Capitalism

Valuing Nature Through Lens Of Profit Puts It At Risk, Assessment Finds

July 12, 2022 Olivia Rosane, EcoWatch. Educate! Capitalism, climate crisis, Environment, Sustainability

The IPBES Assessment Report on the Diverse Conceptualization of the Multiple Values of Nature and Its Benefits was approved on Saturday by representatives of the organization’s 139 member states. The approval came days after the IPBES — which is considered the IPCC of biodiversity — approved another report showing just how much humanity relies on wild species. The most recent report is the work of four years and 82 experts from around the world. It follows a 2019 IPBES report warning that one million species are at risk of extinction, partly because of the drive to economic growth. It also comes ahead of the next meeting of the UN Convention on Biological Diversity in Montreal, Canada, which will decide biodiversity targets for the next decade.

Corporate Billionaires Are Wrecking The Supply Chain

July 8, 2022 Mel Buer, The Real News Network. Educate! Biilionaires, Capitalism, Finance and the Economy, Supply Chain

Before these past two years, if you were polling passersby on the street, you would have been hard pressed to find anyone ready to admit that they were seriously concerned about the supply chain. You’d be hard pressed, for that matter, to find many who could describe what the supply chain actually is (present company included). That is certainly not the case today. From shortages—and correspondingly high costs—of groceries and consumer goods like baby formula and sunflower oil to medical devices, “supply chain issues” have become a pronounced source of anxiety and frustration for consumers, workers, businesses, and politicians alike.

Reconceptualising Boundaries

July 3, 2022 Giorgos Velegrakis, Resilience. Educate! Capitalism, climate crisis, Environment, Resources

The concept of planetary boundaries was introduced by Johan Rockström and colleagues in 2009 in the wake of the United Nations Climate Change Conference in Copenhagen where countries endeavored ‒ but ultimately failed ‒ to agree upon a new framework for climate-change mitigation. In contrast to earlier debates on environmental limits, “planetary boundaries” focus less on the exhaustion of natural resources than on the biophysical impacts of resource use and material consumption.

Transcending The ‘Imperial Mode Of Living’

June 26, 2022 James Wilt, Canadian Dimension. Create! Capitalism, climate crisis, Imperialism, wealth inequality

In a giant overcorrection from the anti-consumerism era of No Logo and Adbusters, much of the “climate left” in the Global North now tends to dismiss any critique of resource-intensive consumption—driving and flying, factory farmed meat, smartphones—as reactionary, if not even “Thatcherite” or “Malthusian.” Focusing on consumption, the argument goes, distracts from immense capitalist power and profits, blaming the increasingly immiserated working class for conditions that we have no control over. This conclusion has been widely memeified: think of “no ethical consumption under capitalism,” the “Mister Gotcha” comic, or the (misleading) claim that a mere 100 corporations are “responsible” for 71 percent of emissions.

Building Black Wealth: Understanding The Limits Of Black Capitalism

June 25, 2022 Robert Raymond, Resilience. Create! Black America, Black Liberation, Capitalism, Socialism

Beginning in the 19th and 20th century, during the United States’ reconstruction era that followed the American Civil War, an important debate emerged in this country. It was during the era after slavery was officially abolished — after Union troops arrived in Galveston, Texas on June 19th, 1865 — what we now commemorate as Juneteenth — to spread the word. The debate, that in many ways is still alive and well, went something like this: what is the best way to end class and racial injustice in the United States and what is the role of Black leadership in this? Two leaders of the Black community during this period , W.E.B. Du Bois and Booker T. Washington, can be seen as the two main voices of this debate representing each side.

The Triumph Of Death

June 21, 2022 Chris Hedges, Scheer Post. Educate! Capitalism, climate crisis, Julian Assange, Wars and Militarism

It is hard to be sanguine about the future. The breakdown of the ecosystem is well documented. So is the refusal of the global ruling elite to pursue measures that might mitigate the devastation. We accelerate the extraction of fossil fuels, wallow in profligate consumption, including our consumption of livestock, and make new wars as if we are gripped by a Freudian death wish. The Four Horsemen of the Apocalypse – Conquest, War, Famine and Death – gallop into the 21rst century. Those who rule, servants of corporations and the global billionaire class, accompany the suicidal folly by cementing into place corporate tyranny. The plan is not to reform. It is to perpetuate the corporate pillage.

New Global Movement Against Capitalism And For Socialism

June 18, 2022 Brian Becker, BreakThrough News. Resistance Report Capitalism, Class Struggle, Solidarity

Working class communities around the world are organizing against capitalism. They are also forging a new international movement of solidarity and cooperation in the International People’s Assembly. How can organizers build international unity, and oppose the tools used by the ruling class to divide and defeat the popular movements that are expanding democracy while fighting to save the planet? Brian is joined at the People's Summit for Democracy by Stephanie Weatherbee Brito with the International Peoples' Assembly.

Three Anti-Inflation Alternatives To Raising Interest Rates

June 16, 2022 Richard D. Wolff, In These Times. Create! Capitalism, Finance and the Economy, Inflation, Socialization

A deafening silence defines “debates” among U.S. leaders about stopping or slowing today’s inflation. Alternatives to the Federal Reserve’s raising of interest rates and curtailing money supply growth are ignored. It’s as if there were no other ways to rein in price increases except to add more interest costs to the already excess debts of workers and small and medium businesses. Were the last two and a half years of the deadly Covid-19 pandemic, plus the economic crash of 2020, not sufficient enough burdens on Americans without piling on the additional burden of inflation that has been imposed by U.S. capitalism? As usual, the profit-driven concerns of big business and their result — a remarkably selective historical amnesia — fuel the silence about alternative anti-inflation policies.

Appalachia Does Not Need More Fossil Fuel Greed

June 3, 2022 Emily Satterwhite, DeSmog. Educate! Appalachia, Capitalism, Energy, Environment, Fossil Fuels

A fossil fuel executive recently told Fortune, “Appalachia is the elephant in the room,” referring to the claim that demand for natural gas is rising, while supply in Appalachia and the United States is falling. Such corporate executives would like to see expansion of production in order to bail out their dying industry. And Fortune’s interviewee is right. Appalachia is the elephant in the room. We need to talk more about the role of Appalachia in the country’s energy system. But what he gets wrong is that the future does not entail further dependence on fossil fuels. The future that Appalachia can and will lead is in renewable energy. For over a century, this region has powered the country’s growth with our natural resources, including coal, gas, and oil.

The Chris Hedges Report: How To Defeat The Billionaire Class

May 31, 2022 Chris Hedges, The Real News Network. Resistance Report Billionaires, Capitalism, Socialism, Worker Rights and Jobs

Since being elected to office in 2013, Seattle City Councilmember Kshama Sawant and her socialist party have been locked in a bitter battle against the city’s moneyed elites, who have poured hundreds of thousands of dollars into a corporate PAC called “A Better Seattle” and saturated television and digital platforms with negative advertising. Sawant is hated because she is effective. Following a three-year struggle against the richest man in the world—Jeff Bezos—and his political establishment, she and her allies pushed through a tax on big business that increased city revenues by an estimated $210 to 240 million a year. Her leadership and her party provide an example of effective resistance to the war being waged on the working class and the poor—but, as she explains in this episode of The Chris Hedges Report, every victory has been won in spite of entrenched opposition from Democrats.

Capitalism And Baby Formula

May 29, 2022 Margaret Kimberley, Black Agenda Report. Educate! Baby Formula, Capitalism, Scarcity, Supply Chain

“Socialism doesn’t work” is repeated like a mantra. We’re told endlessly that capitalism provides jobs, housing, food, and health care in this country when it does a very bad job of doing all these things. The United States is said to be “the richest country in the world,” a strange statement which implies that the people are prosperous even though they aren’t. Gig work, housing insecurity, medical debt, and student loan debt are all common experiences for people in the U.S. Now, to add insult to injury, the system said to be so superior can’t even keep little babies fed. There is an historic shortage of baby formula. There are parts of the country where food for infants simply can’t be found at any price. This headline is the most honest about the situation.

Memorial Day Salute To A Repentant Ex-Marine

May 26, 2022 Steve Early, Popular Resistance. Educate! Capitalism, Memorial Day, Smedley Butler, Wars and Militarism

In its recent front-page series on foreign domination and poverty in Haiti, the New York Times vividly recounted the role of the U.S. Marine Corps in this painful history. The accompanying photos showed Marines, in battle dress, boarding a ship in Philadelphia headed for Port-au-Prince more than a century ago, forming a skirmish line in the jungle, and posing with the bodies of Haitians killed while resisting the U.S. overthrow of their government. As the Times reported, one highlight of this mission was the brazen theft of $500,000 in gold from the Haiti’s national bank and its transfer to the vault of a bank on Wall Street. One of the officers who departed from Philadelphia, to help oversee this brutal and murderous occupation was Smedley Darlington Butler, the son of a U.S. Congressman and the product of a wealthy Quaker family from the nearby Main Line town of West Chester.

Vulture Capitalists To Flood Health Care System With Cheap Medical Labor

May 23, 2022 Maureen Tkacik, Jacobin. Educate! Capitalism, Doctors, Health Care

A private equity–owned emergency room staffing firm cofounded by a wealthy Republican congressman has been openly hailing a coming “oversupply” of doctors, promising prospective investors that a surplus of emergency physicians — soon projected to reach nearly ten thousand — will drive doctors’ wages low enough to offset the haircut that health care reforms have imposed upon its profit margins. The physician glut was highlighted in a recent pitch deck prepared by the cash-strapped Nashville ER staffing firm American Physician Partners (APP). The company, which operates ERs in 155 hospitals, has been trying — and failing — for months to raise $580 million to pay off creditors, including Representative Mark Green (R-TN), who holds somewhere between $5 million and $25 million of the company’s debt.

It’s Time To Challenge The Corporate University

May 12, 2022 Reshmi Dutt-Ballerstadt and Bertin M. Louis Jr., Truthout. Educate! Capitalism, Class Struggle, Corporatism, Higher Education

Bill Readings, a late Université de Montréal professor noted the move towards corporatization of universities in his 1997 study, The University in Ruins. While the 1990s were certainly not the golden age of higher education, there were aspects of them that were palatable compared to the current moment. At that time, tuition was lower and more affordable. Technological incorporation in teaching and internet accessibility had just begun. Google and Wikipedia were nonexistent, and living accommodations for students on college and university campuses were modest. Universities relied on shared governance (faculty participation in the governance of an institution) for decision-making.

The Different Ways That US And Chinese Governments Use Their Power

May 2, 2022 Richard D. Wolff, Counter Punch. Educate! Capitalism, China, Finance and the Economy, Global Economy

Russia’s war on Ukraine both reflects and deepens a global split that should remind us of Karl Marx’s famous remark: “No social order ever disappears before all the productive forces, for which there is room in it, have been developed; and new higher relations of production never appear before the material conditions of their existence have matured in the womb of the old society.” The United Kingdom already lost its particular social order—its empire—while the United States is now losing its. Despite differences, both of these social orders shared a mostly private form of capitalist relations of production (the organization of enterprises centered around private employers and employees). That social order has given way to a different, mostly public form of capitalist relations of production where state officials are major employers.

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