Capitalism
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The value in GDP
At the recent ASSA 2020 conference there was a session on whether Gross Domestic Product (GDP), the ubiquitous measure of national output, was adequate as a gauge of “well-being or social welfare”. Various proposals have been put forward for attempting to measure social welfare, including “dashboards” of economic and social indicators as well as approaches… Continue reading
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2020 is hot, and it’s going to get much hotter
(London: January 24, 2020) The year is less than four weeks old, but scientists already know that carbon dioxide emissions will continue to head upwards – as they have every year since measurements began – leading to a continuation of the Earth’s rising heat. And they warn that the rise will be steeper than usual, partly because… Continue reading
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One Hundred Years: The Proletariat In Search of A Class
The super-indoctrinated, Trump-voting American working class, dulled by the mass media and the “American dream”,has changed very little since the crushing of the great textile strikes that swept The United States in the 1920s. Not an iota of class-consciousness has it absorbed. (Nor has it been explained and offered to all wage earners in sufficient… Continue reading
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UK: Here Comes the Breakdown Decade
In the decade from 2010 to 2020, a period in which the Conservative government oversaw the Great Recession and managed the slowest recovery from any economic slump on record – it heaped misery on millions in the shape of a failed policy called austerity. Continue reading
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Putin Calls for a New System Guided by the UN Charter… But Is It Possible? By Matthew Ehret
Anyone looking with sober eyes upon today’s world and the feeble economic and geopolitical underpinnings holding the system together must accept the fact that a new system WILL be created. Continue reading
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Selected Articles: Focus on the Davos World Economic Forum (2017-2020)
23 January 2020 — Global Research Trump Parties in Davos While Ordinary Americans Struggle to Make Ends Meet By Stephen Lendman, January 23 2020 The annual Davos billionaire’s ball — aka World Economic Forum — continues until Friday. Countless millions of US households face unacceptable choices between paying rent or servicing mortgages, seeking high-cost medical care when needed,… Continue reading
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Review: “One World Digital Dictatorship” by Soren Korsgaard – Digital Nightmare
Danish writer Soren Korsgaard (editor of Crime & Power) has written a very long and detailed account entitled “One World Digital Dictatorship” that describes the accelerating movement by both Western-style democracies and one-party states (notably China) towards world-wide Digital Dictatorship (Digital Imprisonment) involving mass data collection on everyone, mass surveillance, facial recognition-based tracking, crypotocurrency-based cashless… Continue reading
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World’s Super Rich Meet in Davos to Discuss the Climate Change Problem they Created
Research has shown that the people most responsible for a warming planet were disproportionately the same people attending the summit and an increasing number of observers see climate change, inequality and capitalism as bound together. Continue reading
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Can GM crops really “feed the world”? Challenging the Flawed Premise Behind Pushing GMOs into Indian Agriculture
A common claim is that genetically modified organisms (GMOs) are essential to agriculture if we are to feed an ever-growing global population. Supporters of genetically engineered (GE) crops argue that by increasing productivity and yields, this technology will also help boost farmers’ incomes and lift many out of poverty. Continue reading
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Stakeholder capitalism in Davos
Stakeholder capitalism – that’s the way to ‘shape’ capitalism into something inclusive of all. That was the message of Klaus Schwab, the co-founder of the World Economics Forum (WEF), now in its 50th year with its annual jamboree in Davos, Switzerland. Continue reading
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A Certain Stage of Development
At a certain stage of development, the material productive forces of society come into conflict with the existing relations of production, or–this merely expresses the same thing in legal terms–with the property relations within the framework of which they have operated hitherto. From forms of development of the productive forces, these relations turn into their… Continue reading
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THE US ECONOMY IN 2019. “THROUGH THE LOOKING CLASS”
This article not only examines turnover in the US economy during Quarter 3, but, includes an analysis of the composition of funding making up circulating capital. For the first time the contributions made by internal funds (provided by profit) and external funds (provided by bank credits) can be analysed, because the turnover formula yields circulating… Continue reading
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Marx on British politics … and cab drivers
If you get nauseated by the perverse state of contemporary world politics and the slavish way in which mainstream media help to sustain the spectacle that is Donald Trump, Boris Johnson, Rodrigo Duterte or their local variants, here is the perfect antidote: read Marx’s journalistic articles for the New York Daily Tribune. Continue reading
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Minsky and socialism
Recently, the Levy Institute, the think-tank centre for post-Keynesian economics (and in particular the theories of Hyman Minsky, the radical Keynesian economist of the 1980s), published a short video that that shows Minsky explaining his theory of crises under capitalism in his own words at an event in Colombia, November 1987. It is a very… Continue reading
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The West Is Run by Barbarians By Peter Koenig
How much longer are we accepting the tyrannical dictate of the American rulers? It gets worse by the day – and it looks like the western world’s “leaders” (sic – so sic!) are caving in ever more to the American killing machine – the European Union – and all its members heads of state, and… Continue reading
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‘Corporate Social Responsibility’ is a hoax
CSR is a public relations framework that lets corporations greenwash their public images, pretending to change so that everything can remain the same Continue reading
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As Capitalism Collapses Into Totalitarianism, Socialist Revolution Looms On The Horizon
For the last generation, the United States and other capitalist countries have been on a steady trajectory towards despotism. With 9/11 and the resulting return to the Cold War’s atmosphere of perpetual conflict, a change appeared in the prevailing aims of the capitalist governments. Whereas capitalist societies generally assumed they could look forward to an… Continue reading
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Democracy in Focus: A post-austerity state
Lowering the voting age. Restoring and entrenching the powers of local government, including the power to build public housing. Ensuring that people are able to fulfil their potential (including outlawing many of the practices of the gig economy that drive its workers to suicide). Establishing a proportional election system, so that voters have a real… Continue reading
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Big Pharma: Dangling Life Over the Dying
9 January 2020 — New Eastern Outlook (Gunnar Ulson – NEO) – There are very few who have yet to come to the realization that Western pharmaceutical corporations and the health care systems they have created, control, manipulate and exploit represent not only a particular pinnacle of corruption, but also threaten rather than preserve the health… Continue reading
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UK: Welfare Weekly 11 January 2020
11 January 2020 — Welfare Weekly Up to 2,000 terminally ill people have died awaiting DWP benefit decisions Read more Continue reading
The New Dark Age 