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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How A Universal Basic Income Will Work, by Ellen Brown

Where's my bailout?

Image by John Nakamura Remy via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog, Apr. 19, 2020
April 20, 2020

A central bank-financed UBI can fill the debt gap, providing a vital safety net while preventing cyclical recessions.

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Coronavirus Pandemic, Economic and Political Crises, and Revolutionary Situations by Fazal Rahman, Ph.D.

Islands Brygge, Copenhagen (1998)

Image by Hunter Desportes via Flickr

by Fazal Rahman, Ph.D.
Writer, Dandelion Salad
Originally published on imperialismandthethirdworld, Apr. 7, 2020
April 8, 2020

The novel Coronavirus (COVID-19) is devastating the lives, cultures, mass psychologies, and economies of countries around the world. Here, I will not reproduce the damages it has inflicted in various countries. The news media are overflowing with such information. In this article, I will briefly outline the developing politico-economic effects, crises, and consequences of this pandemic.

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US Gunning for Trouble, by Finian Cunningham + Caleb Maupin: New Great Depression in USA?

US Gunning for Trouble, by Finian Cunningham + Caleb Maupin: New Great Depression in USA?

Screenshot by Dandelion Salad via Flickr
Watch the video below

by Finian Cunningham
Writer, Dandelion Salad
East Africa
Crossposted from Sputnik, Apr. 6, 2020
April 7, 2020

The spectre of the coronavirus pandemic in the US has darkened decidedly, with President Trump warning of a harrowing next few weeks from a surging disease death toll. Into the malevolent mix are reports of American citizens buying up firearms as if there is no tomorrow.

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Did Congress Just Nationalize The Federal Reserve? No. But… by Ellen Brown

Capitalism Is Crisis

Image by Steffi Reichert via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog, Apr. 3, 2020
April 4, 2020

Did Congress just nationalize the Fed? No. But the door to that result has been cracked open.

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Michael Parenti: Welfare for the Wealthy

Uncle Sam Santa Claus brings gifts of corporate welfare

Image by DonkeyHotey via Flickr

with Michael Parenti
Writer, Dandelion Salad
Originally posted Nov. 27, 2011

“And they launch military spending programs that have transformed the United States into a permanent war economy. Rather than a laissez-faire government that does little, we have a corporate state that plays an increasingly active role in sustaining the process of capital accumulation for big corporations.” — Michael Parenti

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Chris Hedges: The Priorities Are To Bail Out Large Corporations + Hedges on Coronavirus, Climate and What Next?

Rent Strike Banner at the March for Europe - Whitehall, London - 2 July 2016.

Image by Alisdare Hickson via Flickr

Dandelion Salad

with Chris Hedges

RT America on Mar 27, 2020

The economic impact of the coronavirus has resulted in 3.3 million Americans signing up for unemployment benefits last week alone. Several states have responded by placing moratoriums on evictions and utility shutoffs. But some tenants say that this is not enough and are calling for a state-wide rent strike. Pulitzer-winning journalist and “On Contact” host Chris Hedges weighs in.

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Jack Rasmus: The Bailout For Workers Needs To Be As Big As The Bailout For Banks + Richard Wolff: Fate of the Global Economy

CAPiTALiSM KiLLS

Image by Metro Centric via Flickr

Dandelion Salad

TheRealNews on Mar 24, 2020

What relief will American workers get after the government poured $2.2 trillion into banks and businesses? Economist Dr. Jack Rasmus explains why the bailout for workers needs to be as big as the bailout for banks.

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If Neoliberalism Is Crumbling, What Will Follow? by Pete Dolack

Make Capitalism History - Politics For A Real Change *

Image by Wolfgang Sterneck via Flickr

by Pete Dolack
Writer, Dandelion Salad
Systemic Disorder, Mar. 18, 2020
March 23, 2020

The biggest problem with the future is that you can’t know what it will be. When Ronald Reagan was elected United States president in 1980, we did not at the time realize a new era of capitalism had begun; that the ascension of Reagan in the U.S. and Margaret Thatcher in Britain a year earlier definitively brought the end of the Keynesian period. Less than a decade earlier Richard Nixon had said, “We’re all Keynesians now.”

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