COVID-19 and Catastrophe Capitalism (tags)
The scale of the coronavirus pandemic and its consequences on world accumulation are unprecedented, with the global economic costs still increasing. At the end of March, some three billion people on the planet were in lockdown or social-distancing mode.36
Stagnation, not growth, is the norm for mature capitalism (tags)
The dynamics of a mature capitalist economy result in stagnation and financialization, creating deepening inequality.
Capitalists, Global Warming, and the Climate Justice Movement (tags)
(This essay was published in Anarcho-Syndicalist Review, #54, Summer 2010, pages 23-28. For this internet edition I've made a few more changes and additions). An urgent analysis of the climate crisis and call to action.
Monetary and Fiscal Failure, Fraud, and Fear of What's Next (tags)
looting the treasury continues with militarism ready to confront dissent
Systemic Failure: Capitalism "Lays an Egg" (tags)
deepening economic crisis
From Real Estate Speculation to Collapse of Global Deficit Economy (tags)
Joy to the world, the world of fallen idols and bubble transfer. The truth will set us free but the truth is a process, not a cudgel or stimulus. After the dot-com bubble, trillions were "invested" in real estate speculation. The crisis of the work society is the background for low interests.
Very few people know that the US military is directly involved in the fierce fighting going on in the Philippines between the Moro insurgents and the corrupt and brutal Arroyo regime supported by the Bush neocons and the warmongering Pentagon planners. Will you continue to allow US tax dollars to be wasted in this barbaric genocidal war against indigenous peoples? Over a thousand extrajudicial killings and "forced disappearances" under Arroyo's tenure, plus a few hundred Muslims dead as "collateral damage," may be the signs of US "benevolent hegemony" (Robert Kagan) and US "magnanimous imperial power" (Dinesh D'Souza). McKinley's "Benevolent Assimilation" lives on!
The Financialization of Capital and the Crisis (tags)
The stock market- and real estate-bubble occur in advanced capitalism. The government response was to create a second bubble, the great bubble transfer. The real estate bubble crashed last summer. John Bellamy Foster teaches at the University of Oregon and is editor of Monthly Review.
News Junkie Scott's Blog (10/3/05) (tags)
GOP proposal increases Pentagon surveillance over US citizens.
The 'Black Book' of U.S. Imperialism: Ward Churchill's Roosting Chickens (tags)
Todd Gitlin, Paul Berman and assorted intellectuals of the "decent left" have earned their keep arguing that anti-imperialism is nothing but an echo chamber of nihilism, oedipal rage and tacit support for whomever the governing class declares the enemy. Once upon a time their kind derided the Communist left as window dressing for the gulag; now they argue with parallel duplicity that anti-imperialists are shills for "Islamo-fascist" death cults and suicide bombers. As the gate-keepers of acceptable dissent, that is to say "none," they rarely take time to note what it is, this America, they've declared their loyalty to and what it is exactly the "anti-Americans" oppose.
The Sage of Imperialism: Harry Magdoff (tags)
This conference report was published in: Monthly Review Newsletter, Summer 2003. "Neoconservative hawks should be seen as frustrated outsiders involved in a desperate gamble to shore up declining US power by throwing legitimacy to the winds."