Kohei Saito has improbably managed to write a Marxist bestseller in Japan, one of capitalism’s bastions. His Hitoshinsei no Shihonron [Capital in the Anthropocene] has sold almost half a million copies since its publication in September 2020. It has won numerous prizes and has been discussed extensively in Japanese media. As a result, Saito has gone from being a relatively obscure academic to becoming something of a Marxist superstar in Japan.
In a dim, drafty room in Glasgow, the world’s most powerful bankers gather to unveil how they plan to save the planet. An ominous video plays: Earth, spinning in space, is paired with dramatic footage of sea waves crashing, busy highways and smokestacks spewing vile pollution to the skies. An alarm clock tick, tick, ticks underneath it all until the screen goes black and it rings, screeching across the hall. Flashed across the screen is the reason they’re in the room: “It’s time to finance our future.”
In the wake of a higher-than-anticipated inflation reading, experts implored the Federal Reserve not to pursue more "aggressive interest rate hikes."
Hotter-than-expected inflation data published Wednesday intensified fears among progressive economists that the Federal Reserve—in its single-minded drive to tame price increases—will needlessly lock in another major interest rate hike at its policy meeting later this month, further suppressing economic demand and moving the country closer to a recession.
It is a testament to the power of On Necrocapitalism: A Plague Journal that a set of interventions written across the first year of the COVID-19 pandemic should remain so potent and resonant as we approach its fourth year. Writing about events as they happen is fraught with the risk of quickly sounding dated, that the authors will focus on aspects that didn’t have much cultural longevity or that the conclusions and predictions will soon ring hollow. None of these weaknesses haunt the incisive and at times magnificent On Necrocapitalism.
The 51-year-old agency has been losing both power and credibility over recent decades, and SCOTUS’s recent ruling undermines it even more.
West Virginia v. Environmental Protection Agency completes a trifecta of long-sought court victories for the right. What New York State Rifle & Pistol Ass’n v Bruen did to gun control and Dobbs v Jackson Women’s Health Organization to reproductive rights, West Virginia v EPA has done to climate.
Modern biofuels are touted as a boon for the climate. But, used on a large scale, they are no more sustainable than whale oil
What can you say about governments that, in the midst of a global food crisis, choose instead to feed machines? You might say they were crazy, uncaring or cruel. But these words scarcely suffice when you seek to describe the burning of food while millions starve.