Liberation School introduction This is the first English translation of a 1985 interview with Thomas Sankara conducted by Mongo Beti, which remained unpublished until Beti's spouse, Odile Tobner, gave the handwritten notes to Bruno Jaffré, who first published it in...
Two major developments occurred in the global economy in early December that have drawn much commentary and analysis in the financial media. First, the Organization of Petroleum Exporting Countries failed to agree on a reduction of oil production quotas. Saudi Arabia,...
According to the most recent data released by the Federal Reserve, U.S. industrial production as measured by the Fed's manufacturing index (see chart), reached 101.2 in May, finally surpassing the previous peak of 101.0, reached in December 2007. Following that peak,...
In early 2005, as the most recent boom phase of the capitalist industrial cycle came into sight, Apple’s Steve Jobs arranged a secret and illegal pact with Google’s Eric Schmidt to hold down their workers' wages by agreeing not to recruit each other’s employees,...
Reader Kathy recently sent the following comment to Liberation News on our article "Obama signs 'Monsanto Protection Act' into law": "It is unfortunate that you do not recognize that capitalism is not the culprit but crony capitalism. Please understand the difference...
As the economic crisis deepened over the past year, it became clear that some of the biggest banks were, very likely, bankrupt. As a result of the bursting of the speculative bubbles in housing and in industrial commodities such as oil, copper and aluminum, the assets...
Just weeks before the U.S. presidential election, the economic and financial crisis that started with a weakening of the U.S. housing market in mid-2006 has taken a dramatic turn for the worse. Panicky runs on major banks has caused new failures and forced mergers....
Working-class and oppressed people are not likely to mourn the death on Nov. 16 of Milton Friedman (1912-2006). He is acclaimed by the bourgeois media as a brilliant Nobel Prize-winning economist who explained how free markets and free trade, privatization of public...