Casino Capitalism

Capitalism’s World Economic, Political and Social Crises and the Road to Fight Back

June 28, 2022 UNAC Editor Capitalism, Economics, Imperial greed, Resistance

by Jeff Mackler, published on Socialist Action, June 21, 2022 Today, world capitalism’s neo-liberal globalization is best characterized as a new form of organization where global value chains have become the dominant form of production, employing workers for one out of every five jobs on the planet. From low to high tech commodities, basic consumer goods to heavy capital equipment,[…]

Three-Card Monte, Wall Street-Style

February 1, 2021 UNAC Editor Economics, Resistance

by Michael Brenner, published on Consortium News, January 30, 2021 Background: This is not only an entertaining story but instructive. Not too long ago, an enterprising young man bought stock in GameStop, a failing company that has (at least) sentimental value to other young people, and then drove the price up by bringing in other investors through intensive promotion on[…]