Chile’s new constitution would’ve replaced its Pinochet-era charter with one that guarantees social, economic, and environmental rights for all. Why, then, did Chileans overwhelmingly reject it?

People all around the world live or die based on the whims of the commodities market. We need to discard the idea that markets are an acceptable way to distribute the world’s resources.

What I have called in the past, the scissors of slump (rising interest rates and falling profits), are beginning to close. Why does tracking the change in the profits of the capitalist sector globally matter? As I have argued in numerous places, profits are the driving force of capitalist investment and therefore employment and income growth. If the profitability of capitalist investment falls and eventually leads to a fall in total profits, it is the strongest indicator of an impending slump in capitalist production. The close (if lagged) relationship between profits and investment is well established by several studies including my own.

Masquerading as an anti-establishment populist, he aims to ride anger over inequality into office—then hand the keys to the one percent.

Royalty plays an important part in reinforcing ideas that inequality is natural and of the impossibility of fundamental change. It has no place in a democracy and is anathema to the idea of socialism and equality.