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BlackRock’s rise shows the dark direction of monopoly capitalism
Matt Taibbi concluded that the 2008 Wall Street bailout had “built a banking system that discriminates against community banks, makes Too Big to Fail banks even Too Bigger to Failier, increases risk, discourages sound business lending and punishes savings by making it even easier and more profitable to chase high-yield investments than to compete for small depositors.”
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What is ‘post-capitalism’?
It’s an empty phrase used by people who wish to bypass the necessity of struggle, says the MARX MEMORIAL LIBRARY.
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Tokyo Olympics and Fukushima “Revival”
At the 1964 Tokyo Olympics a young man born on the day of Hiroshima nuclear bombing was selected to be the last torch bearer on the relay, to signify that Japan had stood up from nuclear ruin. In an attempt to replicate the 1964 Olympic theme, the Abe government has constructed the idea of a Fukushima “revival,” a returned to normal. Exposing this illusion is an important cultural war.
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Revolution or ruin
We know how the first paragraph begins. We’ve read about the changing climate for over twenty years, infrequently at first and then daily until we couldn’t deny it any longer. The world is burning.
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The Coronavirus pandemic, ecological catastrophe and global capitalism: an interlocking phenomenon
The COVID-19 pandemic has unravelled the close structural links between the climate crisis and the global capitalist mode of production.
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Whitewashing capitalism
How ECON 100 obscures the relationships among capitalism, racism and racial inequality.
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Ten-Point agenda for the Global South after COVID-19
In 1974, the United Nations General Assembly passed a New International Economic Order (NIEO), which was driven by the Non-Aligned Movement (NAM).
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Imperialism and India’s food economy
The problem before metropolitan capitalism therefore is: how to acquire control over the use of this tropical land-mass in order to obtain the products it needs?
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Living is no laughing matter
The United States government has withdrawn its support for the World Health Organisation (WHO) based on accusations that the WHO has not been forthcoming about the novel coronavirus and based on U.S. President Donald Trump’s questioning of the WHO’s independence from China, calling the organisation a ‘puppet of China’.
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Iran’s skyrocketing stock exchange signals historic political shift
In Iran, this spring brings a historic opportunity for neoliberal opposition parties personified by President Rouhani. The utopian dream will now get its first chance to prove itself as a cash-starved Islamic Republic embarks on its boldest ever embrace of privatization of state-owned companies.
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A consumer economy?
Richard Heinberg is a very important scholar and an apparently lovely human being. His books are always penetrating, and both his contribution to and his review of Michael Moore’s corporate-green-censored movie, Planet of the Humans, demonstrate his continuing efforts to speak crucially unheard truths.
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Dossier 20: Health is a political choice
In the United Nations’ Universal Declaration of Human Rights (1948), Article 25 offers an expanded vision of what it could mean to be a human being. Human beings, it notes, have ‘the right to a standard of living adequate for [their] health and well-being’. This includes ‘food, clothing, housing and medical care and necessary social services’; human beings also have the ‘right to security’, which means they have the right to compensation for any lack of livelihood due to circumstances beyond their control.
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The treason of the ruling class
They have destroyed our capitalist democracy and replaced it with a mafia state.
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The Monster Enters: COVID-19, Avian Flu and the Plagues of Capitalism – book review
Mike Davis’ The Monster Enters updates his earlier book on capitalism and pandemic disease to reflect on the current failure of the neoliberal state, finds Elaine Graham-Leigh
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Capitalism & the home
We have become used to ‘stay at home’ in the corner of our TV screens, behind nightly government press conferences, repeated over and over on the radio and in social media.
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Catastrophe capitalism and the COVID-19 crisis
ÖŞK: In an interview with Michael D. Yates (“Trump, neo-fascism, and the COVID-19 Pandemic,”April 11, 2020, MR Online) you mentioned that “Capitalism is in its biggest crisis this century.” What makes this crisis the “biggest”? What will the outcome of this crisis look like? Will this crisis and failure lead to a major change in […]
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Oil price collapse & the crisis
Is oil a stranded asset? Or is the system defunct? This thought-provoking talk was given by Andy Higginbottom, Associate Professor in the Politics Department of Kingston University in Britain. In this talk he looks at Marx’s theory of rent as surplus profit and its parallels within the oil markets.
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Growth figures underscore economic crisis amidst COVID
Early evidence on the intensity and drivers of the COVID-induced crisis in the U.S. and Europe suggests that the official response may lengthen the recession and delay recovery
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Death cult capitalism
Death cult capitalism–now the dominant variety–accepts some losses among the royal caste as an acceptable trade-off for creating a world in which millions of lives are extinguished to lube the system and keep the good stuff rolling in, feeding the insatiable parasites at the top whose lust for short term profits has no end.
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Is postcolonial capitalism a thing to itself? Reviewing Sanyal’s – Rethinking Capitalist Development
In all, Sanyal’s work is engaging, remarkable in its cross-disciplinarity, and fresh. Though its influence has been concentrated in Indian academia, I urge my colleagues elsewhere to give it a read. It will definitely make you think.