Subjects Archives: Capitalism

Bob McChesney, that prescient seer on the subject of media consolidation and much more, died last month.

Trump backed down because the bond market was showing signs of severe stress that could lead to a credit squeeze, particularly for hedge funds that own a significant stock of U.S. bonds.

Google recently announced it would acquire Israeli-American cloud security firm Wiz for $32 billion.

On October 7, 2023, the Palestinian resistance in Gaza launched Operation Al-Aqsa Flood—a mass breakout from the open-air concentration camp in which 2.3 million people had been confined by seventy-five years of Zionist colonialism and sixteen years of unrelenting siege.

Park rangers are our most trusted federal employees, and national parks are America’s gift to the world… but the new Trump regime is choking them, depriving them of the personnel and resources they need.

“Everything gives way and nothing stands fast.” —Heraclitus, as quoted in Plato’s Cratylus1 During the “Age of Catastrophe” (1919–45), a series of profound economic, political, and ideological crises disrupted what had appeared to be the “normal” functioning of capitalism.2 In 1930, a key moment of this “age,” marked by the economic catastrophe of the Great […]

Where is all this going? Well, it means a slump in production in the U.S. and most major economies; and it means a revival of inflation, particularly in the U.S. This is madness, no? Well, as I said last February when all this kicked off, there is method in this madness.

1. Introduction The predominance of US economic, political and military power in the world was established at the end of the Second World War.1 With just 6.3 percent of global population, the United States held about 50 percent of the world wealth in 1948. As the only power which had used nuclear weapons on civilian […]

A week after U.S. President Trump launched his economic war against the world under the banner of so-called “reciprocal tariffs,” China will have a tariff of 104 percent imposed on its goods starting today.

Videogames are everywhere.

Donald Trump is portrayed as a “populist” committed to average working-class people, but his policies benefit wealthy elites at the expense of everyone else. His administration includes 13 billionaires—including Elon Musk, the world’s richest oligarch—and he is cutting taxes on the rich and corporations while imposing a consumption tax on the poor through tariffs.

The imposition of the new U.S. tariff regime unveiled by President Trump yesterday is a declaration of economic war against the rest of the world.

ONE of the puzzling phenomena in world capitalism today is the bellicosity displayed by Europe vis-à-vis Russia.

It’s not April Fools day (1 April). But it might as well be as later today U.S. President Donald Trump announces another barrage of tariffs on imports into the U.S. in what Trump calls ‘Liberation Day’ and what America’s voice of big business and finance, the Wall Street journal, has called “the dumbest trade war in history.”

At a summit held by a Silicon Valley venture capital firm, U.S. Vice President JD Vance gave a speech about globalization that made it clear that the West wants to keep poor, formerly colonized countries in the Global South trapped at the bottom of the global value chain, through monopolistic control of advanced technologies.

CounterSpin interview with Nancy Altman on Social Security attacks.

Warmongering has reached fever pitch in Europe. It all started with the U.S. under Trump deciding that paying for the military ‘protection’ of European capitals from potential enemies was not worth it.

Citizenship by investment schemes drive up housing prices and do little to drive economic growth.

The theatrical events of the previous week between Volodymyr Zelensky, Donald Trump, and JD Vance have been grist for all manner of bourgeois media lies designed to obfuscate events.

The Trump administration’s volatility on foreign policy reveals internal divisions within Trumpism. But when threats and populism lose their momentum, the anti-communist hawks may get their way.