🛢️ Economics

The Trump administration's abduction of Venezuela's president and a purported oil deal granting US control of reserves are exposed as imperialist plunder, with dubious legal footing and unrealistic economic promises.

Cuba's Council of State issued Decree-Law 128, allowing foreign companies to hire directly and open bank accounts abroad, part of 176 economic reforms to expand the private sector amid the US blockade.

Trinidad and Tobago's foreign minister visits Venezuela to discuss bilateral cooperation, easing tensions after his government aligned with US regime-change efforts, including the kidnapping of President Maduro.

Chinese President Xi Jinping, at the SCO Summit 2026 in Bishkek, called the multipolar trend irreversible and proposed boosting photovoltaic and wind capacity by 10 million kilowatts each with SCO countries, plus 100 tech projects in three years.

On August 31, 2026, Chinese President Xi Jinping met bilaterally with Russian President Vladimir Putin, Mongolian President Khurelsukh Ukhnaa, and Uzbek President Shavkat Mirziyoyev on the sidelines of the 2026 SCO Summit in Bishkek, discussing cooperation and regional stability.

Chinese President Xi Jinping attended the SCO Summit 2026 in Bishkek and paid a state visit to Kyrgyzstan, where both heads of state signed a joint declaration and a treaty on permanent good-neighborliness, friendship and cooperation.

The SCO Bishkek Summit 2026 adopted the Bishkek Declaration, backing financial reform and the Belt and Road Initiative, while Russia's trade with members exceeded US$400 billion and national currencies dominate settlements at over 98 percent.

Capitalism's current crisis is terminal because fiscal constraints prevent demand stimulus, driving it toward neo-fascism, militarism, and recolonization, as seen in NATO rearmament and US aggression.

Venezuela signs energy agreements with US and international companies to boost oil production, create jobs, and modernize the electrical grid, aiming for national development and prosperity.

Venezuela and the US sign a 25-year oil deal granting US firms concessions in 17 fields, promising $100 billion in investment and $209 billion in tax revenue.

Venezuela and the US sign a major energy agreement, promising massive investments, job creation, and economic development, with officials highlighting mutual benefits and the role of companies like NABEP and Chevron.

A physician testifies to the UN that Puerto Rico's colonial status drives its public health crisis, citing austerity, infrastructure decay, and environmental injustice, and argues independence is a health imperative.

China's rise challenges American exceptionalism and exposes U.S. neoliberal failures, contrasting China's socialist development with U.S. inequality, militarism, and declining living standards.

A Black socialist critique applies Cheikh Anta Diop's analysis to expose the 501(c)(3) nonprofit system as a European state apparatus, linking Zionist funding of Canary Mission, NSPM-7, and anti-Cuba reports to imperialist class warfare.

Mick Dunford dismantles the Western narrative of Zhu Rongji as a liberal hero, arguing that his reforms were turbulent steps within a still-socialist system rather than capitalist triumphs, and highlighting how subsequent leaders corrected the resulting inequalities.

Mick Dunford dismantles the Western narrative of Zhu Rongji as a liberal hero, arguing that his 1990s reforms were turbulent steps within a still-socialist system rather than capitalist triumphs, and highlighting how subsequent leaders corrected their excesses.

Caitlin Johnstone argues that capitalism's defenders rely on survivorship bias and the just-world fallacy, ignoring systemic unfairness and the role of luck in their success.

Argentina's President Javier Milei, his sister Karina, and Economy Minister Luis Caputo disclosed asset increases in 2025 declarations, with Caputo holding most wealth abroad, amid the country's economic crisis.

The arms race and military spending, not inflation, are the central economic issues; Western policies prioritizing inflation control over employment worsen recession and ignore the threat of nuclear destruction.

India's ruling classes, tied to U.S. imperialism, deepen the country's economic crisis by surrendering sovereignty, suppressing wages, and aligning with U.S. interests, while workers and graduates face rising precarity.

Laith Marouf argues Iran has become an undefeatable superpower, with Western economic warfare and ideological devotion to Israel signaling imperial decline.

Laith Marouf argues that Iran's military and intelligence capabilities now make it undefeatable, and that Western economic warfare against it signals desperation.

An economic analysis of a proposed US-Venezuela energy deal, weighing tax revenue projections, implementation risks, and potential spillovers for investment and infrastructure.

Venezuelan communes like Panal 21 in Caracas practice direct democracy and communal economy, transforming neighborhoods and inspiring international solidarity against imperialism.