NM's blog

An analysis by Eric Toussaint The international policy doctrine made public by the White House in early December 2025 is not simply a temporary shift in US foreign policy but the logical outcome of a process that has been underway for more than a quarter of a century in the context of the ’new Cold War.’. Under Donald Trump, this orientation takes on an unprecedented ideological form that is openly  predatory, violent, reactionary, authoritarian, and neo-fascist . Where previous administrations combined the exercise of imperialist violence with deeply hypocritical liberal and humanitarian rhetoric, the Trump administration has broken with this façade. Human rights, social rights, the protection of migrants, the self-determination of peoples and even the minimal reference to multilateralism have completely disappeared from official strategic discourse. They have been replaced by a worldview based on ’God-given natural rights,’ the absolute sovereignty of dominant states, the hierarc...

One doesn’t have to agree with all the arguments  in this article , but there are quite valid ones.

The Tightly Packed Contradictions of Global Capitalism

In a nutshell, the climate  negotiations “are predicated on a contradiction: the task of agreeing a programme of radical global economic transformation is allocated to those – including, this year, a record 2,500 fossil fuel industry representatives – who stand to lose the most from disrupting the current economic model. For the most influential in these negotiations – the titans of finance, energy giants, and the wealthy states who protect their interests – the solution to this dilemma is to find a way to transform the foundations of global capitalism, from energy to agriculture and from transport to industry, while preserving everything else about its social relations and overarching dynamics. Theirs is necessarily a future in which the transition to a decarbonised and ecologically sustainable economy implies no trade-off with continued growth, profit maximisation, private ownership or accumulation: in short, from fossil capitalism to a green capitalism. For some, green capi...

Dogs life is long. —a Tunisian proverb “If the American foreign policy establishment is a grand citadel, then Henry Kissinger is the ghoul haunting its hallways. Today, global capitalism and United States hegemony are underwritten by the most powerful military ever devised. Any political vision worth fighting for must promise an end to the cycle of never-ending wars afflicting the world in the twenty-first century. And breaking that cycle means placing the twin evils of capitalism and imperialism in our crosshairs. This newly-released book , published in partnership with  Jacobin , follows Kissinger’s fiery trajectory around the world—not because he was evil incarnate, but because he, more than any other public figure, illustrates the links between capitalism, empire, and the feedback loop of endless war-making that still plagues us today.”

“Exploitation under temporary migration regimes is far from exceptional and should be understood as structural. Certainly, we should highlight exploitation and be enraged about abuse, but this should not be exoticised as something uniquely Qatari. This, after all, is not about Qatar. It’s about the geographies of exploitation inherent in a global economy that succeeds or fails based on its ability to gain the most for the least amount of cost.” The Orientalist discourse hides structural exploitation Related Italy’s Migrant Boot Camp Raped, beaten, exploited “Italy’s Sikh Slaves” Spain: “If you don’t want to work like a slave …”

Capitalism and the Shipping Chaos

A book review

Global capitalism is what it is not only because it is global but, above all, because it is capitalist. The problems we associate with globalization - the social injustices, the growing gap between rich and poor, ‘democratic deficits’, ecological degradation, and so on - are there not simply because the economy is ‘global’, or because global corporations are uniquely vicious, or even because they are exceptionally powerful. These problems exist because capitalism, whether national or global, is driven by certain systemic imperatives, the imperatives of competition, profit-maximization and accumulation, which inevitably require putting ‘exchange-value’ before ‘use-value’ and profit before people. Even the most benign or ‘responsible’ corporation cannot escape these compulsions but must follow the laws of the market in order to survive - which inevitably means putting profit above all other considerations, with all its wasteful and destructive consequences. These compulsions also require...

Serving the global elite

Introduction by Joel Beinin Political economy addresses the mutual and historical constitution of states, markets, and classes… In this perspective, causes are simultaneously effects; all events are situated in a relational matrix; all social hierarchies are subject to contestation. The historical development of social formations dominated by capital is inextricably intertwined with genocides, slavery and other forms of unfree labor, racialization, patriarchy, national oppression, and empire. Capital accumulation by individuals, partnerships, and even contemporary corporations can occur through exploiting many different forms of labor as well as cheap nature. The ambit of political economy also includes the legal, political, and cul- tural forms of the regulation of regimes of capital accumulation; relations among local, national, and global forms of capital, class, and culture; the so- cial structure of reproduction; the construction of forms of knowledge and hegemony; technopolitics;...

Wikipedia disputes the claim of the 100,000 deaths in the 10 years of the construction of the Canal. This site cites 120,000 deaths .   The Long Struggle Over the Suez

Sinews of War and Trade: Shipping and Capitalism in the Arabian Peninsular