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.
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.
So President Trump, the self-declared business genius, wants to cut off the whole relationship with China and “save America $500 billion a year”. That’s what he told Fox News this week in an interview referring to the US trade deficit with China. The fault of the chronic US trade deficit with China (and much of the world), like that of the Covid-19 crisis in America, is classic 3-D Trump: dissembling, distracting and dealing in guilt-projection.
As the pandemic spread across the world, unprecedented lockdowns followed. Now, as many of those countries are in the early weeks of lifting restrictions, we see signs of what may be the start of the second wave of the COVID-19 pandemic. And we cannot rule out a second wave of lockdowns.
We don’t know what the long-term damage is of coronavirus in those who recover. We don’t know who will die among those who catch it. We do know that we each have a responsibility to avoid catching it and avoid spreading it. Here are some ways to do that.
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:
“Well also within the working-class, Marx talked about you have the lumpenproletariat and what the lumpenproletariat is, is people that are part of the working class but they’re never really allowed to be part of the working class. Their income comes from criminal activities mostly. They’re barely employed, they’re barely surviving, they’re desperately poor and they’re just completely locked out.” — Caleb Maupin
with Chris Hedges
RT America on May 9, 2020
On the show this week, Chris Hedges talks to Matthew Hoh, former U.S. Marine Company Commander, about the high rates of veteran suicides. Hoh served two tours in Iraq as a Marine and with the State Department. He resigned his position as a State Department political officer in Afghanistan in 2009 in protest over the Obama Administration’s escalation of the war.
Official White House denials of involvement in a coup plot against Venezuela are in themselves worth nothing but contempt. With Washington’s decades-long record of blood-soaked dirty tricks in Latin America, inciting armed coups and aggression is what we should expect.
with Chris Hedges
acTVism Munich on May 5, 2020
In this interview with Pulitzer Prize-winning journalist and New York Times best-selling author Chris Hedges, we discuss his past work as a foreign correspondent with the New York Times and why he chose to quit. In addition, we compare Donald Trump and Joe Biden in the context of domestic and foreign policy with a focus on Europe. Lastly we explore the importance of economic policy solutions, activism and independent media in this day and age.