It is imperative to reconstruct the Internationale of workers and peoples Samir Amin

For the last thirty years the world system has undergone an extreme centralization of power in all its dimensions, local and international, economic and military, social and cultural. Some thousand giant corporations and some hundreds of financial institutions that have formed cartels among themselves, have reduced national and globalized production systems to the status of sub-contractors.  In this way the financial oligarchies appropriate a growing share of the profits from labour and from companies that have been transformed into rent producers for their exclusive benefit. Having domesticated the main right-wing and left-wing parties the unions and the organizations of the…

The imperial intentions of Trump’s trade war babble Andrew M. Fischer

Trump’s trade tirades are being vigorously disputed by liberal economists the world over, although the riposte is usually in defence of free trade and existing trade deals. However, many of these same economists have promulgated the underlying idea that US trade deficits are the result of some sort of disadvantage or decline. For instance, as I discussed in 2009, 2010, 2011 and 2012, many prominent economists such as Paul Krugman argued then (and many still do now) that China’s undervalued currency gave it an unfair advantage, causing deficits and even financial bubbles in the US. Many economists on the left…

Jayati Ghosh speaks on Imperialism in the 21st Century

Imperialism, explains the renowned economist - whether explicit or implicit - is about the struggle to control economic territories such as markets, workers and natural resources. From explicit colonial control, imperialism has today evolved into forms of "inter-imperialist rivalries" wherein instead of a "free market", the state exercises its control to further the interest of capitalists, rather than common people.

Development for Whom? Jayati Ghosh

Calls for a new development paradigm grow louder each day, especially in rapidly growing countries like India. Award-winning development economist Jayati Ghosh explores prospects for such a new model of equitable and sustainable development with Allen White, Senior Fellow at the Tellus Institute. What drew you to the field of development economics? I was interested in how societies function and how social change occurs, so I began by studying sociology. But it seemed that this discipline just skimmed the surface, that deeper underlying economic contexts and processes were crucial for understanding social change, and that without such knowledge, much would…

Imperialism Still Alive and Kicking: An interview with Prabhat Patnaik

An interview by C. J. Polychroniou C. J. Polychroniou: From the 1980s onwards, with the process of economic globalization having picked up speed, the concept of Imperialism has been largely removed from the political lexicon of much of the Western Left, deemed essentially irrelevant for understanding and explaining the dynamics of contemporary capitalism. However, you beg to differ with this assessment, and have been vociferously arguing for the continuing relevance of imperialism. Firstly, how do you define imperialism and, secondly, what imperialist tendencies do you detect as inherent in the brutal expansion of the logic of capitalism in the neoliberal…

The Challenge before the Latin American Left Prabhat Patnaik

The Left upsurge in Latin America appears to be abating. In October 2015 Jimmy Morales, the conservative candidate in Guatemala, defeated the Left-leaning Sandra Torres in the Presidential elections. On November 22, Mauricio Macri, the conservative Presidential candidate in Argentina, defeated Daniel Scioli, his Peronist rival, by a narrow margin, to bring to an end a long period of Left ascendancy under Presidents Nestor Kirchner and his wife Cristina Fernandez de Kirchner. On December 6, the party of Nicholas Maduro, the successor to Hugo Chavez and the legatee of the Bolivarian Revolution, lost control of the Venezuelan parliament after 17…

Islam and the West Akeel Bilgrami

The Chairman of the World Public Forum has asked me to speak on the relations between Islam and the West and to consider this from the point of view of the framework of a ‘world order’ as well as to consider whether such a framework provides prospects for more peaceful solutions involving a dialogue between civilizations that seem to be at odds.  I am not sure I can manage to bring these diverse topics together in an entirely coherent way in the few minutes I have but let me make an honourable stab at it. ‘World order’ is an expression…

The Refugee Crisis Prabhat Patnaik

What is new about the “refugee crisis” which appears to have engulfed Europe is that for the first time in history the consequences of the tragedies inflicted by imperialism upon the people in the “outlying regions” are visiting the metropolis itself in the guise of “refugees”. The U.S. conquest of the Philippines in the early twentieth century, or the earlier colonial conquests throughout the world by Britain, France and Holland, or even the more recent Korean and Vietnam wars, had not produced a flood of “refugees” or “asylum seekers” on the shores of the metropolitan countries. Those who did not…

“De-Linking” and Domestic Reaction Prabhat Patnaik

There is a strong view in certain Left circles, especially in certain European Left circles, that any de-linking from global capitalism conduces to a promotion of domestic reaction. Of course, even in Europe this is not necessarily the dominant view on the Left; for instance, the Communists and other segments of the Greek Left, which favour Greece’s quitting the Eurozone instead of accepting the “austerity” measures imposed by the so-called “troika” of creditors, do not obviously take this postulated connection, between de-linking from a supra-national institution of capital and domestic reaction, seriously; but it is a significant view. And in…