Saker Message:
  • No current Saker Message.

Tag "capitalism"

Rewarding the criminals: how global capitalism preys upon the poor

by Jiwan Kshetry Corporations wiping out large chunks of biodiversity and killing people with impunity in Honduras and Brazil in collusion with the corrupt state machinery, are being rewarded for their contribution to ‘clean development’ as are those throwing hundreds into abject poverty and total unemployment in India. At the end, however, their projects are not ‘clean’ with no net gain for environment in terms of carbon emission. In its

Debt and Democracy – Has the Link Been Broken?

By Michael Hudson, a research professor of Economics at University of Missouri, Kansas City and a research associate at the Levy Economics Institute of Bard College, for Naked Capitalism A longer version of this article in German was published in the Frankfurter Algemeine Zeitung on December 5, 2011 Book V of Aristotle’s Politics describes the eternal transition of oligarchies making themselves into hereditary aristocracies – which end up being overthrown

What is really happening in Europe?

Londres flambe, Londres flambe, Quelle affaire, quelle affaire, Au feu ! Au feu ! Pas d’eau, rien à faire. French children’s song First, there were the riots in France.  Then the riots spread to other countries, Spain, Greece, and now the Britain.  As I sit and watch the various news reports I am amazed to see to what degree they are all missing the point and misreading the nature of

Excellent discussion of the crisis in Greece

George Kenny has recorded yet another most interesting interview, this time with Dr. Richard Wolff. They discuss the economic crisis in Greece, of course, but also the larger implications of the latest manifestation of the crisis of capitalism. Excellent stuff, I highly recommend it! Check it out here: http://www.electricpolitics.com/podcast/2011/06/the_athenian_zephyr.html More generally, George churns out one interesting interview after another, week after week.  Keep an eye on his “Electric Politics”! The

Excellent discussion of the crisis in Greece

George Kenny has recorded yet another most interesting interview, this time with Dr. Richard Wolff. They discuss the economic crisis in Greece, of course, but also the larger implications of the latest manifestation of the crisis of capitalism. Excellent stuff, I highly recommend it! Check it out here: http://www.electricpolitics.com/podcast/2011/06/the_athenian_zephyr.html More generally, George churns out one interesting interview after another, week after week.  Keep an eye on his “Electric Politics”! The

The obtuse idiocy of US capitalism in one small paragraph

Here is a recent article from the BBC website:  How long is the ideal nap? Air traffic controllers in the US have been advised to take 26-minute naps, after a string of incidents involving workers falling asleep. So is 26 minutes the ideal length of time for a nap?  Five cases of air traffic controllers falling asleep on the job have been revealed since March. In three of those cases,

Labor Day / May Day

The observation of Labor Day on the first Monday in September is usually attributed to the Knights of Labor who held their first parade on September 5, 1882. But far more important is the Haymarket Riot/Massacre of 1886. (See also graveyards.com and kentlaw.edu. There are several interpretations of what occurred, and monuments have been constructed to both the demonstrators and the police. A reasonable summary is that the labor organizers

Top 10 percent of earners in America now receive nearly 50 percent of all the income earned in the United States

by Daniel Tencer for the Raw Story The wealthiest 10 percent of Americans now have a larger share of total income than they ever have in records going back nearly a century — an even larger amount than during the Roaring Twenties, the last time the US saw such similar disparities in wealth. In recent years, the fact that differences between rich and poor are the greatest they’ve been since

Yes, I am my brother’s keeper

By Siv O’Neall, Axis of Logic Columnist The polarized world Do we need further proof that greed is not the solution for a sound economy? Do we need further proof that capitalism is foundering? Do we need further proof that ignoring the poor is not the way to make the world go round? That selfish accumulation of wealth is not the key to peace of mind and a life worth

↓