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They talk about it as if they’re doing a garbage, low budget remake of “Charlie and the Chocolate Factory,” but instead of a golden ticket, it’s a $1,200 check. And instead of a magical trip through a fantasy land of candy and orange-faced crooners, it’s a paltry pittance from an orange-faced fascist who held up the…
Tag "capitalism"
With most of the country still on lockdown, all is quiet. For those of us lucky enough to be healthy and simply stuck at home — not in mourning; not sick or dying; not performing high-risk “essential” work; not waiting on long food bank lines — life is on pause. We’re held in limbo. Our…
There were dramatic scenes at an airport in Shanghai, China, as U.S. agents hijacked a plane full of lifesaving equipment, including 60 million masks, bound for coronavirus-stricken France. While the plane was on the tarmac, American agents managed to bribe locals into diverting the plane to the United States, plying them with cash. The story…
Yes, the latest research confirms that Venezuela is so rich in natural resources, that it could single-handedly satisfy all global demand for oil, for over 30 years. And it has much more than oil to offer, in its Orinoco basin and in other areas of the country. But it is not all ‘about oil’; actually,…
CHICAGO — The fatal crash of Ethiopian Airlines Flight 302, just months after the Lion Air Flight 610 crash in Indonesia, has led to governments and airlines around the world grounding their Boeing 737 Max 8 aircraft amid concerns that, after two crashes killing 346 people, the model is unsafe to fly. Airlines are attempting…
Trump is trying to square a globalized world through a national-based American capitalism. It won’t work. Former President Teddy Roosevelt (1901-09) described the essence of US foreign policy as “speaking softly while carrying a big stick”. Under the incumbent president, Donald Trump, it seems to be all about “speaking loudly”. What Trump is carrying in…
Ecological economists, such as Herman E. Daly, stress that as the external costs of pollution and resource exhaustion are not included in Gross Domestic Product, we do not know whether an increase in GDP is a gain or a loss. External costs are huge and growing larger. Historically, manufacturing and industrial corporations, corporate farming, city…
In 1916, during the First World War, Lenin analyzed the reasons which led to the confrontation between the empires of his time. He wrote – Imperialism, the Highest Stage of Capitalism. In this book, he clarified his analysis – « Imperialism is capitalism which has arrived at a stage of its development where domination by monopolies…
Today’s youth are increasingly unhappy with the way their elders are running the world. Their ire was most recently expressed when thousands of teenagers and others across the country marched on March 24 demanding more gun control, a little over a month after more than a dozen of their peers were shot and killed at a high school in Parkland, Florida.…
If there is a founding document of social democracy it is Eduard Bernstein’s ‘Evolutionary Socialism’. Written in 1899, it taught the leaders of the Social Democratic Party of Germany (SPD) that capitalism had permanently stabilised; that socialism would be achieved through parliament – not the industrial class struggle – and that the working class of the…
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