Apr 092014
 
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GUEST EDITORIALS

“Capitalism itself depends on the assumption of endless growth…”

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By Rick Staggenborg, MD, Soldiers for Peace International

As any literate citizen knows, the global economic crisis was brought about by the unregulated banksters who run Wall Street. Few realize that in the aftermath of the near-collapse of the system of international credit, they have expanded a shadow economy that has been financed by taxpayer dollars. The total value of the derivative and commodities markets is now many times the world GDP. This system amounts to a pyramid scheme. If unchallenged, it is destined to leave the rich more powerful than ever and the 99% destitute. The growth-based debt economy is not capable of recovering, yet mainstream economists cannot seem to fathom why. Continue reading »
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Feb 012014
 
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BOOKS REVIEWS
PCR-LaissezFaire“Safe Passage…, with a Big If: A Review of Paul Craig Roberts’ The Failure of Laissez Faire Capitalism

By Gary Corseri

Here’s a book that presents its theses nimbly, deftly, consummately. Roberts can be as “elegant” as a mathematical proof, and as down-to-earth, colloquial, no-B.S. as a man who has walked the windy labyrinths of power, observing closely, “testing axioms on the pulses,” and finding his own way to what works—and to Truth. Economics may be the “gloomy science” for most of its glum practitioners, but in Roberts’ humanist hands, it’s a scalpel to carve order from disorder—to framework the challenges of our precarious, modern, globalized world; to alert us to the dangers we face now, and the even graver threats ahead if we cannot restore real democracy, moral sensibility and rational balance. Continue reading »

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Jan 212014
 
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Bill Gates is now promising to cure poverty in two decades. Typical American delusion, like counterinsurgency theories that claim to want to win the hearts and minds of people while ignoring the social causes of rebellion and subjecting the people to harsh tyrannies and exploitation.

Editor’s Note: Bill Gates is now absurdly promising to eradicate poverty in two decades. This is typical American evasionism, like US counterinsurgency theories that claim to want to win the hearts and minds of people while conveniently ignoring the social matrix of rebellion—institutionalized oppression and poverty— and subjecting the people to harsh repression, imposed tyrannies, wholesale occupation, and gross exploitation. The great fount of poverty and inequality is global capitalism, and it will not cure itself, even if Gates were sincere about wanting to fix its toxicity. In fact, the US government alone, which represents the consensus of the American and world plutocracy, spends trillions of dollars a year maintaining the very system of inequality that Gates is now supposedly aiming to dislodge.

Andre Damon and Barry Grey, wsws.org

On the eve of the annual spectacle of parasitic wealth and power that is the World Economic Forum in the Alpine resort town of Davos, Switzerland, the Oxfam charity has issued a report warning of the unprecedented growth of social inequality throughout the world. Continue reading »

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Dec 182013
 
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By Gaither Stewart
(Rome)

Marx: Insulted by his enemies but rarely read or understood.

Marx: Always insulted and slandered by his enemies but rarely read or understood.

I speak of myself as a Socialist but in my innermost self I think of myself as a Communist. I prefer the Communist name to the beautiful word “Socialist” because the latter has in many places been either altered, weakened, diluted, deformed, its real meaning betrayed by social democrats happy to do capitalism’s bidding, and it has become ambiguous and has been ostracized as in the capitalist homeland, USA. Moreover, as a rule the Socialist designation is qualified in one way or another that detracts from its real meaning: Democratic Socialist, National Socialist, Freedom Socialist, Progressive Socialist, ad absurdum. Anything you want it to mean.  Still, although very few Americans want to be known as Socialists, in recent times one hears it used more and more often, as in the organization, Socialists of America.

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 Posted by at 5:50 pm