa mods

Urgent End Of Year Fundraising Campaign

Online donations are back! Keep independent media alive. 

Due to the attacks on our fiscal sponsor, we were unable to raise funds online for nearly two years.  As the bills pile up, your help is needed now to cover the monthly costs of operating Popular Resistance.

Urgent End Of Year Fundraising Campaign

Online donations are back! 

Keep independent media alive. 

Due to the attacks on our fiscal sponsor, we were unable to raise funds online for nearly two years.  As the bills pile up, your help is needed now to cover the monthly costs of operating Popular Resistance.

Sign Up To Our Daily Digest

Independent media outlets are being suppressed and dropped by corporations like Google, Facebook and Twitter. Sign up for our daily email digest before it’s too late so you don’t miss the latest movement news.