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Richard D. Wolff – Capitalism – Not China – Is to Blame for the Current Global Economic Decline

Capitalism, like a speeding train, barreled into a stone wall in 2008. Shocked and dazed, its leaders have been trying to “recover.” By that, they mean to fix the mangled tracks, reposition the locomotive and cars on those tracks and resume forward motion. No basic economic change, in their view, is needed or even considered. They see no absurdity in …

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Norman Pollack – Failure of the American Left: Iron-Fisted Co-Optation

This week, Tuesday (Dec. 15) to be exact, I was a guest on Gary Null’s WBAI/Pacifica radio show, preceded by Chris Hedges, a solid analyst and critic of the contemporary social order, to discuss the failure of American radicalism to act as as a transformative political-ideological social force in opposition to repression at home, intervention abroad. As usual, Gary’s questions …

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Prof. James Petras – Imperialism and Capitalism: Rethinking an Intimate Relationship

he literature on imperialism suffers from a fundamental confusion about the relationship between capitalism and imperialism. The aim of this paper is to remove this confusion. The paper is organised in three parts. In Part I we state our own position of the capitalism-imperialism relation. In part II we discuss some major points at issue in the Marxist debate on …

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HENRY GIROUX – Terrorizing School Children in the American Police State

Americans live in an age, to rephrase, W.E.B. Dubois, in which violence has become the problem of the twenty-first century. As brutalism comes to shape every public encounter, democratic values and the ethical imagination wither under the weight of neoliberal capitalism and post-racial racism. Giving way to the poisonous logics of self-interest, privatization, and the unfettered drive for wealth,  American …

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Paul Street – ISIS is US: the Empire and the Evil Genie It Released

The reigning politics and media culture of the United States is not without moments of high comic relief. Three weeks ago, for example, CNN’s Chris Cuomo presented the buffoonish Republican presidential candidate Donald Trump with a bizarre hypothetical situation. What would Trump do, Cuomo asked, if he met the Pope and the pontiff expressed his opinion that capitalism can be …

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Ismael Hossein-Zadeh – The Age of Finance Capital—and the Irrelevance of Mainstream Economics

Despite the fact that the manufacturers of ideas have elevated economics to the (contradictory) levels of both a science and a religion, a market theodicy, mainstream economics does not explain much when it comes to an understanding of real world developments. Indeed, as a neatly stylized discipline, economics has evolved into a corrupt, obfuscating and useless—nay, harmful—field of study. Harmful, …

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Alan Nasser – The Myth of the Middle Class: Have Most Americans Always Been Poor?

One of the most firmly entrenched myths of the American Ideology is that the U.S. is a “middle class society,” a “land of opportunity” where anyone who works hard has the opportunity to achieve the standard of living which has made America “the envy of the world.” A common, and spot on, rejoinder has been to remind us that America …