Submitted by sarahadams on
Agriculture, the service economy, sexual exploitation, manufacturing, construction and domestic work drive today's enslavement around the world.
Submitted by sarahadams on
As economies veer out of balance and polarize, rentiers – who rely on other people's debt to sustain their own wealth – aim to deter economies from doing anything to prevent this widening imbalance.
Appropriating and expropriating resources is now an autonomous financial dynamic, working more covertly and even in a more democratic political context than military conquest.
In today's bailout economy, bad bank loans are shifted onto the public balance sheet as wealth is siphoned off to the top of the economic pyramid.
For the first time in history, people imagined that the way to get rich was by running into debt, not by staying out of it.
To understand what made the bubble economy’s credit wave possible, it is necessary to understand how the international financial system was transformed in 1971 when overseas military spending forced the U.S. dollar off gold.
Today’s financial power to set tax policy, make and enforce the law, and disable public regulation reflects the weakness of industrial capitalism in the face of the vested interests that have fought progressive reform since the 1870's.
This is not what was envisioned at the peak of the Industrial Revolution.
The weapon in today's financial warfare is no larger military force, but a tactic to load economies (governments, companies and families) with debt, siphon off their income as debt service, then foreclose when debtors lack the means to pay.
Agriculture, the service economy, sexual exploitation, manufacturing, construction and domestic work drive today's enslavement around the world.
Thanks to the Electoral College, leftists have perhaps the final say this November over whether democracy can hold on for at least another four years, or if fascism will take root and infect all facets of the federal government for decades to come.
What remains unknown is whether post-truth Republicans will succeed in 2024 as the Nazis did in 1933.
Based on details that have emerged about Trump’s presidential agenda, the far-right Heritage Foundation plans for the next GOP president to have all the tools necessary to demolish multicultural democracy and establish a white, Christian ethnostate that imposes a gender apartheid not unlike the Taliban’s Afghanistan.
Like Hitler, Trump has a unique command of propaganda, a captivating public presence, and he knows how to drive home narratives beneficial to him and harmful to his enemies.
Agriculture, the service economy, sexual exploitation, manufacturing, construction and domestic work drive today's enslavement around the world.
Thanks to the Electoral College, leftists have perhaps the final say this November over whether democracy can hold on for at least another four years, or if fascism will take root and infect all facets of the federal government for decades to come.
History shows there are no “one-day” dictatorships. When democracies fall, they typically fall completely.
What remains unknown is whether post-truth Republicans will succeed in 2024 as the Nazis did in 1933.
Based on details that have emerged about Trump’s presidential agenda, the far-right Heritage Foundation plans for the next GOP president to have all the tools necessary to demolish multicultural democracy and establish a white, Christian ethnostate that imposes a gender apartheid not unlike the Taliban’s Afghanistan.
Based on details that have emerged about Trump’s presidential agenda, the far-right Heritage Foundation plans for the next GOP president to have all the tools necessary to demolish multicultural democracy and establish a white, Christian ethnostate that imposes a gender apartheid not unlike the Taliban’s Afghanistan.
Thanks to the Electoral College, leftists have perhaps the final say this November over whether democracy can hold on for at least another four years, or if fascism will take root and infect all facets of the federal government for decades to come.
What remains unknown is whether post-truth Republicans will succeed in 2024 as the Nazis did in 1933.
History shows there are no “one-day” dictatorships. When democracies fall, they typically fall completely.
Agriculture, the service economy, sexual exploitation, manufacturing, construction and domestic work drive today's enslavement around the world.
History shows there are no “one-day” dictatorships. When democracies fall, they typically fall completely.
Thanks to the Electoral College, leftists have perhaps the final say this November over whether democracy can hold on for at least another four years, or if fascism will take root and infect all facets of the federal government for decades to come.