An underlying premise throughout our analysis is that imperialist divisions within the world remain and are even deepening, enforcing wide disparities in living conditions. Still, in the age of global monopoly-finance capital working people everywhere are increasingly suffering—a phenomenon that Michael Yates has referred to as “The Great Inequality.”77 Entrenched and expanding monopolies of...
We’re really regressing back to the dark ages. It’s not a joke. And if that’s happening in the most powerful, richest country in history, then this catastrophe isn’t going to be averted — and in a generation or two, everything else we’re talking about won’t matter. Something has to be done about it very...
… “I am not here to cheer you up. The situation is about as serious and difficult as I’ve experienced in my career,” Soros tells Newsweek. “We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world,...
Coalition of Resistance– The people of Greece face an unprecedented economic and political crisis. They are being driven to poverty and mass unemployment by the demands of the so-called Troika – the European Union, the European Central Bank (ECB) and the International Monetary Fund, which has imposed Lucas Papademos, former vice-president of the ECB,...
… The Houses of Morgan, Goldman and the other Big Five are justifiably worried right now, because an “event of default” declared on European sovereign debt could jeopardize their $32 trillion derivatives scheme. According to Rudy Avizius in an article on The Market Oracle (UK) on February 15th, that explains what happened at MF...
… Marx communism was not to be the goal for ethical reasons; rather, Marx viewed the transition from capitalism to socialism as being justified on historical grounds — with full communism being the end of humanity’s historical progression leading into history proper. … For Marx, the crux of capitalism’s doom is a concept known...
From Kapitalism101: In late January of 2012 I interviewed Andrew Kliman about his new book on the economic crisis, “The Failure of Capitalist Production.” I am still working on getting a good method of recording Skype interviews so the audio is a bit scratchy, but still useable. It’s a great interview, full of insights...
Three times as many people have a positive view of socialism than have a positive view of Congress. According to a CBS/New York Times poll released last month, 33 percent of Americans view socialism positively. http://abcnews.go.com/Politics/socialism-paris-hilton-popular-congress/story?id=15542237#2
* The median weekly income of a male unionist – all eight million of them – was $982 last year. That’s 18 percent above the 2011 median for all male workers ($832). That’s one hundred and fifty bucks extra per week in your pocket, 52 weeks a year. It’s also 23 percent above the...
We await a modern Marx who can shake up the Left just as surely as the Right with a trenchant critique of the current economic orthodoxy and a game plan for transformation. The Left, after all, has long been committed to a similarly unrestrained growth paradigm, from the industrial model of communism to the...
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Arguments For Socialism
Albert Einstein: Why Socialism?