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.
Trump’s series of threats this week was a one-two punch. First, he threatened to impose national security tariffs on steel and aluminum, primarily against Canada and Mexico (along with Korea and Japan). Then, he suggested an alternative: He would exempt these countries IF they agree to certain U.S. demands.
https://democracynow.org – “Trade wars are good, and easy to win.” That’s the message President Trump tweeted on Friday, sending shockwaves across the globe and sparking fear of impending economic volatility. On Thursday, world stock markets tumbled after Trump announced he plans to impose new tariffs on imports of foreign steel and aluminum.
“One Belt, One Road,” China’s $1 trillion infrastructure initiative, is a massive undertaking of highways, pipelines, transmission lines, ports, power stations, fiber optics, and railroads connecting China to Central Asia, Europe and Africa. According to Dan Slane, a former advisor in President Trump’s transition team, “It is the largest infrastructure project initiated by one nation in the history of the world and is designed to enable China to become the dominant economic power in the world.” In a January 29th article titled “Trump’s Plan a Recipe for Failure, Former Infrastructure Advisor Says,” he added, “If we don’t get our act together very soon, we should all be brushing up on our Mandarin.”
Caleb Maupin is a widely acclaimed speaker, writer, journalist, and political analyst. He has traveled extensively in the Middle East and in Latin America. He was involved with the Occupy Wall Street movement from its early planning stages, and has been involved many struggles for social justice. He is an outspoken advocate of international friendship and cooperation, as well 21st Century Socialism.
Fifteen years after he helped write the Colin Powell speech that made the false case for war on Iraq, Col. Lawrence Wilkerson says Trump is following a similar path on Iran — with the main difference being that the outcome now could “be significantly worse.”
Some years ago an amusing satirical article in the Buenos Aires leftwing daily, Pagina 12, made me want to cry. In five thousand words the Argentinean journalist José Pablo Feinmann, ridiculed, among other things, the whole concept of the great wall the U.S. Bush government projected along the border with Mexico.
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.
With all eyes on the nuclear standoff with North Korea, what is the over-arching agenda in play behind the politics of crisis? Tyrel Ventura sits down with documentary filmmaker and journalist John Pilger to learn more about the unfolding behind-the-scenes power play, and to discuss his latest documentary, “The Coming War on China.”
Investigative journalist and documentary filmmaker John Pilger tells RT America that US is to blame for putting the world on the brink of nuclear war. The rest of the world is mostly alarmed by the US, not North Korea. Sanctions will never work in deescalating the situation, he adds.
North Korea is open to reasonable negotiations. The United States, as embodied in the buffoon whom we have allowed to hold more power than any royal monarch has ever known, would prefer Armageddon to reasonable negotiations.
Let’s put some context into North Korea’s decision to keep on testing missiles in the face of U.S. threats.
First, the DPRK felt provoked by South Korea’s decision to further deploy THAAD, reported on August 20, 2017 in China’s Xinhua news article, “DPRK slams ROK’s decision to deploy additional THAAD launch pads.” From Pyongyang, “The Democratic People’s Republic of Korea (DPRK) on Sunday slammed the Republic of Korea’s decision to deploy four additional launch pads of the Terminal High Altitude Areas Defense (THAAD) system under alleged threat from DPRK missiles.”