SYDNEY and KUALA LUMPUR: Central bank policies have often worsened economic crises instead of resolving them. By raising interest rates in response to inflation, they often exacerbate, rather than mitigate business cycles and inflation.
Monthly Review Blog
NATO begins military drills near Russian border
Troops from 14 countries, including the United States, Sweden, Finland, and Ukraine, are participating in massive exercises in Estonia.
No half measures, cancel all student loan debt
The material benefits of this pause to student loan payments are not something to be taken lightly. But considering the pause has clearly helped borrowers survive, the question for the Biden administration is simple: Why not make it permanent, and cancel all student...
Evo Morales urges Bolivia to withdraw from OAS as more Presidents look to skip Latin American Summit
Bolivian ex-President Evo Morales suggested Sunday that his country should leave the Organization of American States, the international organization that Morales says “provoked” the 2019 coup d’etat against him.
NDP onboard with Cons, Liberals in warmongering over Ukraine
Canada’s “left wing” party is openly opposed to negotiating an end to the war in Ukraine.
The war against food–who is to blame
This week President Joseph Biden stopped at an Illinois farm to say he’s going to help the Ukraine ship 20 million tonnes of wheat and corn out of storage into export, thereby relieving grain shortages in the international markets and lowering bread prices around...
Go to Yan’an: culture and national liberation
The Chinese communist base area of Yan’an was a literal and metaphorical stage for envisioning, experimenting, and building a new society and a new human being.
Who’s middle class?
Of all classes, the middle class is the one with the most people clamouring to be part of it. Many members of the ruling class prefer the label “middle” to one that makes capitalist dominance so overt. Many workers think that having a middle-income job by default puts...
Precarious employment and workers struggle in Russia today: the case of Kirill Ukraintsev, chairman of the Kurier trade union
The problem of precarious employment, non-standard labor relations concerns today an increasing number of employees.
Pentagon-funded Think Tank simulates war with China on NBC
NBC’s 'Meet the Press' just aired an absolutely freakish segment in which the influential narrative management firm Center for a New American Security (CNAS) ran war games simulating a direct US hot war with China.
Controversy and contradictions ahead of the 9th Summit of the Americas
The controversy began when U.S. Assistant Secretary of State for Western Hemisphere Affairs, Brian Nichols, made a statement on Colombian television channel NTN24 earlier in the month, saying that Nicaragua, Cuba and Venezuela were not welcome at the Summit, since...
$40 Billion more the Ukraine war: a wakeup call for those who still believe in lesser-evilism
The U.S. House of Representatives just approved another massive military "aid" package for the Ukraine War.