Marx argued that capitalism is inherently chaotic and crisis-prone, with a constant drive for profits leading to mechanization and the exploitation of workers. He also believed that capitalism’s focus on creating and satisfying arbitrary desires would lead to a society driven by a constant need for more and more products, even if they are not truly necessary. In addition, Marx predicted that capitalism would lead to globalization, with companies searching for new markets and cheap labor around the world, and the concentration of market power in large monopoly firms. He also believed that capitalism would lead to increasing inequality and the alienation of individuals from the work they do and the products they produce. While Marx was wrong about some aspects of capitalism, his analysis correctly predicted several aspects of contemporary capitalism.
Tag Archives: Capitalism
Was Karl Marx right?
It is difficult to say whether Karl Marx was right in his predictions about the eventual collapse of capitalism. While many of the issues that he identified, such as exploitation and inequality, continue to be relevant today, the exact course of history has not unfolded exactly as he predicted. However, Marx’s critique of capitalism remains an important and influential perspective in understanding the dynamics of the economy and society.
It’s important to note that Marx’s ideas were developed in the 19th century and were based on the conditions and experiences of that time. As such, they may not be applicable or relevant to the complex and rapidly-changing world of the 21st century. Additionally, Marx’s theories were not intended to be predictive or prescriptive, but rather were meant to provide a critical analysis of capitalism and its effects on society. While some of Marx’s ideas have been challenged by events and developments in the world, his theories continue to be a valuable source of insight and debate in the fields of economics and political science.
@ where Marx went wrong ?
By Iqbal Latif
Marx was the best thinker but he thought that the world will not move forward and has frozen that will continue with extreme suppression of labour. Marx & Engels in the Communist Manifesto in 1848 said ‘the proletarians have nothing to lose but their chains. They have a world to win. Working Men of All Countries, Unite! ‘
Marx could not believe that workers in a century plus will become partners in firms like MSFT INTEL Google and FB and 🍎!
Marx could not imagine mental cerebral capacity of man will create a trillions of $ worth universally 24/7 connected economy that will be managed not by 18 hours a work day dungeons labour force but intelligent servers.
Marx never thought that Apple and like of those will make huge extraordinary complexes to get the best out of workers not wretched conditions.
Marx thought that entrepreneur will extract the last drop out of the workers body. He could not imagine a capitalist state agreeing on 36 hours work week!
Marx had no idea of an economy based on service! ‘Employees Holidays’ are a huge industry, that he never thought or could imagine. An employee or a worker today enjoys the same holidays as his boss in a fair capitalist society.
Marx never thought that accumulated wealth by largest billionaires will be transferred freely without a war to the next generation of mankind not to their children. Gates Buffet Zuckerberg phenomenon. This was not envisaged in his Das Kalital!
There was no concept in Das Kapital of a capitalist state taking care of the basic education health and shelter of every child from cradle to the grave!
Marx thought that the grain of ‘Historical Exploitation of man’ is genetically homed in and if will continue. That actually did not happen, the world thinking changed 180 degree.
The only place where such exploitation continues are the Marxist countries like North Korea and Cuba! Freedom of action is curtailed. Deng freed the Chinese nation from exploitation of the state in the name of Great Leap Forward.
I think forget about complicated jargon what destroyed Marxism was benevolence of the state ‘ the kind of state education system, the NHS and the housing policies of capitalist states plus a punitive taxation structure where multiplication of unbridled wealth is checked and not allowed to be transferred without hefty cuts.
It was Deng who destroyed Marxism more than anyone else next was Yeltsin!! These issues highlighted above cannot be answered by Das Kapital – it is like the Genesis that went time barred with emergence of Hubble and LHC Couldron. There was no room left for 6/6000 days creation by a super creator.
Courtesy: Above article adopted from Social media.
Via – Facebook
Karl Marx Was Right
By Chris Hedges
Karl Marx exposed the peculiar dynamics of capitalism, or what he called “the bourgeois mode of production.” He foresaw that capitalism had built within it the seeds of its own destruction. He knew that reigning ideologies—think neoliberalism—were created to serve the interests of the elites and in particular the economic elites, since “the class which has the means of material production at its disposal, has control at the same time over the means of mental production” and “the ruling ideas are nothing more than the ideal expression of the dominant material relationships … the relationships which make one class the ruling one.” He saw that there would come a day when capitalism would exhaust its potential and collapse. He did not know when that day would come. Marx, as Meghnad Desai wrote, was “an astronomer of history, not an astrologer.” Marx was keenly aware of capitalism’s ability to innovate and adapt. But he also knew that capitalist expansion was not eternally sustainable. And as we witness the denouement of capitalism and the disintegration of globalism, Karl Marx is vindicated as capitalism’s most prescient and important critic.
In a preface to “The Contribution to the Critique of Political Economy” Marx wrote:
Read more » truthdig
See more » http://www.truthdig.com/report/item/karl_marx_was_right_20150531
Conversation Between Noam Chomsky, Paul Craig Roberts and Rob Kall part 1– the future of capitalism
Conversation Between Noam Chomsky, Paul Craig Roberts and Rob Kall part 1– the future of capitalism
By Rob Kall
NC: Well the first point to mention is that we’re very far from a capitalist economy and have never been one — it’s a state capitalist economy with substantial state intervention that, in many respects from basic research and development to manipulating interest rates to determining the laws that administer regulations that permit CEOs to pick their own boards and hence to enhance their salaries, and thousands of other ways. What’s the future of it? That depends on how the public will respond to the circumstances in which there are. I mean, there is an institutional logic which will perpetuate things in a certain direction, but it is not graven in stone. It has been in the past, and can be in the future, influenced, modified, even radically changed by public engagement and action. And there’s no way to predict that — those are matters for action not for speculation.
Rob: OK, Paul?
PCR: Well I think that’s a very insightful view of it. All I would add is that in more recent years, the private interest groups seem to have taken control of the government. Wall Street, Military Security Complex, Agribusiness, the extractive industries — their campaign donations elect the House, the Senate, the President, and they then write most of the bills that Congress passes and the President signs, so it’s a form of state capitalism in which the capitalists seem to have the upper hand.
I think that greed has run away with them to such an extent that they have let it undermine the domestic economy on which they themselves depend. For example, they greatly increased profits in managerial or executive performance bonuses by offshoring so many of the middle class jobs, not only the manufacturing jobs but the professional tradable service jobs, such as software engineering, research, design — these things have left, or a large percentage of them, and it erodes consumer purchasing power. The middle class is damaged, the kids who graduate from university expecting jobs find that jobs are offshored, they’ve got debts, increasingly the big retail box stores just offer part-time employment — you can’t form a household on one of those jobs. You can’t get married, buy a house. You have to work two of those jobs, some people three. There are no benefits, no pension. The years of zero interest rate, in order to save the big mega banks, have caused the retired element to have to draw down their savings because they don’t get any interest income, and so inheritance for children is disappearing. And so the whole system has become a house of cards.
Massive debt/money creation is not matched by the increase in real goods and services. As Chomsky said, interest rates are rigged, the gold price is rigged, the stock market is a bubble, the dollar is a bubble — in a way it’s a house of cards. And the power of the United States rests, to a substantial extent, on the dollar being the world reserve currency. And yet, when you create massive new dollars to support quantitative easing but the goods and services don’t increase, you worry the whole world about their dollar holdings. And then you step in and threaten other countries with sanctions? That gives them an incentive to leave the dollar payment system, which means the demand for dollars drops.
So, I think the whole thing is a house of cards and that change could come from a substantial collapse that simply totally discredits the elites from both parties; and some kind of collapse of that extent would give room for the sort of thing Noam mentioned — that people could get back in and be determining factors in the process and some kind of new leadership could arise.
Read more » OpEdNews
Learn More » http://www.opednews.com/articles/Transcript-Conversation-B-by-Rob-Kall-Capitalism_Climate_Greed_Predatory-Capitalism-140928-11.html
The biggest threats to American workers
By Rick Newman
A century ago, roughly one-third of U.S. workers toiled in agriculture. Now just 1.5% do. Yet agricultural output has skyrocketed, and the United States, after feeding itself, has plenty of food left over to export.
That explosion in agricultural productivity is considered a crowning achievement of 20th-century capitalism. Yet a similar trend that may now be underway in manufacturing and even the service economy isn’t viewed with the same reverential awe. Instead, the rise of robots and computers in place of workers looms as one of the great challenges in capitalism’s next century.
Read more » Yahoo News
Malnutrition in Pakistani children, its causes, consequences and recommendations
Madam, malnutrition is a pathological condition resulting from deficiency of one or more nutrients and has a wide range of clinical manifestations. Children are amongst the worst-affected groups. In 2001, it was noted that malnutrition caused 54% deaths in children living in developing countries.1 The World Health Organization through the Millennium Development Goal 4 has recognized that improved nutrition is crucial in reducing the under-5-years mortality,especially in the developing countries.2
Laying its special emphasis in our part of the world, the percentage of malnourished children is highest in Asia with 70% of undernourished children living in this part of the world. In South Asia, one out of two preschoolers is underweight and has stunted growth.3 In Pakistan,33.03% (CI= 27.96-38.54)of children under the age of 5 are underweight, 53.38% of the children are stunted and wasting has been reported in 11.52% of the children,4 which clearly shows that the nutritional status in this country is poor.Goiter caused by iodine deficiency is also common with the highest cases reported in Pakistan, India and parts of Indonesia.3
Marasmus, Kwashiorkor or Marasmus Kwashiorkor will probably develop in a child who is malnourished for a prolonged period of time leading to an increased mortality. Children who are undernourished are more susceptible to the effects of infectious diseases compared to children who are adequately nourished.1 Infections can in turn lead to more undernourishment as food intake is decreased during infection and this turns into a vicious cycle.
One of the possible causes of such status could be declined production of food.1 Many landscapes that were once fertile are deemed barren due to environmental pollution caused by mankind. This in turn leads to less land that is available for farming and ultimately food production per acre is insufficient to touch base with other countries. Poverty, unawareness, population growth, political instability, loss of food stock due to poor harvest and natural calamities are some of the important factors causing malnutrition amongst children. Malnutrition in Pakistani children has been directly linked to illiteracy of mothers, low family income and larger family size.5 Maternal undernourishment is also a contributing factor to babies being born with low-birth-weight.1 The increased basal metabolic rate due to acute and chronic illnesses may also precipitate the pre-existing malnutrition.
Read more » JPMA
The New 1% isn’t just the Rich, it is the Spoiled Oligarch Heirs (Krugman)
Economist Paul Krugman explains how the United States is becoming an oligarchy – the very system our founders revolted against.
Bill Moyers interviews Paul Krugman
” Capital in the Twenty-First Century by Thomas Piketty, a 42-year-old who teaches at the Paris School of Economics, shows that two-thirds of America’s increase in income inequality over the past four decades is the result of steep raises given to the country’s highest earners.
This week, Bill talks with Nobel Prize-winning economist and New York Times columnist Paul Krugman, about Piketty’s “magnificent” new book.
“What Piketty’s really done now is he said, ‘Even those of you who talk about the 1 percent, you don’t really get what’s going on.’ He’s telling us that we are on the road not just to a highly unequal society, but to a society of an oligarchy. A society of inherited wealth.”
Krugman adds: “We’re seeing inequalities that will be transferred across generations. We are becoming very much the kind of society we imagined we’re nothing like.” ”
Chomsky on Anarchy & Anarcho-Syndicalism
By Sean Nevins
WASHINGTON (VOR) — Recently, Radio VR took a trip to Cambridge, Massachusetts to sit down and speak with Professor Emeritus Noam Chomsky of M.I.T.
Dr. Chomsky is famous the world over for his work in linguistics but moreso his political philosophies and beliefs. He is a self-described anarchist, and more specifically, an anarcho-syndicalist.
Radio VR discussed a number of issues with Dr. Chomsky, including anarcho-syndicalism. Specifically, we inquired into what it is, how it arises, and how it can be applied by people that want to affect positive change in the world.
The transcript is below:
Sean Nevins: I kind of want to start off by asking you to briefly describe what is anarchism and more specifically anarcho-syndicalism?
Noam Chomsky: Well, I think the best characterization that I know is given by one of the leading thinkers and activists in the modern anarcho-syndicalist world, Rudolf Rocker, who described anarchism, in general, as not a specific set of beliefs that provides particular answers to all the questions that can arise, but rather what he called ‘a general tendency in the history of humanity’ which aims to inquire into the nature of social, economic, political structures to determine, to detect structures of hierarchy and domination and to challenge them to demonstrate their legitimacy. They are not self-justifying and if they cannot defend their legitimacy on some plausible grounds then to dismantle them and reconstruct then from below. And to do this in the context of the existing society, developing alternative institutions that are more free and more just in the hope of moving on to a world of free associations of workers’ communities controlling their own institutions, their own fate in association with one another of various kinds of federal arrangements and so on. That is the basic thrust of anarchism. Altogether it is my view and of anarcho-syndicalism in particular which is designed for complex industrial societies.
Sean Nevins: So, you are talking about workers controlling their own work and controlling the enterprises of that work and expanding out into the community?
Noam Chomsky: It’s one of crucial aspect of it. In fact, anarcho-syndicalism kind of shades off into left anti-Bolshevik Marxism. People like Anton Pannekoek, Paul Mattick, Karl Korsch and others have sympathetic relationships and ideas and the great anarchist achievement like the 1936 Spanish Revolution before it was crushed, did have the strong and sympathetic support of left Marxists who felt a community of interests and commitments.
Sean Nevins: Workers controlling their own work — How is this organized? And how does it arise?
Noam Chomsky: Well, it’s all over the place. First of all it is a constant development takes place all over. There were efforts in Eastern Europe, for example, in self-management in Yugoslavia. Right now in the United States, in the old decaying Rust Belt, where industries are collapsing, they’re being replaced, to a certain extent, by worker owned and partially worker-managed enterprises. There is one huge institution that’s Mondragon, a great conglomerate in Spain which is worker owned and the manager is selected by workers but not actually worker-managed which is a collection of heavy industries, banks, hospitals, community living and so on.
Sean Nevins: Do they arise, kind of, spontaneously and is there a system that regulates how the workers organize themselves, like maybe in the US, like they do it one way, and then over in Spain, [at] Mondragon, they’ll do it a different way. Is there any kind of vision?
Noam Chomsky: There is no leadership or Bible, things develop on the basis of the circumstances that exist. So the conditions in Rust Belt in Northern Ohio and in Catalonia and in Aragon in 1936 are quite different and the backgrounds are quite different. But there were similarities in the way the take-over by working people, peasants of their own lives proceeded.
Sean Nevins: Let’s say that Mondragon wants to have an association with somebody in the Rust Belt…
Noam Chomsky: That is what is happening in fact. I don’t know how far it’ll go, but one of the major US unions, the steel workers, has now entered into some kinds of interactions with Mondragon to try to work out ways to develop Mondragon-type system in the old industrial sections of the US and revive them on the basis of worker-ownership and community-ownership in control.
Wealth Inequality in America
Info graphics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.
David Simon: ‘There are now two Americas. My country is a horror show’
The creator of The Wire, David Simon, delivered an impromptu speech about the divide between rich and poor in America at the Festival of Dangerous Ideas in Sydney, and how capitalism has lost sight of its social compact. This is an edited extract
The last job of capitalism – having won all the battles against labour, having acquired the ultimate authority, almost the ultimate moral authority over what’s a good idea or what’s not, or what’s valued and what’s not – the last journey for capital in my country has been to buy the electoral process, the one venue for reform that remained to Americans. Right now capital has effectively purchased the government
By David Simon
America is a country that is now utterly divided when it comes to its society, its economy, its politics. There are definitely two Americas. I live in one, on one block in Baltimore that is part of the viable America, the America that is connected to its own economy, where there is a plausible future for the people born into it. About 20 blocks away is another America entirely. It’s astonishing how little we have to do with each other, and yet we are living in such proximity.
There’s no barbed wire around West Baltimore or around East Baltimore, around Pimlico, the areas in my city that have been utterly divorced from the American experience that I know. But there might as well be. We’ve somehow managed to march on to two separate futures and I think you’re seeing this more and more in the west. I don’t think it’s unique to America.
I think we’ve perfected a lot of the tragedy and we’re getting there faster than a lot of other places that may be a little more reasoned, but my dangerous idea kind of involves this fellow who got left by the wayside in the 20th century and seemed to be almost the butt end of the joke of the 20th century; a fellow named Karl Marx.
I’m not a Marxist in the sense that I don’t think Marxism has a very specific clinical answer to what ails us economically. I think Marx was a much better diagnostician than he was a clinician. He was good at figuring out what was wrong or what could be wrong with capitalism if it wasn’t attended to and much less credible when it comes to how you might solve that.
You know if you’ve read Capital or if you’ve got the Cliff Notes, you know that his imaginings of how classical Marxism – of how his logic would work when applied – kind of devolve into such nonsense as the withering away of the state and platitudes like that. But he was really sharp about what goes wrong when capital wins unequivocally, when it gets everything it asks for.
That may be the ultimate tragedy of capitalism in our time, that it has achieved its dominance without regard to a social compact, without being connected to any other metric for human progress.
We understand profit. In my country we measure things by profit. We listen to the Wall Street analysts. They tell us what we’re supposed to do every quarter. The quarterly report is God. Turn to face God. Turn to face Mecca, you know. Did you make your number? Did you not make your number? Do you want your bonus? Do you not want your bonus?
And that notion that capital is the metric, that profit is the metric by which we’re going to measure the health of our society is one of the fundamental mistakes of the last 30 years. I would date it in my country to about 1980 exactly, and it has triumphed.
Read more » The Guardian
Seattle City Councilmember-elect Kshama Sawant told Boeing machinists; “The workers should take over the factories, and shut down Boeing’s profit-making machine”
Seattle City Councilmember-elect shares radical idea with Boeing workers
By Gary Horcher
SEATTLE — Seattle City Councilmember-elect Kshama Sawant told Boeing machinists her idea of a radical option, should their jobs be moved out of state
“The workers should take over the factories, and shut down Boeing’s profit-making machine,” Sawant announced to a cheering crowd of union supporters in Seattle’s Westlake Park Monday night.
This week, Sawant became Seattle’s first elected Socialist council member. She ran on a platform of anti-capitalism, workers’ rights, and a $15 per-hour minimum wage for Seattle workers.
On Monday night, she spoke to supporters of Boeing Machinists, six days after they rejected a contract guaranteeing jobs in Everett building the new 777X airliner for eight years, in exchange for new workers giving up their guaranteed company pensions.
Now Boeing is threatening to take those jobs to other states. “That will be nothing short of economic terrorism because it’s going to devastate the state’s economy,” she said.
Sawant is calling for machinists to literally take-possession of the Everett airplane-building factory, if Boeing moves out. She calls that “democratic ownership.”
“The only response we can have if Boeing executives do not agree to keep the plant here is for the machinists to say the machines are here, the workers are here, we will do the job, we don’t need the executives. The executives don’t do the work, the machinists do,” she said.
Sawant says after workers “take-over” the Everett Boeing plant; they could build things everyone can use.
“We can re-tool the machines to produce mass transit like buses, instead of destructive, you know, war machines,” she told KIRO 7.
Sawant says she was referring to “drones” when speaking of war machines. Still, she says even as they work on the lines, building airplanes daily, she believes Boeing workers are under siege.
“Workers have to realize, they have more power than they think,” she said.
Billion Dollar Pay Check? 10 CEOs in America Break All Records for Executive Pay
“I have never seen anything like that,” says the author of the report on CEO pay.
For the first time ever, the 10 highest-paid chief executives in the US all received more than $100m in compensation and two took home billion-dollar paychecks, according to a leading annual survey of executive pay.
Read more » AlterNet
Russell Brand: ‘Revolution Is Coming… I Ain’t Got a Flicker of Doubt’
British comedian goes off on failed paradigm, talking egalitarianism, consciousness, and filthiness of profit with the BBC
The British left weekly New Statesman has taken a chance on an up-and-coming rogue editor, but the actor-comedian and newly welcomed progressive-minded firebrand Russell Brand seems so far to be a brilliant and elegant choice.
Tapped to guest-edit the magazine’s ‘Revolution’ issue this week, Brand is making waves both for his feature-length essay on the topic but also with a televised interview that aired Wednesday night on the BBC with veteran Newsnight anchor Jeremy Paxman.
Read more » Common Dreams
About 60 percent of Russians see communism as good system – poll
About 60 percent of Russians believe there were more positive than negative aspects to life in the former Soviet Union, an opinion poll suggests.
Of the 1,000 people whom Russia’s Public Opinion Foundation (FOM) interviewed by telephone in a survey last month, 14 percent said the word communism had percent “very pleasant,” “positive” or “wonderful” connotations for them and 12 percent said they were nostalgic about the Soviet era.
Communism was just a thing of the past for 11 percent, but the same proportion believed communism meant good and stable life.
Read more » http://rbth.ru/news/2013/10/12/about_60_percent_of_russians_see_communism_as_good_system_-_poll_30755.html
The resilience of the ideas of Karl Marx
Written by Fred Weston
How many times have we heard university professors, economists, politicians and journalists declaring that Marx was wrong and that although he had some insights in to the workings of capitalism he failed to see the dynamism of the capitalist system and its ability to recover from crises and move ever forward? However, in the past few years, as the system has been sinking into its most serious crisis in history, every now and then we hear commentators pointing out that Marx was right. The latest is an article published by Time magazine yesterday, called Marx’s Revenge: How Class Struggle Is Shaping the World.
The opening sentences to the first three paragraphs are: “Karl Marx was supposed to be dead and buried… Or so we thought…A growing dossier of evidence suggests that he may have been right.”
Read more » http://www.marxist.com/the-resilience-of-the-ideas-of-karl-marx.htm
14th March – 130th anniversary of Karl Marx
Leader of oppressed people of the world died on 14th March 1883.
“The philosophers have only interpreted the world, in various ways: the point, however, is to change it.” – KARL MARX
“Democracy is the road to socialism.” – Karl Marx
“Social progress can be measured by the social position of the female sex.” – Karl Marx
“Revolutions are the locomotives of history.” – Karl Marx
“The rich will do anything for the poor but get off their backs.” – Karl Marx
Continue reading 14th March – 130th anniversary of Karl Marx
Fallout from ‘Untouchables’ Documentary: Another Wall Street Whistleblower Gets Reamed
By: Michael Winston
A great many people around the county were rightfully shocked and horrified by the recent excellent and hard-hitting PBS documentary, The Untouchables, which looked at the problem of high-ranking Wall Street crooks going unpunished in the wake of the financial crisis. The PBS piece certainly rattled some cages, particularly in Washington, in a way that few media efforts succeed in doing. (Scroll to the end of this post to watch the full documentary.)
Now, two very interesting and upsetting footnotes to that groundbreaking documentary have emerged in the last weeks.
The first involves one of the people interviewed for the story, a former high-ranking executive from Countrywide financial who turned whistleblower named Michael Winston. You can see Michael’s segment of The Untouchables at around the 4:20 mark of the piece. The story Winston told during the documentary is essentially an eyewitness account of the beginning of the financial crisis.
Continue reading Fallout from ‘Untouchables’ Documentary: Another Wall Street Whistleblower Gets Reamed
An Irish engagement with the Greek crisis
To the crucible: an Irish engagement with the Greek crisis and the Greek left
By Helena Sheehan
January 21, 2013 — Irish Left Review, posted at Links International Journal of Socialist Renewal at the author’s suggestion and with her permission — A monumental drama is playing out before our eyes. It is a true Greek tragedy. The plot: A society is being pushed to its limits. The denouement is not yet determined, but survival is at stake and prospects are precarious. Greece is at the sharp end of a radical and risky experiment in how far accumulation by dispossession can go, how much expropriation can be endured, how far the state can be subordinated to the market. It is a global narrative, but the story is a few episodes ahead here.
Greece is the crucible.1 It is a caldron where concentrated forces are colliding in a process that will bring forth either a reconfiguration of capitalism or the dawn of its demise.
Salaries, pensions, public services are falling, while prices and taxes are rising. Massive asset stripping is underway. Water, power, ports, islands, public buildings are for sale. Unemployment, emigration and evictions have brought a sense of a society unraveling. Homeless people wander the streets and scavenge for food in bins or beg it from the plates of those eating in tavernas. If they are immigrants, they are terrorised. Those looking into a horizon without hope either drift into desolation or perform the ultimate decisive act of suicide. Some have done so in private spaces, while others have chosen public places to underline the political nature of their fate, as they jump from heights, set themselves on fire or shoot themselves. In April 2012, Dimitris Christoulas, a retired pharmacist, who felt he could no longer live a dignified life after his pension had been slashed, shot himself in front of parliament. His last words were: “I am not committing suicide. They are killing me.” He urged younger people to fight.
The Costs of Capitalism’s Crisis: Who Will Pay?
Economics Professor Richard Wolff details the problems of capitalism and urges our recognizing its obsolescence and replacing it with institutions that truly serve the people.
Talk at Church of All Souls in New York City, January 24, 2012. Camera, audio: Joe Friendly.
Read more » YouTube
Catch-44: Takfiri intolerance and Shia genocide in Pakistan – by Mujahid Kamal Mir
Pakistan’s 65-year history of missed opportunities seized by other rapidly developing nations like Korea, Turkey, etc, tainted by military coups, political infighting and a form of crony capitalism that has stifled its economy were enough of the destablisers, and when it seemed like it could not go any worse, the cat dragged in the leviathan of religious and ethnic terrorism. The barbaric acts of cruelty against Christians, Ahmedis and in particular Shiites this country has witnessed over the past few years, all in the name of religion and God, can bring the likes of Ivan the Terrible and Attila the Hun to tears.
Literati and commentators blame the former military dictator General Ziaul Haq for making it a state policy to fund and arm Wahabi groups in the 1980s. It is an established fact that the general used these organisations primarily against the Shiites at the behest of the state financier, Saudi Arabia. Shiites had natural sympathies with Iran because of religious and emotional proximity and there was no doubt that Saudi Arabia was supporting Wahabi groups through General Zia to kill Iran’s support in Pakistan, and hence Pakistan became a battleground for the war between two states striving for regional hegemony. In retrospect, this war did not actually start in the 1980s as per the famous Indian writer, M J Akbar. He states the animosity between the Sunni majority and the Shia minority in the subcontinent dates back to the Mughal era where the Mughal Emperor Humayun became a converted Shiite when he returned from Iran along with Shia preachers, which resulted in a mass conversion of Hindus to Shiite Islam. In later years, Aurangzeb persecuted Shiites, who by that time had grown in numbers. In short, this animosity has always been embedded in the very fabric of the subcontinent for hundreds of years, but always remained confined to discussions and dialogues among the religious clergy, popularly known as ‘manazara’, and were never militant.
Continue reading Catch-44: Takfiri intolerance and Shia genocide in Pakistan – by Mujahid Kamal Mir
Global super-rich elite has hidden an extraordinary $21 trillion of wealth offshore
£13tn: hoard hidden from taxman by global elite
• Study estimates staggering size of offshore economy
• Private banks help wealthiest to move cash into havens
A global super-rich elite has exploited gaps in cross-border tax rules to hide an extraordinary £13 trillion ($21tn) of wealth offshore – as much as the American and Japanese GDPs put together – according to research commissioned by the campaign group Tax Justice Network. ….
Read more » guardian.co.uk
Via – Twitter
‘Festive, Righteous Anger’: Occupy Makes May-Day Comeback With Massive Demonstrations
By Sarah Jaffe and Anna Lekas Miller and Sarah Seltzer and Julianne Escobedo Shepherd and Alex Kane and Joshua Holland
Yesterday, Occupy recaptured the public’s attention with rallies, marches, parties, and yes, arrests all over the country.
All over the world, May 1 is celebrated as International Workers’ Day. Yesterday, May Day also marked the reemergence of the Occupy movement, with events in cities all over America. AlterNet’s reporters were in the field — here are their dispatches from New York and the Bay Area …
Read more » AlterNet
Imperialism didn’t end. These days it’s known as international law
By: George Monbiot
A one-sided justice sees weaker states punished as rich nations and giant corporations project their power across the world
The conviction of Charles Taylor, the former president of Liberia, is said to have sent an unequivocal message to current leaders: that great office confers no immunity. In fact it sent two messages: if you run a small, weak nation, you may be subject to the full force of international law; if you run a powerful nation, you have nothing to fear.
While anyone with an interest in human rights should welcome the verdict, it reminds us that no one has faced legal consequences for launching the illegal war against Iraq. This fits the Nuremberg tribunal’s definition of a “crime of aggression”, which it called “the supreme international crime”. The charges on which, in an impartial system, George Bush, Tony Blair and their associates should have been investigated are far graver than those for which Taylor was found guilty.
The foreign secretary, William Hague, claims that Taylor’s conviction “demonstrates that those who have committed the most serious of crimes can and will be held to account for their actions”. But the international criminal court, though it was established 10 years ago, and though the crime of aggression has been recognised in international law since 1945, still has no jurisdiction over “the most serious of crimes”. This is because the powerful nations, for obvious reasons, are procrastinating. Nor have the United Kingdom, the United States and other western nations incorporated the crime of aggression into their own legislation. International law remains an imperial project, in which only the crimes committed by vassal states are punished. ….
Read more » guardian.co.uk
Impact of OWS
– Finally, Higher Taxes for the 1% — Is Occupy Behind Governors’ Moves to Make the Wealthy Pay Their Share?
By Sarah Jaffe
Is the narrative around taxes finally shifting? Thanks to heavy public pressure, Governors Cuomo and Brown propose taxing their states’ ultrarich. …
Read more » AlterNet
The Shocking Truth – Statement Issued from Zuccotti Park by the General Assembly at Occupy Wall Street
– As we gather together in solidarity to express a feeling of mass injustice we must not lose sight of what brought us together.
We write so that all people who feel wronged by the corporate forces of the world can know that we are your allies.
As one people, united, we acknowledge the reality that the future of the human race requires the cooperation of its members.
That our system must protect our rights, and upon corruption of that system, it is up to the individuals to protect their own rights, and those of their neighbors.
That a democratic government derives its just power from the people, but corporations do not seek consent to extract wealth from the people, and the Earth, and that no true democracy is attainable when the process is determined by economic power.
We come to you at a time when corporations – which place profit over people, self-interest over justice, and oppression over equality – run our governments.
We have peaceably assembled here as is our right to let these facts be known.
They have taken our houses through an illegal foreclosure process, despite not having the original mortgage.
They have taken bailouts from taxpayers with impunity, and continue to give executives exorbitant bonuses.
They have perpetuated inequality and discrimination in workplaces based on age, the color of one’s skin, sex, gender identity, and sexual orientation.
They have poisoned the food supply through negligence, and undermined the farming system through monopolization.
They have profited off the torture, confinement, and cruel treatment of countless animals, and actively hide these practices.
They have continuously sought to strip employees of the right to negotiate for better pay and safer working conditions.
They have held students hostage with tens of thousands of dollars of debt on education, which is, itself, a human right.
They have consistently outsourced labor and used that outsourcing as leverage to cut worker’s health care and pay.
They have influenced the courts to achieve the same rights as people with none of the culpability or responsibility.
They have spent millions of dollars on legal teams, but look for ways to get them out of contracts in regards to health insurance.
They have sold our privacy as a commodity.
They have used the military and police force to prevent freedom of the press.
They have deliberately declined to recall faulty products, endangering lives in pursuit of profit.
They determine economic policy despite the catastrophic failures their policies have produced and continue to produce.
They have donated large sums of money to politicians, who are responsible for regulating them.
They continue to block alternate forms of energy to keep us dependent on oil.
They continue to block generic forms of medicine that could save people’s lives, or provide relief in order to protect investments that have already turned a substantial profit.
They have purposely covered up oil spills, accidents, faulty bookkeeping, and inactive ingredients in pursuit of profit.
They purposefully kept people misinformed and fearful through their control of the media.
They have accepted private contracts to murder prisoners, even when presented with serious doubts about their guilt.
They have perpetuated colonialism at home and abroad.
They have participated in the torture and murder of innocent civilians overseas.
They continue to create weapons of mass destruction in order to receive government contracts.
To the people of the world, We, the New York City general assembly occupying Wall Street in Liberty Square, urge you to assert your power.
Exercise your right to peaceably assemble, occupy public space, create a process to address the problems we face, and generate solutions accessible to everyone.
To all communities that take action and form groups in the spirit of direct democracy, we offer support, documentation, and all of the resources at our disposal.
Join us and make your voices heard.
Occupy Wall Street: `You cannot evict an idea whose time has come’ – Huge demos support OWS.
Read more » Links International
The dream of a new start in Pakistan
The rise of Imran Khan and memogate have enthused those who dream of a “reformed” democracy under the guiding hand of the army.
A few days ago, I was planning to write about Imran Khan. Pakistan’s most successful cricket captain and philanthropist had been trying to add “successful politician” to his resume since 1996, but after many years in the political wilderness he finally seemed to make a breakthrough with his large public meeting in Lahore. Pakistan’s educated youth, in particular, appeared to be very excited about a politician for the first time in their young lives. But they were not alone; even the ageing British Marxist, Tariq Ali, threw caution to the winds and announced that Mr. Khan’s gathering was a sign that the “Arab Spring” had finally made it to Pakistan and was even larger than the huge rallies of Benazir Bhutto and her father in days gone by. Comrade Tariq seemed to have forgotten that the Arab Spring had come to Pakistan many decades before it belatedly reached the Arab world and never mind the size of the rally, which bore no comparison to Benazir’s historic 1986 rally. But, Tariq Ali’s flights of fancy notwithstanding, the rally was clearly large and the arrival of Mr. Khan as a politician with crowd support was a major event.
But then President Asif Ali Zardari called his U.S. ambassador Hussain Haqqani to return to Pakistan to explain his role in “memogate,” the still mysterious affair in which he apparently gave international fixer Mansoor Ijaz a memo that was passed on to Admiral Mullen. It is not yet clear who was behind the memo and what he hoped to accomplish; did the Zardari regime really fear a coup at a time when the army was on the back-foot and faced real public humiliation in Pakistan in May 2011? And if it did, why pick this circuitous route to look for American help? And how would a regime that is unable to control the army and fears a coup be able to turn around and completely defang the same army with U.S. help a few days later? Is there more to the story? We don’t know, and may never know, but the story is not over yet.
Both stories may even be related; there are suggestions that Mr. Khan’s sudden rise is not just spontaneous combustion but involves some help from “the agencies.” Circumstantial evidence in favour of this suspicion includes the obvious sympathy he is receiving from pro-military websites and the fact that his extremely “liberal” and reasonable interview with Karan Thapar has not ignited any firestorm of protest in the “Paknationalist” community — a community generally quick to jump on anyone who talks of improved relations with India or admits that we do have militants and that they do need to be eliminated. Memogate is even more obviously a story about the civilian-military divide in Pakistan and it is no secret that it is the army that is asking for his removal. Is this then the proverbial perfect storm that will sweep away the current civilian dispensation and replace it with that old favourite of the army and the middle class: a “caretaker government” that will rid us of “corrupt politicians” and “unpatriotic elements” and make Pakistan the China of South Asia?
I have no way of knowing if the time is nigh, but the dream of a new start is not a figment of my imagination. The military and its favourite intellectuals (and large sections of the middle class) seem to be in a permanent state of anticipation of the day when the military will sweep away this sorry scheme of things and then we will have order and progress. If pressed about the nature of the system that will replace the current system, the naïve foot soldiers may think of the late lamented (and mostly imaginary) caliphate if they are on the Islamist side of the fence; or of “reformed” and real democracy, the kind that does not elect Altaf Hussains and Asif Zardaris, if they are on the smaller westernised liberal side of the fence. But the army’s own house intellectuals are more likely to point to China. That the history of China and the ruling communist party has no resemblance to GHQ’s own history of inept and retrograde interference in Pakistani politics is something that is never brought up; apparently this time, the GHQ will start where the Chinese are today, having conveniently skipped an intervening century of mass movements, civil wars and revolutions, not to speak of 4000 years of civilisation and culture.
Of course, the system as it exists is unnatural. Either the army has to be brought to heel under an elected civilian regime or civilians have to be pushed aside for a more efficient form of military rule (even if it is in the garb of a civilian “caretaker regime”). The current “neither fish nor fowl” system will have to evolve in one direction or the other, or crises like memogate will continue to erupt. Since most people think the army has the upper hand, the second outcome appears more likely to them. It could be that Mr. Khan offers them the chance to have their cake and eat it too; he is genuinely popular and if his party wins the elections and comes to power, the army may have the regime it wants in a more legitimate manner. But this middle-class dream outcome also seems unlikely. It is hard to see how the PTI can win a majority in a genuine election. And with no plan beyond simplistic patriotic slogans, any such regime will soon face the same problems as the one it replaces.
That brings us to the second prediction: the current atmosphere of crisis will continue unabated no matter what arrangements are made by the army. The really critical problem in Pakistan is not “corrupt politicians.” In that respect, we are little different from India, Indonesia or many other countries not thought to be in terminal existential crisis. The real problem is that an overpopulated third world postcolonial state has not yet settled even the most fundamental issues about the nature of the state and its institutions. The “hard” version of the two-nation theory and its associated Islamism have helped to create a constituency for millenarian Islamist fantasies. And 20 years of training militants for “asymmetric warfare” against India has created an armed force and a safe haven for that force. These two streams have mingled to the point where the state faces civil war against its own creations. It is also a war for which the deep state lacks an adequate narrative, having spent decades nurturing a virulent anti-Indian and Islamist ideology that glorifies the very people they are now forced to fight. But fight them it must because its own interests lie with globalised capitalism, not militants. They may imagine they can again direct the war outwards to Afghanistan and Kashmir, but the militants have other ideas, and will not go quietly into the night. Even if they did, the legitimacy of the 1973 constitution and its institutions within the elite remains low and so the crisis of governance would continue.
So, after this doom and gloom, a faint “positive” prediction: There are better than even chances that eventually the deep state will be compelled to claw its way past all these problems to defeat the militants, make peace with India and establish a straightforward near-secular democratic system to run the country. All of that may look less than the paradise many Pakistanis are waiting for, but it’s what the world has to offer at this point in history and it is unlikely that the intellectual resources of GHQ will somehow produce an alternative that the rest of the world has not yet found. It will not be pretty, but it will be done.
Or they will fail, with unpredictable dire consequences for their own people and the region. Either way, India would do well to help positive trends and resist negative ones without losing sight of the big picture. I think Manmohan Singh realises that, I hope others do too.
A massive demonstration of Occupy Toronto and all its supporters will take place Saturday at 2 pm, starting from St. James Park (Jarvis and King)
We are asking everyone to come out and demonstrate Saturday, to bring friends, relatives, workmates, and everyone who cares about democracy and the objectives of the Occupy Movement, which is to oppose the gross wealth being accumulated by the rich and powerful 1% at the expense of the 99% – the rest of the population whose wages and incomes have fallen dramatically, many of whom are unemployed and under-employed, many of whom are poor and very poor, and many more who are youth and whose lives and futures have been dramatically altered by the insatiable greed of the most powerful corporations and the richest people in the world.
Join the rally at the corner of Jarvis and King at 1:30 pm, Saturday, to march & distribute People’s Voice, and our statement in support of the Occupy movement.
Please RSVP to email@example.com to help, or for more info.
Comradely and in Solidarity!