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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Democratic COBRA Plan Denounced as Costly Taxpayer Gift to For-Profit Industry

by Jake Johnson, published on Common Dreams, May 13, 2020 For weeks, progressive lawmakers and advocacy groups pressed the House Democratic leadership to support an emergency expansion of Medicare coverage to the tens of millions of people who have lost their jobs and their employer-provided health insurance during the coronavirus pandemic. But in their newly introduced 1,815-page coronavirus relief bill,[…]

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Mass Unemployment is a Failure of Capitalism

by Richard D. Wolff, published on NewsClick, May 10, 2020 The difficulties caused to workers by record unemployment during the pandemic are a product of capitalism. Most of the time, employers decide to hire or fire workers depending on which choice maximizes employers’ profits. Profit, not the full employment of workers nor of means of production, is “the bottom line”[…]

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