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Articles and posts tagged with "Political Economy":
Capitalist Crises: Symptoms of a Sick Economic SystemIn 2008 the global financial crisis devastated millions of lives and kicked off a major recession. Governments around the world responded by printing money and bailing out the capitalists who had caused the crisis while working people lost their homes and savings.
Originally published in Red Star: Fall-Winter 2019
Wages and Exploitation Under Capitalism: The Low DownDoes hard work in our society “pay off?” Generally it does not. A recent study found that 63% of Americans do not have enough savings to cover an unexpected $500 expense. And between 2015 and 2017, the number of homeless Americans without nightly shelter increased by 10% according to the Associated Press.
The Crisis in Turkey and its Relation to U.S. ImperialismU.S. President Donald Trump (left) speaks to Turkish President Recep Tayyip Erdoğan (right). The recent geopolitical strife between the U.S. and Turkey has drawn significant attention from the international press. There has been speculation that the related depreciation of the Lira (the currency in Turkey), resulting inflation in the country, and the flight of foreign capital from the country could spark a major international economic crisis.