Once-celebrated crypto mogul Sam Bankman-Fried is now sitting in a Brooklyn jail cell, awaiting trial for several counts of fraud and money laundering. But the scammy Silicon Valley capitalism he represents isn’t going anywhere.

Cracks in the US-EU alliance could mean political openings for the working classes living in the West as well as in Global South nations. In a world facing climate catastrophe, skyrocketing levels of inequality, the threat of more war and even a nuclear war, the costs of missing any such opportunity would be nothing short of tectonic.

The unexpected victory of far-right libertarian Javier Milei in Argentina’s primaries marks a crisis for both Peronism and its traditional conservative antagonists. No one knows exactly what will happen next.

Sunday afternoon at the Auto Workers (UAW) Region 1 Pavilion in Warren, Michigan, felt a lot like church. Auto workers came together in sweltering heat to rally each other with fiery speeches, cheers, and songs in the first Big 3 contract rally anyone can remember. The contracts with Ford, General Motors (GM), and Stellantis expire September 14.

Syriza is electing a new leader after Alexis Tsipras resigned from his longtime role at the head of the party. He leaves the Greek left at its lowest point in decades, with far-right forces now exploiting the mood of social despair.

My last post was on the Global Wealth report produced every year by Credit Suisse and associated economists. ... However, as I published that post, the 2023 global wealth report was released, now under the name of UBS which has taken over Credit Suisse (that’s another story). Now the data show that in 2022, global wealth inequality dropped back to 1% of adults (59m) owning 44.5% of all personal wealth, still slightly higher than before the pandemic in 2019. At the other end of the wealth pyramid, the bottom 52.5% of the world’ population (2.8bn) had net wealth of just 1.2%, slightly better than in 2021.

From the mid-nineteenth century, most countries of the Africa’s Sahel came under French colonial rule. Today, neocolonial structures maintain French domination in the region. Each time the people of the Sahel have risen, they have been struck down. With the recent military coup, Niger is once again moving in a direction that Western countries do not like. They are pushing for a military intervention to bring ‘order’ to Niger. However, the people want to confront neocolonialism and shatter resignation.