Category: Capitalism

Gangster Capitalism

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23 August 2019 — True Publica

Privatisation – The ultimate insult as victims deceived by police service

By Robert Woodward – TruePublica: There are some standout failures of the privatisation model in Britain that was sold to the public as some sort panacea to all the failings of state-owned assets. Since 2010, more state-owned assets have been sold since the 1930s – where £1trillion of national wealth has been handed over to private entities often with disastrous results. The latest is just another a poke in the eye for the ever beleaguered taxpayer with those causing chaos laughing all the way to the bank.

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Suddenly West is Failing to Overthrow “Regimes” By Andre Vltchek

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22 August 2019 — New Eastern Outlook

It used to be done regularly and it worked: The West identified a country as its enemy, unleashed its professional propaganda against it, then administered a series of sanctions, starving and murdering children, the elderly and other vulnerable groups. If the country did not collapse within months or just couple of years, the bombing would begin. And the nation, totally shaken, in pain, and in disarray, would collapse like a house of cards, once the first NATO boots hit its ground.

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Recessions, monetary easing and fiscal stimulus

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19 August 2019 — Michael Roberts Blog

As the stock markets of the world gyrate up and down like a yo-yo, all talk in the financial media is on whether a new global recession is coming and when.  The financial pundits search for economic or financial indicators that might guide them to tell.  The favourite one is the ‘inverted bond yield curve’.  This is the difference in the annual interest rate that you get if you buy a government bond that has a ten-year life (the maturity before you get your money repaid) and the interest rate for buying either a three-month or two-year bond.

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Offering Choice but Delivering Tyranny: The Corporate Capture of Agriculture by Colin Todhunter

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19 August 2019 — Counter Currents

Many lobbyists talk a lot about critics of genetic engineering technology denying choice to farmers. They say that farmers should have access to a range of tools and technologies to maximise choice and options. At the same time, somewhat ironically, they decry organic agriculture and proven agroecological approaches, presumably because these practices have no need for the proprietary inputs of the global agrochemical/agritech corporations they are in bed with. And presumably because agroecology represents liberation from the tyranny of these profiteering, environment-damaging global conglomerates.

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Ecosocialist Bookshelf, August 2019

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17 August 2019 — Climate & Capitalism

Reading matters

New books for reds and greens. How the Richest Drive Climate Change; Planning from Below; The Scottish Clearances; Slime; Here Comes the Sun; Eco-Socialism and Practical Utopias

Climate & Capitalism can’t review every book we receive, but this column lists and links to those that seem relevant to our mission, along with brief descriptions. Titles described here may be reviewed in future. Inclusion does not imply endorsement, or that we agree with everything (or even anything!) these books say.

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Nearly five million people in the UK live in “deep poverty” By Dennis Moore

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17 August 2019 — WSWS

A study by the Social Metrics Commission (SMC) finds that more than 4 million people in the UK are mired in “deep poverty,” with an income at least 50 percent below the official poverty line. Many families in this bracket struggle to pay for the most basic essentials.

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Dominic Cummings and the Downing Street Plan of chaos

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17 August 2019 — True Publica

The madman in Downing Street

By TruePublica: The man behind shaping Boris Johnson’s premiership, the architect of Vote Leave, Brexit and the U.K.’s future in the world also wants radical change in the way Britain is run and to rebuild world politics. This vision includes seeing the destruction of the European Union, the biggest trading bloc in the world and the United Nations – designed to uphold world peace as a political opportunity. Dominic Cummings is lauded as the genius who is upsetting the establishment, but the truth is, he’s a dangerous techno-theorist whose deluded mistakes will take much more than a generation to fix.

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Warnings ancient and modern by Victor Grossman

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14 August 2019 — MROnline

Berlin Bulletin by Victor Grossman

Sorry, readers, this update is again longer than planned, and not at all jolly. I hope the next Berlin Bulletin will be pleasanter. And again I want to mention that my book A Socialist Defector: From Harvard to Karl-Marx-Allee with descriptions, reflections, conclusions, plus many anecdotes and some jokes, is now available.

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UK government is pushing ahead with extreme US trade deal

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13 August 2019 — True Publica

UK government is pushing ahead with extreme US trade deal with no mandate

By TruePublica: Currently, Britain has a Prime Minister who was elected not by the public, but by around 90,000 Conservative party members. With a majority in the House of Commons of just one seat, without any real political mandate, Britain is being pushed towards a hard Brexit. In little more than 80 days – it is predicted British business will need a bail-out fund to help them survive, the economy will fall straight into recession (described by the BoE as an ‘economic shock‘), jobs will be lost and a constitutional and political crisis will see the beginnings of the eventual end of the union.

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The World Is Uniting For International Law, Against US Empire

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12 August 2019 — Counter Currents

Co-Written by Kevin Zeese and Margaret Flower

“We oppose the extraterritorial application of unilateral measures.“

That is not Cuba, Nicaragua, Iran, Russia, or China talking about the most recent unilateral coercive measures imposed by the United States against Venezuela, i.e. economic sanctions that have become an economic blockade, but the European Union. Even allies who have embarrassed themselves by recognizing the phony “interim president” Juan Guaido are saying the US has gone too far.

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