Subjects Archives: Capitalism

On August 26, a lone white gunman, 21-year-old Ryan Christopher Palmeter, fired 11 rounds from his semi-automatic weapon into the windshield of a car parked outside a Jacksonville Dollar General, killing the African American driver. Then he walked into the discount store, and fatally shot two other African Americans before turning the gun on himself.

India being the host country, the triumphalist tom-toming that G20 summit on September 9-10 was a “success” is both understandable and probably justifiable.

The planet has been laid to waste, and society pays for the waste in both money and lost years of life.

Nicolas Graham’s book on forces of production and fossil-fuel capitalism gives an important analysis of why fundamental change is needed to solve the climate crisis, finds John Clarke

“Needless to say, changes that benefit the working class of our country are not going to be easily handed over by the corporate elite. They have to be fought for—and won.”

Humans have an infinite capacity for wishful thinking, but a revolutionary project is by definition a recognition that wishes are for fairy tales.

One of the most glaring plot holes in the official mainstream narrative on Ukraine is the way US officials keep openly boasting that this supposedly unprovoked war which the U.S. is only backing out of the goodness of its heart just so happens to serve U.S. interests tremendously.

THE fossil fuel industry, particularly the oil and natural gas lobby, always has new cards. Earlier, the fossil fuel industry came up with carbon credits: We, the rich countries, will burn coal, oil and natural gas so that we can continue with our current lifestyles but “compensate” by planting trees in poor countries.

When class analysis is absent from discussions about systemic problems, issues like income inequality, access to resources, and power imbalances are often oversimplified or ignored.

Thomas Sankara, radical leader and martyr of Burkina Faso, understood that the problem of ecological destruction was rooted in capitalism and imperialism.

Of late however there has been a popular anti-imperialist upsurge in several countries of Francophone Africa. In Guinea, Mali, Chad and Burkina Faso, new anti-imperialist governments have come to power in the last couple of years that want French troops out of their countries; and in Mali they have even succeeded in getting French troops out.

Basically the problem is that our whole planet has been gamified. All the Earth’s life, resources and geography have been folded into this sick game where people commodify them into points called money, for no other reason than to score as many points as possible.

As part of negotiations for Saudi Arabia to recognize Israel, the United States is demanding that Riyadh keep pricing its oil in dollars, not China’s renminbi or other currencies.

In the different countries of the world, capitalism is shaped and consolidated not only by the general logic of this mode of production, but also by the social, historical, and cultural conditions of each country. The way each country and region understand the forms of accumulation and expansion of capitalism is fundamental to the class struggle.

MANY economists have been advocating a universal basic income for India, an idea that was mooted even in the official Economic Survey for 2016-17.

The framework of our civilization is premised on the destruction of the planet.

South Africa’s media agencies report that the country’s authorities have rejected a French request to send an invitation to President Emmanuel Macron to attend the upcoming summit of the BRICS economic group.

SEVERAL major economists have put forward theories predicting a falling tendency of the rate of profit under capitalism; Marx had seen in this fact an awareness on their part of the essential transitoriness of the capitalist system. But while some of these theories have logical validity, others do not. Among the latter is Adam Smith’s theory.

In June, the United Nations’ Sustainable Development Solutions Network published its Sustainable Development Report 2023, which tracks the progress of the 193 member states towards attaining the seventeen Sustainable Development Goals (SDGs).

The Ecosocialist idea you’ve never heard of and might need.