Capitalism

Black Alliance For Peace Statement On International Women’s Day

March 8, 2022 the Black Alliance for Peace. Educate! Capitalism, Colonialism, Global South, International Women's Day

As the world’s eyes are on Ukraine on this International Women’s Day, March 8, 2022, we are reminded of the disproportionate impact that war and militarism have on women. This is a reality that the women of the global South are acutely aware of because of the steady assaults on the humanity of peoples in the South executed by the U.S./EU/NATO Axis of Domination. The militarized terror of the Axis of Domination in the service of their economic elites have been even more intensely felt by the women of Africa and the African Diaspora. The socialist groundings of the day were expressed in its early unfolding. Indeed, the earliest militants for International Working Women’s Day, lifted up the violence of capitalism as labor exploitation.

Capitalism, Nationalism, And Copaganda

March 3, 2022 Ezra Brain, Left Voice. Educate! Biden administration, Capitalism, Joe Biden, State Of The Union

In a room filled with maskless war criminals and Ukrainian flags, President Joe Biden said, in perhaps the most obvious sentence ever spoken in that chamber, that he was a capitalist. That’s not shocking to anyone, but it is a wonder that he had to say it, given that every other element of his speech was so focused on protecting American capitalism and imperialism. From defending NATO, to arguing for a more productive U.S. economy, to shouting out the CEO of Intel (who was, inexplicably, in the room for the speech), Biden doubled down on his campaign promise that “nothing would fundamentally change.” Biden took the stage in the midst of a complex time in his presidency: domestically, his agenda has ground to a total halt as members of his own party bicker amongst themselves.

On Contact: Race And America’s Long War

February 27, 2022 Chris Hedges, RT. Resistance Report Capitalism, Mass Incarceration, Race, Wars and Militarism

The internal violence in the United States, militarized police, and the largest prison system in the world, along with America’s endemic racism, are mirrored in the foreign wars that have been fought almost continuously by the United States since the end of the 19th century. These inner and outer wars, argues historian Nikhil Pal Singh, are intimately connected. The gunning down of unarmed black people in American cities is expressed outside our borders in the gunning down of unarmed Muslims in Iraq, Syria, Afghanistan, Yemen, Libya, and Somalia, often by militarized drones. The prison-industrial-complex at home is given form in the myriad of overseas black sites where victims, kidnapped and transported to other countries by the CIA, are held in secret, tortured, and killed.

The American Political Process Is Disconnected From Economic Reality

February 25, 2022 Richard D. Wolff, Counter Punch. Educate! Capitalism, Class Struggle, COVID-19, Finance and the Economy

The growing disconnect between the capitalist system and the economic realities plaguing the United States is now nearing completion. On the ground, the accumulated problems of U.S. capitalism undermine its empire and challenge its very future. Meanwhile, the ever-deepening inequalities of wealth and income conjure up images of ancient Egypt’s pharaohs. Three economic crashes opening the new century (2000, 2008, and 2020) have shaken the system; so have the two wars America lost against very poor countries in the Middle East: Afghanistan and Iraq. The worst public health crisis in a century during the COVID-19 pandemic has further exposed how unprepared U.S. capitalism was and is, thereby imposing massive new human and financial costs lasting into the future.

New Data Shows US Government Has Been Bought For $14 Billion

February 21, 2022 Lee Camp, Scheer Post. Educate! Capitalism, Class Struggle, Corporatism, Party Politics

There are a lot of reasons so many people hate the two corporate parties, but one of the biggest ones might be just how thoroughly they are bought off by the “One Percent.” (And no, I don’t mean the percentage of people who like Trident’s new Indian Curry Explosion™ chewing gum.) I’m referring to the One Percent who are disgustingly wealthy — people who own ponies for their children to play with and children for their ponies to play with. Those individuals essentially own all our politicians. (Also for their children to play with. … Which explains why Chuck Schumer and Kristen Gillibrand were forced to dress up like Snorks for an entire month. Or maybe they just needed the snorkels to be able to breathe while under an avalanche of bullshit?) But yes, our politicians are more bought-off than ever before.

The Capitalist Imperative Driving Cruel And Bipartisan US Migration Policies

February 18, 2022 Daniel Melo, Black Agenda Report. Educate! Bipartisan, Capitalism, Class Struggle, Immigration

President Biden recently reached an agreement with Mexico to reinstate the Migrant Protection Protocols (MPP), a program instituted by the Trump administration. It requires tens of thousands of migrants to pursue their requests for asylum outside of the US, living in horrifying conditions on the Mexican side of the border until it is their turn to attend a hearing. While Biden initially moved to end the program, a Texas judge ordered the administration to continue MPP until it went through the proper administrative process to end it. The administration, having received the appropriate legal coverage, not only reimplemented the program with minimal changes (to the horror of not just advocates but even asylum officers at the border), but broadened its scale--any migrant from a Western Hemisphere nation can be sent back under the program.

The Revolutionary Power Of The Real Circular Economy

February 18, 2022 Sabrina Chakori, Resilience. Create! Capitalism, Degrowth, New Economy, Tool Library

Most of us are familiar with the social and environmental impacts of life under the Capitalocene (‘the age of capital’ — the historical era shaped by the endless accumulation of capital): inequality, commodification, imperialism, racism, and much more are already causing intragenerational suffering and ecological collapse. We are bombarded weekly with publications that assess the dire state of the world — and while I don’t want to focus on this, a brief reminder is in order. There is extensive literature portraying the social and ecological degradation of our times (e.g. Intergovernmental Panel on Climate Change reports, Stockholm Institute planet boundaries studies). Each Earth Overshoot Day is another reminder of the unsustainability of our current socio-economic model.

Physicians Slam Industry Push To ‘Fix’—Not End—Medicare Privatization

February 17, 2022 Jake Johnson, Common Dreams. Resist! Capitalism, Health Care, Medicare, Privatization

Physicians and progressive advocates on Tuesday urged the Department of Health and Human Services to reject an industry appeal to tweak and rebrand—not end altogether—a Medicare privatization scheme known as Direct Contracting, which the Trump administration launched in 2020. Members of Physicians for a National Health Program (PNHP), which represents 24,000 doctors and other health professionals, has been working for months to bring lawmakers' attention to the DC program and pressure the Biden administration to terminate it while it's still in an experimental phase. As a result of PNHP's efforts, dozens of Democrats—including Rep. Pramila Jayapal (D-Wash.) and Sen. Elizabeth Warren (D-Mass.)—have spoken out against the DC pilot, opposition that appears to have caught the notice of healthcare industry groups that stand to benefit from the program.

Putting Technology (And Billionaires) In Its Place

February 7, 2022 Helena Norberg-Hodge, Counter Punch. Create! Capitalism, Class Struggle, Globalization, Technology

The most recent topic explored by the thinkers and activists who make up the Great Transition Network was “Technology and the Future”. As writer after writer posted their thoughts, it was heartening to see that almost all recognize that technology cannot provide real solutions to the many crises we face. I was also happy that Professor William Robinson, author of a number of books on the global economy, highlighted the clear connection between computer technologies and the further entrenchment of globalization today. As anyone who has followed my work will know, globalization is of particular interest to me: for more than 40 years I’ve been studying its impacts on different cultures and societies around the world.

News Flash: Billionaires Don’t Like Socialism

February 6, 2022 Alan Macleod, Fairness and Accuracy In Reporting. Educate! Capitalism, Class Struggle, Media, Socialism

In response to a rising progressive tide in the United States, a new genre of stories has emerged in corporate media: rich guys warning against taxing them, or really changing anything about the system at all. Just as the press are keen for you to know that Medicare for All is a very bad idea (FAIR.org, 4/29/19), they are equally anxious to make sure that the voices of beleaguered, unheard plutocrats are given as much of a boost as possible. A case in point is CNBC’s recent article (1/22/20) headlined, “BP’s CEO Chides AOC and Bernie Sanders for Their ‘Completely Unrealistic’ Green New Deal Ideas.” Reporter Jessica Bursztynsky begins: Outgoing BP chief Bob Dudley on Wednesday criticized sweeping climate proposals from Sen. Bernie Sanders, a top-tier 2020 Democratic presidential candidate, and Rep. Alexandria Ocasio-Cortez, a champion of the far left.

New Puerto Rico Debt Plan Is A False ‘Solution’

February 4, 2022 Sarah Molinari and Marisol Lebrón, Orinoco Tribune. Educate! Capitalism, Debt, Finance and the Economy, Puerto Rico

Activists and Puerto Rican community members protest against Steven Tananbaum, a board member of the Museum of Modern Art (MOMA), for his involvement in a hedge fund that owns over $2 billion of Puerto Rico’s debt, outside of the newly renovated and reopened MOMA in Midtown Manhattan on October 21, 2019, in New York City. Drew Angerer / Getty Images On January 18, Judge Taylor Swain of New York’s Southern District confirmed Puerto Rico’s eighth amended Plan of Adjustment (POA), setting into motion the closure of the largest municipal debt restructuring deal in the history of the United States. The POA modifies approximately $33 billion of the central government’s debt as part of Title III — the bankruptcy-like process established under the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) — which has already cost Puerto Ricans $1 billion.

Túmin: The Alternative Currency Rebuilding Community In Mexico

February 4, 2022 Mattha Busand Clara Haizlett, Open Democracy. Create! Alternative Currency, Capitalism, Finance and the Economy, Mexico

In southern Mexico, Itzel Castro sits behind the counter at a small artisanal store tucked along a colorful side street. She welcomes customers as they browse shelves stacked full of food, books and accessories. When the customers check out, Castro offers them change – not in pesos, but in Túmin. Túmin is an alternative currency that emerged in Veracruz, Mexico in 2010. About the size of a credit card, Túmin notes are printed with vibrant illustrations that vary from state to state. Each Túmin note is equivalent to one peso, one minute of work or even one US dollar. It is both a unit of exchange and a currency that comes in 1, 5, 10, and 20 denominated notes. Castro works at Túmin Tienda in San Cristobal de las Casas, in the state of Chiapas.

How We Broke The Supply Chain

February 4, 2022 David Dayen and Rakeen Mabud, The American Prospect. Educate! Capitalism, Finance and the Economy, Globalization, Supply Chain

Anyone old enough to remember the Cold War is familiar with a scene routinely depicted on U.S. television at the time: the Soviet breadline. Warning Americans about life under communism, these clips showed Russian citizens lingering forlornly outside businesses for hours to obtain basic goods—indelible proof of the inferiority of central planning, and an advertisement for capitalism’s abundance. Breadlines, the Big Book of Capitalism assured us, could not happen in a market economy. Supply would always rise to meet demand, as long as there’s money to be made. Only deviating from free-market fundamentalism—giving everyone health care, for example—could lead to shortages. Otherwise, capitalism has your every desire covered.

A Black Woman On The Supreme Court Won’t Change Capitalist Oppression

January 31, 2022 Adnan Ahmed, Left Voice. Strategize! Black America, Capitalism, Joe Biden, Supreme Court

This week, Justice Stephen Breyer announced that he is retiring from the Supreme Court and President Biden promptly reiterated his promise to fill the seat—for the first time ever—with a Black woman. Breyer, who has served 27 years on the Court, is one of the three remaining “liberal” justices. In that sense, this resignation isn’t a major earthquake: the makeup of the court will remain the same. Still, the announcement comes at an opportune time for the Biden administration. A few months ago, Breyer himself said he was not ready to retire. The timing of his recent announcement to retire before the Court’s session ends in June and ahead of the November midterm elections indicates that he is concerned about the future political makeup of the court.

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