The Daily Shaarli
October 19, 2022
Neoliberal policymakers present “green finance” as a market-based solution for climate chaos. But the investment scenarios they’ve devised for our transition beyond fossil fuels are really a form of economic planning — one that the Left should take control of.
Critical scholars and progressive politicians alike have today widely embraced the view that finance is a parasitical and corrosive force on the “real” industrial economy. According to this perspective, ‘financialization’ is a harbinger of the decline of American capitalism – forcing non-financial corporations to take a ‘short-termist’ outlook, and to restructure in ways that are dysfunctional to long-term economic health and stability. Yet such accounts obscure the ways in which, far from simply ‘hollowing out’ production, finance has in fact been integral to the capitalist globalization of recent decades.
Clothing and footwear manufacturing is characterised by a globalised “value chain”, in which each phase of production is concentrated in a different region.
Palestinian users are once again deprived of their freedom of expression by having their content blocked on TikTok and penalizing Arabic-speaking users as part of a long systemic suppression of Palestinian voices by social media giants.
This year is the centenary of the March on Rome, the coup that brought Mussolini’s fascist party to power in Italy in 1922.
Haiti doesn’t need any more intervention from Canada or other members of the “Core Group.” In every instance, these powers have done nothing but strip away the most basic social services in the country while empowering the repressive state forces that target social resistance to poverty and underdevelopment. What Haiti needs is respect for its sovereignty and the demands of its people.