Capitalism
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Fascism is capitalism in crisis:
On May 3, the Struggle for Socialism Party Los Angeles branch discussed the new book, “Against fascism: reclaiming populism’s legacy for today’s class struggle, compiled by Louisiana socialist Gregory Williams. Following is the opening presentation for the class series. Continue reading
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Western elites who want to play God with the Sun – who are they? 🌞
The UK government has unveiled a £50M ($66.6M) scheme to ‘fight climate change’ via experiments dimming the Sun, from the release of reflective substances mimicking natural aerosols to the use of seawater sprays to ‘brighten clouds’, increasing their reflectivity. Continue reading
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Everything Going To Plan For The British Oligachy
I wrote earlier about the role of the oligarch funded AfD, founded by neoliberal economists and now lead by the grand-daughter of a Hitler-appointed judge and acolyte of a neoliberal economist, as a party being kept in the wings in case oligarch rule through social democracy breaks down. With the CDU/CSU government immediately after its… Continue reading
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Fascism – Capitalism’s last resort
Sunday, 4 May 2025 — in Defence of Marxism What is fascism, how do we fight it, and is it a threat today? In this episode of the Spectre of Communism podcast, we discuss the history of fascism’s rise to power in the 1930s, to learn the lessons for our movement. The history of fascism:… Continue reading
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ANALYSING TRUMP’S FIRST BLUNDRED DAYS.
The posturing continues and the lies abound, but the confidence is shrinking and the reputation faltering. That sums up President Trump’s first 100 days in office. Only pain no gain. A storm is brewing. Continue reading
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The Ghost in the Machine. Artificial Intelligence and the Spectral Ontology of Value
Last February, I publicly questioned the existence of Jianwei Xun, an author who published a best-selling, critically acclaimed book titled Hypnocracy: Trump, Musk and the New Architecture of Reality. On his website and on academia.org — the original version of his profile can now be found only on Internet Archive — he claimed to be… Continue reading
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WHO IS WINNING THE TARIFF WAR, CHINA OR THE USA?
There is beginning to be sufficient evidence to draw tentative estimates of who is winning the war. This article examines the initial results. The real difficulty lies with Trump himself because he changes his positions virtually daily making commenting on developments awkward. Continue reading
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Trump’s tariffs hurt the US much more than China – Economist Michael Hudson explains
Donald Trump’s tariffs benefit rich elites at the expense of the majority, argues economist Michael Hudson. He explains how the trade war on China is isolating the US, while encouraging alternatives. Continue reading
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The Curse of Private Equity & The PE Mindset
The Private Equity (PE) BS shtick is that private equity investors and managers will be driven to find greater efficiencies, and deliver better services and develop better products due to the pressure of the massive amount of debt taken on to purchase a target company. This ignores the fact that the debt is taken on… Continue reading
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The global communist resurgence, capital’s great crackdown, & the era of civil wars that we’ll need to navigate
We are in the transitional stage between when the USA started off its own demise, and when the global working class has won its final victory. Washington was the true loser of the Cold War; its self-destructive imperial schemes guaranteed that the U.S. would keep losing influence, and that communism would keep rising. Continue reading
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Oligarchy and the subversion of democracy–warnings from South Africa
The world has an oligarchy problem. It threatens economic and social stability and accelerates planetary environmental destruction and global warming. While much has been written about Russian oligarchs, it has become clear that the West, particularly the U.S., has a similar and growing oligarchy problem. Thom Hartmann writes how ” The American Oligarchs Have Arrived… Continue reading
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IT’S THE BOND MARKET STUPID. TRUMP MEETS HIS MAKER
This is the final article for what was one of the most eventful weeks in the financial markets since the onset of the pandemic. At least then it was known the virus could kill, now nothing is known about what the Trump virus is up to. Trump has a proud record. Of the last ten… Continue reading
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Rearmament: The Charade and the Game of Chicken
To understand the reasons for the charade that played out in the Oval Office of the White House on February 28, it is advisable to look at what happened in Germany just a few hours later: Friedrich Merz, chancellor-in-waiting and a former BlackRock executive, announced a $900 billion package – twice Germany’s annual federal budget… Continue reading
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Trump’s slump
Today, President Donald Trump implemented his new range of tariffs on US imports called reciprocal tariffs. In addition to those announced last Wednesday (Liberation day), Trump included an extra levy on Chinese imports in retaliation to China’s decision to impose a 34% tariff on US imports, which in turn was a retaliation against Trump’s 34%… Continue reading
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Worst Case Scenario: Trump’s Tariffs Walling US Off Ahead of Wider World Conflict
With the rollout of sweeping US tariffs aimed at nations worldwide, economists and geopolitical analysts alike are astounded by what at face value looks like irrational self-sabotage attributed to incompetence within the White House. Continue reading
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American tariffs and the return to ‘fair trade’
US President Trump has referred frequently to “fair trade” instead of “free trade”, and tariffs have become his preferred economic instrument to elevate the US in the international economy. What is the economic history behind these ideas and are they likely to succeed? Continue reading
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SUPPLEMENTARY REMARKS AS THURSDAY’S MARKET ROUT EXTENDS INTO FRIDAY
Friday, 4 April 2025 — ucanbpolitical The rout in the markets continued on Friday. One cause was China’s retaliation including slapping 34% retaliatory tariffs on US goods. It’s something I pointed to in my preceding article under the heading; the three conditions needed to precipitate an actual Crash. Whether countries rebuff the US or capitulate… Continue reading
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Trump’s tariffs – some facts and consequences (from various sources)
The overall impact of Trump’s tariff hikes is to raise the average tariff rate on US goods imports to 26%, the highest level in 130 years. Continue reading
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Decline of Economy and Empire
I had a conversation with Professor of Economics Richard Wolff, a renowned critic of contemporary capitalism and a leading proponent of alternative economic models. We discussed the economic exhaustion and imperial overstretch by the US, which has now reached a critical point. The US has accumulated unsustainable debt and has excessive economic inequality, which has… Continue reading
The New Dark Age 