"People's misery makes capitalists' superprofit," said one critic as commodity traders make a killing off worldwide food and energy chaos.
Russia's war on Ukraine has wreaked havoc on global commodity markets, driving up energy and food prices and exacerbating hunger emergencies around the world.
"We're in a market where speculators are driving prices up."
Kohei Saito’s book Capital in the Anthropocene has become an unlikely hit among young people and is about to be translated into English
he climate crisis will spiral out of control unless the world applies “emergency brakes” to capitalism and devises a “new way of living”, according to a Japanese academic whose book on Marxism and the environment has become a surprise bestseller.
Last week, a group of more than 50 media outlets, unions, employer associations and other organizations, representing pretty much every main player in the industry, sent a letter to Prime Minister Justin Trudeau calling for the federal government to take action against the online harassment of journalists.
The Inflation Reduction Act is being hailed by the mainstream climate movement, Congress members, and the media as the most important climate bill in U.S. history. That's a pretty low bar, and it says more about our government's long record of failure on climate than it does about whether this law can prevent dangerous temperature increases in coming decades.
"Make no mistake; these profits mark a large transfer of wealth from working- and middle-class people to wealthy oil executives and shareholders," said Jordan Schreiber of Accountable.US.
As fossil fuel giants this week reported record profits for the second quarter, an analysis out Friday highlighted how eight oil companies have raked in nearly $52 billion over the past three months “while Americans continue to struggle at the pump.”
