Modern Monetary Theory (MMT) and the Power of the US Dollar in the World Economy, P1

by Stansfield Smith, published on the Orinoco Tribune, September 14. 2020 A primer on US Hegemony and the global economy.  Part 2 is HERE Modern Monetary Theory (MMT) has become popularized by some of the liberal-left because it offers an explanation how to achieve full employment, national health insurance, free college education, and the Green New Deal without raising taxes. Political[…]

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Why the US Can Keep Increasing its Debt and not Suffer Inflation, P2

by Stansfield Smith, published on the Orinoco Tribune, September 15, 2020 A primer on US Hegemony and the global economy.  Part 1 is HERE The US Still Dominates the World Economy The US ruling class has dominated the planet since the end of World War II. Key elements of this control include its military superiority in nuclear and conventional weapons,[…]

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Examining the Wreckage White Supremacy and Imperialism Have Wrought

by Nick Estes and Roxanne Dunbar-Ortiz, published on Black Agenda Report, August 5, 2019 Indigenous and African resistance and intellectual traditions provide key insights to the very nature of capitalism and how it has unfolded throughout space and time. “The young people in the streets are true revolutionary theoreticians, moving history along, sometimes at speeds that feel daunting.” The United[…]

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US Declares a Vaccine War on the World

by Prabir Purkayastha, published on Asia Times, May 27, 2020 Donald Trump launched a new vaccine war this month, but not against the virus. It was against the world. The United States and the UK were the only two holdouts in the World Health Assembly from the declaration that vaccines and medicines for Covid-19 should be available as public goods, and not under exclusive patent[…]

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U.S. Tries to Deflect COVID Fiasco Onto China

By Sara Flounders posted on Workers World, May 26, 2020 A growing world confrontation is roaring onto the political and economic scene. Not a day goes by without the corporate media in the U.S. carrying totally distorted and negative news attacks on the People’s Republic of China. Republicans and Democrats are trading barbs over who is “soft” on China. Business[…]

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Killer Capitalism Says “Back to Work!” in a Pandemic

by Jeff Mackler and James Fortin, published on Socialist Action, May 21, 2020 Over the past several weeks, daily new cases of COVID-19 in the U.S. have remained in the 22,000–25,000 range. By June 1, it is estimated that the number of deaths each day will rise to 3,000. Yet all 50 states now have begun lifting socially-protective measures aimed[…]

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