Michael Hudson and Steve Keen: Permanent Inequality?

Death to Capitalism

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by Michael Hudson
Writer, Dandelion Salad
October 15, 2020

RT on Oct 7, 2020

It remains unclear who will be the occupant of the White House next January. What can be easily predicted is the state of the economy for tens of millions of citizens. It appears what is called a K-shaped recovery is permanently dividing the country into the haves and have-nots. And this seems to be acceptable for those who are the haves!

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85 Billionaires and the Better Half by Michael Parenti

Ways of Thinking - Feudalism is very much alive

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by Michael Parenti
Writer, Dandelion Salad
Originally published February 18, 2014
October 8, 2020

The world’s 85 richest individuals possess as much wealth as the 3.5 billion souls who compose the poorer half of the world’s population, or so it was announced in a report by Oxfam International. The assertion sounds implausible to me. I think the 85 richest individuals, who together are worth many hundreds of billions of dollars, must have far more wealth than the poorest half of our global population.

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Luxury Eco-Communism: A Wonderful World is Possible

Luxury Eco-Communism: A Wonderful World is Possible

Screenshot by Dandelion Salad via Flickr
Watch the video below

Dandelion Salad

Socialist Project – Left Streamed
August 23, 2020

This film is very much not a utopian vision of the future. In fact, the very different strategies of utopian and materialist thinking for imagining the future are discussed in the first part of the film. Instead of a utopia, the film presents a wide variety of issues, suffering and problems experienced by people, whose common source is the capitalist system itself. It then presents a vision of how things could be very different in each case, without the systemic priorities of the world capitalist system. This gives us a very different viewpoint upon ecology, technology and human flourishing.

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The Dollar Crash Of 2021: The Next Step In Capitalist Collapse + 2020 Will End With The U.S. Moving Much Closer To Dictatorship, by Rainer Shea

Collapse text on calculator screen on the hundred dollar bills

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by Rainer Shea
Writer, Dandelion Salad
Rainer Shea: Anti-Imperialist Journalist, Sept. 30, 2020
October 2, 2020

As this year’s economic crisis has developed, the U.S.-centered corporatocracy has desperately been trying to maintain the illusion of growth, or at the least the illusion that the current contraction is sure to end and things will return to normal. But as unemployment claims in the U.S. have continued to rise, and factors like the cold war with China have thrown the NATO countries into further economic chaos, it’s become clear that the stock market has been overly optimistic about a coming recovery. Market Watch wrote last month that “The rebound will be much more gradual than the V-shaped pattern investors are betting on.”

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Capitalism is the Real Disease, by Finian Cunningham + Richard Wolff: COVID-19 and the End of Capitalism

Communist Vegans - Covid-19 Exposes Capitalism

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by Finian Cunningham
Writer, Dandelion Salad
Ireland
Crossposted from Sputnik, Sept. 25, 2020
September 27, 2020

It’s hard not to agree with American professor Richard Wolff when he says the real disease facing the world is not Covid-19 but rather the failed economics of capitalism.

Wolff’s analysis is more cogent than ever.

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Chris Hedges: American Empire Collapse: It’s About To Get Much Worse

CAPiTALiSM KiLLS

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Dandelion Salad

with Chris Hedges

act.tv on Sep 21, 2020

Julianna welcomes back Pulitzer Prize-winning journalist and best-selling author, Chris Hedges, to discuss how in his current book, America: The Farewell Tour. Hedges takes a close look at the array of pathologies that have arisen out of a profound malaise of hopelessness as the society disintegrates due to the “slow moving [corporate] Coup d’état” instituted by the ruling classes in the ’70s in reaction to the activist movements and reforms of the ’60s. And how this disintegration has resulted in an epidemic of diseases, despair, and a civil society that has ceased to function.

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How a Pandemic is Destroying the West, by Michael Hudson

Where's my bailout?

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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

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

Vampire Squid

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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

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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

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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

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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

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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

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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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