Author: M Barbu

When Colombians went to the polls Sunday to choose a new president, both choices on the ballot meant change and more than a little uncertainty about the future. It’s no surprise, then, that now that the results are in, Colombia finds itself on edge, teetering between high expectations and high anxiety.

The Federal Reserve Board’s ostensible policy aim is to manage the money supply and bank credit in a way that maintains price stability. That usually means fighting inflation, which is blamed entirely on “too much employment,” euphemized as “too much money.”[1] In Congress’s more progressive days, the Fed was charged with a second objective: to promote full employment. The problem is that full employment is supposed to be inflationary – and the way to fight inflation is to reduce employment, which is viewed simplistically as being determined by the supply of credit.

It was very frustrating to read Noam Scheiber’s profile of Jaz Brisack, the person who led the first successful union organizing drive at a Starbucks. Brisack does sound like a very impressive person and it is good to see her getting the attention her efforts warrant. However, Scheiber ruins the story by repeatedly telling readers that the neoliberals, who have dominated political debate in recent decades, want a free market. Nothing could be further from the truth.

Since the outbreak of the Ukraine war, international grains prices, especially wheat, corn and sunflower, have soared. The circumstance has abruptly aggravated the already serious shortage of grains due to frequent droughts and other adverse climatic variations, now developing into a global food crisis. According to the U.N. World Food Program, 49 million people in the developing world are falling into peril of famine, manifested by riots and protestations in Sri Lanka, Indonesia, Pakistan, Peru, and by destabilizing dynamics in the Sahel, Burkina Faso, Mali, and Chad, among others[2].