Italy: lurching to the right

Italy goes to the polls this Sunday 27 September.  This is a snap election forced on Italy’s president because the ‘technocratic’ government under former ECB chief Mario Draghi fell after he lost majority support in parliament.  That support was lost, partly because Draghi vigorously backed NATO support for Ukraine against the Russian invasion – somethingContinue reading “Italy: lurching to the right”

Life expectancy and human development in the 21st century

Life expectancy is one of the best measures of human development.  In hunter-gather societies, on average, about 57-67% of children made it to 15 years. Then 79% of those 15 year-olds made it to 45 years.  Finally, those remaining at 45 years could expect to reach around 65-70 years. So we can see that lifeContinue reading “Life expectancy and human development in the 21st century”

Down the Jackson Hole

Jay Powell, the chair of the US Federal Reserve, made a keynote speech at the annual summer symposium of central bankers in Jackson Hole, Wyoming, USA.  This was closely watched by financial investors and economists to see if Powell was going to support the strategy of a ‘Fed pivot’ on interest-rate policy.  The pivot isContinue reading “Down the Jackson Hole”

Russia under Putin

In my last post, I described how Western capital is planning to take over and control Ukraine’s resources and exploit its labour force to the maximum in order to boost the profitability of both Ukraine’s domestic capitalists (oligarchs) and foreign multi-nationals. However, there is a problem for Western capital and Ukraine’s oligarchs: it’s Russia.  TheContinue reading “Russia under Putin”

The IRA and the four horsemen of the climate apocalypse

The announcement that US President’s Biden’s Inflation Reduction Act (IRA) has got the backing of pro-business, coal-mining owner Democratic Senator Manchin has been greeted with a wave of optimism that the US target of cutting carbon emissions in half before the end of this decade (or 40% compared with 2005 levels), can be met.  “ThisContinue reading “The IRA and the four horsemen of the climate apocalypse”


Something went wrong. Please refresh the page and/or try again.

Follow My Blog

Get new content delivered directly to your inbox.