Nèdeem Elmahjoub's blog

"What does it mean that Trump has done well among middle-income and higher-income voters but not the most-educated? This suggests that his real base of support is small-business owners, supervisory and middle-management employees, franchisees, landlords, real estate agents, propertied farmers, and so on: those who are not at the executive pinnacle of corporate America (who largely have MBAs and other similar degrees) and those who are not credentialed professionals (doctors, lawyers, and the like), but the much wider swath of those people whose livelihood is derived from independent business activity or middle-band positions in the corporate hierarchy." From Slump to Trump

The Long Depression: How It Happened, Why It Happened, And What Happens Next

The Long Depression: Marxism and the Long Crisis of Capitalism by Michael Roberts (Haymarket Books, 19 July 2016)

Hipster Colonialism and the 'ruin' of Cuba

The biggest terrorist state on earth is failing to fight individual terrorism What a surprise!

"Its perhaps understandable why xenophobic rhetoric appealed to some Brexit supporters.  Resolution’s Bell  found that even though pro-Brexit voters weren't from places that had  ​recently  gotten poorer since the mass immigration wave, they were from places that had  ​historically  been poor — going back to the 1980s. These people have good reasons to be angry about the status quo. They’re looking for someone to blame, and immigrants are an easy scapegoat." "Irrational Xenophobia, not Real Economic Grievances" Here is what is missing in the analysis above: Support for UKIP "is even higher among the self-employed and business owners than the working class, and that is quite high even in the professional and managerial classes, who because are their substantial numbers actually provide the biggest bloc of UKIP’s class-based support . For all of these reasons the Conservatives, not Labour, have most to fear from UKIP ... Working class voters are a li

Spain: Further Stalmate

"Brexit in the long run may not make a huge difference to the health of British capitalism, but right now it could help accelerate a new global recession.  And that would have a much bigger impact on the lives of those who voted for Brexit than the perceived problems of ‘overcrowding’ from immigration or regulation from Brussels." The Impact of Brexit

Not bad at all! I like anyone who at least hints to the major source of crimes

An interesting blog written a year ago. The Euro train: going off the rails?

"War is the continuation of business by other means." — Bertolt Brecht  "War is business and business is good for America," [ Britain, France, Germany, Russia, Canada, Israel, and others] "The latest Global Peace Index report finds that the economic impact of violence to the global economy was $13.6 trillion in 2015 in terms of purchasing power parity (PPP). This is equivalent to $5 per day for every person on the planet, or 11 times the size of global foreign direct investment (FDI). The toll of violence is typically counted in terms of its human and emotional cost, but the financial damage to the economy is yet another additional factor to consider. When counting the economic impact one must look at the costs of preventing and containing violence, as well as measuring its consequences. This is important because spending on containing violence, while perhaps necessary, is fundamentally economically unproductive. How do you "add up" the cos

Richard Wolff and the Deepening Crisis

Venezuela: Near the End?

Let Them Drown The Violence of Othering in a Warming World

Joseph Sassoon, Anatomy of Authoritarianism in the Arab Republics

Britain Our way of life: "Everything must go"

Monopoly or competition: which is worse? The case of the US

" Using both the published and unpublished  London Notebooks , Pradella, a lecturer in political economy at King’s College London, reconstructs Marx’s critique of globalization to show the remarkably consistent development of his political and economic views. Pradella also problematizes a widespread view, shared most notably by David Harvey and Samir Amin, that Marx’s  Capital  only deals with self-enclosed national economies, leaving it unable to analyze the uneven development of capitalism and prone to “Eurocentrism” (2–3). She claims that, on the contrary, the laws of capitalist development elaborated by Marx systematically include an analysis of imperialism and colonialism. Pradella not only helps contextualize Marx’s critique of political economy in the discursive constellations of his time, but also prepares her own theoretical basis for a critique of globalized capitalism today."

Economic Grievances and the Syrian Social Contracts

Sunday between noon and 1pm on 104.4 FM (London) Or resonancefm.com (worldwide) Iran: Background article by Kaveh Ehsani Survival Through Dispossession: Privatization of Public Goods in the Islamic Republic More: Tehran, June 2009 by Kaveh Ehsani