Commodity Supercycle: A “myth” explained Manuel Riesco

In the Financial Times of 31 August 2015, a piece entitled “Why the commodities super cycle was a myth” concludes that “falling prices show the world is not running out of resources”. It is rather the case that falling prices show that speculative capital is flowing out of commodities, as advanced economies start to recover – in however sputtering a manner – from the secular crisis that began in 2000. In recent weeks, the copper price has fallen under 2.3 dollars per pound, exactly half its historical maximum reached at the beginning of 2011. Pitifully, if the world economy repeats…

Immigration in a Development Context Manuel Riesco

National and regional development is still an all-important ongoing historical phenomenon. Among its many social, economic and institutional determinants, social policies play a significant role. It only takes place over the backdrop of a singular tectonic social transformation -it can only take place once in the history of peoples and nations - which has causal determinations over the whole process, and is certainly determined by it in return. The paper chooses to call this underlying phenomenon "Immigration," mostly for political reasons. This requires a little explanation. Regardless of horrendous past experiences, a significant part of the people seemingly persists in…

Honour and Eternal Glory to the Jacobins! Manuel Riesco

The author argues that the demise of Communist rule in Russia should be seen as a distinct phase of the consolidation of Capitalism, and discusses it in the historical context of other forms of social order. He brings out the homology between the features of ‘the path of actually existing socialism’ and incipient capitalism, as well as, the social support base of the French and the Bolshevik revolution. jacobins (Download the full text in PDF format)

A New Developmentalist Welfare State Model in the Making? Chile in Latin America Manuel Riesco

During the 20th Century, the Chilean State presided over the modernization of the country, largely through two successive and violently conflicting strategies, which in a certain sense seem to conform a unity as well. While the country is out of this painful transition, and once again at the crossroads of yet another momentous shift in its State-led development strategy, the emerging State strategy seems to demand a closer engagement with similar processes that seem to be taking place throughout Latin America. welfare_state_model (Download the full text in PDF format)