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Capitalism in Crisis

Look Who Benefits from War: PepsiCo, IBM, Microsoft, Krispy Kreme. . .

Sunday, 11 May 2008 8:49 A GMT+01

Corporations such as PepsiCo, IBM, Microsoft and Johnson & Johnson are, indeed, typical defense contractors. To suggest that such firms, and tens of thousands like them, only receive defense-related contracts occasionally is far from the truth.

Are the Financial Media Downplaying Possibility of a Depression?

Sunday, 11 May 2008 8:49 A GMT+01

A major part of the problem is that the financial journalists who cover Wall Street are used to writing for Wall Street's customers--the very mortgage companies and financial institutions that were raking in millions from the subprime bubble.

Consumer Capitalism 101

Thursday, 8 May 2008 8:39 A GMT+01

An unspoken, historic deal has defined US capitalism for 150 years. Capitalists paid rising wages to enable rising working class consumption. Workers had to provide rising work effort, rising profitability, and thus the even faster rise of profits.

"Iron Man" - Capitalist Propaganda Movie

Wednesday, 7 May 2008 8:42 A GMT+01

Iron Man represents Stan Lee's adolescent dog-eat-dog version of capitalism, one that appeals to our "might makes right" ape brains: Innovation is good; monopolies rock when we run them, suck when we don't; and big corporations need millionaire CEOs.

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Capitalism Is Staggering [The Writing's on the Wall]

Friday, 2 May 2008 9:26 A GMT+01

This new world of exotic speculative investments is portrayed as full of "nitroglycerin," rife with "weapons of mass destruction," and carrying lethal "viruses" - to refer to some of the alarming metaphors now commonly employed by the financial press

Barack Obama Adored by Corporate America

Friday, 2 May 2008 8:54 A GMT+01

Pick up a copy of Obama's book "The Audacity of Hope." The subtext is clear. It is a steady reminder to corporate America, a reminder bolstered by Obama's voting record, that corporations would have nothing to fear from an Obama presidency.

Democrats Split: It's Class Conflict, Stupid

Wednesday, 30 April 2008 6:57 P GMT+01

There's a profound social gulf in the Democratic party. The upscale liberals who revere Obama have spent their lives championing equality and opposing privilege. But they’ve smashed the old WASP social hierarchy only to create a new educational one.

United States Capitalist Party [USCP] Consists of Two Factions

Monday, 28 April 2008 9:13 A GMT+01

The difference between the two factions: When the Republican calls for a 20 percent cut in wages, the Democrat decries this as outrageous and instead proposes a 10 percent cut. In short, the choice we are offered is that of the 'lesser of two evils.'

McCain, Clinton, Obama: Watching The Wannabes Playing at "Plain Folk"

Sunday, 27 April 2008 8:53 A GMT+01

Of course, the end result of all this political campaign manipulation and phony media controversies is to select, promote and get some public support for a candidate who will be a lot more in touch with the ruling class than with the working class.

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Panic in the Malls: The Consumer Binge Is Over

Thursday, 24 April 2008 8:58 A GMT+01

Transfixed by the credit crisis, we're missing the year's biggest economic story: the end of the Great American Shopping Spree. For the past quarter-century, Americans have been on an unprecedented consumption binge - for cars, TVs, longer vacations.

Fuck Charity! [Helping the Privileged Feel Good about Themselves]

Wednesday, 23 April 2008 8:55 A GMT+01

'American Idol' was not giving back anything, besides the enormously heavy air of self-congratulation. The people giving back were the public -- manipulated by clips and photos of tearful, pitiful-looking black and brown children, women and men.

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3: Fantasy Five [Explicit Videos]

Tuesday, 22 April 2008 10:26 A GMT+01

Then I thought again about the ad's rationale. The girl was unquestionably the hippie chick, but the man, the driver, presumably, the car's owner, is definitely not a hippie guy. He a rather bland looking, conservatively attired, middle-aged man.

US Right Wing Accuse Europe of "Anti-Capitalist Propaganda"

Tuesday, 22 April 2008 8:53 A GMT+01

At a time of a worldwide economic reversal, when the instability and exploitation associated with capital accumulation is laid bare, the attack on European “anti-capitalism” is ideological indoctrination of an old-fashioned capitalist kind.

Capitalism in Crisis [But The Wet Dreams Continue]

Sunday, 20 April 2008 9:46 A GMT+01

The ad cuts from the speedy car and its middle-aged driver to quick shots of a laughing and smiling young girl, maybe about 18 years old. But the girl doesn't look like the kind you would see on college campuses today. More like a "hippie chick."

Bittergate & the Great American Taboo [Discussing Class]

Sunday, 20 April 2008 9:45 A GMT+01

Barack Obama - more intelligent and observant than the average bourgeois politician - said a mouthful, and perhaps more than he intended. He violated the conventional rules of big business politics in America by raising the taboo subject of class.

Obama: The "Bitter" Truth [Indirectly, He Condemns Capitalism]

Wednesday, 16 April 2008 8:58 A GMT+01

The American media and political rivals opened fire on Obama after he committed the unpardonable offense of speaking the truth, or at least some of it, about the bitterness among the working class over their relentless exploitation under capitalism.

Recession? What Recession? CEOs Get Huge Pay Rises

Monday, 14 April 2008 8:48 A GMT+01

Amid the onset of a recession sparked by the ongoing collapse of the mortgage bubble, and calls for massive wage and benefits concessions from workers, US corporate management is continuing to award itself immense salaries and golden parachutes.

While the Economy Collapses Presidential Candidates Entertain

Friday, 11 April 2008 9:09 A GMT+01

Blazing fake bleached smiles, the candidates have been telling their loyal party audiences exactly what they want to hear: vote for me, and I, like the proverbial all-American hero, will take our party to triumph and resuscitate the American dream.

The Clintons' Cash Cow

Thursday, 10 April 2008 9:07 A GMT+01

Progressive forces, like the Nation magazine, say we should “exert pressure” on Clinton and Obama so as to move them to the left. How absurd! They are millionaire politicians who have enriched themselves along with the rest of a crass nouveau riche.

America Fights Foreign Wars to Defend Capitalism

Tuesday, 8 April 2008 8:47 A GMT+01

Can you imagine 'our' president openly imploring America's young people to fight a foreign war to defend "capitalism"? The word itself is taboo. The approved reference now is the market economy, free market, free enterprise, or private enterprise.

The Housing Bubble: America Was Conned

Monday, 7 April 2008 8:41 A GMT+01

It's not about whether the US is in recession but how deep and long that recession will be. Super-bears have started to say that this is perhaps "The Big One" - the onset of a new Great Depression. Rescuing Bear Stearns hasn't silenced those voices.

28 Million Americans Rely on Food Stamps to Survive

Wednesday, 2 April 2008 8:33 A GMT+01

We knew things were bad on Wall Street, but on Main Street it may be worse. As a new economic recession stalks the United States, a record number of Americans will shortly be depending on food stamps just to feed themselves and their families.

Capitalist Fundamentalism; The God of Consumption

Monday, 31 March 2008 9:06 A GMT+01

The main dynamic is the transformation of living nature into dead commodities, creating tremendous waste in the process. The driver of this process is increasing consumption. The motivation is profit or capital accumulation: capitalism, in short.

Capitalism in Crisis: A Financial Earthquake Was Inevitable

Monday, 31 March 2008 9:05 A GMT+01

This huge pyramid of debt was made possible by thirty years of relentless deregulation of financial markets, allowing banks to deal in high-risk securities. Washington regulators became passive enablers to Wall Street's financial binge drinkers.

Capitalist Exploitation: Free Market Terrorism

Friday, 28 March 2008 9:36 A GMT+01

When banks, hedge funds, and rich investors get hurt, they use markets to shift the pain onto others. Banks sought to recoup losses from their bad investments by withdrawing credit from individuals and businesses and/or charging more for the loans.

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Capitalism in Crisis