Financialization Archives - ROAPE
188
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Financialization Tag

In a major critique of David Harvey's work, the radical political economist John Smith takes on Harvey's claim that the “East” is now exploiting the “West,” a statement, he argues, that is backed up by nothing more than his authority. Harvey could not be more wrong, or about a bigger issue. The root of Harvey's error is his denial that the global shift of production to low-wage countries represents a major deepening of imperialist exploitation....

In this far-ranging analysis of recent events in South Africa, Elizabeth Cobbett argues that a ‘soft’ coup is effectively taking place. Cobbett argues that an ‘oligarchical coup’ is being carried out by wealthy families and senior ANC figures, with Zuma at the heart. The Gupta family’s power to replace key ministerial positions is a graphic example of the operation of this coup, as the wider ANC remain passive or, through Zuma, complicit. ...

In this article, Vassilis Fouskas explains the current debt crisis in Greece and seeks to open a dialogue with the developing countries of the Global South (Africa, Latin America, Asia), all of which have faced, or are currently facing, debt problems. The article examines the lessons and possibilities for radical projects in other parts of the world. We hope this will generate a debate about experiments in Africa that have attempted to construct an alternative politics....