Being the biggest rich capitalist country, the U.S. also has the largest number of wealthy people. Quite how many will come as a bit of a surprise for those who have heard the ‘1% versus 99%’ slogan; it is not just Bill Gates and Jeff Bezos.
Subjects Archives: Political Economy
17 Contradictions and the End of Capitalism by David Harvey – Review (ft. Mad Blender)
The Radical Reviewer and Mad Blender reviewing 17 Contradictions and the End of Capitalism by David Harvey.
Congress is a month away from cutting the economy’s fiscal life support
The most important economic problem the United States is facing is the failure to contain Coronavirus and the unethical decisions politicians have been making to reopen without the administrative capacity to limit the virus’s spread.
Racism, capitalism and rebellion
I want to start by acknowledging the significance of what has happened in the last ten days. We’re now in the midst of what we can definitively say is the biggest wave of mass protests in the United States since the 1960’s
Two months of gains, but a huge jobs deficit remains, and deepening pain is on the horizon
Today’s jobs report from the Bureau of Labor Statistics shows two months in a row of payroll employment gains, an increase in jobs of 4.8 million in June on top of 2.7 million in May. But, because so many jobs were lost in March and April, we are still 14.7 million jobs below where we […]
Freedom Rider: The police defunding con game
Cutting police budgets without establishing public control over their behavior doesn’t solve the problem, and invites politicians to shuffle budget numbers around like a three-card monte swindle.
CoronaShock and socialism
CoronaShock is a term that refers to how a virus struck the world with such gripping force; it refers to how the social order in the bourgeois state crumbled, while the social order in the socialist parts of the world appeared more resilient.
Canada’s membership in the Five Eyes alliance promoting conflict with China
It is time Canadians debate whether they want to be part of an intelligence group driving hostile relations with China.
Chart of the day
Yesterday morning, the U.S. Department of Labor reported that, during the week ending last Saturday, another 1.4 million American workers filed initial claims for unemployment compensation.
The brutality of capitalism
This essay connects police brutality to the brutality of capitalism. Capitalism has long promised a better life for people, a promise that was begrudgingly accepted by elites in the post-WWII age.
The world can show how Pharma monopolies aren’t the only way to fight COVID-19
The U.S. has bought up almost all of the stock of remdesivir from Gilead, making it nearly impossible for this COVID-19 drug to be available anywhere else in the world.
Key U.S. ally indicted for organ trade murder scheme
If the people of Kosovo can hold the CIA-backed gangsters who murdered their people, sold their body parts and hijacked their country accountable for their crimes, is it too much to hope that Americans can do the same and hold our leaders accountable for their far more widespread and systematic war crimes?
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 […]
Venezuela denounces ‘absurd decision’ of UK to retain its gold reserves
A British high court ruled on July 2 that because the UK recognizes opposition leader Juan Guaidó as president, it does not have to give the government of Nicolás Maduro access to the reserves.
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.
Green structural adjustment in the World Bank’s resilient cities
Cities across the world are facing a double-barreled existential problem: how to adapt to climate change and how to pay for it.
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 […]
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.
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.
The New Jim Crow by Michelle Alexander – Review (ft. Step Back History)
Radical Reviewer and Tristan from Step Back History review The New Jim Crow by Michelle Alexander.
