The presumption of mainstream economists and business journalists (as well as political and economic elites) is that the capitalist machine is the only possible one, and that it will work. Except it’s not: corporate profits have been growing (the red line in the chart above) but investment has been falling.
Russia's victory in an economic war (tags)
If perspectives for ways out of the increasingly worsening crises of capitalist socialization are to emerge, it is indispensable to look at the whole of conditions and their complex entanglements. It is necessary to break with the myths and life lies of the 'free West' as well as with those of a mission for a Russian empire or any other autocratic fundamentalism.
New old financial crisis (tags)
Since Silicon Valley Bank, Silvergate Corporation, & Signature Bank all toppled within a week in the U.S. & now First Republic Bank has also run into trouble, there are increasing signs that the next big financial crisis could now erupt with force. $9 trillion has been injected into the "U.S. market."
The present crisis means that, to a degree previously undreamt of, ever-greater numbers of human beings will simply be declared “superfluous.” The much-invoked “new role of the state” has not the slightest chance of recreating a 1960s style social welfare capitalism, with full employment and a rising standard of living.
The Forgotten History of the Financial Crisis (tags)
In the United States between late 2008 and early 2009, 800,000 people were losing their jobs every month. By 2015, over nine million American families would lose their homes to foreclosure—the largest forced population movement in the United States since the Dust Bowl.
Occupy Fights Foreclosures and Dance Against Banks protest Wells Fargo and Bank of America (tags)
Citizens outraged over bank crimes, fraud-closures, and on-going corruption rallied outside Wells Fargo and Bank of America in Los Anbgeles on May 1, 2014 for #MayDay2014 #StopWellsFargo #DanceAgainstBanks #opDAB.
Who's Behind the Deficit Crisis (tags)
From the U.S. to Europe media and politicians are singing the same tune: "budget deficits must be drastically reduced -- by cutting social programs -- so that global bond investors do not threaten the economy." Not since the "war on terror" was announced has government policy been so shrouded in confusion and unanswered questions. In the same way we are not to ask how U.S. foreign policy has angered millions in the Middle East, we must remain equally silent about questioning the recent history behind the current "deficit crisis.”
PANIC DECLARED Empty store shelves, gas pumps, ATMs ahead. (tags)
Who am I to declare a panic? Don't worry about that yet; just stock up on a little cash and canned goods. When everything the feds do JUST MAKES THINGS WORSE -- we are in a panic. Not just grandpa's Depression, but a good old-fashioned running-scared panic when the shelves go bare ...
THE LIFE OF AN AMERICAN JEW IN RACIST-MARXIST ISRAEL (tags)
Before Israel became a state in 1948, Jews world-wide were filled with the Zionist propaganda that Israel would be a homeland for all Jews, a refuge for persecuted Jews, a truly democratic country, and the fulfillment of Biblical prophecy.