Newsitem List
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Janet Yellen, playing the "good cop" routine in China?
Treasury Secretary Janet Yellen is in Beijing this week meeting with Chinese officials. But Western corporate media is trying to spin her role as a "good cop" for the NeoLiberal policy of coercing China to follow the USA-made "rules-based" international order....
Posted: Thu, Jul 6, 2023 11:41pm PDT
Put the Moxi, not Puny, in MUNI
The progressive left hobbles itself in not believing the advocacy of socializing land values is worth the energy expended. Without a clear, principled aspiration articulated, a larger, wider, transformative social justice program is unlikely to emerge in public discourse, much less at the ballot....
Posted: Thu, Jul 6, 2023 11:27pm PDT
The Great Leap Backwards
Scoop, the swami from Miami, addressed KFOG listeners as fogheads. The United States would be much better off without the self-appointed burden of keeping the world “safe” and “free” with the threat of our nuclear weapons. Also, as our economic growth slows down, we would use less energy and have less need for nuclear and coal power plants that pollute the environment....
Posted: Mon, Jul 3, 2023 7:23am PDT
The End of the "Golden Age" of Capitalism and the Rise of Neoliberalism
The rise of the neoliberal world economic system marked by the dominance of financial markets – whose financial superstructure collapses over us – resulted from the radical economic crises of the early 1970s that seized nearly all western industrial countries. This crisis ended a period of economic prosperity in Western Europe and the US that continued since the early 1950s....
Posted: Fri, Jun 30, 2023 4:00am PDT
Authoritarian Capitalism
The banks and auto corporations were bailed out and rescued and the ensuing public debt was invoked in order to cut public expenditures on health care, education, pensions, and public
salaries. Furthermore, a new race to the bottom has started in the name of “global competitiveness."...
Posted: Mon, Jun 26, 2023 2:35am PDT
Car Plants Are Making Medical Equipment - And Things Should Stay That Way
The time has come for progressive nationalization and socialization. This includes the financial sector, because only if we gain control over the financing of socially necessary areas of production will it be possible to ensure that we as a society can plan our future and the future of our finite planet democratically and thus avert the impending climate catastrophe....
Posted: Sat, Jun 24, 2023 7:32am PDT
Capital in the 2020s (with Thomas Piketty)
Inequality is not an accident. It’s not like the weather. It actually is being driven by the way capitalism is functioning. You know what we need? We need state intervention, we need government action, and we need that to be very, very, very big. That is when he proposes a policy that seems like it’s common sense now, but at the time, the idea of a wealth tax of 2 percent sounds radical....
Posted: Sun, Jun 18, 2023 7:09am PDT
NY State Senate, Assembly Fail to Pass Taxpayer and Debt Crises Protection Legislation
S4747/A2970 Bill Champions Vow to Pass Debt Relief Legislation Within Next Year...
Posted: Sat, Jun 10, 2023 9:17am PDT
New York Legislature Extends Session, Vote on Debt Relief Bill Pending
Religion, Development and Labor Coalition Pushes Passage of New York Taxpayer and International Debt Crises Protection Act...
Posted: Fri, Jun 9, 2023 10:23am PDT
Dinosaurs Became Birds, Humanity Became an Ostrich
Will human denial by the end of humanity?...
Posted: Thu, May 18, 2023 6:07pm PDT
Michael Hudson on de-dollarizartion
Krugman is saying that other people have no reason at all for what they’re doing. And when they move out of the dollar, there’s no reason for them to do it. And obviously, if you read the speeches of what these countries, foreign ministers and central bankers say, they explain just why they’re doing what they’re doing...
There are certain things that you just can’t discuss in polite society....
Posted: Mon, May 15, 2023 2:32am PDT
US corporations in the wings for post-war Ukraine
The IMF granted large loans to the invaded country and enforces the so-called neoliberal "Washington Consensus"[1]. In a major privatization campaign, the Ukrainian government is selling off state assets. U.S. corporations such as ExxonMobil, Chevron and Halliburton participate in negotiations to take over the oil and gas industry of the Eastern European country....
Posted: Wed, May 10, 2023 4:17am PDT
Insurrectionary Clandestinity
An explanation of clandestine activism/organizing, oriented towards creating an uprising against oppression....
Posted: Wed, May 10, 2023 2:18am PDT
At universities, the reality of the financial casino is taboo
When buying or selling, high-speed trading can bring profits a few milliseconds or microseconds ahead of other high-speed trading bidders. These speculative trades have nothing to do with the good functioning of the financial markets. On the contrary, prices can be manipulated. In any case, these betting transactions have no economic benefit whatsoever....
Posted: Wed, Apr 26, 2023 5:07am PDT
Brazil's Lula travels to China and calls to end US dollar dominance
“Why can’t a bank like that of the BRICS have a currency to finance trade relations between Brazil and China, between Brazil and other countries?" he continued. "It’s difficult because we are unaccustomed [to the idea]. Everyone depends on just one currency". Lula made these remarks criticizing US dollar hegemony in a speech for the New Development Bank (NDB)....
Posted: Wed, Apr 19, 2023 12:28am PDT
Why the US Bank Crisis is Not Over
There must always be a financial crash at some point. That is because interest-bearing debt grows exponentially, but the economy follows an S-curve and then turns down. And when the economy turns down... the magnitude of financial claims on the economy exceeds the ability to pay....
Posted: Mon, Apr 17, 2023 2:38am PDT
The Legacy of Liberation Theology
Liberation theology was the theological promise of Latin America and sounded like a more colorful, people-friendly church. The Vatican saw things differently... Ratzinger's successor in the papacy is pursuing a completely different course: Pope Francis is seeking dialogue, but he himself also comes from Latin America....
Posted: Fri, Apr 7, 2023 7:42am PDT
From Inequality of the Gods to Equality of Humankind
History demonstrates clearly that humans can live in egalitarian societies, we do not have to accept the brutality of social dominance and inequality. We must take matters into our own hands to change the world....
Posted: Thu, Apr 6, 2023 5:03pm PDT
The Seven Loose Pieces of the Global Jigsaw Puzzle
Toward the end of the Cold War, capitalism created a military horror: the neutron bomb, a weapon that destroys life while leaving buildings intact. During the Fourth World War, however, a new wonder has been discovered: the financial bomb. This new bomb destroys the polis (here, the nation), imposing death, terror, and misery ....
Posted: Thu, Apr 6, 2023 6:56am PDT
Senile Economics: Bubble Ontology and the Pull of Gravity
The entire banking system is closing in on folding, which is why it so desperately needs new inflationary liquidity to keep afloat. The Great Reset is our owners’ authoritarian attempt to respond to this systemic threat by taking control of the collateral (our lives) and remain in the driving seat. All the rest is perception management....
Posted: Sun, Apr 2, 2023 4:35am PDT