It’s a little-acknowledged reality that housing markets distribute more than mere dwellings. That’s because people’s place in the social order is intimately related to their geographic location generally, and where they live specifically.
with Chris Hedges
RT America on Nov 17, 2018
In the second part of his interview with Chris Hedges, CUNY Professor David Harvey, author of A Brief History of Neoliberalism argues Neoliberalism as an economic policy works not by generating wealth but redistributing wealth by “accumulation of dispossession.”
Updated: Sept. 19, 2018
Wall Street did not let the Lehman Brothers crisis go to waste. The banks that have paid the largest fines for financial fraud are now much bigger and more profitable. The victims of their junk mortgage loans are poorer, and the economy is facing debt deflation.
Why do they flee?
The current mass exodus of people from Central America to the United States, with the daily headline-grabbing stories of numerous children involuntarily separated from their parents, means it’s time to remind my readers once again of one of the primary causes of these periodic mass migrations.
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.
with Chris Hedges
RT America on Feb 11, 2018
Juan Gonzalez, author of Reclaiming Gotham: Bill de Blasio and the Movement to End America’s Tale of Two Cities, discusses the structural inequality of cities through class and racial policies formed by the US government.
An article written for the hundredth anniversary of the Russian Revolution, to be read in Beijing today.
Socialism a century ago seemed to be the wave of the future. There were various schools of socialism, but the common ideal was to guarantee support for basic needs, and for state ownership to free society from landlords, predatory banking and monopolies. In the West these hopes are now much further away than they seemed in 1917. Land and natural resources, basic infrastructure monopolies, health care and pensions have been increasingly privatized and financialized.
Consider the Grenfell Tower inferno as an expression of a new kind of class war, but not a class war as we have known it–between organised workers, political parties and capital–but between ordinary citizens and the local fiefdoms of the capitalist state as increasingly, big business has taken over the running of what’s left of our public and collective life, through ‘outsourcing’, public-private-partnerships and what have you, where making a profit is the bottom line, not serving the public.
TheRealNews on May 23, 2017
Economist Michael Hudson explains that even though housing prices are back up at 2008 levels homeownership is at a much lower level and banks have their loans guaranteed by the US government.