(2023-06-06). Why China's socialist economy is more efficient than capitalism. mronline.org 
The difficulty the U.S. faces in its current attempts to damage China's economy was analysed in detail in the article "The U.S. is trying to persuade China to commit suicide". Reduced to essentials, the U.S. problem is that it possesses no external economic levers powerful enough to derail China's economy.
(2023-06-06). UK green tax on household goods is part of Agenda 2030 and the circular economy. expose-news.com The Organisation for Economic Cooperation and Development ("OCED") and its Extended Producer Responsibility ("EPR") strategy are part of Agenda 2030 and the circular economy agenda. Yesterday we published an article on the …
(2023-06-06). Shanghai launches ETF option products tracking stocks on STAR market. ecns.cn The Shanghai Stock Exchange (SSE) on Monday launched two option products that will be linked to an exchange-traded fund (ETF) tracking the 50 biggest stocks on the Science and Technology Innovation Board (STAR) market.
(2023-06-05). Another Look at the U.S. Financial Transactions Tax That Could Eliminate Need for All Others. transcend.org 2 Jun 2023 – A small financial transactions tax could correct a number of maladies in the US economic system, from the federal debt crisis to the widening wealth divide to the rampant financialization of the economy, while eliminating taxes on income and sales.
(2023-06-05). Saudi Arabia Set to Join BRICS' New Development Bank. transcend.org 31 May 2023 – The ties between the BRICS bank and Saudi Arabia signals an advancement in the de-dollarisation of the global economy. This week, Saudi Arabia held talks to join BRICS' New Development Bank as its ninth member, a decision not only economic but also political.
(2023-06-05). TRANSCRIPT: The roots and consequences of African underdevelopment, Walter Rodney, 1979. mronline.org 
In May 1979, the Center for Afro-American Studies at the University of California, Los Angeles hosted a symposium titled The Political Economy of the Black World. We are publishing, for the first time, Walter Rodney's thoughtful presentation at this symposium.
(2023-06-05). In China, German lawmaker calls for end to sanctions, an 'instrument of war' (that backfires on Europe). geopoliticaleconomy.com 
"Sanctions are an instrument of modern warfare", says leftist member of the German Bundestag Sevim Dağdelen, warning in a speech in China that economic war is backfiring and hurting European workers, fueling unemployment and de-industrialization.
(2023-06-05). French National Assembly to examine €413 billion defense spending bill. wsws.org While imposing an illegitimate and overwhelmingly unpopular pension cut, Macron is building a "war economy" amid the NATO war with Russia.
(2023-06-06). Cuba willing to share knowledge on health with Türkiye. plenglish.com During a meeting with businessmen from Türkiye, convened by the Council for Foreign Economic Relations of this country, the Minister of Public Health of Cuba, José àÅngel Portal, explained the multiple elements that distinguish the National Health System and the existing potential to carry out various mutually beneficial projects. | Portal made reference to the advances of Cuban science that, in close connection with the health services, allowed the introduction of new technologies developed by national scientists for the diagnosis and treatment of different diseases, including various types of cancer.
(2023-06-05). In China, German lawmaker calls for end to sanctions, an 'instrument of war' (that backfires on Europe). geopoliticaleconomy.com "Sanctions are an instrument of modern warfare", says leftist member of the German Bundestag Sevim Dağdelen, warning in a speech in China that economic war is backfiring and hurting European workers, fueling unemployment and de-industrialization.
(2023-06-05). French National Assembly to examine €413 billion defense spending bill. wsws.org While imposing an illegitimate and overwhelmingly unpopular pension cut, Macron is building a "war economy" amid the NATO war with Russia.
(2023-06-06). Cuba willing to share knowledge on health with Türkiye. plenglish.com During a meeting with businessmen from Türkiye, convened by the Council for Foreign Economic Relations of this country, the Minister of Public Health of Cuba, José àÅngel Portal, explained the multiple elements that distinguish the National Health System and the existing potential to carry out various mutually beneficial projects. | Portal made reference to the advances of Cuban science that, in close connection with the health services, allowed the introduction of new technologies developed by national scientists for the diagnosis and treatment of different diseases, including various types of cancer.
(2023-06-06). Iran Can Be an Important Partner for Brics: FM. orinocotribune.com TEHRAN (Tasnim) — Iranian Foreign Minister Hossein Amirabdollahian said the country can be a major partner for the BRICS group of countries. | "Iran, with its unique geopolitical location and its remarkable economic capacities, can be an important partner for BRICS. We will not miss any opportunity to secure our national interests," Amirabdollahian said in a Persian-language post published on his Instagram page on Sunday. | He also said the era of unilateralism is coming to an end, and that the Shanghai Cooperation Organization (SCO) and the BRICS group of countries will play major roles in the future as a…
(2023-06-06). China's economic rebound to stimulate gas demand. ecns.cn China will lead Asian natural gas demand to return to modest growth of around 3 percent this year, the highest among all regions worldwide, according to a recently released gas market report by the International Energy Agency.
(2023-06-05). The Hypocrisy of Economic Sanctions. transcend.org 1 Jun 2023 – Are economic sanctions a violation of human rights?>
(2023-06-05). Why so-called 'de-globalization' doesn't count much. peoplesdispatch.org Many economists these days talk of a process of "de-globalization" taking place; some others talk of the neoliberal regime of yesteryear no longer existing. Of course, nothing remains the same forever: as the Greek philosopher Heraclitus had said, "You cannot step into the same river twice." Some change in the neoliberal order, therefore, is inevitable with the passage of time. But the real point is: has the analytical frame used for understanding the economic reality of the contemporary world, with a view to changing it, become obsolete and hence in need of serious revision? | "Globalization," it must be remembe…
(2023-06-05). Türkiye to "Return to Rational Ground", New Finance Minister. t.co On Sunday, the recent appointed Turkey's Treasury and Finance Minister, Mehmet Simsek, stated that Türkiye has no choice but to return to "rational ground" in its economic policies. | Related: | Alongside his predecessor, Nureddin Nebati, in the ceremonial transfer of responsibilities, Simsek expressed the government's main objective of increasing social welfare. | "Transparency, consistency, predictability and compliance with international norms will be our basic principles in achieving this g…
(2023-06-05). El declive económico de Alemania. globalizacion.ca
(2023-06-05). Why markets fail on fossil fuel pollution, heralding an era of climate disruption. greenleft.org.au The market mechanism models that underpin climate policymaking have failed and an era of climate disruption is now upon us, argues David Spratt.
(2023-06-05). ASEAN Countries Look to Deepen Ties with the BRICS Bloc. infobrics.org ASEAN countries have improving ties with Russia as they look to access its markets and source cheap energy and commodities…
(2023-06-05). Torrential Rains Leave 15 Dead and 8 Missing in Haiti. telesurenglish.net On Sunday, the Civil Protection Department (DPC) reported that fifteen Haitians died and eight people are missing due to the heavy rains that hit the country on Saturday. | RELATED: | These human losses occurred in the departments of the West, the Southeast, and the Northwest, which are regions plagued by extreme poverty, local outlet Rezo Nodwes reported. | According to provisional data, 5 out of 10 departments were severely affected. The…
(2023-06-05). Nevada Legislature Advances Bill to Extend Free School Meals Into 2025. truthout.org The Democratic-led Nevada State Assembly has passed a bill to provide student breakfasts and lunches in schools throughout the state, ensuring that school-aged children will remain fed, regardless of their income levels, through at least the next two school years. Nevada has enough money left over from pandemic funding from the federal government to continue providing free meals to students in the… |
(2023-06-06). Diluted Sovereignty: A Very Australian Example. dissidentvoice.org Australian concepts of sovereignty have always been qualified. First came the British settlers and invaders in 1788. They are pregnant with the sovereignty of the British Crown, bringing convicts, the sadistic screws, and forced labour to a garrison of penal experiments and brutality. The native populations are treated as nothing more than spares, opportunistic chances, …
(2023-06-05). IYSSE holds powerful anti-war meeting in Toronto, defeating government-backed censorship campaign, far-right Ukrainian disrupters. wsws.org Despite the lineup of state forces behind the campaign by far-right Ukrainian nationalist forces, including Ontario's labour minister, the IYSSE was able to hold the first anti-war meeting in Toronto since the war in Ukraine began 16 months ago.
(2023-06-06). Queensland Labor delegates vote against AUKUS. greenleft.org.au A motion supporting AUKUS was rejected by Queensland Labor delegates at its conference in Mackay. Alex Bainbridge reports.
(2023-06-06). ILWU Local 52 Gabriel Prawl On Firings In Seattle, Growing Anger & West Coast Work Action. indybay.org ILWU longshore workers are facing direct union busting by the PMA and shipping bosses. In Seattle a walkout took place after longshore workers worked to health and safety rules. Seattle Local 52 past president Gabriel Prawl talks about the conditions that are developing on the docks and why anger is growing among ILWU members.
(2023-06-06). At Apple Headquarters Workers Want Labor Power! WGAW Rallies With South Bay Labor. indybay.org Striking Writers Guild Of America West workers and other unionists rallied at the world headquarters of Apple to demand that Apple meet their demands.
(2023-06-06). Mayo neuroscientists discover unknown brain area involved in movement. newsnetwork.mayoclinic.org It's long been accepted that the part of the brain called the primary motor cortex controls body movements. Certain groups of cells direct specific movements — for example, of the feet, hands or tongue. The cells of the primary motor cortex are organized as a type of topographical map of corresponding body parts in the central sulcus, a fold in the brain's outermost layer called the cerebral cortex. Mayo Clinic scientists and their international collaborators…
(2023-06-06). From lift off to splash down: An update on Mayo Clinic stem cells in space. newsnetwork.mayoclinic.org It's been six years since Mayo Clinic physician Abba Zubair, M.D., Ph.D., watched stem cells from his regenerative medicine laboratory blast into space as part of a research effort to see if zero gravity would help the cells multiply faster. Approximately 15 million people worldwide experience a stroke annually, according to the World Health Organization. Currently, stroke remains a top cause of death and disability in the world. Finding new therapies for stroke is important…
(2023-06-06). Worker describes conditions at Amazon's JFK8 facility in Staten Island, New York. wsws.org A worker in the facility's single pack department describes the exhausting work, low pay, poor benefits and company surveillance that persist despite workers' vote for the Amazon Labor Union in 2022.
(2023-06-06). Australian Public Service workers reject federal Labor government wage cut. wsws.org More than 85 percent of workers who took part in the ballot voted against the deal, despite its tacit endorsement by the Community and Public Sector Union (CPSU).
(2023-06-06). Greens offer Labor a rotten "compromise" on Australia's housing crisis. wsws.org The Greens are seeking to politically rescue the Labor government as rents and home mortgage interest rates have continued to soar, threatening millions of working-class households with acute financial stress and evictions.
(2023-06-05). Taiwan's Labor Party condemns 'U.S.-Taiwan Initiative on 21st Century Trade'. ecns.cn Taiwan's pro-reunification Labor Party on Monday strongly condemned the recent signing of the first batch of agreements under the "United States-Taiwan Initiative on 21st Century Trade", saying the act would harm people's interests.
(2023-06-05). Supreme Court Slashed Legal Protections for Striking. Only Jackson Dissented. truthout.org In a shameful decision last week, eight members of the U.S. Supreme Court weakened the right to strike. Only Justice Ketanji Brown Jackson stood up for the workers. In her 27-page dissent in Glacier Northwest, Inc. v. International Brotherhood of Teamsters, Jackson wrote, "The right to strike is fundamental to American labor law." Indeed, it is the threat of a strike that gives workers leverage… |
(2023-06-05). Early-Career NIH Researchers Forming Union For First Time. popularresistance.org Bethesda, Maryland – Thousands of early-career researchers at the US National Institutes of Health (NIH) have kick-started the process of forming a union. They are calling on the agency — the world's largest biomedical funder — to raise pay and improve benefits, as well as to bolster its policies and procedures on harassment and excessive workloads. | About 150 of these researchers rallied on the NIH's campus in Bethesda, Maryland, on 1 June to celebrate filing their union petition with the US Federal Labor Relations Authority (FLRA) in nearby Washington DC. The filing kicks off a months-long process…
(2023-06-05). Have We Whipped Inflation Now? cepr.net 
The inflation hawks have been getting their way with the Fed for the last 14 months, but it looks like the Fed is prepared to call at least a temporary truce in its war on inflation, foregoing the opportunity to raise interest rates at its meeting this month. That would be good news for tens of millions of workers who are experiencing the strongest labor market in more than half a century. | By any measure, the Fed has been very aggressive with its interest rate hikes over the last fourteen months, going from near zero to a range of 5.00 percent to 5.25 percent. It will be some time before the full impact of thes…
(2023-06-05). Electricity and rent hikes expose Australian government's "cost-of-living" budget. wsws.org Working-class households are being driven into destitution by skyrocketing rents, mortgage payments and power prices, making a mockery of Labor's budget and election promises.
(2023-06-05). Summit stresses peace, stability. ecns.cn Collaboration and dialogue are needed to maintain peace and stability in the Asia-Pacific region, and major powers need to act responsibly, the Shangri-La Dialogue in Singapore was told this weekend.
(2023-06-05). David Sirota: Working Class Will Be "Deeply Harmed" by Biden's "Big Win" on Debt Ceiling. democracynow.org 
President Joe Biden on Saturday signed a debt ceiling deal into law that averts a catastrophic default by the United States through January 1, 2025, hailing it as a "big win" for the country. Critics say the agreement protects wealthy corporations and tax dodgers while imposing new cuts on key social programs and expanding work requirements for some recipients of food stamps. The legislation has also been called a "dirty deal" by climate activists because it rolls back environmental regulations and fast-tracks the approval of the Mountain Valley Pipeline through West Virginia and Virginia,…
(2023-06-05). Biden Hailed Debt Deal as a Win for the US. But Who Actually Won? truthout.org President Joe Biden on Saturday signed a debt ceiling deal into law that averts a catastrophic default by the United States through January 1, 2025, hailing it as a "big win" for the country. Critics say the agreement protects wealthy corporations and tax dodgers while imposing new cuts on key social programs and expanding work requirements for some recipients of food stamps. |
(2023-06-05). Net Zero Zealots impose levy to increase the cost of household goods. expose-news.com Green levies to be imposed in the UK from April next year will increase food prices within months, pushing up shopping bills. Families are already facing spiralling food and drink prices as …
(2023-06-05). Plane ticket prices fall sharply for Dragon Boat Festival. ecns.cn Plane ticket prices dive sharply for the upcoming Dragon Boat Festival, with the prices expected to be 20 percent lower than the May Day holiday, Shanghai Observer reported on Sunday.
(2023-06-06). Recovery to propel oil, gas consumption. ecns.cn It imported 152.07 billion cubic meters of natural gas last year, with an import dependency rate of 40.2 percent, said the China Petroleum and Chemical Industry Federation.
(2023-06-06). Services PMI hits healthy level on consumption. ecns.cn Services and consumption in China are gaining momentum at a quickening pace on the back of holiday spending this spring, with an overall accelerated expansion of production and business activity also witnessed in the market.
(2023-06-06). "Preemptive Nuclear War": The Historic Battle for Peace and Democracy. A Third World War Threatens the Future of Humanity. globalresearch.ca US nuclear doctrine consists in portraying nuclear weapons as a means of "self defense" rather than a "weapon of mass destruction". There are powerful financial interests behind Joe Biden's $1.3 trillion nuclear weapons program initiated under Obama.
(2023-06-05). David Sirota: Florida Lawmakers Help Ron DeSantis Shovel More Cash to Wall Street. democracynow.org 
David Sirota of The Lever talks about how Florida Governor Ron DeSantis's fundraising for his 2024 presidential bid could be hindered by a federal pay-to-play rule that restricts campaign contributions from financial executives to state officials who control pension investment decisions.
(2023-06-05). France Objects to NATO Opening Liaison Office in Japan. news.antiwar.com French President Emmanuel Macron objects to NATO's plans to open a liaison office in Japan and thinks the alliance should stay in the North Atlantic, Financial Times reported on Monday. NATO's push to open its first office in the Asia Pacific is part of the US's plans to get its Western allies more involved in …
(2023-06-05). Unions to Supreme Court: Billionaire hacks can't stop our right to strike! workers.org 
In a brazen act of class war, the Supreme Court of the United States issued a ruling on June 1 allowing Glacier Northwest Inc., a concrete company in Washington state, to sue the Teamsters union in state court for alleged financial damages — spoiled concrete — following a strike in . . . |
(2023-06-05). Another Look at the Financial Transactions Tax. globalresearch.ca
(2023-06-06). An Alternative Meme for Money, Part 6: Alternative Framing on Inflation. realprogressives.org If there's no inflation danger, there is no point in taxing the rich before keystroking the poor.
(2023-06-05). Americans Now Owe Nearly $1 Trillion Of Credit Card Debt: 3 Things To Know. moguldom.com 
High inflation is forcing Americans to use credit cards at unprecedented rates and pay for groceries and other essentials with plastic, helping push debt to record-breaking levels and boosting profit and revenue for credit card companies. Americans are up to their armpits in $988 billion in credit card debt — the highest amount ever, according …
(2023-06-05). US Gannett Journalists Go on Strike. telesurenglish.net On Monday, hundreds of journalists joined a strike to demand a change in management at Gannett, a business group that controls newspapers like USA Today. | RELATED: | Their protest coincides with Gannett's annual meeting of shareholders who have been asked by protesters to withdraw their trust from CEO Mike Reed. | "He has cut journalists' salaries and benefits, forcing many to seek employment elsewhere. Many Gannett jo…
(2023-06-06). An Alternative Meme for Money, Part 5: A Spending Meme. realprogressives.org Wherever this flag's flown, We take care of our own. 🎵 Progressives need a new meme for money. This series is addressed to them.
(2023-06-05). Train horror in India: Another crime of decaying capitalism. wsws.org The government has been spending lavishly on the military, as part of its deepening strategic alliance with US imperialism against China, while refusing to make the necessary investments in a rail system that is a crucial means of transportation for the country's more than a billion people.
(2023-06-06). Investments in overseas fields add to output, reserves. ecns.cn Chinese oil companies have been stepping up investment in countries and regions involved in the Belt and Road Initiative, with both output and reserves of oil and gas up slightly, according to a Chinese think tank.
(2023-06-06). "The War is Worth Waging": Afghanistan's Vast Reserves of Minerals and Natural Gas. globalresearch.ca The war on Afghanistan is a profit driven "resource war".
(2023-06-06). Training Center Costs Call Years Of Promises Into Question. popularresistance.org In the spring of 2021, the Atlanta Police Foundation announced an attractive deal for city taxpayers. | If the city put up $30 million for a public safety training center, the nonprofit and its philanthropic partners would handle the rest of the project's $90 million price tag. | That promise was repeated month after month, year after year, by one mayor and then the next. | Today, the Atlanta Police Foundation still asks for donations to the project on a fundraising page that says the city will only contribute $30 million to the cause. | But that's not true. And it hasn't been true for years.
(2023-06-06). Telecom union leader calls on Sri Lankan government to maximise profits at state-owned enterprises. wsws.org Union calls for increased involvement in the government's restructuring and privatisation policies are not new and saw the elimination of over 2,000 Telecom jobs between 2000 and 2006.
(2023-06-05). Pfizer is killing your Family for Profit — Gov. proves 92% of COVID Deaths were among the Triple+ Vaccinated in 2022. expose-news.com The UK government has released official figures that show a shocking truth: the fully vaccinated population accounted for 92% of Covid-19 deaths throughout the entirety of 2022, and 9 in every 10 …
(2023-06-06). Texas 'Death Star' bill threatens to destroy hard-won protections across the state. liberationnews.org 
The bill would block cities and counties in Texas from passing any new regulations that are not already outlined within Texas state law.
(2023-06-05). China strengthens fairness of market competition. ecns.cn China will strengthen supervision and law enforcement against market intervention behaviors, and will consolidate the institutional and regulatory foundations for fair competition, the State Administration for Market Regulation said on Monday.
(2023-06-05). Workers in the old Confederacy are going union. peoplesworld.org 
Workers at Blue Bird Corporation in Fort Valley, Georgia, launched a union drive to secure better wages, work-life balance, and a voice on the job. The company resisted them. History defied them. Geography worked against them. But they stood together, believed in themselves, and achieved a historic victory that's reverberating throughout the South. About 1,400 …
(2023-06-05). At UAW town hall, Fain & Co. falsely claim "transparency" while blacking out Clarios strike. wsws.org The tightly scripted, 25-minute event was aimed at projecting an air of "transparency" and militancy on the part of the UAW's new top leadership, while they in fact prepare to carry out the same policies as their predecessors: brutal attacks on jobs, wages and working conditions at the behest of the auto companies.
(2023-06-05). Russian autoworkers protest low wages. wsws.org Seven workers were arrested when they and dozens of others laid down their tools at the lunch hour and refused to restart the line until that night.
(2023-06-05). More 5G applications, 6G on the horizon: Minister. ecns.cn China will widen the industrial application of 5G and promote the research and development of 6G as it works to establish a beachhead in the future tech frontier, the country's top industry regulator said on Sunday.
(2023-06-05). Australian university union blocks call by CFPE members for broader struggle. wsws.org This was a blatant act of political censorship, showing that the NTEU bureaucrats are intent on stifling the democratic rights of members as they rush to push through sell-out enterprise bargaining deals at one university after the other.
(2023-06-05). Un balance de las reservas internacionales: El origen de la crisis social. globalizacion.ca 
De manera general se asume que el desgaste que enfrenta la sociedad ecuatoriana obedece a la puesta en marcha de un modelo económico autoritario -abiertamente neoliberal- que privilegia el interés de los estratos de ingresos más elevados en detrimento del…
(2023-06-05). Of the Sahel and the Merchants of Death. transcend.org 2 Jun 2023 – There is a trafficking web across the Sahel spanning 6.000 kilometres–from Atlantic Ocean to Red Sea–home to more than 300 million people in 10 countries: Burkina Faso, Cameroon, Chad, The Gambia, Guinea, Mali, Mauritania, Niger, Nigeria, and Senegal.
(2023-06-05). Samidoun participates in the Day of Amnesty in Donostia, Basque Country. samidoun.net 
On Saturday, 3 June 2023, Samidoun Palestinian Prisoner Solidarity Network in the Spanish State was invited to participate in Amnesty Eguna 2023 (Amnesty Day) in the Basque Country, organized by Aske, the pro-independence and socialist organization against repression and in favor of amnesty for Basque political prisoners, which operates as part of the Jardun coordination. Aske was created as …
(2023-06-06). Revolution and Counterrevolution: Remembering Tiananmen 34 Years Later. orinocotribune.com 
By Amanda Yee — Jun 3, 2023 | The story we are typically told in the West is that young student activists had gathered in Tiananmen Square, uniting around the liberal demands of democracy and freedom, bravely defying the repressive Chinese government. After weeks of these ongoing protests, the Communist Party of China had had enough and cracked down on the peaceful protesters. As the story goes, in the early morning hours of June 4, 1989, People's Liberation Army tanks rolled into the square. They were said to be indiscriminately shooting and mowing down innocent, unarmed protesters, killing thousands. | To…