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Subjects Archives: Monopoly

Image by DonkeyHotey via Flickr

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 […]

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An alternative to liberal globalization

In the Bandung Conference of 1955, the governments and peoples of Asia and Africa expressed their ambitions to reconstruct a global system based on the recognition of the rights of countries that had previously been under the yoke of colonialism. In that period, “the rights to development,” as applied to the frameworks for negotiating multipolarity […]

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Amanda : Flickr

Top 1% up $21 Trillion. Bottom 50% down $900 Billion.

The insights of this new data series are many, but for this post here I want to highlight a single eye-popping statistic. Between 1989 and 2018, the top 1 percent increased its total net worth by $21 trillion. The bottom 50 percent actually saw its net worth decrease by $900 billion over the same period.

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Russiagate is a Ruling Class Diversion

Russiagate is a ruling class diversion

So this is what we can look forward to in the long twilight of a shrinking U.S. empire: the shrieks of a delirious ruling class, concocting endless diversions from the central reality of late-stage capitalism’s inability to offer the people anything but widening wars and deepening austerity.

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Student protest

University strikes: where do we go from here?

On February 22nd the University and College Union (UCU) called for the beginning of a nation wide strike in response to Universities UK’s (UUK) attempt to shift of the Universities Superannuation Scheme from a defined benefit pension to a defined contribution pension.

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