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Warren Buffett & imperial economics
Warren Buffett is one of the wealthiest people in the world. He is also Chairman of the Board, President and Chief Executive Officer of Berkshire Hathaway, a huge U.S. investment conglomerate. Looking at Berkshire’s investment policy reveals some important features of the economics of imperialism today and the role of money capitalists.
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Protests in Honduras intensify leading up to inauguration day
Juan Orlando Hernández, who was “elected” president in Honduras as a result of fraud and corruption, will hold his swearing in ceremony on January 27 in what may be the first closed-door inauguration (although his government has purposely not shared details about the ceremony).
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Lula, Brazil elections and the left
In an exclusive interview with teleSUR, Brazilian professor and researcher Sabrina Fernandes discusses former President Luiz Inacio “Lula” da Silva’s Jan. 24 corruption trial and forthcoming elections in the South American country.
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Utopia and the right to be lazy
Students are much too busy to think these days. So, when a junior comes to talk with me about the possibility of my directing their senior thesis, I ask them about their topic—and then their schedule. I explain to them that, if they really want to do a good project, they’re going to have to quit half the things they’re involved in.
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Dutiful dirges of Davos
Thousands of people will gather next week in Davos. Their combined wealth will reach several hundred billion dollars, perhaps even close to a trillion. Never in world history will be the amount of wealth per square foot so high. And this year, for the sixth or seventh consecutive time, what would be one of the principal topics addressed by these captains of industry, billionaires, employers of thousands of people across the four corners of the globe: inequality…
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The struggle for actually building socialist society
“The economic base built in Mao’s era laid the foundation for a sovereign capitalist development.”
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The Billionaire boom: 82% of global wealth produced last year went to richest 1%
Forida is a 22-year-old sewing machine operator in a clothing factory in Dahka, Bangladesh. She often works 12-hour days producing clothes for brands such as H&M and Target. Sometimes, during busy production cycles, the hours are even longer.
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This is for the Guardian, NYT and the BBC: 1939 to 2018
Before I go any further with this let me state that I’m not a Trotskyist, or a Leninist, or a Stalinist or a Maoist (but I might have been all of the above, with exception of Maoist, at one time or another).
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Cuba embarks on a 100-year plan to protect itself from climate change
On its deadly run through the Caribbean last September, Hurricane Irma lashed northern Cuba, inundating coastal settlements and scouring away vegetation. The powerful storm dealt Havana only a glancing blow; even so, 10-meter waves pummeled El Malecón, the city’s seaside promenade, and ravaged stately but decrepit buildings in the capital’s historic district. “There was great destruction,” says Dalia Salabarría Fernández, a marine biologist here at the National Center for Protected Areas (CNAP).
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Sympathy for Ahed Tamimi is not enough
Unless you have been living under a rock for the past few weeks, it is unlikely that Ahed Tamimi’s story, will come as news to you, despite the mainstream media’s best efforts.
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Dismantling doomsday: Daniel Ellsberg on the risk of Nuclear apocalypse
Daniel Ellsberg is perhaps the premier whistleblower of all time, the man who in 1971 dragged the Pentagon Papers out of top-secret darkness into the light. Yet even as excerpts from the papers’ 7,000 pages were being published by The New York Times, The Washington Post, and other newspapers, Ellsberg was sitting on an entire second set of secrets, having nothing to do with Vietnam: all his material on nuclear policy, such as the operational plans for general nuclear war that he had drafted for the Joint Chiefs of Staff in his job as a RAND Corporation defense analyst.
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Too many whites are in denial about the extent of race-based economic inequality
A recently published paper by three Yale scholars reveals “that Americans, on average, systematically overestimate the extent to which society has progressed toward racial economic equality, driven largely by overestimates of current racial equality.”
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What’s wrong with colonialism?
I remember many years ago sitting through a seminar at Macquarie University in Sydney during my Honours studies in Politics. That particular seminar focused on Western colonialism in the South Pacific, and modern Western imperialism in general. I remember one thing vividly from that class that remained etched into my mind. It was a question that the lecturer asked U.S. repeatedly and insistently. ‘Why is it so important for indigenous people to maintain their identity? What is so bad with a particular way of life or culture disappearing?’
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Facebook and Google outline unprecedented mass censorship at U.S. Senate hearing
Behind the backs of the U.S. and world populations, social media companies have built up a massive censorship apparatus staffed by an army of “content reviewers” capable of seamlessly monitoring, tracking, and blocking millions of pieces of content.
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What’s the matter with America?
Last week, Thomas Frank welcomed Paul Krugman to the ranks of those who believe that the American working-class in recent decades has often voted against its fundamental economic interests by supporting conservative Republicans.
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Leaked nuclear posture review lays out policy changes that would increase risk of nuclear war
A draft of the 2018 Nuclear Posture Review leaked to the Huffington Post indicates that the White House is planning changes to the U.S. nuclear arsenal and its nuclear-use policy that would increase the risk that nuclear weapons will be used.
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Monbiot is a hypocrite and a bully
It is time for George Monbiot’s legion of supporters to call him out. Not only is he a hypocrite, but he is becoming an increasingly dangerous one.
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Why we must protect the world from the United States
Fifty years ago, Dr. Martin Luther King Jr. stated the obvious: The United States was the greatest purveyor of violence in the world. He also said the public allowing this violence would lead to a kind of national spiritual death that would continue to make the U.S. state a danger to the world.
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On January 15, 1919: Rosa Luxemburg was murdered
The great revolutionary Rosa Luxemburg was murdered by Freikorp in Berlin, and her body thrown into the Landwehr Canal on this day in 1919.
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The end of the road for capitalism or for us all?
we have the certainty that matter remains eternally the same in all its transformations, that none of its attributes can ever be lost, and therefore, also, that with the same iron necessity that it will exterminate on the earth its highest creation, the thinking mind, it must somewhere else and at another time again produce it”. —
Frederick Engels, from the introduction to ‘The Dialectics of Nature’, 1883.