Capitalism

Wall Street Vultures Are Ready To Get Rich From Water Scarcity

December 14, 2020 Nick Martin, The New Republic. Educate! California, Capitalism, Commodification, Water

Bloomberg reported on Sunday that California water futures are now officially on the Wall Street markets, with the United States–based CME Group heading up the 2021 contracts connected to the state’s billion-dollar water market. The “commodity” was most recently going for $496 per acre-foot with the main purchasers of the futures—which were first announced by CME in September—expected to be large-scale water consumers, chiefly utility companies and the states’ Big Ag corporations. (California is home to the largest agriculture market in the nation.) “Climate change, droughts, population growth, and pollution are likely to make water scarcity issues and pricing a hot topic for years to come,”...

On Contact: Global Economic Machine

December 6, 2020 Chris Hedges, RT. Resistance Report Bangladesh, Capitalism, Chris Hedges, Recession

On the show this week, Chris Hedges talks to Fabian Scheidler about how the global economic machine came to dominate our lives, and with looming social upheavals caused by predatory capitalism, what can be done to blunt its destructive power. Fabian Scheidler is author of The End of the Megamachine: A Brief History of a Failing Civilization, and co-founder of Kontext TV.

Book Review: ‘The Myth And Propaganda Of Black Buying Power’

December 4, 2020 Margaret Kimberly, Organisation for Propaganda Studies. Educate! Black America, Capitalism, Poverty, Propaganda

Dr. Jared A. Ball’s new book, “The Myth and Propaganda of Black Buying Power” explains the history of the black “buying power” canard. It is a commercial and political propaganda tool for the black political class, a cudgel to blame people for their own poverty, and a means of disappearing any critique of capitalism. Black Americans are besieged by many facetious notions which claim to bring them progress. One of the most pervasive and insidious is the myth of “buying power.” We are told that we have $1 trillion that could be harnessed if only we spent money more wisely or saved more or were better educated about our personal finances.

Biden, The Emcee At The Billionaires’ Ball

November 27, 2020 Glen Ford, Black Agenda Report. Educate! Billionaires, Capitalism, Joe Biden, wealth inequality

The Orange Era of racist rants will soon be over – just a few hundred mad tweets to go till January 20th, when the head flunky for the real rulers of the USA will take over the levers of government. Joe Biden made only one campaign promise that counts -- to the only people that matter to corporate Democrats -- when he assured the party’s rich funders that “No one’s standard of living will change, nothing would fundamentally change” under his presidency. But even as he spoke, back in June, the greatest change in wealth and power relationships in U.S. history was in full roar, as the billionaire class feasted on the Covid economy.

Keep Calm And Just Die

November 24, 2020 Lee Camp, Consortium News. Educate! Capitalism, climate crisis, Education, United Kingdom (UK)

The British government has ordered schools in England not to use resources and materials from organizations that have expressed any desire to end capitalism. There are several different ways one can think about this, but I believe the best may be to envision a government ordering its teachers to never inform someone on fire that they may want to stop, drop and roll. And maybe also instructing professors to hide all the water. Look, I know this world’s crazy. I know things are getting out of hand. It takes a lot to surprise me these days, and yet I am floored that the government in England is forbidding anti-capitalism teachings.

Close All Nonessential Workplaces

November 16, 2020 Andre Damon, WSWS. Create! Biden administration, Capitalism, COVID-19, Essential worker

The COVID-19 pandemic in the United States is surging out of control. The worst-case warnings of public health experts have come true. A quarter-million people are now dead. Over the past month, the number of daily new cases has tripled. On October 13, there were 51,000 new cases in the United States. On Friday, there were a staggering 182,000 new cases, up from 162,000 the day before. In the country’s manufacturing heartland, home to the factories that have become hotbeds of the disease, the situation is even more dire.

Blockchains: Building Blocks Of A Post-Capitalist Future?

November 9, 2020 Hannes Gerhardt, ROAR Magazine. Create! Alternative Currency, Blockchain, Capitalism, New Economy

On a small boat off the coast of Thailand fishermen take stock of their haul for the day. They whip out a phone, open an app and record essential information regarding the amount of fish caught, the location, the time and under what conditions. This is uploaded to a database with similar information from other fishermen; the fish itself is packaged with a tag linked to all the sourcing information. The fishermen are credited with a cryptocurrency called Fishcoin, which they can redeem for costly data from their local phone service provider.

Chris Hedges: American Requiem

November 5, 2020 Chris Hedges, ScheerPost.com. Educate! 2020 Elections, Capitalism, Corporate duopoly, Liberal class

Well, it’s over. Not the election. The capitalist democracy. However biased it was towards the interests of the rich and however hostile it was to the poor and minorities, the capitalist democracy at least offered the possibility of incremental and piecemeal reform. Now it is a corpse. The iconography and rhetoric remain the same. But it is an elaborate and empty reality show funded by the ruling oligarchs — $1.51 billion for the Biden campaign and $1.57 billion for the Trump campaign — to make us think there are choices. There are not.

Capitalism’s Worst Nightmare

November 4, 2020 Richard Wolff, Democracy at Work. Resistance Report Capitalism, Cooperatives, Economic crisis, Feudalism

On this week's show, Prof. Wolff explores what major social changes will flow from today's combination of major economic crash and the viral pandemic (capitalism's worst nightmare). To answer, we consider how European feudalism changed after its 14th century combination of economic decline and the bubonic plague. The two big changes then were (1) switching from a decentralized to a strong state, monarchical feudalism and (2) transition from feudalism to capitalism. The two big parallel changes now are...

Ecosocialism: An Alternative To Global Capitalism

November 4, 2020 Hans Baer, Green Left. Create! Capitalism, climate crisis, Ecosocialism, Recession

Over the past four decades or so, various leftists have become more sensitive to the environmental degradation in developed and developing capitalist societies and post-revolutionary societies, particularly in the former Soviet Union and, in recent times, China. As a result, they have sought to develop an ecosocialism, ecoMarxism or ecological Marxism. Robert Albritton in Eco-Socialism for Now and the Future: Practical Utopias and Rational Action states that the earliest use of the term of the term ecosocialism he uncovered appeared in a pamphlet titled Eco-Socialism in a Nutshell, published in England by the Socialist Environment and Resources Association in 1980.

Deception 2020: It’s Not The Most Important Election

October 30, 2020 Eleanor Goldfield, Art Killing Apathy. Resistance Report 2020 Elections, Capitalism, Lesser evilism, Propaganda

In this fifth installment of the Deception 2020 Series, we dig into that trite line about “the most important election of our time!” You’ve likely heard it before – chances are you’ll hear it again. For some historic and political context, we sit down with Eugene Puryear to further highlight the fallacy of this claim, and discuss what really makes any year – regardless of elections – politically important.

Why We Need To End Capitalism To Defeat Fascism

October 26, 2020 Margaret Flowers, Clearing the FOG. Podcast 2020 Elections, Capitalism, Fascism, Liberalism

With the presidential election coming up, there is a lot of focus on how the election will go and who will win. One thing is certain, no matter which corporate candidate wins, the people and the planet will lose. To understand where we are and how we got here, I speak with Gabriel Rockhill, a philosopher, author and activist. He explains the connections between our governance structure and capitalism and how both liberal democracy and fascism in a sort of good cop/bad cop relationship are used to protect the profits of the few while exploiting the many.

Capitalism Is Double-Billing Us

October 26, 2020 Jonathan Cook. Educate! Capitalism, Education, environmental pollution, Extinction Rebellion

Here is a word that risks deterring you from reading on much further, even though it may hold the key to understanding why we are in such a terrible political, economic and social mess. That word is “externalities”. It sounds like a piece of economic jargon. It is a piece of economic jargon. But it is also the foundation stone on which the west’s current economic and ideological system has been built. Focusing on how externalities work and how they have come to dominate every sphere of our lives is to understand how we are destroying our planet – and offer at the same time the waypost to a better future.

On Contact: Radical Hamilton

October 25, 2020 Chris Hedges, RT. Resistance Report Capitalism, Finance and the Economy, Founding Fathers, Imperialism

Alexander Hamilton, popularized by the musical, "Hamilton," was the first treasury secretary of the United States. He has been called 'the founding father of capitalism and imperialism,' but Hamilton was far more complex than a simple advocate for a market-drive economy. Christian Parenti, in his new book, "Radical Hamilton; Economic Lessons From a Misunderstood Founder," argues that his ideas for the US economy were distorted or ignored by the capitalist elites. Parenti goes back to Hamilton's neglected masterpiece, "Report on the Manufacturers" and "The Federalist Papers"...

Fascist Culture, Critical Pedagogy, And Resistance In Dark Times

October 24, 2020 Henri Giroux, Counterpunch. Strategize! Capitalism, Education, Fascism, Pandemic

Across the globe, democratic institutions such as the independent media, schools, the legal system, certain financial institutions, and higher education are under siege. The promise, if not ideals, of democracy are receding as the barbarians who breathe new life into a fascist past are once again on the move subverting language, values, courage, vision and a critical consciousness. Education has increasingly become a tool of domination as right wing pedagogical apparatuses controlled by the entrepreneurs of hate attack workers, the poor, people of color, refugees, immigrants from the south and others considered disposable.

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