The economic model of Mauricio Macri’s administration in Argentina is collapsing under massive currency devaluation, soaring interest rates, and severe drain of central bank reserves. This crisis is the direct consequence of reckless foreign debt accumulation and regressive income distribution favoring the capitalist elite. Faced with bankruptcy, the government has turned once again to the … Leer más «Argentina: Who will pay for the crisis, them or us?» »
In this article, I analyze China’s economic trajectories and global positioning in the aftermath of the COVID-19 pandemic and the crisis of neoliberal globalization. I examine how the initial model of economic partnership with the United States broke down following the 2008 financial crash, giving rise to Washington’s aggressive decoupling strategies and trade tariffs. In … Leer más «Deciphering China Part I: Decoupling or New Silk Road?» »
In this article, I explore the complex socio-economic nature of contemporary China through the framework of uneven and combined development. I analyze how the combination of a socialist foundation, market mechanisms, and capitalist parameters enabled China’s unprecedented growth while avoiding the financialization and neoliberal deregulation that plagued Western economies. However, the expanding penetration of capitalist … Leer más «Deciphering China Part II: Capitalism or Socialism?» »
In this article, I examine the competing political projects and future scenarios shaping China’s socio-economic trajectory. I characterize China as an intermediate bureaucratic formation where the emerging capitalist class has not yet secured state power. I critically review prevailing theoretical perspectives, rejecting both the notion of a fully consolidated capitalist restoration and the uncritical view … Leer más «Deciphering China Part III: Projects in Dispute» »
Wallerstein’s conception intersects with dependency. He posits a five-century world system model with competitive pillars, secular cycles, and changing hegemonies. It portrays central, peripheral and intermediate insertions based on productive modalities and commercialized products. It describes the same polarization, stable stratification, and recreation of underdevelopment that diagnoses the Marxist theory of dependency. But the two … Leer más «DEPENDENCY THEORY AND THE WORLD-SYSTEM» »
In this paper, I commemorate the 50th anniversary of Eduardo Galeano’s classic work, The Open Veins of Latin America, exploring its profound convergence with Marxist Dependency Theory. I highlight how Galeano’s masterwork popularized the core principles of dependentism through a vivid, passionate synthesis of history, political economy, and literature. I analyze the book’s alignment with … Leer más «Dependency theory in Eduardo Galeano’s Open Veins of Latin America» »
The progressive cycle emerged from popular rebellions that altered power relations in South America. There were social improvements and democratic conquests, and imperialist aggression was curbed. But export-oriented extractivism increased and trade became more balkanized. The agreements with China made by each country reveal fractures in continental integration that have facilitated the reappearance of free … Leer más «DESENLACES DEL CICLO PROGRESISTA» »
In this article, I argue that the decline of United States hegemony is the primary driver behind the rise of the BRICS grouping. Examining the expanded coalition, I analyze its function as a defensive bloc resisting imperialist mandates and Washington’s unilateral dictates. Unlike the historic Bandung Conference, the BRICS does not constitute a homogenous anti-imperialist … Leer más «BRICS: A Defensive Coalition Against the Empire» »
China’s geopolitical status is the subject of increasing controversy. Its presentation as an imperialist power is based on mistaken analogies that overlook the way in which its productive expansion combines with geopolitical caution. Its imperial profile is defined by international actions of domination and not by economic parameters. China incubates only in embryonic form the … Leer más «China: Neither imperialist nor part of the Global South» »
In this interview with Jacobin, Argentine economist Claudio Katz discusses the political fallout of Argentina’s severe economic crisis and the primary election victory of far-right libertarian Javier Milei. Katz analyzes the social frustration with falling living standards, the decline of traditional political coalitions, and the challenges facing the left and working-class resistance. 📄 Descargar PDF