Capitalism
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Michael Hudson: A roadmap to escape the west’s stranglehold
The geoeconomic pathway away from the neoliberal order is fraught with peril, but the rewards in establishing an alternative system are as promising as they are urgent Continue reading
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The Liz Truss Disaster Show
Never underestimate the power of failure. As the Liz Truss Disaster Show demonstrates, the next pitfall is probably just around the corner. The UK Prime Minister has shown, along with her distinctly oblivious Chancellor of the Exchequer, how to ballsup the economy in the shortest timeframe imaginable. Continue reading
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UK Crony Capitalism: Trickle down economics
The UK government’s economic policies under new PM Liz Truss have caused a stir among, not only leftists, but also among mainstream economists. The new government says the solution to the stagnation and failure of British capitalist production is to cut taxation on the rich and on big business. The extra income flowing to them… Continue reading
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The liquidity crisis and drowning naked
A liquidity crisis erupted in British bond markets after the announcement by the new right-wing Conservative government that it would spend up to £60bn to maintain and energy price cap for householders for up to two years, subsidise business energy costs AND also cut corporate and income taxes. The total hit from this largesse (mainly… Continue reading
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Free Market Genocides: The Real History of Trade
What role should greed play in how we run the world? Should it rule us and shape all that we do? Continue reading
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Fascism returns to Europe’s centerstage
The stunning victory of a far-right coalition in Italy’s parliamentary election on Sunday is largely seen from the distinct prospect of Giorgia Meloni becoming the country’s next prime minister, whose hardline views on immigration and the preservation of the “Christian family” are rooted in the Italian Social Movement (MSI), a party founded after World War II by… Continue reading
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The Tories Declare Class War
The “cap” on bankers bonuses that the Tories have just removed had been set at double their annual salary. Yes, double their annual salary. So a banker on £320,000 a year could only get an annual bonus of £640,000. That has now been lifted so they will be able to get annual bonuses of millions… Continue reading
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Europe’s Economic Hara-Kiri
THE cessation of natural gas supplies from Russia to Europe in retaliation against Western sanctions imposed on Russia because of the Ukraine war, is threatening Europe not only with a winter with inadequate heating that will take a big toll in terms of lives among poor people, but also with large-scale closures of enterprises; such… Continue reading
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Royal Money: Charles III and the Wealth Dimension
Once the fixated adoration with the late Queen Elizabeth II starts cooling, the accountants of public welfare and decency will be stunned to realise the costs and wealth associated with the royal institution. Her successor, Charles III, is continuing in that vein, a jarring note of wealth and pomp even as prices rise and the… Continue reading
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1.5°C warming may trigger multiple tipping points
Multiple climate tipping points could be triggered if global temperature rises beyond 1.5°C above pre-industrial levels, according to a major new analysis published in the journal Science. Even at current levels of global heating the world is already at risk of passing five dangerous climate tipping points, and risks increase with each tenth of a degree of further… Continue reading
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‘Quiet Quitting’ Is Rocking Corporate America
The corporate media have taken up a new narrative in their constant battle to protect the business world from the demands of workers. Quiet quitting is the act of doing exactly what you’ve been hired to do at work and no more. The rich hate it and that’s why the talking heads in the media… Continue reading
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LIVE: Lowkey & Economist Dr. Richard Wolff Discuss Inflation & Class War
Thursday, 8 September 2022 — MintPress News Scheduled for Sep 8, 2022 As the US and Europe are imperiled by an economic crisis, Lowkey and economist Dr. Richard Wolff discuss the links between the war in Ukraine, inflation and the class war at home. Continue reading
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Our Entire Civilization Is Fake And Stupid
You’re not jaded; everything really is just as phony and vapid as it looks. I say this because if you are reading this it’s likely the result of a personal quest for truth which has led to a gradual peeling away of the lies our society is made of. Your eyes probably found this text… Continue reading
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GERMANY WHERE NEXT? Q2 DATA INCLUDING RATE OF PROFIT
The German Federal Statistical Office (Destatis) has released its estimates for the second quarter of 2022 allowing the preparation of tunrover and profits for the non-financial sector in Germany. Following this fundamental analysis of the German economy comment will be made on Germany’s prospects given that it and Britain are most at risk from current… Continue reading
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As Europe Implodes, It Plans “Radical Intervention” Including Price-Setting, Suspending Derivatives Markets And Europe-Wide Margin Call Bailouts
Just when you thought the narrative couldn’t get any more idiotic, Europe shocks just about everyone. A few days after the EU threatened commodity traders it would stage an “emergency intervention” to crush energy prices which were rising at a pace of about 20% per day (perhaps Europe can now print nat gas and electricity… Continue reading
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Exclusive: How Shell and BP financed Britain’s Cold War propaganda machine
“Handsome” sums were provided by BP and Shell to the Information Research Department (IRD), which was Britain’s Cold War propaganda arm between 1948 and 1977, declassified files show. The IRD used the secret subsidies to fund British covert propaganda operations during the 1950s and 1960s across the Middle East and Africa, where Britain’s oil interests were substantial. Today,… Continue reading
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Climate Scientists Call For Civil Disobedience
A group of climate scientists have said: Time is short to secure a livable and sustainable future; yet, inaction from governments, industry and civil society is setting the course for 3.2 °C of warming, with all the cascading and catastrophic consequences that this implies. In this context, when does civil disobedience by scientists become justified. Continue reading
The New Dark Age 