Leftnews.org | News and Views from the Left

by Editors — last modified 2018-05-01T13:01:25-04:00
Contributors: Faiz Ahmed, JBB, Graham H. Cox, R. Dubois, JA Cox
The best of the political left-wing from around the web.

In unusual statement filled with exclamation points, Trump backs Saudi ruler after Khashoggi killing | NBC

by Faiz Ahmed — last modified Nov 21, 2018 07:28 AM
"The statement makes it clear there will be no additional consequences for Saudi Arabia. Trump reiterated that his administration had already announced sanctions against 17 Saudi Arabian officials over Khashoggi's killing and explained that he would not be cancelling a massive arms deal between the U.S. and Saudi Arabia, despite pressure from some lawmakers to do so."

Marxist or Keynesian macro?

by JBB — last modified Nov 20, 2018 09:20 AM
Michael Roberts | Rupture Magazine | Can we talk about Marxist ‘macroeconomics’? After all, macroeconomics is an invention of Keynesian economics through the development of the concept of gross domestic product and macro identities such savings equals investment etc. Mainstream macroeconomics separated itself from microeconomics, the analysis of markets (supply and demand) or, to be more to the point, what is the value of a unit of production for sale. For the classical economists of the early 19th century capitalism, there was no distinction between the micro and the macro. The task was to analyse the motion and trends in ‘economies’ and for that a theory of value was a necessary tool but not an end in itself.

Black bodies will fall in Brazil

by JBB — last modified Nov 20, 2018 09:11 AM
Marilene Felinto, Danê Sosaba, Sérgio Alli | Africa is a Country | What does the election of far-right President Jair Bolsonaro mean for Brazilians of African descent?

Everything you thought you knew about Western Civilization is wrong

by JBB — last modified Nov 20, 2018 08:52 AM
by Yves Smith | Originally published: Naked Capitalism (November 16, 2018) | MR Online | To say that Michael Hudson’s new book And Forgive Them Their Debts: Lending, Foreclosure, and Redemption from Bronze Age Finance to the Jubilee Year (ISLET 2018) is profound is an understatement on the order of saying that the Mariana Trench is deep. To grasp his central argument is so alien to our modern way of thinking about civilization and barbarism that Hudson quite matter-of-factly agreed with me that the book is, to the extent that it will be understood, “earth-shattering” in both intent and effect.
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