“Studying the contemporary expressions of monopoly-capitalism’s key features shows that the logic and dynamic of the monopoly capitalist system remains fundamentally unchanged from Lenin’s time. However, it shows that the forms and means of exploitation and oppression that characterize imperialism have evolved and intensiﬁed.” — Paul Quintos
It is exceedingly rare for a major congressional committee to hold hearings on “corporate greed” leading to corporate profiteering and surging prices on consumer goods. On April 5, 2022, Senate Budget Chairman, Senator Bernie Sanders (I-VT) chartered uncensored territory on corporate avarice with a lead witness, former Secretary of Labor, Robert Reich, now a professor at the University of California, Berkeley.
The biggest business in America is stealing and defrauding the federal government, Uncle Sam and you the taxpayers. In terms of sheer stolen dollars, the total amount is greater than the annual sales of Amazon and Walmart over the past two years.
theAnalysis-news on Mar 14, 2022
Will China resist financialization and lead the way on climate policy, or is it a form of capitalism that will not reduce inequalities much further and isn’t serious about phasing out fossil fuel? Michael Hudson and Patrick Bond in a discussion about what we can expect from the CCP.
The largest national defense budget in the world just got larger. Earlier this month, the United States Congress passed $728.5 billion in discretionary funding for the Department of Defense for the 2022 fiscal year, a sharp 5% increase from the previous year. The budget contains a plan for $13.6 billion in aid to Ukraine for the Russia–Ukraine war.
On March 21, 2022, Gilbert Achcar – a Professor at SOAS University of London – published a note on the Russia-Ukraine conflict, openly wishing for a North Atlantic Treaty Organization (NATO) victory. He enthusiastically expressed his support for Western arms deliveries to Ukraine and Western sanctions against Russia, which not only impact the well-being of the Russian people by blocking access to imported items but also plunder economic resources via the seizure of assets belonging to the sanctioned country. Achcar explained his full-blown pro-NATO advocacy by making vague references to “Russian imperialism”, which he considers to be worse than Western imperialism. Again, this judgement, too, is left unexplained; it is only garnished with a useless analogy pompously proclaiming the West’s “vassalization” of Ukraine to be “incomparably preferable” to Russia’s “enserfment” of the country.
“So what is imperialism? On the surface it may seem relatively easy to understand: a big powerful evil nation dominates a small weak innocent nation. But when we dig deeper imperialism becomes a complex system to understand. A wide variety of concepts frameworks and philosophies are used by different groups of people to understand this system of domination.
Ross [00:00:29] Welcome to Renegade Inc. Whatever the outcome in Ukraine, one thing is for sure the economic reverberations will be felt by everyone for years to come as the world divides between the West and a rapidly reshaping Eurasia.
But nobody thought that it would happen this fast.
Empires often follow the course of a Greek tragedy, bringing about precisely the fate that they sought to avoid. That certainly is the case with the American Empire as it dismantles itself in not-so-slow motion.
Noting that there is always money to be thrown at the finance industry but little for social needs is by now about as startling as noting the Sun rose in the east this morning. But what is eye-opening is the truly gargantuan amounts of money handed out to benefit the wealthy.
Peoples Dispatch on Jan 1, 2022
Eugene Puryear of BreakThrough News analyzes 2021 for the United States as Joe Biden took over after an uprising by Trump supporters. Hopes of a turnaround were soon to be belied as political gridlock and corporate agenda slowed down and even derailed chances of government spending for the poor.