“I used to think that if there was reincarnation, I wanted to come back as the president or the pope. But now I would like to come back as the bond market. You can intimidate everybody”, said the US political operator James Carville. Under capitalism, capitalists as well as workers are dominated by “the markets”, an entity constructed by humans but which then dominates us. Falling unemployment, for example, is regularly reported as “bad news for markets”.
In this introduction to his forthcoming The Dialectics of Ecology (Monthly Review Press, 2024), John Bellamy Foster charts the relatively recent reconstruction…
Mahesh Maskey, editor of Bampanth (Nepal), interviews John Bellamy Foster about the growing emphasis on Marxian ecology among socialists in the Global South and…
Introduction: How the Specter of Communism Is Ruling Our World (UPDATED) theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.
Nowhere is the compromise between their swadharma and new responsibilities due to climate change more evident than in monetary policy. The question we need to ask ourselves is: should already-burdened central banks jump into an arena outside their direct remit? Even if there is a tangential case for policy intervention - from the perspective of what climate change means for financial stability - how should central banks approach it?