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Bakari Chavanu

Capitalism's Self-inflicted Apocalypse - 0 views

www.michaelparenti.org/capitalism%20apocalypse.html

politics economy capitalism

shared by Bakari Chavanu on 16 Oct 09 - Cached
  •  The present economic crisis, however, has convinced even some prominent free-marketeers that something is gravely amiss. Truth be told, capitalism has yet to come to terms with several historical forces that cause it endless trouble: democracy, prosperity, and capitalism itself, the very entities that capitalist rulers claim to be fostering.
  • Some eighty  years ago Supreme Court Justice Louis Brandeis commented, “We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can’t have both.” Moneyed interests have been opponents not proponents of democracy.
  • In the early days of the Republic the rich and well-born imposed property qualifications for voting and officeholding. They opposed the direct election of candidates (note, their Electoral College is still with us). And for decades they resisted extending the franchise to less favored groups such as propertyless working men, immigrants, racial minorities, and women.
  • ...17 more annotations...
  • The conservative plutocracy also seeks to rollback democracy’s social gains, such as public education, affordable housing, health care, collective bargaining, a living wage, safe work conditions, a non-toxic sustainable environment; the right to privacy, the separation of church and state, freedom from compulsory pregnancy, and the right to marry any consenting adult of one’s own choosing.
  • About a century ago, US labor leader Eugene Victor Debs was thrown into jail during a strike. Sitting in his cell he could not escape the conclusion that in disputes between two private interests, capital and labor, the state was not a neutral arbiter. The force of the state--with its police, militia, courts, and laws—was unequivocally on the side of the company bosses.
  • Any nation that is not “investor friendly,” that attempts to use its land, labor, capital, natural resources, and markets in a self-developing manner, outside  the dominion of transnational corporate hegemony, runs the risk of being demonized and targeted as “a threat to U.S. national security.”
  • Most of the world is capitalist, and most of the world is neither prosperous nor particularly democratic. One need only think of capitalist Nigeria, capitalist Indonesia, capitalist Thailand, capitalist Haiti, capitalist Colombia, capitalist Pakistan, capitalist South Africa, capitalist Latvia, and various other members of the Free World--more accurately, the Free Market World.
  • Corporate investors prefer poor populations. The poorer you are, the harder you will work—for less. The poorer you are, the less equipped you are to defend yourself against the abuses of wealth.
  • In the corporate world of “free-trade,” the number of billionaires is increasing faster than ever while the number of people living in poverty is growing at a faster rate than the world’s population. Poverty spreads as wealth accumulates.
  • To the extent that life is bearable under the present U.S. economic order, it is because millions of people have waged bitter class struggles to advance their living standards and their rights as citizens, bringing  some measure of humanity to an otherwise heartless politico-economic order.
  • There is a third function of the capitalist state seldom mentioned. It consists of preventing the capitalist system from devouring itself.  Consider the core contradiction Karl Marx pointed to: the tendency toward overproduction and market crisis. An economy dedicated to speedups and wage cuts, to making workers produce more and more for less and less, is always in danger of a crash. To maximize profits, wages must be kept down. But someone has to buy the goods and services being produced. For that, wages must be kept up. There is a chronic tendency—as we are seeing today—toward overproduction of private sector goods and services and underconsumption of necessities by the working populace. 
  • Instead of trying to make money by the arduous task of producing and marketing goods and services, the marauders tap directly into the money streams of the economy itself. During the 1990s we witnessed the collapse of an entire economy in Argentina when unchecked free marketeers stripped enterprises, pocketed vast sums, and left the country’s productive capacity in shambles. The Argentine state, gorged on a heavy diet of free-market ideology, faltered in its function of saving capitalism from the capitalists.
  • These thieves were caught and convicted. Does that not show capitalism’s self-correcting capacity? Not really. The prosecution of such malfeasance— in any case coming too late—was a product of democracy’s accountability and transparency, not capitalism’s. Of itself the free market is an amoral system, with no strictures save caveat emptor.
  • Perhaps the premiere brigand was Bernard Madoff. Described as “a longstanding leader in the financial services industry,” Madoff ran a fraudulent fund that raked in $50 billion from wealthy investors, paying them back “with money that wasn’t there,” as he himself put it. The plutocracy devours its own children.
  • The classic laissez-faire theory is even more preposterous than Greenspan made it.  In fact, the theory claims that everyone should pursue their own selfish interests without restraint.
  • Capitalism breeds the venal perpetrators, and rewards the most unscrupulous among them.  The crimes and crises are not irrational departures from a rational system, but the converse: they are the rational outcomes of a basically irrational and amoral system.
  • Worse still, the ensuing multi-billion dollar government bailouts are themselves being turned into an opportunity for pillage. Not only does the state fail to regulate, it becomes itself a source of plunder, pulling vast sums from the federal money machine, leaving the taxpayers to bleed.
  • But the 2008-09 “rescue operation” offered a record feed at the public trough. More than $350 billion was dished out by a right-wing lame-duck Secretary of the Treasury to the biggest banks and financial houses without oversight--not to mention the more than $4 trillion that has come from the Federal Reserve.  Most of the banks, including JPMorgan Chase and Bank of New York Mellon, stated that they had no intention of letting anyone know where the money was going.
  • In sum, free-market corporate capitalism is by its nature a disaster waiting to happen.
  • If the paladins of Corporate America want to know what really threatens “our way of life,” it is their way of life, their boundless way of pilfering their own system, destroying the very foundation on which they stand, the very community on which they so lavishly feed.
thinkahol *

Reading Marx's Capital with David Harvey » Blog Archive » Feral Capitalism Hi... - 0 views

davidharvey.org/...al-capitalism-hits-the-streets

Reading Marx's Capital with David Harvey » Blog Archive Feral Capitalism Hits the Streets

shared by thinkahol * on 16 Aug 11 - No Cached
  • thinkahol * on 16 Aug 11
     
    But the problem is that we live in a society where capitalism itself has become rampantly feral. Feral politicians cheat on their expenses, feral bankers plunder the public purse for all its worth, CEOs, hedge fund operators and private equity geniuses loot the world of wealth, telephone and credit card companies load mysterious charges on everyone's bills, shopkeepers price gouge, and, at the drop of a hat swindlers and scam artists get to practice three-card monte right up into the highest echelons of the corporate and political world.
Bakari Chavanu

Michael Moore Kills Capitalism with Kool-Aid - Michael W. Covel - Mises Institute - 0 views

mises.org/3751

capitalism micheal moore review

shared by Bakari Chavanu on 03 Oct 09 - Cached
  • Oh sure, in theory I would like to see everyone with their own homestead, money in their pocket for regular shopping frenzies, and no health worries despite eating at Burger King 24/7, but arriving at those goals is not exactly doable unless government robs Peter to pay Paul and/or starts up the printing press.
    • Bakari Chavanu
      Bakari Chavanu on 03 Oct 09
       
      This analysis totally overlooks where real wealth originates from: not from dollars printed by the government or even the redistribution of taxes. It originates from what working class people produce, and what capialist thugs mainly profit off of.
  • And that view of course puts me in opposition to Moore since he has no problem with government as his and our father figure. That is his utopia. He truly believes that warehouses of federal workers, in Washington, D.C., remotely running our lives is the optimal plan. He is an unapologetic socialist who really doesn't care why the poor are poor or the rich are rich, he just wants it fixed. So not surprisingly — and with some generalization as I proffer this — Democrats like Moore and Republicans don't.
    • Bakari Chavanu
      Bakari Chavanu on 03 Oct 09
       
      This is not the point he made in the movie. He makes the argument that workers should control and profite from what they produce.
  • I don't care one way or the other that he has that view and I am not knocking union workers, but Moore sees the world through a class-warfare lens resulting in a certain agenda: force wealth to be spread amongst everyone regardless of effort.
    • Bakari Chavanu
      Bakari Chavanu on 03 Oct 09
       
      So you think it's perfectly okay for individuals to have a net worth of millions and billions of dollars while the people who produce the wealth should not profit from their work?
  • ...8 more annotations...
  • We listen to heartbreaking stories of foreclosed families across America — but we don't learn why the foreclosures happened. Did these people treat their homes as piggy banks? Was there refinancing on top of refinancing just to keep buying mall trinkets and other goodies with no respect to risk or logic? We don't find out.
    • Bakari Chavanu
      Bakari Chavanu on 03 Oct 09
       
      Yes, we do learn the source of foreclosures. It's banks raising interest rates that people can't possibly pay. It's people making huge amounts of money off the misfortunes of others.
  • $1,000 for cleaning out the house that they were just evicted from. Was it sad? Yes. But should we end capitalism due to this one family in Peoria, IL?
    • Bakari Chavanu
      Bakari Chavanu on 03 Oct 09
       
      He presents this as represenetive example.
  • There is a lengthy dissertation on the evils of Goldman Sachs. He rips Robert Rubin and Hank Paulson big time, and I agree with him. In fact, I said to myself, "Moore, you should have done your whole film on Goldman Sachs!"
  • As FDR concluded and the film ended, I was shocked at the reaction. The theater of 400-plus spectators stood and cheered wildly at FDR's 1944 proposal. The questions running through my head were immediate: how does one legislate words like useful, enough, recreation, adequate, decent, and good? Who decides all of this and to what degree?
  • So that the record of history is absolutely crystal clear: that there is no alternative way so far discovered of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.
  • Friedman's logic was what I was remembering as a theater full of people cheered wildly for a second Bill of Rights. How did this film crowd actually think FDR's 1944 vision could be executed? Frankly, it was clear to me at that moment that capitalism is on shaky ground. From Bush "abandoning" capitalism to bailouts for everyone, to Obama gifting away the future, we seriously might be past the point of no return toward a socialization of America.
  • This film did not make me angry, but it did punch me in the gut. The people in that theater with me, including Moore, were not bad people. They just seem to all have consumed a lethal dose of Kool-Aid.
    • Bakari Chavanu
      Bakari Chavanu on 03 Oct 09
       
      What Kool-aid are you talking about? What other system is really challenging capitalism? Not even the government is the real kool-aid when you've already noted that it works on behalf of the corporate class.
  • Moore sees Reagan entering the scene as a shill for corporate-banking interests.
  • Bakari Chavanu on 03 Oct 09
     
    I include my reacations to this review in which I think Covel misleads readers about Moore's movie.
thinkahol *

YouTube - 'Capitalism: A Love Story' DVD Extra - Harvard Professor Elizabeth Warren - 0 views

www.youtube.com/watch

YouTube - 'Capitalism: A Love Story' DVD Extra Harvard Professor Elizabeth Warren

shared by thinkahol * on 17 Nov 10 - No Cached
  • thinkahol * on 17 Nov 10
     
    PREORDER THE 'CAPITALISM: A LOVE STORY' DVD: http://tinyurl.com/calsdvd    'Capitalism: A Love Story' DVD Extra - Harvard Professor Elizabeth Warren on How Wall Street Got Away with Murder    Extended interview with top TARP cop, Harvard Professor, Elizabeth Warren.  Shes sassy and real and tells it
Skeptical Debunker

Prudential-AIG Deal Another Case of Corporate Empire Building - 0 views

moneymorning.com/...prudential-aig

AIG Prudential deal analysis

shared by Skeptical Debunker on 05 Mar 10 - Cached
  • In spite of its new whizz-bang CEO, Prudential is a slow-moving but very reliable organization with a level of integrity that is trusted by policyholders. Frankly, that's what you want in an insurance company. I have had a modest U.K. pension with one of its competitors since 1980, and I am constantly worried that some leveraged buyout (LBO) artist will step in, take it over, change the computer system so that information gets lost, outsource customer service, and drive the company into bankruptcy. If you're buying life insurance or pension services, you want a company that's not going to disappear in the next 30 years, and doesn't change its address or computer system too often. Avoid a company like the plague if it is run by whiz kids. However, that's what AIG was like. We know how AIG operated; a guy who thought betting the ranch on the credit default swap market was a good idea ran it. Its Asian operation is no doubt full of similarly clever ideas. Even in the unlikely event that everything there is on the level, the cultural clash with an old-fashioned British insurance company is huge. And why would you pay a PREMIUM for an AIG operation? Like the Kraft/Cadbury deal, Prudential's takeover of AIA is value-destroying. Also like Kraft/Cadbury, it looks likely to destroy a valuable part of the British economy that millions of people have relied upon for generations - only this time the destruction will be caused by the buyer rather than the target. As shareholders we need a new form of corporate governance. Those in management are hired hands. In the old days, large shareholders used to treat management as they would have treated their butler - and management was equally deferential to the owners of substantial percentages of the company's capital. That's how capitalism is supposed to work - with resources deployed in the interests of the owners of capital. We know that system works; economics shows us why it works. The alternative, with resources deployed to satisfy the egos and fill the pockets of the hired hands, has no theoretical justification and little practicality - just as a big country house run in the interests of the butler would be a mess. As capitalists, we must work together to restore capitalism!
  • Skeptical Debunker on 05 Mar 10
     
    To inattentive observers, the recent announcement that the British insurance company Prudential PLC (NYSE ADR: PUK) would pay $35.5 billion for American International Group Inc.'s (NYSE: AIG) Asian insurance operation, AIA, might seem like just another belated expansion of the old British Empire - a strange contrast to the sale of the premier British chocolate company Cadbury PLC (NYSE ADR: CBY) to Kraft Foods Inc. (NYSE: KFT) last month. Yet in reality both deals are examples of Empire-building that for shareholders is much more dangerous than the benign British variety - Empire-building by corporate management that runs contrary to capitalist ideals.
  • Skeptical Debunker on 05 Mar 10
     
    Monopolies - BAD (Adam Smith even said so!) Companies controlled and run by management (as if it were their own personal fiefdom and with their hands always in the "cookie jar"), rather than shareholders - BAD. BOTH ANTI-CAPITALISTIC. Both the "norm" for "the titans" of "modern [anti] capitalism". We no longer have capitalism (if that, like communism, ever existed in a more or less "pure" form!). We have a kleptocracy of the rich and corporate aristocracy (as incestuously intertwined as the European nobles ever were!).
thinkahol *

Is This the Way the World Ends? | Truthout - 0 views

www.truth-out.org/...1307908449

Is This the Way World Ends? | Truthout

shared by thinkahol * on 12 Jun 11 - No Cached
  • thinkahol * on 12 Jun 11
     
    The world is not, however, out of the woods if you read Peter Nolan's superb book, "Crossroads: The End of Wild Capitalism and the Future of Humanity." Nolan's thesis is that unrestrained capitalism, its extremes and its contradictions, have put China, the United States and the world of Islam on a collision course that gives the world "the choice of no choice." Either these three models of culture and capitalism will find constructive engagement, or the world as we know it is in extreme peril - either from economic instability and social reaction, military conflict, or environmental destruction, or all of the above.
thinkahol *

Is Capitalism Doomed? - Nouriel Roubini - Project Syndicate - 0 views

www.project-syndicate.org/...English

Is Capitalism Doomed? - Nouriel Roubini Project Syndicate

shared by thinkahol * on 16 Aug 11 - No Cached
  • thinkahol * on 16 Aug 11
     
    Karl Marx was right, it seems, in arguing that globalization, financial intermediation run amok, and redistribution of income and wealth from labor to capital could lead capitalism to self-destruct. So what can be done to prevent that outcome?
thinkahol *

Overcoming Despair as the Republicans Take Over: A Conversation with Noam Chomsky | Tik... - 0 views

www.tikkun.org/...conversation-with-noam-chomsky

Overcoming Despair as the Republicans Take Over: A Conversation with Noam Chomsky | Tikkun Magazine

shared by thinkahol * on 22 Jun 11 - No Cached
  • thinkahol * on 22 Jun 11
     
    Michael Lerner (ML): You have made many excellent analyses of the power of global capital and its capacity to undermine ordinary citizens' efforts to transform the global reality toward a more humane and generous world. If there were a serious movement in the U.S. ready to challenge global capital, what should such a movement do? Or is it, as many believe, hopeless, given the power of capital to control the media, undermine democratic movements, and use the police/military power and the co-optive power of mass entertainment, endless spectacle, and financial compensations for many of the smartest people coming up through working-class and middle-income routes? What path is rational for a movement seeking to build a world of environmental sanity, social justice, and peace, yet facing such a sophisticated, powerful, and well-organized social order?
Asif Sheeraz

Watch Capital Talk - 27th August 2009 - 0 views

www.pkaffairs.com/playshow.asp

shared by Asif Sheeraz on 29 Aug 09 - Cached
  • Asif Sheeraz on 29 Aug 09
     
    Ahsan Iqbal PML-N, Fouzia Wahab PPP, Lt. Gen. (R) Asad Durrani, Brig. (R) Imtiaz Ahmed and Wasim Akhtar MQM in fresh episode of Capital Talk. Hamid Mir continues from yesterdays's Capital Talk on past Army Operations.
thinkahol *

Crony Capitalism Comes Home - NYTimes.com - 0 views

www.nytimes.com/...ny-capitalism-comes-homes.html

Crony Capitalism Comes Home - NYTimes.com

shared by thinkahol * on 28 Oct 11 - No Cached
  • thinkahol * on 28 Oct 11
     
    So, yes, we face a threat to our capitalist system. But it's not coming from half-naked anarchists manning the barricades at Occupy Wall Street protests. Rather, it comes from pinstriped apologists for a financial system that glides along without enough of the discipline of failure and that produces soaring inequality, socialist bank bailouts and unaccountable executives. It's time to take the crony out of capitalism, right here at home.
Bakari Chavanu

Five Economic Reforms Millennials Should Be Fighting For | Politics News | Rolling Stone - 0 views

www.rollingstone.com/...hould-be-fighting-for-20140103

economics politics

shared by Bakari Chavanu on 04 Feb 14 - No Cached
  • Some economists have proposed running a job guarantee through the non-profit sector, which would make it even easier to suit the job to the worker. Imagine a world where people could contribute the skills that inspire them – teaching, tutoring, urban farming, cleaning up the environment, painting murals – rather than telemarketing or whatever other stupid tasks bosses need done to supplement their millions. Sounds nice, doesn't it?
    • Bakari Chavanu
      Bakari Chavanu on 04 Feb 14
       
      Jeremey Rifkin's The End of Work proposes this idea.
  • What if people didn't have to work to survive? Enter the jaw-droppingly simple idea of a universal basic income, in which the government would just add a sum sufficient for subsistence to everyone's bank account every month. A proposal along these lines has been gaining traction in Switzerland, and it's starting to get a lot of attention here, too.
  • A universal basic income would address this epidemic at the root and provide everyone, in the words of Duke professor Kathi Weeks, "time to cultivate new needs for pleasures, activities, senses, passions, affects, and socialities that exceed the options of working and saving, producing and accumulating."
  • ...7 more annotations...
  • Ever noticed how much landlords blow? They don't really do anything to earn their money. They just claim ownership of buildings and charge people who actually work for a living the majority of our incomes for the privilege of staying in boxes that these owners often didn't build and rarely if ever improve.
  • In a few years, my landlord will probably sell my building to another landlord and make off with the appreciated value of the land s/he also claims to own – which won't even get taxed, as long as s/he ploughs it right back into more real estate.
  •  Municipalities themselves can be big-time landowners, and groups can even create large-scale community land trusts so that the land is held in common. In any case, we have to stop letting rich people pretend they privately own what nature provided everyone.
  • Hoarders blow. Take, for instance, the infamous one percent, whose ownership of the capital stock of this country leads to such horrific inequality. "Capital stock" refers to two things here: the buildings and equipment that workers use to produce goods and services, and the stocks and bonds that represent ownership over the former. The top 10 percent's ownership of the means of production is represented by the fact that they control 80 percent of all financial assets.
    • Bakari Chavanu
      Bakari Chavanu on 04 Feb 14
       
      Defines capital stock
  • You know what else really blows? Wall Street. The whole point of a finance sector is supposed to be collecting the surplus that the whole economy has worked to produce, and channeling that surplus wealth toward its most socially valuable uses. It is difficult to overstate how completely awful our finance sector has been at accomplishing that basic goal. Let's try to change that by allowing state governments into the banking game.
  • There is only one state that currently has a public option for banking: North Dakota.
  • When North Dakotans pay state taxes, the money gets deposited in the state's bank, which in turn offers cheap loans to farmers, students and businesses. The Bank of North Dakota doesn't make seedy, destined-to-default loans, slice them up inscrutably and sell them on a secondary market.
Bakari Chavanu

toledoblade.com -- - 0 views

toledoblade.com/...article

capitalism micheal moore review

shared by Bakari Chavanu on 03 Oct 09 - Cached
  • He believes our economic system has lost its way after decades of perversion by greedy politicians in Washington and money-minded fatcats on Wall Street and in corporate America.
  • And as the great American dream slipped further from the middle class, more consumers relied on credit cards and loans to catch it, and a system based on people buying what they need became one in which people buy what they want but often cannot afford.
  • Perhaps the film's most powerful statement is Moore's claim that 1 percent of the richest Americans own 95 percent of our nation's wealth.
  • ...3 more annotations...
  • Capitalism: A Love Story contends that such a movement has already begun. Families being evicted from their homes by bank foreclosures refuse to leave, the film shows, even when law enforcement shows up. A successful workers' strike in Chicago proved that the power to overcome corporate greed and mishandling still rests with the people.
    • Bakari Chavanu
      Bakari Chavanu on 03 Oct 09
       
      This may be a hopeful way to look at it, but I really doubt it. Most people don't have a clue about what to do. There's very little or effective organized resistance.
  • The film isn't so much Moore piling on our battered, bruised capitalism as it is loaded commentary on what got us here. The evidence is damning, and thought-provoking to those who will give the film a chance.
  • Perhaps Capitalism: A Love Story will be the impetus we need for wholesale change. Or if change is too ambitious, given our circumstances, the film should at least spark meaningful dialogue and rigorous debate, something Moore supporters and detractors alike should welcome.
Asif Sheeraz

Watch Capital Talk - 19th March 2009 - 0 views

www.pkaffairs.com/playshow.asp

Capital Talk

shared by Asif Sheeraz on 23 Mar 09 - Cached
  • Asif Sheeraz on 23 Mar 09
     
    Aynt Ullah Durrani State Min. for Indestries & Production, Gen. (R) Abdul Baloch Former Governor Balochistan, Senator Mir Hasil Khan Bizenjo Sec. Gen. National Party, Muhammad Abdul Basad, in Fresh episode of Capital Talk and discusses with Hamid Mir.
thinkahol *

Robert Scheer: Obama's Fatal Addiction - Robert Scheer's Columns - Truthdig - 0 views

www.truthdig.com/...bamas_fatal_addiction_20110329

Robert Scheer: Obama's Fatal Addiction - Scheer's Columns Truthdig

shared by thinkahol * on 01 Apr 11 - No Cached
  • thinkahol * on 01 Apr 11
     
    If it had been revealed that Jeffrey Immelt once hired an undocumented nanny, or defaulted on his mortgage, he would be forced to resign as head of President Barack Obama's "Council on Jobs and Competitiveness." But the fact that General Electric, where Immelt is CEO, didn't pay taxes on its $14.5 billion profit last year-and indeed is asking for a $3.2 billion tax rebate-has not produced a word of criticism from the president, who in January praised Immelt as a business leader who "understands what it takes for America to compete in the global economy." What it takes, evidently, is shifting profit and jobs abroad: As of last year only 134,000 of GE's total workforce of 304,000 was based in the U.S. and, according to The New York Times, for the past three years 82 percent of the company's profit was sheltered abroad. Thanks to changes in the tax law engineered when another avowedly pro-business Democrat, Bill Clinton, was president, U.S. multinational financial companies can avoid taxes on their international scams. And financial scams are what GE excelled in for decades, when GE Capital, its financial unit, which specialized in credit card, consumer loan and housing mortgage debt, accounted for most of GE's profits. That's right, GE, along with General Motors with its toxic GMAC financial unit, came to look more like an investment bank than a traditional industrial manufacturing giant that once propelled this economy and ultimately it ran into the same sort of difficulties as the Wall Street hustlers. As The New York Times' David Kocieniewski, who broke the GE profit story, put it: "Because its lending division, GE Capital, has provided more than half of the company's profit in some recent years, many Wall Street analysts view G.E. not as a manufacturer but as an unregulated lender that also makes dishwashers and M.R.I. machines." Maximizing corporate profits at the taxpayer's expense is what top CEOs are good at, and after all it
Bakari Chavanu

The root cause of war is oligarchic capitalism | Middle East Eye - 0 views

www.middleeasteye.net/...igarchic-capitalism-1397733231

capitalism middle east

shared by Bakari Chavanu on 06 Mar 15 - No Cached
  • After World War Two, Britain and the USA pressured the United Nations into confiscating Arab land to form the state of Israel, making the Arabs pay for the crimes of the Germans. In addition to providing a nation for the Jews, Israel would be a forward base for Western economic and military power in the Middle East. To the Arabs it was another European invasion of their territory.
  • In the early 1950s, the USA and Britain overthrew the government of Iran because it tried to nationalise its oil industry, which was under Western control.
  • In the mid-1950s, Egypt decided to nationalise the Suez Canal and use the income from it to help their people out of poverty. They were willing to pay its British and French owners the full market value for their shares, but Western governments and Israel responded violently, invading and bombing Egypt into submission.
  • ...6 more annotations...
  • The USA and Britain committed similar atrocities in Iraq, Syria, Lebanon, Libya, Indonesia and Afghanistan. We overthrew their governments, installed dictators, undermined their economies - all to strengthen our business interests. In every nation where we now have terrorism, we had first assaulted them.
  • Capitalism is always at war. The violence, though, is often abstract: forcing us either to accept low-paying, exhausting jobs or starve; denying us adequate healthcare, education and economic security; convincing us that human beings are basically isolated, autonomous units seeking self gratification. But when this doesn't suffice to keep their profits growing, the violence becomes physical, the cannons roar, and the elite rallies us to war to defend "our" country and destroy the fiendish enemy.
  • Since 9/11 the USA has killed over 300,000 - a hundred times more than died in the World Trade Center. The overwhelming majority have been civilians.
  • As Martin Luther King stated with simple eloquence: "The greatest purveyor of violence in the world today is my own government."
  • Since they don't have our military power, they resort to guerrilla warfare. As Mike Davis wrote, "The car bomb is the poor man's air force."
  • www.amazon.com/dp/1897455844
Ian Schlom

The role of Germany in the war in Mali - 0 views

www.wsws.org/...mali-f12.html

Germany France Mali imperialism neo-colonialism 2013 Europe Africa capitalism

shared by Ian Schlom on 14 Feb 13 - No Cached
  • Ian Schlom on 14 Feb 13
     
    Berlin immediately declared its unconditional support for the French invasion of Mali, and has been providing material military aid to the French invasion. As the weeks go on, Berlin is providing more and more support for the invasion. qt: Since the belligerent nature of these operations and the training of Malian soldiers cannot be denied, they must be approved by the Bundestag (federal parliament), which should happen retrospectively in early March. Chancellor Angela Merkel, Defence Minister Thomas de Maizière and Foreign Minister Guido Westerwelle never tire of protesting that they are acting out of "solidarity with France" and for the "defence of the security of Europe against terrorists." This is the same mendacious war propaganda with which the United States justified the war against Iraq. Paris and Berlin say the aims of the war are the elimination of groups such as Al Qaeda in the Islamic Maghreb (AQIM) and the Movement for Unity and Jihad in West Africa (MUJAO). These same organisations were funded and armed in Libya by the US, France, Britain and their allies in Qatar and Saudi Arabia to fight against Muammar Gaddafi. In Syria, organisations like al-Nusra, which is close to Al Qaeda or works with it, are part of the National Coalition of the Syrian Revolution and Opposition Forces (NCSROF), which is recognised by the NATO powers and the Gulf countries as "the legitimate representatives of the Syrian people", and is armed and financed by them to foment the overthrow of the Assad regime. The article says that the invasion is a "dirty colonial war" and that the hated bourgeois regimes in the region are supported only by the French support in putting down uprisings. The role of Germany is unconditional military support for the French invasion. They're making Mali into a military base for the subjugation of Africa for purposes of capital.
Ian Schlom

Billionaire brothers turn up heat in Georgia Power solar debate - 0 views

www.utilitydive.com/...148305

capitalism climate_change energy Solar_Power Koch_Brothers 2013 US

shared by Ian Schlom on 09 Jul 13 - No Cached
  • Ian Schlom on 09 Jul 13
     
    My dad emailed this article to me. The Koch brothers lied about solar energy raising energy expenses for their own agenda. I told my dad "Sounds like capitalists compelled to do evil by the were-wolf hunger of capital. Know what I mean?" The article's own abstract: On July 11, Georgia's Public Service Commission will determine if Georgia Power, run by Southern Company, will have to acquiesce to local government demands to add 525-megawatts (MW) of solar power, despite already agreeing to acquire 270MW of solar. In the controversial debate, billionaire brothers Charles and David Koch have pressured regulators to reject the plan. But ahead of the vote, the Associated Press found the billionaires' group, Americans For Prosperity, has used misleading data to tip the debate. The billionaires claimed that new solar mandates would raise energy bills by 40%. But an analysis shows that even if solar power is more expensive than conventional energy, the amount demanded is equal to only 1% of Georgia Power's electric fleet. As a result, it's highly unlikely that adding more solar will impact electricity rates so significantly.
thinkahol *

Myriam Miedzian: Capitalism Uber Alles: How the American Working Class Got Brainwashed - 0 views

www.huffingtonpost.com/...uber-alles-how_1_b_775495.html

Myriam Miedzian: Capitalism Uber Alles: How the American Working Class Got Brainwashed

shared by thinkahol * on 30 Oct 10 - No Cached
  • thinkahol * on 30 Oct 10
     
    Why do so many working class Americans hold such detrimental false assumptions about their place in American society? Why this disconnect between self-interest and voting patterns?
Asif Sheeraz

Watch Capital Talk - 18th March 2009 - 0 views

www.pkaffairs.com/playshow.asp

shared by Asif Sheeraz on 23 Mar 09 - Cached
  • Asif Sheeraz on 23 Mar 09
     
    Justice (R) Malik Qayyum Former Attorny General, Ali Ahmed Kurd President SCBA, in Fresh episode of Capital Talk and discusses with Hamid Mir.
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