Back in 1991, a left-wing friend expressed his frustration that “really existing socialism” was crumbling, with exaltations of how it had propelled the Soviet Union … Globalization is stuck in a trap. What will it be when it breaks free?Read more
Economics
Posted inCapitalism / Economics / Politics / ToMl
We’re living in a world of debt peonage
David Harvey talking: If I had to simplify it, it would be one word: alienation, that you have a population that’s increasingly alienated. It’s alienated … We’re living in a world of debt peonageRead more
Posted inCapitalism / Economics / Politics / ToMl / USA Empire
Yes, America, there is a Class War, and you Just Lost It
The Republican Party did not just overhaul the tax code and they did not cut “your” taxes. They engineered a coup against the middle and … Yes, America, there is a Class War, and you Just Lost ItRead more
Posted inCorruption / Economics / ToMl
Wage Theft Robs Workers of $50 Billion a Year
Wage theft is a “growing and pervasive problem” that robs workers of an estimated $50 billion a year. That’s according to a report from the … Wage Theft Robs Workers of $50 Billion a YearRead more
Posted inEconomics / Military / Russia / ToMl / USA Empire
How ‘Russiagate’ Helped Secure a Dangerous Arms Deal
Dec. 18 was a day like any other in the Donbas region, the flashpoint of a grinding civil war between the Ukrainian military and pro-Russian … How ‘Russiagate’ Helped Secure a Dangerous Arms DealRead more
Posted inEconomics / News / Worker
Seven in 10 UK workers are ‘chronically broke’
Economic insecurity has become the “new normal” in the UK with at least 70% of the UK’s working population “chronically broke”, according to a study … Seven in 10 UK workers are ‘chronically broke’Read more
Posted inEconomics / Politics / ToMl / USA Empire
Clinton Foundation Donors Got Weapons Deals From Hillary Clinton’s State Department
Even by the standards of arms deals between the United States and Saudi Arabia, this one was enormous. A consortium of American defense contractors led … Clinton Foundation Donors Got Weapons Deals From Hillary Clinton’s State DepartmentRead more
Posted inCorruption / Economics / ToMl
Seventy-seven nation industrial reserve army
The story told by the “Paradise Papers” is ultimately about the core structural fault-line in capitalism between capital and labour. That fault-line has sheared a … Seventy-seven nation industrial reserve armyRead more