JOHN BELLAMY FOSTER—There are old theories of economic breakdown (where Henryk Grossman is the most famous example) that still have some currency among the left — the notion that the system will just economically break down due to a falling rate of profit, and in the midst of it the left will rise. But capitalism isn’t going to exactly economically break down: what we have is a problem of stagnation, which is very slow growth and rising unemployment (and underemployment) and excess capacity. So the system doesn’t really collapse, but because the pie is not increasing, in order for capital to get its profits and accumulation, they have to take bigger slices of the pie, which means everybody else gets smaller slices, so inequality increases. The system just sort of splutters along, and the conflicts get more intense, but there’s no actual economic breakdown.
BANKING & FINANCE
AMERICAN BRAINWASHAMERICAN EXCEPTIONALISMBANKING & FINANCECAPITALISM & SOCIALISMCAPITALIST SICKNESS
ABOMINATIONSBANKING & FINANCEBOURGEOIS VALUESBRITISH/ EU/ NATO COMPLICITYCAPITALIST SICKNESS
ALASTAIR CROOKE—But first, as Tooze notes, the ‘pattern’ starts with Woodrow Wilson’s observation in 1916, that “Britain has the earth, and Germany wants it”. Well, actually it was also about British élite fear of rivals (i.e. Germany arising), and the fear of Britain’s élites of appearing weak. Today, it is about the American élite fearing similarly, about China, and fearing a putative Eurasian ‘empire’.
AMERICAN BRAINWASHAMERICAN DUPLICITYAMERICAN EXCEPTIONALISMAMERICAN PARTY DUOPOLYAMERICAN STUDIESANTI-NEOLIBERALISMBANKING & FINANCEBOUGHT POLITICIANS & PHONIESBOURGEOIS VALUESBRITISH DEVIOUSNESSBRITISH/ EU/ NATO COMPLICITYCAPITALIST SICKNESSCAPITALIST SYSTEMIC POVERTYCAPITALIST TENTACLES & FRONTSCITIZENS COUNTER-PROPAGANDACLASS ANALYSISCORPORATE CRIMINALITYCORPORATE FASCISMCORPORATE OWNED PARTIESCULTURE & CRITICISMCULTURE & HISTORYEUROPEAN UNIONFRANCE
AIDAN O’BRIEN—The Europeans are pushing against liberalism and its neoliberal progeny. Never mind the fact that the new or alternative political parties they vote for are failing to live up to their critical manifestos. The point is that probably 50% or more of the Europeans have had enough of liberal capitalism. And this means that they have had enough of the EU. How this plays out though is anyone’s guess.
ABOMINATIONSAMERICAN DUPLICITYANGLO-AMERICAN ALLIANCEANTI-IMPERIALISM FIGHTERSANTI-NEOLIBERALISMBANKING & FINANCEBOUGHT POLITICIANS & PHONIESBRITISH/ EU/ NATO COMPLICITYCAPITALISM & SOCIALISMCAPITALIST SYSTEMIC POVERTYCAPITALIST TENTACLES & FRONTSCITIZENS COUNTER-PROPAGANDACLASS ANALYSISCLASS COLLABORATIONCORPORATE OWNED PARTIESCORPORATE WHORESFILTHY NEOCONSFINANCE CAPITALGLOBALIZATION or CORPORATIZATIONGREECE
PETER KOENIG—The debt on Greece was imposed by the troika and accepted by the Tsipras Government against the will of the people, who in a referendum on 5 July 2015 voted with an overwhelming 61% NO to the bail-out package, of which not one euro has benefitted the Greek people, but covered merely Greece’s debt service, i.e. interest and related fees; and, second, the Greek debt was and is by IMF standards – admitted in private by Mme. Lagarde – beyond Greece’s repayment capacity…
AMERICAN BRAINWASHAMERICAN DUPLICITYAMERICAN EXCEPTIONALISMAMERICAN PARTY DUOPOLYAMERICAN PROPAGANDAAMERICAN STUDIESANTI-NEOLIBERALISMBANKING & FINANCEBOUGHT POLITICIANS & PHONIESBRITISH DEVIOUSNESSBRITISH/ EU/ NATO COMPLICITYCAPITALISM & SOCIALISMCAPITALIST SYSTEMIC POVERTYCAPITALIST TENTACLES & FRONTS
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