LeftStreamed on Dec 1, 2018
Warehouse Labour in the Digital Economy
“Your prayers and hymns, your sermons and thanksgivings… are… a thin veil to cover up crimes which would disgrace a nation of savages. There is not a nation on the earth guilty of practices more shocking and bloody than are the people of these United States, at this very hour.” – Frederick Douglass, July 4th, 1852
“Ordinary acts of capitalism are criminal in nature. Deliberately pouring mercury into indigenous peoples’ water basins, for decades, consciously poisoning people with asbestos mining and processing, and putting ignitions in cars leaving them knowing their switch often people get killed.” — Harry Glasbeek
with Chris Hedges
RT America on Nov 10, 2018
David Harvey, Distinguished Professor of anthropology and geography at City University of New York and author of A Brief History of Neoliberalism argues with Chris Hedges that Neoliberalism, the manta of the global corporate elites, has created the worst income inequality in American history.
Previously posted July 5, 2008
With John Pilger
‘The New Rulers Of The World (2001) analyses the new global economy and reveals that the divisions between the rich and poor have never been greater – two thirds of the world’s children live in poverty – and the gulf is widening like never before.
TheRealNews on Oct 31, 2018
The student debt problem is exploding, growing three times as fast as any other kind of debt, yet the Trump administration is making it more difficult for students to seek debt relief. Ellen Brown of the Public Banking Institute outlines the implications.
The New York Times screamed its headline — “In 1997, Apple was 90 Days from Going Broke. On Thursday [Aug. 2, 2018], it became the first publicly traded American company to be valued at… $1,000,000,000,000.” The first trillion dollar company!
This year marks the 70th anniversary of the Universal Declaration of Human Rights. Signed by the United States and adopted by the United Nations General Assembly on Dec. 10, 1948, the document was a great and shining step forward in the articulation of how human beings might organize their social and political systems in accord with democratic and civilized ideals.
“When a man is placed in a position where he is compelled to give the benefit of his labor to another, he is in a condition of slavery, whether the slave is held in chattel bondage or in wages bondage, he is equally a slave.” — Quentin Skinner
This is the second in a two-part article on the debt burden America’s students face. Read Part 1 here.
The lending business is heavily stacked against student borrowers. Bigger players can borrow for almost nothing, and if their investments don’t work out, they can put their corporate shells through bankruptcy and walk away. Not so with students. Their loan rates are high and if they cannot pay, their debts are not normally dischargeable in bankruptcy. Rather, the debts compound and can dog them for life, compromising not only their own futures but the economy itself.
Higher education has been financialized, transformed from a public service into a lucrative cash cow for private investors.
The advantages of slavery by debt over “chattel” slavery – ownership of humans as a property right – were set out in an infamous document called the Hazard Circular, reportedly circulated by British banking interests among their American banking counterparts during the American Civil War. It read in part:
Chapter 6 from A People’s History of the United States.
It is possible, reading standard histories, to forget half the population of the country. The explorers were men, the landholders and merchants men, the political leaders men, the military figures men. The very invisibility of women, the overlooking of women, is a sign of their submerged status.