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.
México Solidarity Project/Liberation Road
Mexican President Andres Manuel Lopez Obrador's (AMLO) recent visit to the US stirred a great deal of media reaction in the US and México. To appreciate what AMLO and Morena are attempting to do, here are factors the Left, needs to consider.
The Covid-19 crisis has lead to a titanic drop in the demand for, and price of, oil. The resultant glut has the industry paying storage companies to take their oil. Political economist Adam Hanieh looks at what this might mean for the global economy.
“Algerians cannot and will not put up with being humiliated any longer. They want to live in a democratic Algeria with social justice. The national wealth must be fairly distributed. Clientelism and corruption must be forever banished,”
US sanctions are killing ordinary Iranians by the thousands. Through its control over the world banking system, America’s sanctioning power flouts international human rights law and poses a threat to the world.