Posts Tagged capitalism

Exploitations, Primary and Secondary, in the Capitalist Mode of Production

What follows is a rough draft of an essay that will appear in the Labor Day issue of the Washington Socialist.  Labor day should invite conversation on the state of labors movement and market; my aim today is to focus on what Marx called “exploitation upon expropriation” from the latter. Criticism of Uber and the […]

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Neoliberalism was the Grounding for the Sacrifice of Flint to Capital, yet Obama Thinks Neoliberalism will Save Flint

The poverty of thought in American policy making bears some similarity to the meager budgets of public water utilities. With the sacrifice zone of Flint present in the public consciousness, where cuts to indispensable public services were the cost of corporate tax cuts, the Obama administration is positioning private capital as the solution to the […]

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The Apple/FBI Standoff Reveals the Contradictions in the Role of the State

It is fairly clear that Apple’s position on encryption in their standoff with the FBI is rooted in the expectation that consumers will respond favorably to a “defense” of their privacy. Less clear is what imagery the State hopes to project of itself. Rather than fulfilling its role as the protector of capital and its […]

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Bernie Needs to Talk Austerity, and Podemos Can Show Him How

Bernie Sanders’ editorial in today’s New York Times is fairly representative of liberals’ general remarks on the Fed raising the federal funds rate. It notes the dangers of it causing a recession by making investment more expensive, and this just for the benefit of combating nearly non-existent inflation. Missing from his editorial and pieces like […]

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It Matters that Bernie Sanders is Not Actually a “Democratic Socialist”

In a speech today Bernie Sanders articulated his vision of democratic socialism for the empire: “the wealthiest people and the largest corporations must pay their fair share of taxes”, that “democratic socialism means that we must create an economy that works for all, not just the very wealthy”. That these are the tenants of mainstream […]

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Department of Justice Won’t Actually Bring Executives that run Financialized Capitalism to Justice

The Justice Department on September 9th released a memo making it a policy to “prioritize the prosecution of individual employees – not just their companies”, in a move widely believed to address the inexcusable failure of the Obama administration to hold the Wall Street Elite responsible for the global economic calamity they caused that did […]

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July 30th: on the Koch Empire and the Gig-Economy’s Libertarian Threat to Democracy and Society

Context is key. The Bernie Sanders campaign organized the simultaneous meetings of thousands of speech-watching parties last night and did this with sixty paid staff members, half of them field organizers. The Clinton campaign employs around 340 staff members, sixty of them field organizers. And yet the Koch brothers’ big money coalition, lead by Americans […]

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