Capitalism

For The University, For The Society

January 24, 2019 Edlira Xhafa, Socialistproject.ca Organize! Albania, Capitalism, Class Struggle, Student Activism, Student Protests

Early December 2018. It all started as a seemingly spontaneous explosion of student anger against the fees imposed on students for ‘re-sit exams’ in one faculty. It almost immediately brought together thousands of students from various faculties from the University of Tirana, and soon after from the University of Agriculture in Tirana. They all came together in front of the Ministry of Education. Inspired by their fellow students in Tirana, in the following days students from other universities in the major cities of Albania organized similar protests at their own universities and some even came down to join the student protest in front of the Ministry of Education.

Confronting The Culture Of Death

January 22, 2019 Chris Hedges, Truthdig.com Educate! Capitalism, Death

The issue before us is death. Not only our individual death, which is more imminent for some of us this morning than others, but our collective death. We have begun the sixth great mass extinction, driven by our 150-year binge on fossil fuel. The litany of grim statistics is not unfamiliar to many of you. We are pouring greenhouse gases into the atmosphere at 10 times the rate of the mass extinction known as the Great Dying, which occurred 252 million years ago. The glaciers in Alaska alone are losing an estimated 75 billion tons of ice every year.

Capitalist-Style Wealth Gap: 1 Tech Guy = 1,000,000 Teachers

January 22, 2019 Paul Buchheit, Nationofchange.org Educate! Capitalism, Teachers, Workers

As of 01/20/19, the richest six American tech leaders (Bezos, Gates, Zuckerberg, Ellison, Page, Brin) averaged over $80 billion in net worth. Meanwhile, the 25 million Americans just above the median, many of them teachers, have an average net worth of $78 thousand. That’s a difference of a million times. For anyone questioning this disturbing truth, the following information should be helpful: There are over 4 million preschool, primary, secondary, and special education teachers; the median teacher age is 41; the median elementary school salary is $57,000; the median wealth of a 41-year-old is only $60,000.

The ‘Private Governments’ That Subjugate U.S. Workers

January 16, 2019 Chris Hedges, Truthdig.com Educate! Capitalism, Wages, Workers

Corporate dictatorships—which strip employees of fundamental constitutional rights, including free speech, and which increasingly rely on temp or contract employees who receive no benefits and have no job security—rule the lives of perhaps 80 percent of working Americans. These corporations, with little or no oversight, surveil and monitor their workforces. They conduct random drug testing, impose punishing quotas and targets, routinely engage in wage theft, injure workers and then refuse to make compensation, and ignore reports of sexual harassment, assault and rape.

Neoliberalism: Free Market Fundamentalism Or Corporate Power?

January 15, 2019 Richard Moser, Counterpunch.org Educate! Capitalism, Ideology, Neoliberalism

I’ve been hearing about neoliberalism for a long time now and never could make much sense of it. It turns out the story we tell about neoliberalism is as contradictory as neoliberalism itself. Two currents within the critique of neoliberalism offer different analyses of the current economy and suggest different strategies for dealing with the gross exploitation, wealth inequality, climate destruction and dictatorial governance of the modern corporate order. These opposing currents are not just different schools of thought represented by divergent thinkers. Rather they appear as contradictions within the critiques of neoliberalism leveled by some of the most influential writers on the subject. These different interpretations are often the result of focus.

The Crash Of The “Everything Bubble” Started In 2018 – Here’s What Comes Next In 2019

January 14, 2019 Brandon Smith, Birchgold.com Educate! Capitalism, Economics

In 2018, a very significant economic change occurred, which sealed the fate of the U.S. economy as well as some other economies around the globe. This change was the shift of central bank policy. The era of stimulus and artificial support of various markets, including stocks, is beginning to fade away as the Federal Reserve pursues policy tightening, including higher interest rates and larger cuts to its balance sheet. I warned of this change under new Chairman Jerome Powell at the beginning of 2018 in my article ‘New Fed Chairman Will Trigger Stock Market Crash In 2018’. The crash had a false start in February/March, as stocks were saved by massive corporate buybacks through the 2nd and 3rd quarters.

Degeneration And Regeneration In Worker Cooperatives

January 11, 2019 Tim Armstrong, Geo.coop Create! Capitalism, Cooperatives, New Economy, Reform

Like all businesses, cooperatives can fail. Cooperatives can go bankrupt, but they can fail in another way too. Over time, cooperatives can degenerate. Cooperatives are said to degenerate when, under economic pressure, they abandon their cooperative principles and start adopting capitalist business practices and structures. In the worst case, given enough time and economic pressure, cooperatives can fully degenerate into privately-owned, capitalist businesses. Such businesses might still be economically viable ― they will have avoided bankruptcy ― but they can no longer be considered successful cooperatives.

2019: New Year, New Crisis

January 6, 2019 Alan Woods, Marxist.com. Educate! Brexit, Capitalism, Gilets Jaunes, Globalization

As we step into a new year, the world is facing a decisive turning point. The crisis of capitalism is reaching a new level – one that threatens to overthrow the entire existing world order that was painfully put together after the Second World War. Ten years after the financial collapse of 2008, the bourgeoisie is nowhere near solving the economic crisis. All the sacrifices and pain of the last ten years have not solved the crisis, but only increased the suffering, impoverishment and desperation of the masses, while a tiny minority of parasites have acquired obscene levels of wealth.

2019: The Strategy For International Class Struggle Against Capitalism

January 5, 2019 James Cogan, Joseph Kishore and David North, Wsws.org Strategize! Capitalism, Class Struggle

Events have substantiated this prediction. After decades of its suppression—especially in the aftermath of the 1989 breakdown of the Stalinist regimes in Eastern Europe, the Chinese regime’s massacre of workers and students in Tiananmen Square, and, above all, the dissolution of the Soviet Union by the Kremlin bureaucracy in December 1991—the class struggle has reemerged throughout the world. A wave of strikes and demonstrations, most of which occurred in opposition to and outside the control of the official pro-capitalist parties and trade unions, swept across the entire globe...

AMLO Goes Full Throttle Against Neoliberalism — But What About NAFTA?

December 19, 2018 By Manuel Perez-Rocha, Fpif.org Educate! AMLO, Capitalism, Mexico, NAFTA, USMCA

I had the great fortune to attend the inauguration of Andres Manuel Lopez Obrador (or AMLO, as he is known) as the 58th Mexican president on December 1. The atmosphere at the Legislative Palace was electric with the knowledge that Mexico would be beginning its “Fourth Transformation” — following its 1810 independence, the 1855 reformation, and the 1910 revolution — with the first left-wing presidency in its history. It was AMLO’s third attempt at the office. In 2006 Felipe Calderón orchestrated a cyber fraud that gave him a slim advantage over AMLO. And in order to win in 2012, outgoing president Enrique Peña Nieto engaged in tricks like giving away cash-loaded bank cards.

Real Roots Of Inequality Is Neoliberal Capitalism, Not Trade & Technology

December 17, 2018 By Jayati Ghosh, Project-syndicate.org Educate! Capitalism, Class Struggle, Inequality, Labor, Wages

New findings from the International Labor Organization show that workers across many advanced and emerging economies continued to miss out on the gains from growth in 2017. Rather than trotting out the usual suspects – trade and technology – it is time for policymakers to place the blame where it belongs. NEW DELHI – It’s now official: workers around the world are falling behind. The International Labor Organization’s (ILO) latest Global Wage Report finds that, excluding China, real (inflation-adjusted) wages grew at an annual rate of just 1.1% in 2017, down from 1.8% in 2016. That is the slowest pace since 2008.

We Have To Make Sure The “Green New Deal” Doesn’t Become Green Capitalism

December 13, 2018 Sarah Lazare, Inthesetimes.com Create! Capitalism, Carbon, Climate Change, Environment

Incoming Congresswoman Alexandria Ocasio-Cortez made waves in late November when she called for a Green New Deal (GND)—a plan to “transition” the U.S. economy to “become carbon neutral” over the course of 10 years. In a draft resolution, she proposes the formation of a Select Committee to develop a plan for massive public works programs, powered by a jobs guarantee and public banks, with the goal of “meeting 100 percent of national power demand through renewable sources.” According to Ocasio-Cortez, the plan aims to eliminate poverty, bring down greenhouse gas emissions...

French Lessons: People Standing Up Have Power

December 10, 2018 By Finian Cunningham, Sputniknews.com Resist! Capitalism, France, Protests

French people are standing up for their rights and speaking out for many others around the world who are sick at the injustice of capitalism. None more so than people of Western states who have had to endure decades of economic austerity while a tiny elite become ever more obscenely wealthy. In addition to the irrational malign distribution of wealth that capitalism bestows, Western states — that is, the oligarch-serving politicians — spend and waste inordinate financial resources on militarism and waging criminal wars. For the fourth weekend in a row, the French public have taken to the streets of Paris and other major cities to demand economic justice.

How The West Eats Its Children

December 10, 2018 By Thierry Meyssan, Voltairenet.org Educate! Capitalism, Class Struggle, France

International relations experienced a profound change with the paralysis of the Soviet Union in 1986, when the State was unable to control the civilian nuclear incident in Tchernobyl [1], then with the revocation of the Warsaw Pact in 1989, when the East German Communist Party [2] destroyed the Berlin Wall, and finally, with the dissolution of the USSR in 1991. At that time, the President of the United States, George Bush Sr., decided to demobilise one million soldiers and devote the efforts of his country to its own prosperity. He wanted to transform US hegemony within its zone of influence, and expand it into that of the leader of the world, the guarantor of world stability.

We Don’t Feel Better Off, Because We’re Not

December 8, 2018 Stan Sorscher, Thestand.org Educate! Capitalism, Trade

(Dec. 4, 2018) — Earlier this year, trade experts explained to two audiences in Seattle how workers should adjust to the global economy. Workers displaced by global competition could learn computer skills and move to Boston, San Francisco, and Seattle. One of the experts expressed disappointment at her failure in reassuring workers that our free-trade approach to globalization made us better off. At a third meeting a few weeks later, two trade experts from Mexico said their country’s biggest problem was inequality. One, an economist, said he was “agnostic” about whether free trade made inequality in Mexico better or worse.

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