When I first reported on child poverty in Britain, I was struck by the faces of children I spoke to, especially the eyes. They were different: watchful, fearful.
Why is the global capitalist class refusing to give up neoliberalism, even as neoliberalism creates growing dissension among the lower classes and rising risk of proletarian revolution? Because in a paradigm where profits have overall been declining since the 1970s, neoliberalism serves as the way for the rich to push the costs of capitalism’s crises onto the backs of the poor. Neoliberalism was implemented because the 20th century model of social welfare states had become incompatible with the capitalist goal of endless growth.
goingundergroundRT on Oct 26, 2020
We speak to William Robinson, author of The Global Police State. He discusses how capitalism’s crises have fuelled the rise of the global police state, the drastic inequality and poverty that has become a theme of modern capitalism which necessitates the global police state, whether there is class warfare on the poor, the growing industry of militarism and oppression and much more!
In 1937, the storyteller H.P. Lovecraft wrote this about the direction that capitalism was taking:
“Capitalism is dying from internal as well as external causes, and its own leaders and beneficiaries are less and less able to kid themselves…The only avenue of survival for plutocracy is a military and emotional fascism whereby millions of persons will be withdrawn from the industrial arena and placed on a dole or in concentration camps with high sounding patriotic names. That or socialism—take your choice. In the long run it won’t be the New Deal but the mere facts of existence which will be recognized as the real and inevitable slayer of Hooverism.”
RT on Oct 7, 2020
It remains unclear who will be the occupant of the White House next January. What can be easily predicted is the state of the economy for tens of millions of citizens. It appears what is called a K-shaped recovery is permanently dividing the country into the haves and have-nots. And this seems to be acceptable for those who are the haves!
The world’s 85 richest individuals possess as much wealth as the 3.5 billion souls who compose the poorer half of the world’s population, or so it was announced in a report by Oxfam International. The assertion sounds implausible to me. I think the 85 richest individuals, who together are worth many hundreds of billions of dollars, must have far more wealth than the poorest half of our global population.
Socialist Project – Left Streamed
August 23, 2020
This film is very much not a utopian vision of the future. In fact, the very different strategies of utopian and materialist thinking for imagining the future are discussed in the first part of the film. Instead of a utopia, the film presents a wide variety of issues, suffering and problems experienced by people, whose common source is the capitalist system itself. It then presents a vision of how things could be very different in each case, without the systemic priorities of the world capitalist system. This gives us a very different viewpoint upon ecology, technology and human flourishing.
“It would be naive to depend on the Supreme Court to defend the rights of poor people, women, people of color, dissenters of all kinds. Those rights only come alive when citizens organize, protest, demonstrate, strike, boycott, rebel, and violate the law in order to uphold justice.” — Howard Zinn
If the capitalist ruling class get their way, the revolts that the U.S. and the other parts of the neoliberal world have been experiencing this last year will be only a blip in the march towards corporate domination. Their goal is to use militarism—both within the imperial core’s borders and abroad—to indefinitely keep the power structure reinforced.
with Chris Hedges
The Democracy At Work on Aug 31, 2020
On this week’s Economic Update, Prof. Wolff discusses the following: Denmark’s new taxes on banks and rich people to help workers doing dangerous jobs; West Virginia AG sues Walmart and CVS for complicity in opioid scandal; and US State Department urges universities to sell shares in Chinese corporations. On the second half of the show, Prof. Wolff interviews author and journalist Chris Hedges on signs of the declining US empire.
Within moments of Joe Biden announcing Kamala Harris as his running mate, the Trump campaign and the American right-wing propaganda machine began portraying the California senator as a “far-left radical” of the “Marxist” variety.
Consumerism, and the capitalist mentality more broadly, are equivalent to nihilism. They strip the human experience of meaning beyond what serves the market. When a culture revolves around this monetary and commercialist view of the world, it ceases to bring true fulfillment.
The high-tech sector, along with the U.S. national security state that it partners with, have lately been pushing the idea of upgrading society into a futuristic technological structure that makes life far more convenient. Last year the National Security Commission on Artificial Intelligence, an organization created in 2018 to further the partnership between U.S. intelligence agencies and tech plutocrats, articulated this vision in a document. It called for a near future where the country’s “legacy systems” are replaced with a new paradigm of infrastructure, one that allows for self-driving cars, total home delivery in alternative to retail, and home appliances that can connect to an “internet of things.”
Latin America has surpassed more than 5 million Covid-19 cases to overtake North America, with 4.8 million Covid-19 cases, as the region worst-hit by the Coronavirus pandemic. This astronomic increase in Covid-19 cases has been accompanied by a corresponding economic catastrophe of great magnitude. According to a United Nations Policy Brief entitled “The Impact of COVID-19 on Latin America and the Caribbean”, “Parts of Latin America and the Caribbean have become hotspots of the coronavirus (COVID19) pandemic, exacerbated by weak social protection, fragmented health systems and profound inequalities. COVID-19 will result in the worst recession in the region in a century, causing a 9.1% contraction in regional GDP in 2020…This could push the number of poor up by 45 million (to a total of 230 million) and the number of extremely poor by 28 million (to 96 million in total), putting them at risk of undernutrition.” The Policy Brief further states that “The sharp drop in economic activity is expected to lift the unemployment rate from 8.1% in 2019 to 13.5% in 2020. The poverty rate is expected to rise by 7.0 percentage points in 2020, to 37.2%, while extreme poverty is expected to rise by 4.5 percentage points, from 11.0% to 15.5%, which represents an increase of 28 million people.”
Consider the scenario presented by the TV series Mr. Robot, wherein a group of hackers aims to take down the giant conglomerate E Corp-known by the head hacker Elliot Alderson as Evil Corp. To put an end to Evil Corp’s hegemonic control over finance, the hackers sabotage its ability to keep count of how much debt people owe it. When the first big digital attack happens in the show’s universe in 2015, Evil Corp is struggling, hundreds of billions of dollars have been lost, the public is protesting Evil Corp over its failures to provide for society’s needs, and the capitalist world is falling into a depression.