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Capitalism

Socialism Or Barbarism: A Statement Of Fact

Engels once said that capitalist society “stands at the crossroads, either transition to socialism or regression into barbarism.” Commenting on these remarks during World War I, the great socialist Rosa Luxemburg said: “What does ‘regression into barbarism’ mean to our lofty European civilisation? Until now, we have all probably read and repeated these words thoughtlessly, without suspecting their fearsome seriousness. A look around us at this moment shows what the regression of bourgeois society into barbarism means. This world war is a regression into barbarism. The triumph of imperialism leads to the annihilation of civilisation.”

US Tech CEOs Admit They Want AI Monopoly And ‘Unipolar World’

The CEO of Anthropic, a US AI company backed by Amazon and Google, argued that the government must impose heavy restrictions on China in order to maintain a monopoly on artificial intelligence technology. If the US government can block China from getting advanced semiconductors, we will “live in a unipolar world, where only the US and its allies have these models”, wrote Anthropic CEO Dario Amodei. Calling for more aggressive sanctions on China, Amodei warned, “Well-enforced export controls are the only thing that can prevent China from getting millions of chips, and are therefore the most important determinant of whether we end up in a unipolar or bipolar world”.

Betrayed By Green Capitalism, We Can Build A Livable Future

In one way of measuring it, the mainstream framework to address the climate crisis has been a huge success. Promoting green energy, electric vehicles, conservation zones, carbon credits, carbon capture, and other new technologies has made billions of dollars for companies like Tesla, Google, NextEra Energy, British Petroleum, Saudi Aramco, Tongwei Solar, McKinsey & Company, and BlackRock. Governments have gained power through increased interventions in economic planning, and authoritarian regimes from China and India to Canada and the U.S. now have a new justification to carry out land theft against Indigenous and rural populations.

Chris Hedges Report: Technofeudalism: What Killed Capitalism

The year 2008 signaled to many the weak foundations of modern capitalism in the hands of the greedy, untethered financial sector—the “vampire squid” investment banks as journalist Matt Taibbi called them. Rising from the ashes of the crash, these banks used government money—”socialism for the bankers”—to enrich themselves and Big Business. This money never got to the masses. Instead shares were bought back in traditional capitalist industries and an emerging powerful bloc—the Jeff Bezos’s, the Microsoft’s, the Google’s of the world—invested in what guest Yanis Varoufakis calls, “cloud capital.”

Reclaiming Traditional Foods For A Degrowth Food Future

Crusty Bread, creamy cheese, bubbly kimchi or refreshing tepache – all cultures have fermented foods and beverages with their own traditions, language, and cultural heritage surrounding them. Fermentation, in this sense, is a living food culture that taps into ancient skills and traditional knowledge. But this knowledge is under attack. As capitalism continues its onslaught on rural, indigenous, communal, and non-commodified ways of life, traditional food practices are slowly dying out in the contexts in which they originally emerged.

Hyperimperialism, The Fall Of Syria And Capitalist Gangsters

As 2025 begins, California is on fire. And it feels like much of the rest of the world is burning, too. From the slaughter in the Middle East to a new Cold War brewing in Asia, everywhere we look is filled with uncertainty. At home, the California wildfires have exposed much of the true face of capitalism. From prison laborers risking their lives for pennies by fighting the blazes to massive price hikes for rents in Southern California, the U.S. is crumbling. Yet externally, America is as aggressive as ever. Only last month, it helped force through a coup against the Assad government in Syria, and Trump has made noises about using force against Panama, Greenland, and has threatened Canada, Cuba, Venezuela and other nations in the Global South.

Health Care Profiteers Encounter Protest At ‘Investors’ Gathering

One of the wealthiest gangsters, JP Morgan Chase Bank, convened into the posh Westin St. Francis hotel a gathering of fellow "investors" involved in the organized looting known as the "Health care" industry. Sensing public anger inspired by the recent killing of a UnitedHealthcare executive, a heavy police presence surrounded the hotel and the adjoining streets. The largest health "insurer" in the country is UnitedHealthcare. Its 2023 profit was $22 billion. Estimates of what a single payer health care system to care for every man, woman and child in the country are about $20 billion per year.

Los Angeles Fires Ravage Communities, Expose Systemic Issues

Several wildfires continue to burn in Eaton, Palisades, and other parts of the greater Los Angeles area, incurring a death toll of at least 24 people. Thus far the total area burned has reached nearly 40,000 acres, larger than each of the city limits of San Francisco, Pittsburgh, Boston and Miami. Over 150,000 people have been forced to flee from their homes, and the Eaton and Palisades fires alone have destroyed over 12,000 structures. As of the time of writing, the Palisades fire is only 14% contained and the Eaton fire is 33% contained.  Wildfires are highly unusual in Southern California during this time of year.

LA Fires: The Santa Ana Blowback of Capitalist Climate Change Neglect

The incendiary cataclysms in Los Angeles, California remind us that the root cause of the climate crisis exacerbating the fires spreading throughout that city and surrounding areas is fossil fuel production emblematic of runaway capitalism fueled by white “supremacy” ideology, patriarchy, and colonization. And while it’s easy to focus solely on the fires, it’s important to note that the associated smoke will be the main culprit in the loss of life due to environmental racism that has assaulted the public health of Black, Brown, Indigenous and all poor and working class people in Los Angeles and throughout the country.

Annual ‘Winners’ For Most Egregious US Healthcare Profiteering Announced

The 2024 “winners” of the annual Shkreli awards, given each year to perpetrators of the most egregious examples of profiteering and dysfunction within the healthcare industry, have been released from the Lown Institute, an independent healthcare thinktank. The recipients are chosen by a panel made up of health policy experts, clinicians, journalists and advocates. The awards are named after Martin Shkreli, the infamous “pharma bro” who rose to international notoriety after increasing the price of lifesaving anti-parasitic drug Daraprim 50-fold.

‘Delay, Deny, Defend’ Author: Americans’ Rage At Insurers

My book “Delay, Deny, Defend: Why Insurance Companies Don’t Pay Claims and What You Can Do About It” was thrust into the spotlight recently, after UnitedHealthcare CEO Brian Thompson was shot and killed in what authorities say was a targeted attack outside the company’s annual investors conference. Investigators at the scene found bullet casings inscribed with the words “delay,” “deny” and “depose.” The unsettling echo of the book’s title struck me and many others. That killing – and the torrent of online outrage that followed – put Americans’ unhappiness with health insurers at the front of the national conversation.

CEO Salaries Skyrocket 1,085% Since 1978

From 1978 to 2023, chief executive officers at America’s largest firms experienced a dramatic 1,085% increase in compensation, while the average worker’s salary rose by just 24%, as highlighted in a recent annual report. The report, produced by the Economic Policy Institute (EPI), scrutinizes compensation trends at the top 350 publicly traded U.S. companies measured by revenue. The methodology for assessing CEO pay, which predominantly comprises stock-based components, involves both a retrospective view using realized compensation and a prospective angle via granted compensation.

Capitalists Should Be Removed From All Our Systems

Imagine that your household was regularly broken into by a sadist who systemically beat-up everyone in your home. He’d start by punching folks in the stomach. Then he’d smack people on the both sides of their heads. Then he’d kick your legs out from underneath you and pound you all on your backs and necks before kicking you all in the jaw and punching your noses. In forming a response to this outrageous oppression would you tell this monster that the next time he breaks into your home with his fists balled he’s going to have to forgo one of the shots he takes at people – say, the head smacks.

Applying Indigenous Wisdom Traditions To Modern Challenges

I've always been fascinated by the striking affinities between commoners and Indigenous peoples, as well as their significant differences. Both are keenly aware of life as a deeply relational phenomenon -- one that Western capitalism, science, and market culture don't really understand. Both see commoning as a baseline for mindful living and presence, a process that can help transform the world in positive directions. And yet, while Western and Indigenous commoners share many values and practices, native cultures have subtle traditions and understandings that go back centuries, often millennia.

Billionaires Take Center Stage After US Elections

With the dissolution of the Soviet Union and its capitalist restoration, the world witnessed a veritable festival of fraudulent privatizations and appropriations of collective property by a small group of former apparatchiks, state bureaucrats, and Mafia-like businessmen. This was the great new capitalist class needed in the countries of the former Eastern Bloc to make capitalist restoration “irreversible,” as Western economists and technocrats liked to say at the time. What followed was a large-scale theft on the part of imperialist banks and Western political leaders, a process which functioned in the interests of the international capitalist class as a whole.

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Urgent End Of Year Fundraising Campaign

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Keep independent media alive. 

Due to the attacks on our fiscal sponsor, we were unable to raise funds online for nearly two years.  As the bills pile up, your help is needed now to cover the monthly costs of operating Popular Resistance.

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