Archive for October, 2017

• Finance Capital Isn’t Always Fictitious: The Case For Public Banking

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• Finance Capitalism: Profits Without Production Increases Inequality

  How do we live with the contradictory message that the stock market is doing well, but around us we see roads not being built, cities becoming gentrified and Americans working two and three jobs to stay even? (more…)

• Political Economist Michael Hudson Writes: It’s Capitalism – Not Socialism – That Has Failed
  According to Michael Hudson, what has failed in the 20th century is not Marxism, but Stalinism. He argues that the failure of Stalinism has allowed Marxism to be decoupled from its association with Russia. While interest in Marx’s ideas are on the rise, thanks to the financialism of capitalism, it is capitalism that is failing everywhere. Financialism embraces the view that the only purpose of business is to create shareholder value, measured primarily by short-term results. We’re seeing the ugly results.

  Read at Michael Hudson’s Blog

  Image from In Defense of Marxism
• Western Boogeyman Remembered: Qaddafi’s Achievements and Pan-African Hopes
  Twenty five or thirty years ago suppose we asked you which country in the world has no foreign debt? This  country deposited its profits from oil into the bank accounts of its citizens. This same country had free, good quality healthcare, free education, rent free housing and free electricity. Sweden? Norway? Denmark? The answer is…Libya. Not only did Muammar Qaddafi promote these things, but he strove for a United States of Africa and wanted to get Africa away from using the dollar. This is why capitalists the world over hated him.

  Read in Black Agenda Report

  Image from The Sydney Morning Herald
• Legitimacy of Elites Continues Free-Fall: Most Americans Claim Morality Not Linked to Religion
  As we remember it, the United States is the most religious country of all the industrial capitalist countries. But this is becoming less so. According to this article 56% of American say it is not necessary to believe in God to be moral. This is a significant change. The article also draws out the contradiction between elites who think they have to act religious even if they aren’t and an American public who thinks religion is not that important.

  Read in Strategic Culture

  Image from The Unbound Spirit
• China’s Trojan Horse – Real Estate Bubble
  While the Chinese capitalists are out-maneuvering western capitalists by investing in the infrastructures of other countries, they are also investing in finance capital – real estate – which could lead to their undoing. A high percentage of corporate debt is in home mortgage loans: the same problem the US capitalists faced in 2008.

  Read in Global Research

  Image from The Economist 
• Why Petrodollars Exploit Countries Outside The West
  There are approximately eight countries in the world with currencies that are convertible to the dollar – all in the West. Those countries with other currencies have to pay for their conversion into dollars. This provides a nice profit for the World Bank and the International Monetary Fund, both of which are controlled by the US. But now, the yuan is suddenly the third largest currency in the world. If China is the world’s largest and strongest economy, will the yuan replace the dollar? Not without bloodshed, we predict.

  Read at teleSUR

  Image from The Falling Darkness
• Tightening Up Asian Links

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• Tesla Insists Firing of 400 – 700 Workers Result of “Annual Review”

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• Israel “Interfering” in Relief Aid To Hurricane Harvey Victims

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• Capitalist Censorship: Google Intensifies Repression of Chris Hedges and World Socialist Website Articles

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• New Socialist Union in South Africa Breaks with ANC

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• Capitalism Produces Sexual Harassment: We Need a Women’s Union

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• Beyond 1984: Facebook to Hire US Intelligence Spies

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• Out-Capitalizing the Capitalists: China’s Success Strategy and Lessons For the Latin American Left

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• Unsung Sheroes of the Radical Left in Historical and Cross-Cultural Perspective

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• Great Depression vs Great Recession

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• Further Geo-Political Rumblings: Chinese Yuan Likely To Be Linked To Saudi Trade In Oil

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• Are You Willing to Walk a Mile in My Shoes? – The Impact of US Imperialism On An Ordinary Iraqi

  Traumatic experiences are hard to remember for a reason

  The human mind has an excellent device of self-protection. It can forget. It puts away in the farthest recesses the events and emotions that cause distress. Therefore I had to make an effort to look back and try to write about my experience and the experience of my family throughout the difficult years of the Saddam Hussein regime, the 1^st Gulf War, the years of embargo, the no-fly zones, etc.

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• Trump Unfit To Rule? Ruling Classes Seem Ready To Move

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• Participatory Economics in Greece: Self-Managing Communities Bypass Merchants

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• Capitalist Decline in the British Motherland

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• Participatory Economics Comes to Unions: From the Bottom Up!

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• Reflections on Puerto Rico, Colonialism and US Imperialism

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• Identity Politics Presides Over Steep Class Divisions Within Races

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• Zapatistas on the move: using election as leverage for participatory democracy

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• Google Suppresses Left Wing Websites – “Paper of Record” Admits It
  Many of you already know that Google has been suppressing left wing websites. We wanted to post this short article, not because it has much depth but because it appeared in the holy New York Times. (more…)
• Will Hamas Reconcile with Iran and Syria: Eurasian Geopolitical Shift Continues

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• No Capitalism as Usual in Barcelona: Transportation Workers Rule the Day

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• Boycott Zionist Israel: A Primer for Beginners

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• Google and Facebook Support Fake News – Not Alternative Media

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