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The Pandemic and Oil

Conn Hallinan Foreign Policy in Focus
With oil prices down and wealthy countries bungling COVID-19, the pandemic has exposed the weaknesses that wealth papers over. The relationship between wealth and favorable outcomes only works when that wealth is invested in the many, not the few.

China & the US: 21st Century's "Great Game"

Conn Hallinan Foreign Policy in Focus
For China, the global war for influence is about trading partners. For the U.S., it could mean something more volatile. China recently softened its language toward the U.S., stressing peaceful co-existence.

California Opens the Public Banking Floodgates

Aaron Fernando The Progressive
The question at the heart of public banking may seem technical but is actually about political power. Public banking shifts power away from profit-motivated board members of corporate banks and into the hands of the people.

As EU Elections Approach, Europe Confronts a Cliff

Conn Hallinan Foreign Policy in Focus
With the hard right running left and the center-left abdicating, Euroskeptics could accelerate a continent-wide crisis. Global migration is on the rise as climate change drowns coastlines, river deltas and drought drives people out of arid climates.

It’s Not Only Necessary to Develop an Alternative to Globalization — It’s Entirely Possible

Walden Bellow Foreign Policy in Focus
It was the left who diagnosed the ills of globalization. So why is the right eating our lunch? Today global capitalism is in a period of long-term stagnation following the global financial crisis. The newer protests represent a far broader disenchantment with capitalism than the protests of the 2000s. The building blocks of an alternative economic model are there - sustainable development, de-growth, and de-globalization.

The New Global Financial Cold War

Michael Hudson / Bonnie Faulkner CounterPunch
The world is being split into two halves: the U.S. dollar orbit, and countries that the U.S. cannot control and whose officials are not on the U.S. payroll, so to speak.

labor

Who Gets Excluded From the Modern Economy?

REBECCA J. ROSEN, ADRIENNE GREEN, LI ZHOU, GILLIAN B. WHITE The Atlantic
Experts on banking and labor markets offer their reasons for optimism and pessimism going into 2016.
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