Now that so many people have realized that the capitalist system is riddled with problems, they want a clear explanation about the functioning of the system. They are dissatisfied and impatient with how school courses, ...
Throughout its history—wherever it arrived and settled in as the dominant economic system—capitalism provoked struggles over the redistribution of wealth. In other words, this system always distributes wealth in a particular way and likewise produces ...
Like all previous economic systems in recorded history, capitalism is on track to repeat the same three-step trip: birth, evolution, and death. The timing and other specifics of each system’s trip differ. Births and evolutions ...
To grasp the sheer magnitude of U.S. economic inequality in recent years, consider its two major stock market indices: the Standard and Poor (S&P) 500 and Nasdaq. Over the last 10 years, the values of ...
The more victims and critics of capitalism coalesce and thereby strengthen one another, the more that economic system is questioned and challenged. That in turn provokes capitalism’s defenders. They increasingly resort to attaching qualifying adjectives ...
“The spectacle of political “leaders” disconnected from basic social realities survived Trump’s defeat.” The spectacle of political “leaders” disconnected from basic social realities survived Trump’s defeat. He and his GOP had shown little grasp of ...
No matter who “won” the U.S. election, what will not change is the capitalist organization of the country’s economy. The great majority of enterprises will continue to be owned and operated by a small minority ...
In Washington Post reporter Bob Woodward’s new book, Rage, he reports on interviews he did in February and March with U.S. President Donald Trump about the coronavirus. Trump admitted that the virus was virulent, but he decided to ...
Viewing the GOP convention seemed a little like binge-watching the last several years’ parade of none-too-subtle signs of incipient fascism. We saw extreme nationalism, scapegoating immigrants and foreigners in general, white supremacy, “strong (narcissistic)-man” government, ...
Near the end of his life Lenin gave a speech that referred to the USSR as a transitional society. He explained that socialists had taken state power and could thereby take the post-revolutionary economy—which he ...
The coronavirus pandemic has allowed us to conduct an experiment on how government assistance is good for people and the economy. When Congress passed the CARES Act earlier this year, lawmakers gave some low-wage Americans ...
Telsa CEO Elon Musk is once again under fire, this time for tweeting “We will coup whoever we want! Deal with it.” in reference to the 2019 US-backed coup in Bolivia. (By: Alan Macleod, Mintpress ...
The Trump administration has turned sharply toward economic nationalism. It attacks and undermines the World Trade Organization, NATO, and the UN. Trump and other top officials explicitly insult many world leaders. He imposes high tariffs. ...
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, ...
“A consequence of the failure of the austerity politics is that ideas that had been unthinkable just a few months ago—such as nationalization of hospitals and provision of substantial income support to unemployed workers—is on ...
The left and right-wing struggle in Bolivia to hold onto power after the forced resignation of Bolivia’s longtime socialist leader Evo Morales reflects the growing divide across Latin America. The recent forced resignation of Bolivian ...
Morales was the first indigenous president in his majority indigenous nation – one that has been ruled by a white European elite since the days of the conquistadors. (By Alan Macleod, FAIR) Army generals appearing ...
When Evo Morales and the Movement for Socialism took power in 2006, the government immediately sought to undo decades of theft by transnational mining firms. Bolivia’s President Evo Morales was overthrown in a military coup ...
What “Free Lula” meant was not only the freedom of Lula, but also an end to lawfare as an instrument against the people. Just before 5 p.m. on Friday the 8th of November, Brazil’s former ...
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