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Remembering King’s roots in labor and socialist movements of the 20th century
As we celebrate Martin Luther King Jr. weekend, it’s worth remembering that his legacy was based firmly in the labor and the socialist movements of the 20th century. It takes nothing away from King to highlight how his work built on those movements and his voice was magnified by his association with them.
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‘On new terrain’—How Capital is reshaping the battleground of class war
Since the Great Recession there has been much debate on the nature of capitalism and the crisis of neoliberalism. Often this has resulted in theories which emphasise finance capital, precarious employment, and play to a generally left Keynesian politics, such as that being pursued within the Labour Party currently.
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The U.S. role in turning countries into shitholes and provoking immigration
Since Trump is a racist, he thinks that countries get to have poor economic and security situations because of the race of the people that inhabit them. That is silly (and dangerous) as history and social science.
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The feminist eagles
Long before the present resurrection of this emboldened feminist movement (forcing people to frantically Google the term), I sensed it coming as the teacher advisor of my high school’s feminist club, the Feminist Eagles.
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Humans, “aliens,” and “shithole countries”
There is no evidence that Donald Trump has ever in his life performed a single selfless act, let alone any act of heroism. Probably he wouldn’t be able even to imagine the nobility of character I witnessed among Port-au-Prince residents after the earthquake, and among “alien” activists like Ravi and Jean here in New York.
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The gender divide: tracking women’s state prison growth
The story of women’s prison growth has been obscured by overly broad discussions of the “total” prison population for too long. This report sheds more light on women in the era of mass incarceration by tracking prison population trends since 1978 for all 50 states.
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Lula’s witch trial: who are the TRF4?
Some are calling it the Coup’s endgame, others the “final battle” for Brasil’s next decade.
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The elephant in the world
The authors of the report confirm what Branko Milanovic and others had previously discovered: that a representation of the unequal gains in world economic growth in recent decades looks like an elephant. Thus, the real incomes of the bottom 50 percent of the world’s population (except the poorest, at the very bottom) have increased, the incomes of those in the middle (especially the working-class in the United States and Western Europe) have decreased, and the global top 1 percent has captured an outsized portion of world economic growth since 1980.
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Trump, the Nationalist-Populist Movement, and Wolff’s Fire and Fury
The real story of Wolff’s Fire and Fury—ignored by an establishment media that has no interest in revealing anything about the class struggle—is the rise of the nationalist-populist movement, which has used Trump effectively to grow its base.
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The next financial crisis will be even worse than the last one
We’ve made it through 2017. The first-season installment of presidential Tweetville is ending where it began, on the Palm Beach, Fla., golf course of Mar-a-Lago. Though we are no longer privy to all the footage behind the big white truck, we do know that, given the doubling of its membership fees, others on the course will have higher stakes in the 2018 influence game.
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The Last Jedi is centrist slop masquerading as radical sci-fi
The Last Jedi, the eighth episode of the legendary Star Wars series, has been out for less than 10 days but already boasts well over $650 million in revenue from the box office.
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Is casual surveillance the future of capitalism?
When e-commerce monolith Amazon introduced the Key in October, it was the latest in a series of innovations aimed at making our lives more user-friendly. Available exclusively to subscribers of Amazon Prime, the Key system—which consists of a programmable smart lock for the front door of one’s house, and a high-definition camera mounted nearby to record the activity of those who come and go—allowed users to have “Amazon packages securely delivered just inside your front door,” as opposed to having those purchases left on a front porch or in a mailroom.
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Class, race, and U.S. wealth inequality
People tend to have a distorted picture of U.S. capitalism’s operation, believing that the great majority of Americans are doing well, benefiting from the system’s long-term growth and profit generation. Unfortunately, this is not true. Median wealth has been declining, leaving growing numbers of working people increasingly vulnerable to the ups and downs of economic […]
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The Honduran dictatorship is ‘Made in the USA’: fraudulent elections greeted by huge protests
The U.S. State Department has endorsed the outcome of the November 26 elections in Honduras, which was surely the most farcical electoral process in recent history.
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Can we avoid another financial crisis?
After the Global Financial Crisis, Steve Keen achieved worldwide acclaim with his book Debunking Economics (2011). It attacked the core tenets of neoclassical economics and some of its heterodox rivals. It also revealed Hyman Minsky’s post-Keynesianism as the most promising route to a scientific revolution in economics.
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Capitalism? Yes, let’s have a trial
In announcing his long-avoided royal commission into banking, Malcolm Turnbull said that “it will not put capitalism on trial”. What a shame!
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Cornel West: Neoliberalism has failed us
We live in one of the darkest moments in American history,” Cornel West begins his new introduction to the 25th-anniversary edition of Race Matters, published on December 5, 2017.
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Making merry on bitcoin
Bitcoin has left the world of finance gasping. Although the total market value of all that cryptocurrency in circulation is only a fraction of the value of the world’s financial assets, the rapid rise in the value of the currency has made it the most wanted of those assets. On January 1, 2017, the currency was trading between $972 and $990 a unit. By December 7, it was trading between $14,063 and $17,363.
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Somali deportees from U.S. exposed to “slave ship conditions”
92 Somali nationals who were deported from the United States earlier this month are suing the Trump administration over “slave ship conditions” on the plane back home. They were denied access to food, water and bathrooms for nearly two days while on the plane.