Leftnews.org | News and Views from the Left
by Editors
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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
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by Faiz Ahmed
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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?
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by JBB
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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.
British Raj siphoned out $45 trillion from India: Utsa Patnaik
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by JBB
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last modified
Nov 20, 2018 09:16 AM
LiveMint | Economist Utsa Patnaik says West should set aside a portion of its gross domestic product for unqualified annual transfers to developing countries
Black bodies will fall in Brazil
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by JBB
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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?
International Opposition to the 'Military Option' and Sanctions Against Venezuela May Be Gaining Strength
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by JBB
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last modified
Nov 20, 2018 09:03 AM
Is the international balance of forces regarding Venezuela sanctions changing, asks Steve Ellner.
European Union regulations make privacy a human right
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by JBB
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last modified
Nov 20, 2018 09:03 AM
Penney Kome | Six months after its proclamation, how is the EU's General Data Protection Regulation (GDPR) holding up in its intent to reclaim personal privacy as a human right?
Doug Ford reveals Canadian right's disdain for constitutional norms
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by JBB
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last modified
Nov 20, 2018 09:00 AM
Luke Savage | The Guardian | With a mere threat to invoke the notwithstanding clause, Ontario’s premier has opened a Pandora’s box for the right
Building Socialism from Below: Popular Power and the State
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by JBB
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last modified
Nov 20, 2018 08:58 AM
by Ben Tarnoff | Socialist Forum | How can democratic socialists build power in and against the capitalist state? The work of Nicos Poulantzas provides us with a useful starting point.
Why “Post-Work” Doesn’t Work
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by JBB
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last modified
Nov 20, 2018 08:53 AM
Anton Jäger | Jacobin | Many on today’s Left seek to abolish work. But the goal of socialism is to transform it.
Everything you thought you knew about Western Civilization is wrong
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by JBB
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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.