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Neoliberalism

Newsflash: Inequality In Neoliberal America

If anyone is perplexed or surprised  why Americans are so upset about the economy, they should look no further than the Income Distribution and Dynamics in America (IDDA) recent report by the Federal Reserve Board of  Minneapolis and its data site that looks at the stagnation of American income and economic mobility in America.  It unfortunately confirms what we already know—the neoliberal state benefits unevenly and in ways that confound an ability to challenge it.. America is built upon two myths, the myth of equality and the myth of the American dream. The myth of equality is the idea that we all have an equal opportunity to succeed. 

Argentina: Escalating Demonstrations Of Workers And Unemployed

Just 3 days after the national series of Milei is Hunger meetings across Argentina even larger demonstrations took place again today. The sizes, collaboration and militancy of these actions are indicating a new stage in the struggle against the anti poor super neo liberal agenda of the narcissistic president. In Buenos Aires, entitled the National Workers’ Meeting  was held in the Plaza del Congreso  with thousands of fighters, called by dozens of recovered unions and sections, delegates and internal commissions, social and picketers’ organizations, student centers and popular assemblies, with the intention to set a common course to confront the offensive of the Milei government.

Venezuela Hosts World Gathering To Unite The Left For A Social Alternative 

From April 18 to 20, more than 500 activists from around the world gathered in Caracas, Venezuela for the "World Gathering for a Social Alternative." The meeting was convened by the Simon Bolivar Institute and the ALBA Movement, and it was followed by an ALBA-TCP leaders summit, which included the ten ALBA countries and Honduras. Clearing the FOG speaks with Carlos Ron, president of the Simon Bolivar Institute, about the urgency of the gathering, what will come out of it and the next steps. Ron shared the progress Venezuela has made under the Bolivarian Revolution, the retaliation against Venezuela primarily by the United States and the importance of connecting social movements to confront the many global crises of this era.

Argentine Student Movement Erupts Against Milei’s Adjustment

“We do not want them to take away our dreams. Our future does not belong to them,” said the president of the Argentine University Federation (FUA), Piera Fernández de Piccolini, to an overflowing Plaza de Mayo during the march in defense of public universities on April 23. The protest organized by student groups and educators unions was also supported by labor unions and left parties. At the Plaza, hundreds of thousands chanted: “The country is not for sale!” “Education is a fundamental human right because it reduces inequality,” added Piccolini, who read the closing declaration of the mobilization.

The Israeli Agricultural Industry: A Strategic Weakness

Since the beginning of the brutal war waged by the Zionist enemy on Gaza, the agricultural industry in the Zionist entity has witnessed a significant shortage of agricultural labor. The Israeli government issued a decree prohibiting Palestinian workers—some of whom work in the agricultural sector—from entering the Occupied Territories. This was accompanied by the departure of around 8,000 Thai workers from the Occupied Territories at the beginning of the war. This crisis posed a challenge for Zionist farmers, especially in the Gaza Envelope.

Western Climate Agenda Goes Against African Development

The exuberance of carbon and biodiversity offsets reached its pinnacle in Africa with several governments signing deals to concede vast sections of their primary forests to global carbon markets. Essentially, carbon and biodiversity offsets are premised on the flawed logic that forests, rangelands, mangroves and other important ecosystems of the world peripheries can serve as carbon sinks and neutralise the ecological effects of the unsustainable economic growth of the imperial core. The 2022 Land Gap Report estimates that the total area of land needed to meet climate pledges is almost 1.2 billion hectares globally.

How To Go From Neoliberalism To A Productive, Sustainable Economy

In our last show, which we entitled “The Debt Explosion: How Neoliberalism Fuels Debt Crises“, we promised that our next show would be about what the solution is, what is the solution to the myriad problems that we were describing. And that is indeed what we are going to discuss today. The solution, we feel, in the United States and in all countries that have gone down the road of neoliberalism and financialization involves a root and branch reform of the financial system. And this would be the foundation for the urgent economic transformation. It will be the single largest component of the economic transformation that so many of us realize we also badly need.

Capitalism And Drug Trafficking In Ecuador

Ecuador is experiencing a wave of organized crime violence that is linked to structural problems. It is the product of a complex context divided between the increase in poverty, new drug routes worldwide and the emergence of a local narco-bourgeoisie. Amid all this, a global crisis of neoliberal capitalism, and consequently, the decomposition and rupture of the social pact between classes, peoples and hegemonic blocks. In this context, the Government of Daniel Noboa has decided to confront the wave of drug crime that is drowning Ecuador through the declaration of internal armed conflict. In other words, war against the poor, forcibly financed by the poor, supported by the middle class, and certain sectors that have been trapped by the Government’s punitive discourse.

We Know A Different World Will Be Born Out Of This Mess

‘The West is in danger’, warned Argentina’s new president, Javier Milei at this year’s World Economic Forum (WEF) meeting in Davos, Switzerland. In his dangerously appealing style, Milei blamed ‘collectivism’ – that is, social welfare, taxes, and the state – as the ‘root cause’ of the world’s problems, leading to widespread impoverishment. The only way forward, Milei declared, is through ‘free enterprise, capitalism, and economic freedom’. Milei’s speech marked a return to the orthodoxy of Milton Friedman and the Chicago Boys, who pushed forward an ideology of social cannibalism as the basis for their neoliberal agenda.

Global 1% Own 43% Of Financial Assets

The world’s richest 1% own 43% of global financial assets, and the wealth of the top five billionaires has doubled since 2020, while 60% of humanity – nearly 5 billion people – collectively got poorer, according to a report by Oxfam, a leading international humanitarian organization. Oxfam published the study, “Inequality Inc.”, to coincide with the World Economic Forum meeting of corporate oligarchs and Western government officials in Davos, Switzerland this January. The five richest people on Earth in 2023 were Elon Musk, Bernard Arnault, Jeff Bezos, Larry Ellison, and Warren Buffett. Their combined wealth skyrocketed from $340 billion in 2020 to $869 billion just three years later.

The Rich Get Richer While Global Poverty Deepens

The wealth of the world’s top five richest men has more than doubled since 2020 while 4.8 billion people, or 60% of humanity, have been further impoverished. At this rate, while it could only take a decade for the world to have its first trillionaire, it will take 229 years to ensure that no person is living in poverty. These findings are part of a new report titled Inequality Inc. published by Oxfam International, released on the eve of the World Economic Forum meeting in Davos, Switzerland. “We’re witnessing the beginnings of a decade of division, with billions of people shouldering the economic shockwaves of pandemic, inflation and war, while billionaires’ fortunes boom.

How Neoliberalism Weakens Economies And Fuels Alternative Systems

Major economic shifts are occurring in the world, in part driven by a response to Western imperialist nations' long history of attempting to impose their will through economic and military coercive measures. To understand the current state of globalization and where it is headed, Clearing the FOG speaks with Radhika Desai, the director of the Geopolitical Economy Research Group at the University of Manitoba. Desai discusses neoliberalism and how it weakens first world economies as well as alternatives such as the BRICS formation that are starting to have a significant impact in challenging Western hegemony. She also describes the current events in Western Asia as another turning point in the decline of Western power.

The Debt Explosion: How Neoliberalism Fuels Debt Crises

Political economists Radhika Desai and Michael Hudson discuss the massive explosion of debt in the US and around the world, and how neoliberal economics leads to large bubbles based on speculation and asset-price inflation.

Violence In Ecuador Is Result Of Deliberate Dismantling Of The State

The systematic violence which has immersed Ecuador is the product of a process of deliberate destructuring of the rule of law derived from policies implemented by the last three neoliberal governments, warned Jorge Paladines, an academic at the Central University of Ecuador and a professor of law and political science, in an interview with Sputnik. That, today, Ecuador is in a situation of internal armed conflict, that the country has been plunged into a state of emergency, and that a live television program was interrupted by armed men, is not the result of spontaneity or chance.

Ecuador In Crisis: A Country Broken By Neoliberalism

People across the world were shocked to see a drug gang waving rifles and grenades in the TC Television studios in Guayaquil, and the scene was perhaps the cinematic peak of successive days of explosions, riots, lootings, shootings, car explosions, and widespread panic that has paralyzed the country. However, the shocking and unprecedented episode on the public channel in Guayaquil—and the events that preceded and followed it—are just the latest chapter in a spiral of organized violence that has lasted for about five years and that has metastasized in the last two. It is the sad metamorphosis of a country that went from being the second safest in Latin America to becoming the most violent, with a homicide rate that has grown almost 800% since 2019.
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