Corporations are also using their profits to repurchase their own shares (thereby boosting stock indices to record levels), to finance mergers and acquisitions (which increase concentration, but not investment, and often involve cutting jobs)...
The Last Stage of the Middle Class (tags)
Money capital is fleeing into the speculative financial markets because investments in new factories have become unprofitable. While growing parts of society are impoverished or even impoverished outside of production, only a simulative accumulation of capital through financial bubbles takes place...
What does socialism mean in the 21st century? (tags)
"Socialism" should be much more than a mere buzzword. In light of the fact that current capitalism is in the process of destroying our planet and our prospects for a free, democratic, and good life, "socialism" must become a genuine systemic alternative.
There is outrage over the nationalist economic policy of "America First." The parallels to the 1929 system crisis are obvious. The unstable house of cards could now finally collapse. Credit-financed demand is created for a goods-producing system that suffocates in its own productivity.
Benjamin Tucker: American Mutualist Part 1 (tags)
In an Individualist Mutualist market economy of Josiah Warren, Benjamin Tucker, or Stephen Pearl Andrews employers can indeed pay themselves more money than their employees for equal time worked however even though they can pay themselves more money than their employees for equal time worked they are still Mutualists and not Capitalists. Why is this?
A term becomes a myth; the myth becomes a religion. We are all conditioned by the misguided use of terms and connections so a way of looking at things seems absurd. The German economy acts like a bulldozer rather than a locomotive.
Wage Slavery in the American Auto Industry: Obama’s Shame (tags)
The American auto industry is back in business in a big way. The carmakers are making enormous profits, direct from the blood, sweat and tears of autoworkers.
Where does profit come from? (tags)
The work of employees, who are paid only a fraction of the value that they produce, is the source of profits for capitalists. Those astronomical salaries and bonuses enjoyed by executives and speculators come on the backs of the company’s employees.
Engels on Capital and Surplus Value (tags)
Review of the chapters on Capital and Surplus Value in Engels' book Anti-Dühring showing the contemporary relevance of Marxist theory.
Capitalism Criticism 2.0 (tags)
Marx identified the falling rate of profit and the self-destruction of competition as contradictions of capitalism. Wages do not keep up with investments in machinery. Speculation and the explosion of the financial markets were encouraged by deregulation and higher profits.
"Crises belong to capitalism as the cyclone belongs to the weather.. A social division went along with the neoliberal turn. The welfare state mutated to a repressive crisis management of a growing mass poverty..Greenspan's dollar glut kindled a global deficit economy.."
Military give aways by Uncle Sam help expand the local police states (tags)
Military Surplus a boon for the police state! And these articles talk like the stuff is FREE!!! Hell us taxpayer paid thru the nose so Uncle Sam could buy this stuff!
Social Security Tax Hike Feared (tags)
Bush official predicts 50% jump with no revamp. YOU JOB, YOUR LIVLIHOOD...ALL FUCKED !
Globalization & Civilization Teach-In (tags)
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PAYING TWICE, PEOPLE LOVE DOUBLE TAXATION
NERVOUS FRENCH DON GASMASKS (tags)
New fashion trend sweeps Paris.
Photo: State Budget Surplus Stolen! (tags)
Photo: Union Activist at "Stop Rolling Blackmail!" Protest with sign reading "State Budget Surplus Stolen!"