The United States, which is spreading chaos around the world, is having a crisis at home. Leaving China, Russia, and Türkiye aside, US President Joe Biden urged Congress to accept a deal that would raise the government’s borrowing ceiling and prevent a catastrophic US default. After much wrangling, negotiators from the Democratic and Republican parties reached an agreement on May ...
By Michael Roberts * A recent paper by mainstream heavyweights, Ben Bernanke (former Federal Reserve chief) and Olivier Blanchard (former chief economist at the IMF) has raised some eyebrows. Bernanke and Blanchard seek to argue that the inflationary spike in the US since the end of Covid pandemic slump was down to a sharp rise in ‘aggregate demand’ and not due ...
By Özgür Altınbaş U.S. National Security Advisor Jake Sullivan made a statement full of confessions about the US economy. Stating that the economy can no longer be saved with the existing system, Sullivan called for increasing public investments. The US official also underlined that the American middle class is losing ground. The leaders of the system in the U.S. themselves ...
By Ana Laura Dagorret* Trump’s arrest in New York was probably one of the top news stories of the week. Major media outlets in the United States and around the world reflected the event with live broadcasts, analysis from legal and political specialists and speculation about the former president’s future ahead of next year’s elections. However, the story was more ...
By Michael Roberts * As I write, US regional banks stock and bond prices are diving. And a major international Swiss bank, Credit Suisse, is close to bankruptcy. A financial crisis not seen since the global financial crash of 2008 appears to be unfolding. What will be the response of the monetary and financial authorities? Back in 1928, the then US treasury ...
Second part of Şafak Erdem’s interview with Latif Bolat on the US Midterm elections and fundamental contradiction with the US. Do you think the US election will have an impact on the war in Ukraine? What kind of changes might occur? There are reports in the press that even Biden has sent intermediaries to Zelensky, telling him to seek a ...
Interview by Şafak Erdem The United States is going to elections. A great part of the Senate and the entire House of Representatives will be elected. These so-called midterm elections also provide an indication of tendencies towards the presidential elections in 2024. Which topics dominated the electoral campaigns? How are the Americans viewing the presented arguments? What kind of reshuffling ...
By Doğu Perinçek * In the lead-up to the US congressional raid, the role and position of minorities has been a matter of debate. People of African and Asian descent, the so-called “Hispanics” or “Latinos” and Indians are all referred to as minorities. In the US, there are also religious and sectarian communities and, moreover confrontations: Christians, Muslims, believers in ...
By Doğu Perinçek * Third and final part of the series on the upcoming elections and beyond in the United States. The first part can be read here and the second here. The era of US bullying on a global scale is coming to an end. From an economic point of view, the US tribute system with arms is at ...
By Doğu Perinçek * Second part of the series on upcoming elections and beyond in the United States. For the first part, follow this link. The US is at the crossroads and has entered a process of fundamental decisions. The US claim to world hegemony, which began after 1945, has failed. The armed might of the Yankees has been insufficient ...