The Daily Shaarli
September 24, 2021
In my view, low interest rates are not the result of a lack of aggregate demand caused by rising inequality and the inability of workers to buy back their own production. It is the result of the declining profitability of capital in the major capitalist economies, forcing companies to look overseas to invest where profitability is higher (the investment ratio in emerging economies is up 10% in the last ten years – something that these Keynesian and post-Keynesian analyses ignore).
The Teamsters workers’ union has launched campaigns to organize employees in at least nine Canadian facilities of U.S. e-commerce company Amazon.com, according to Reuters interviews with union officials.
The AUKUS despite being coined a security partnership, is a nuclear arms deal aimed at increasing pressure against China and should be cause for concern | Vijay Prashad