ANTI-CORPORATISM

During his announcement on Saturday Vargas said, “I’m here in my capacity as the head of Ecuador’s Indigenous movement…Mr. Andrés, or President as they are already calling you, we’re all in agreement on this, your proposals have the full support of the Indigenous movement,” reported People’s Dispatch.
Thanking Vargas, Arauz said, “We are building national unity and putting Ecuador first. We must work towards the plurinational state, truth, justice and reparations.” (Ecuador’s constitution proclaims the country a plurinational state and recognizes fourteen Indigenous nations within Ecuador.)
In endorsing Arauz, Vargas broke with a decision CONAIE made at a recent meeting to advocate a null vote in the Presidential runoff, (Ecuadorian voters have the option to vote for none of the above.)

MICHAEL HUDSON—If China had been crazy enough to have student loans and leave its graduates impoverished instead of providing free universities, China’s central bank could simply write off the student loans. No investors would lose, because the banks are owned by the government. Its position is, “If you’re a factory, we don’t want you to have to close down and unemploy your labor. We’ll just write down the debt. And if your employees are having a really hard time, we’ll just write down their debts, so that they can spend their money on goods and services to help expand our internal market.”

America’s banks are owned by the stockholders and bondholders, who would never let Chase Manhattan or Citibank or Wells Fargo just forgive their various categories of loans. That’s why public banking is so much more efficient from an economy-wide level than private banks. It’s why banking should be a public utility, not privatized.

THE EDITOR—We hope our readers will help us disseminate this article as widely as possible. The reason is obvious: associate editor Bruce Lerro has built here a powerful instrument to approach and persuade tens of millions of people still very much stuck in a completely useless and self-defeating fake liberalism represented by the Democratic Party. These people, many of whom have grown accustomed to following the abominable misleadership of the DNC cabals—the Pelosis, the Clintons, the Adam Schiffs, the Schumers, and their hacks, and the numerous virtue-signalling politicos allied with Wall Street and the Military Intelligence/Media/Academia complex , all sporting the right identity credentials and not much else—are not only wasting their time and betraying their own self-interest, financial and ideological, they are humanity’s biggest obstacle to a genuinely progressive politics capable of rescuing America and the world from the profoundly anti-democratic death cult of neoliberal imperialism.

VIJAY PRASAD—Indian farmers and agricultural workers have crossed the hundred-day mark of their protest against the government of Prime Minister Narendra Modi. They will not withdraw until the government repeals laws that deliver the advantages of agriculture to large corporate houses. This, the farmers and agricultural workers say, is an existential struggle. Surrender is equivalent to death: even before these laws were passed, more than 315,000 Indian farmers had committed suicide since 1995 because of the debt burden placed on them.  

ED CURTIN—With the rise of alternate media and a wide array of dissenting voices on the internet, the establishment felt threatened and went on the defensive.  It therefore should come as no surprise that those same elite corporate media are now leading the charge for increased censorship and the denial of free speech to those they deem dangerous, whether that involves wars, rigged elections, foreign coups, COVID-19, vaccinations, or the lies of the corporate media themselves. Having already banned critics from writing in their pages and or talking on their screens, these media giants want to make the quieting of dissenting voices complete.