“Creating Wealth” through Debt: The West’s Finance-Capitalist Road by Michael Hudson

Swimming With the Debt Sharks

Image by Truthout.org via Flickr

by Michael Hudson
Writer, Dandelion Salad
Michael Hudson, May 2, 2018
May 7, 2018

Peking University, School of Marxist Studies
May 5-6, 2018

Volumes II and III of Marx’s Capital describe how debt grows exponentially, burdening the economy with carrying charges. This overhead is subjecting today’s Western finance-capitalist economies to austerity, shrinking living standards and capital investment while increasing their cost of living and doing business. That is the main reason why they are losing their export markets and becoming de-industrialized.

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Happy 200th Birthday Karl Marx!

Karl Marx by Robert Diedrichs, 1970. Courtesy WikiCommons

Image by Royal Opera House Covent Garden via Flickr

Dandelion Salad

International May Day 2018

WSWS on May 5, 2018

The 2018 International Online May Day Rally will begin at 5:30 PM EDT on Saturday, May 5. This event is hosted by the International Committee of the Fourth International.

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Capitalism is Killing the Planet by Eric Schechter

Manhattan

Image by The All-Nite Images via Flickr

by Eric Schechter aka LeftyMathProf
Writer, Dandelion Salad
Eric’s Rants and Videos blog
May 2, 2018

leftymathprof on Apr 30, 2018

Feedback loops such as albedo loss are accelerating global warming. Tipping points such as the release of polar methane may increasing warming very suddenly. Soon our crops will fail. Science might save us but isn’t being used. Plutocrats block any reforms that would cut their profits. Our democracy is a sham. Trade makes inevitable the increase of inequality, ecocidal side effects, and the alienation of people from each other. Only sharing might save us, and we won’t get there through reforms. The first stop is to talk about it.

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Chris Hedges: Hard Work and Ambition Are Not the Secrets of Success, Privilege and Capitalism Are

Caleb Maupin: The American Socialist Awakening

Screenshot by Dandelion Salad via Flickr
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Dandelion Salad

with Chris Hedges

RT America on Apr 23, 2018

Khalil Muhammad, professor of history, race and public policy at the Harvard Kennedy School, discusses the rise of racialized hatred in the United States.

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Why Interest Rates Are Rising by Ellen Brown

End the Fed march - 14

Image by Steve Rhodes via Flickr

by Ellen Brown
Writers, Dandelion Salad
The Web of Debt Blog
April 22, 2018

The Fed is aggressively raising interest rates, although inflation is contained, private debt is already at 150% of GDP, and rising variable rates could push borrowers into insolvency. So what is driving the Fed’s push to “tighten”?

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Michael Roberts: OECD Advises Countries to Curb Extreme Inequality

IMG_0092

Image by Doug Geisler via Flickr

Dandelion Salad

TheRealNews on Apr 14, 2018

Economist Michael Roberts says the change of tone within the OECD is interesting, but there are no takers ready to implement estate taxes to reduce inequality.

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Chris Hedges and Richard Wolff: Capitalism Does Not Work for the Majority of the People

Capitalism IS the Crisis

Image by Waywuwei via Flickr

Dandelion Salad

with Chris Hedges

RT America on Apr 1, 2018

Economist Richard Wolff discusses the coming economic collapse of the United States of America.

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The Post Office Has Been Intentionally Targeted For Takedown by Ellen Brown

Post Office & Savings Bank

Image by duncan c via Flickr

by Ellen Brown
Writers, Dandelion Salad
The Web of Debt Blog
March 18, 2018

The US Postal Service, under attack from a manufactured crisis designed to force its privatization, needs a new source of funding to survive. Postal banking could fill that need.

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A Travesty of Protectionism by Michael Hudson

Midvale Company mechanic Larson, medium grinding on Noton Machine roll for Thomas Steel, July 1932

Image by Kheel Center via Flickr

by Michael Hudson
Writer, Dandelion Salad
Michael Hudson
March 10, 2018

Trump’s series of threats this week was a one-two punch. First, he threatened to impose national security tariffs on steel and aluminum, primarily against Canada and Mexico (along with Korea and Japan). Then, he suggested an alternative: He would exempt these countries IF they agree to certain U.S. demands.

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The Spirit Level: Why Greater Equality Makes Societies Stronger + How Economic Inequality Harms Societies (must see)

DSC_8882

Image by Dean Chahim via Flickr

Dandelion Salad

Previously published July 4, 2010

talkingsticktv
January 23, 2010

Talk by Richard Wilkinson and Kate Pickett co-authors of The Spirit Level: Why Greater Equality Makes Societies Stronger recorded January 8, 2010 at Hogness Auditorium, University of Washington, Seattle.

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Michael Hudson VS Lori Wallach on Trump’s Plan to Impose Steel and Aluminum Tariffs

Michael Hudson VS Lori Wallach on Trump’s Plan to Impose Steel and Aluminum Tariffs

Screenshot by Dandelion Salad via Flickr
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with Michael Hudson
Writer, Dandelion Salad
Michael Hudson
March 6, 2018

Democracy Now! on Mar 6, 2018

https://democracynow.org – “Trade wars are good, and easy to win.” That’s the message President Trump tweeted on Friday, sending shockwaves across the globe and sparking fear of impending economic volatility. On Thursday, world stock markets tumbled after Trump announced he plans to impose new tariffs on imports of foreign steel and aluminum.

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Chris Hedges: The Radical Transformation of Jackson, Mississippi

Chris Hedges: The Radical Transformation of Jackson, Mississippi

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Dandelion Salad

“Cooperation Jackson is an emerging network of cooperatives and grassroots institutions that aim to build a “solidarity economy.” By seizing on the crisis and weak links of modern capitalism and building on the historic struggles for racial equality by the black people of Mississippi, Cooperation Jackson has created a model we can all learn from.” — Richard Moser, “Jackson Rising: At Last, a Real Strategic Plan“, Black Agenda Report, Jan. 30, 2018

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China’s Secret Source For Funding Infrastructure by Ellen Brown

roads and railways series #3

Image by woodleywonderworks via Flickr

by Ellen Brown
Writers, Dandelion Salad
The Web of Debt Blog
February 28, 2018

“One Belt, One Road,” China’s $1 trillion infrastructure initiative, is a massive undertaking of highways, pipelines, transmission lines, ports, power stations, fiber optics, and railroads connecting China to Central Asia, Europe and Africa. According to Dan Slane, a former advisor in President Trump’s transition team, “It is the largest infrastructure project initiated by one nation in the history of the world and is designed to enable China to become the dominant economic power in the world.” In a January 29th article titled “Trump’s Plan a Recipe for Failure, Former Infrastructure Advisor Says,” he added, “If we don’t get our act together very soon, we should all be brushing up on our Mandarin.”

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Chris Hedges: The Deindustrialization and Collapse of Detroit

Packard Automotive Plant

Image by rytc via Flickr

Dandelion Salad

with Chris Hedges

RT America on Feb 25, 2018

Charlie LeDuff, author of Detroit: An American Autopsy, discusses the deindustrialization of America, specifically Detroit, through systemic kleptocracy.

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Chris Hedges: The Rise of Fascism in India

Chris Hedges: The Rise of Fascism in India

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with Chris Hedges

RT America on Feb 19, 2018

Shehla Rashid Shora, Indian Activist, discusses Hindu fascism through religious and political unrest and classism in India.

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