“As Marxists, we understand that it is the material conditions that create our reality. It is the material conditions, the objective material conditions in which we understand, we analyze and that is where we go forward to create strategies and tactics to change society and to understand society.” — Will Griffin
Since the beginning of colonialism, there’s existed a category of middle class people who’ve shared certain economic and social interests with the capitalist class. These interests consist of the wealth, security, and opportunities that one receives while benefiting from imperialism. And since these benefits are shared both by the property-owning class, much of the working class, and even some of the poor within the core imperialist countries, the rich have been able to keep most of the people in these countries opposed to socialist revolution.
The global economic crash that we’ve entered into is going to be more disastrous for capitalism than was the case for the Great Depression. This is because now, the system has no way to stabilize itself amid the widespread impoverishment and loss of profits that will ensue. After the Great Depression, the United States and the other core imperialist countries moved towards welfare statism, neutralizing the class conflict that had been arising amid the crisis. But no such fix will come during this even greater shock to the system.
When the World Health Organization announced on February 24th that it was time to prepare for a global pandemic, the stock market plummeted. Over the following week, the Dow Jones Industrial Average dropped by more than 3,500 points or over 10%. In an attempt to contain the damage, on March 3rd the Federal Reserve slashed the fed funds rate from 1.5% to 1.0%, in their first emergency rate move and biggest one-time cut since the 2008 financial crisis. But rather than reassuring investors, the move fueled another panic sell-off.
with Chris Hedges
RT America on Mar 10, 2020
Pulitzer-winning author and host of “On Contact” Chris Hedges joins Rick Sanchez to discuss the influence of lobbyists on establishment media in their coverage of politics and that donors, bankers and billionaires have on the US political process. He argues that the corporate elite sees Sen. Bernie Sanders (I-Vermont) is a much greater threat to corporate power than President Trump, which is why they are uniting so stridently behind former Vice President Joe Biden in the Democratic presidential primary.
with Richard D. Wolff
RT America on Mar 9, 2020
Economist and founder of Democracy at Work Dr. Richard Wolff and broadcasting legend Larry King join Rick Sanchez to weigh in on Wall Street’s terrifying Monday plunge, the worst since 2008. They explain the link between oil exploration and extraction and the debt that fuels it. They also discuss the role of the coronavirus outbreak in the economic crisis and its likely influence on US politics.
Haruki Murakami said that “Everyone, deep in their hearts, is waiting for the end of the world to come.” It’s with this self-awareness of my attraction to the apocalypse that I confront the converging crises of our era. These crises point towards an outcome that’s not as dire as the literal end of the world, but that still conjures the sense of fascinated suspense which Murakami described.
“To leave error unrefuted is to encourage intellectual immorality.” — Karl Marx
“Two things are infinite: the universe and human stupidity; and I am not sure about the universe.” — Albert Einstein
When liberal politicians like Elizabeth Warren and Bernie Sanders say that we can solve inequality by taxing the rich, they’re trying to make it seem like the relationship between the bourgeoisie and the proletariat is a legislative dispute instead of a class war. They’re proposing that the interests of the ruling oligarchs can be reconciled with our interests, and that all this will take is a rearrangement of the tax system.
The Democrats’ Quandary
To hear the candidates debate, you would think that their fight was over who could best beat Trump. But when Trump’s billionaire twin Mike Bloomberg throws a quarter-billion dollars into an ad campaign to bypass the candidates actually running for votes in Iowa, New Hampshire and Nevada, it’s obvious that what really is at issue is the future of the Democrat Party. Bloomberg is banking on a brokered convention held by the Democratic National Committee (DNC) in which money votes. (If “corporations are people,” so is money in today’s political world.)
There are two things I feel compelled to say about Mike Bloomberg and his candidacy.
Thing One: Thank you, Mike!
In a few weeks, Mike Bloomberg—along with the Democratic Party and its allied media—has demonstrated the reality of class rule more clearly than reams of Marxist analysis could.
Five years ago, an investigation from InsideClimate News confirmed what one might have intuitively suspected: that the leaders of Exxon Mobil were well aware of the science of global warming before it became a public issue. The investigation showed that as far back as the 1970s, Exxon had engaged in research that determined carbon dioxide was heating up the planet, corroborating observations about the effects of fossil fuels on the climate that scientists had been making since the 1890s.
Updated: Feb. 28, 2020
When you compare socialist countries like China, Cuba, Vietnam, and the DPRK with neoliberal countries like the United States and Britain, a particular factor stands out in how their developments have differed: the socialist countries have vastly more social cohesion than their counterparts do. By this, I mean they have a lack of serious political polarization and a relatively small amount of ethnic or class divides. In these countries, most people think favorably of the governing parties, racial and religious violence aren’t sanctioned by the state, and strong social safety nets and firm checks on private business keep inequality from becoming too pronounced. These places aren’t perfect, but they lack the deep rottenness that pervades neoliberal societies.