Capitalism Archives - Political Economy Journal

Capitalism and the Fabrication of Food Insecurity

05

Mar

Capitalism, Food, Insecurity

Capitalism and the Fabrication of Food Insecurity

BY: Tamseel Aqdas* PEJOURNAL - Human security can be depicted as the notion through which the widespread and cross-cutting challenges to the survival, livelihood and dignity of individuals can be identified and protected. In simpler words, folks are protected against threats and situations that deem to violate their vital human rights. Thus, with human security, the protection and empowerment of people is promoted. With that said, under the umbrella of human security, food security holds immense significance; as, it is responsible for sustaining human life and health. In addition to that, it also stipulates individuals on the required energy for…

Capitalism After the Pandemic

BY: Mariana Mazzucato PEJOURNAL - After the 2008 financial crisis which was a challenge to Capitalism, governments across the world injected over $3 trillion into the financial system. The goal was to unfreeze credit markets and get the global economy working again. But instead of supporting the real economy—the part that involves the production of actual goods and services—the bulk of the aid ended up in the financial sector. Governments bailed out the big investment banks that had directly contributed to the crisis, and when the economy got going again, it was those companies that reaped the rewards of the…

Income Inequality and its Associated Negative Outcomes in the USA

BY: Andrew Rupp PEJOURNAL - Since the 1970’s, most member countries of the Organisation for Economic Co-operation and Development (OECD) have shown rising levels of income inequality (d’Agostino et al., 2020). In the USA the existence of income inequality is widely known, yet many remain unaware of the current, colossal levels of inequality (Norton and Ariely, 2011). Indeed, as recent as 2016, the combined global wealth of 99% of the world’s population was still less than that owned by the richest 1% (Oxfam International, 2017). In America in 2016, the wealthiest 10% owned nearly 80% of the nation’s wealth while…