How a Pandemic is Destroying the West, by Michael Hudson

Where's my bailout?

Image by John Nakamura Remy via Flickr

by Michael Hudson
Writer, Dandelion Salad
September 14, 2020

The U.S. is Saving the Financial Sector, not the Economy

Before juxtaposing the U.S. and alternative responses to the coronavirus’ economic effects, I would like to step back in time to show how the pandemic has revealed a deep underlying problem. We are seeing the consequences of Western societies painting themselves into a debt corner by their creditor-oriented philosophy of law. Neoliberal anti-government (or more accurately, anti-democratic) ideology has centralized social planning and state power in “the market,” meaning specifically the financial market on Wall Street and in other financial centers.

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Chris Hedges and Richard D. Wolff: The Sickness is the System—When Capitalism Fails to Save Us from Pandemics or Itself

capitalism is the crisis

Image by Alex Cameron via Flickr

Dandelion Salad

with Chris Hedges

RT America on Sep 12, 2020

On the show this week, Chris Hedges discusses with economist Professor Rick D. Wolff, the economic and political collapse of the American empire.

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The Anti-Social Socialist: How Capitalism Controls You

How Capitalism Controls You by The Anti-Social Socialist

Screenshot by Dandelion Salad via Flickr
Watch the video below

Happy Labor Day!

by
Writer, Dandelion Salad
Originally published Sept. 12, 2018
September 7, 2020

“Capitalism keeps us in a state of panic. Most of us are just one medical bill away from bankruptcy. It keeps us overworked and underpaid so we don’t have time to question its dominance over our lives. It takes the fruits produced by the many and gives them to the few. Concentrated wealth means concentrated power, concentrated power means less democracy, less democracy means less freedom, and less freedom means you are reduced to a precarious life of servitude.” —

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BlackRock’s Rise Shows the Dark Direction of Monopoly Capitalism, by Rainer Shea

Vampire Squid

Image by DonkeyHotey via Flickr

Updated: July 12, 2020

by Rainer Shea
Writer, Dandelion Salad
Rainer Shea: Anti-Imperialist Journalist, June 30, 2020
July 1, 2020

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.” In this post-crash environment, the largest financial institutions gained more of a hegemonic grip than ever, with the five biggest banks having come to own almost half the industry by 2015.

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Meet BlackRock, the New Great Vampire Squid, by Ellen Brown

Capitalism Is Crisis

Image by Steffi Reichert via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog, June 22, 2020
June 23, 2020

BlackRock is a global financial giant with customers in 100 countries and its tentacles in major asset classes all over the world; and it now manages the spigots to trillions of bailout dollars from the Federal Reserve. The fate of a large portion of the country’s corporations has been put in the hands of a megalithic private entity with the private capitalist mandate to make as much money as possible for its owners and investors; and that is what it has proceeded to do.

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Chris Hedges: How the Covid-19 Pandemic has Exposed the Weakness of American Society

Pandemic

Image by Daniel Arrhakis via Flickr

Dandelion Salad

with Chris Hedges

RT America on May 30, 2020

On the show this week, Chris Hedges talks to John Ralston Saul, author and president emeritus of Pen International, about how the COVID-19 pandemic has exposed the weakness of American society, and accelerated the decline of the American Empire.

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What U.S. Imperial Decline Means For the Future of Capitalism, by Rainer Shea

end u.s. imperialism

Image by d mw via Flickr

by Rainer Shea
Writer, Dandelion Salad
Rainer Shea: Anti-Imperialist Journalist, May 24, 2020
May 26, 2020

In 2014, the CIA-tied media outlet the Washington Post published an article titled “In the long run, wars make us safer and richer.” Its author Ian Morris reasoned that wars have been necessary to carry out what it called the “civilizing process,” wherein the European empires have grown through conquest and the United States has been created through the seizing of indigenous lands. Its argument was racist and biased in favor of Western capitalist interests, and this was the point. It acknowledged that the wars which brought the U.S. empire to power, and which the U.S. empire continues to wage, are good for “us”—the people in the imperial core who benefit from imperialist wars.

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Michael Hudson: Dollar Recycling and Military Encirclement

Smash US Empire

Image by Eric B. via Flickr

by Michael Hudson
Writer, Dandelion Salad
May 21, 2020

Global University for Sustainability on Apr 24, 2020

On 22-24 November 2019, International Seminar on Land, Finance, and De-dollarization was held in Macau, China, which was co-organized by Global University for Sustainability, Lingnan University, Southwest University, and the Federal University of Espirito Santo.

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The Start Of The Great Meltdown For Industrial Civilization, by Rainer Shea

Abandoned Factory

Image by Wayne Hsieh via Flickr

by Rainer Shea
Writer, Dandelion Salad
Rainer Shea: Anti-Imperialist Journalist, May 17, 2020
May 20, 2020

Consumer society has tried to legitimize itself by making people believe that it represents a sustainable way of living. For those in the First World, all the evidence that a meltdown is coming—the deterioration of the climate, the decline of the biosphere, the diminishing of available resources—has usually existed outside of immediate view. Commercialism and the mass media, which have gained an unprecedented presence in our lives through the digital revolution, have distracted us from these realities while the machine of global capital has continued to run.

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Another Bank Bailout Under the Cover of a Virus, by Ellen Brown

Rich Uncle Pennybags

Image by Sean Davis via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog, May 18, 2020
May 19, 2020

Insolvent Wall Street banks have been quietly bailed out again. Banks made risk-free by the government should be public utilities.

When the Dodd Frank Act was passed in 2010, President Obama triumphantly declared, “No more bailouts!” But what the Act actually said was that the next time the banks failed, they would be subject to “bail ins” – the funds of their creditors, including their large depositors, would be tapped to cover their bad loans.

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Coronavirus Capitalism and “Exceptional” America, by Paul Street

Capitalism is the crisis

Image by Peter Burka via Flickr

by Paul Street
Writer, Dandelion Salad
The Official Website of Paul Street, Apr. 29, 2020
May 11, 2020

As the global coronavirus public health and economic crisis of 2020 approaches the international workers’ day May 1st, let us consider 23 ways in which it is a crisis of and by capital and its class rule profits system:

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The Virus is a Mirror, by Andrew Gavin Marshall

Coronavirus graffiti, Leake Street

Image by duncan c via Flickr

by Andrew Gavin Marshall
Writer, Dandelion Salad
Toronto, Canada
Empire and Economics
May 7, 2020

Let us see that the virus allows us to reflect on ourselves, not simply at a national level, but at a civilizational level – at the level of the human species.

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The Economic Collapse Is Going To Get A Lot Worse, by Rainer Shea

Climate Change is Class War 22nd May 2019

Image by themostinept via Flickr

by Rainer Shea
Writer, Dandelion Salad
Rainer Shea: Anti-Imperialist Journalist, May 1, 2020
May 4, 2020

The United States and the other core imperialist countries haven’t had socialist revolutions because the masses within them have been kept complacent. They’ve directly or indirectly benefited from the exploitation of colonized peoples, enjoying relative economic advantages despite their being subordinate to the capitalist class. Even as inequality has increased in the last generation or so, this has let the system keep them from taking action. They’ve been told that they need to be loyal to their country, that they can get ahead if they try, that capitalism gives them a better lifestyle than socialism would.

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Crushing the States, Saving the Banks: The Fed’s Generous New Rules, by Ellen Brown

Capitalism Is Crisis

Image by Steffi Reichert via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog, May 2, 2020
May 3, 2020

Congress seems to be at war with the states. Only $150 billion of its nearly $3 trillion coronavirus relief package – a mere 5% – has been allocated to the 50 states; and they are not allowed to use it where they need it most, to plug the holes in their budgets caused by the mandatory shutdown. On April 22, Senate Majority Leader Mitch McConnell said he was opposed to additional federal aid to the states, and that his preference was to allow states to go bankrupt.

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Michael Hudson: US Coronavirus Bailout Scam is $6 Trillion Giveaway to Wall Street + How The US Makes Countries Pay For Its Wars: Economics of American Imperialism

Education Collage

Image by Jacob Anikulapo via Flickr

by Michael Hudson
Writer, Dandelion Salad
April 26, 2020

Moderate Rebels on Apr 20, 2020

Facing the Covid-19 pandemic, the US Congress rammed through the CARES Act — which economist Michael Hudson explains is not a “bailout” but a massive, $6 trillion giveaway to Wall Street, banks, large corporations, and stockholders.

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