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[...] Nixon was engaged in expansionary monetary policy--in other words, he was effectively printing money. On top of this, government spending on the Vietnam War at the time was spiralling out of control. As international markets worried that the US would not be able to make good on its debts, the…

[...] It is 'neo' in the sense that it revived classical market liberalism from the death it had suffered after the Great Depression, but it also added a few new elements. The notion that market freedom is tantamount to individual liberty was a new and distinctive feature of the ideology--and becam…

[...] The democratic state should regulate the market and harness its powers towards desired social ends, securing economic stability and improving living standards. The market should be made to serve society, not the other way round. This new system relied on a class compromise between capital and…

It is tempting to see this as just a list of crimes, but it is much more than that. These snippets of history hint at the contours of a world economic system that was designed over hundreds of years to enrich a small portion of humanity at the expense of the vast majority. By the early part of the …

The Indian famines of the late 19th century were not a natural disaster, as the British insisted at the time. They were the predictable consequence of imposing a foreign market logic that saw fit to eliminate basic human food security and sacrifice tens of millions of people in the service of profi…