Current history, past politics, future communities

Category: Economics

Corona Crisis: There Is No Alternative (TINA) – to Socialism, this Time

We don’t get fooled again. Once more the political class is trying to rescue corporations at the expense of the 99%. Where yesterday there was no money for social policy, today there are trillions for corporations that have created an economic and environmental dystopia. Vassilis K. Fouskas is professor of international relations at the University

Continue Reading

A no-deal Brexit won’t end the uncertainty for business

It’s very difficult to say what’s going to happen with Brexit right now. The prime minister, Boris Johnson, has said he’d rather “die in a ditch” than ask for a Brexit delay. Yet that’s what MPs are pushing for him to do. And now parliament is suspended for five weeks. For businesses, this uncertainty over

Continue Reading

The US-Turkey stand-off in context: the US and the weaponisation of global finance

The US, a declining superpower, is trying to use the power of the dollar as a weapon to punish Turkey and other disobedient actors in the international system. Mainstream pundits and media commentators see the crisis in US-Turkey relations and the collapse of the Turkish currency as a result of Turkey’s refusal to hand over

Continue Reading

Class, Trump, Brexit, and the decline of the West

In politics, long-term socio-economic trends and global shifts matter more than often overstated ‘progressive’ discourses about equality, progress and freedom. Le Monde characterised the victory as “a fundamental transformation” comparable to the fall of the Berlin Wall and 9/11. For The Guardian, Trump “will halt all the progressive narrative about America in the 21st Century”;

Continue Reading

“Brexit”: the real threat to globalization

British voters on June 23 may also decide the future of globalisation/ financialisation. If Britain votes to leave the EU, globalisation may be over, and with it an era in history. The impact of Brexit on Britain and globalization: the role of the City of London The European Union accounts for almost half of Britain’s

Continue Reading

© 2020 Vassilis K. Fouskas

Theme by Anders NorenUp ↑