Schlagwort-Archive: #capitalism

Immanuel Wallerstein Resist? Resist! Why and How?

Quelle: Resist? Resist! Why and How?

Commentary No. 444, March 1, 2017

From time immemorial, persons who feel oppressed and/or ignored by the powerful have resisted those in authority. Such resistance often changed things, but only sometimes. Whether one considers the cause of the resisters to be virtuous depends on one’s values and one’s priorities.

In the United States, over the past half-century, there emerged a latent resistance to what was seen as oppression by “elites” who enacted changes in social practices offensive to certain religious groups and ignored rural populations and persons whose standards of living were declining. At first, resistance took the path of withdrawal from social involvement. Then it took a more political form, finally taking on the name of Tea Party. (…)

What Resist as a movement needs to keep in mind is the fact that we are in the midst of a historic structural transition from the capitalist world-system in which we have lived for some 500 years to one of two successor systems – a non-capitalist system that preserves all of the worst features of capitalism (hierarchy, exploitation, and polarization) and its opposite, a system that is relatively democratic and egalitarian. I call this the struggle between the spirit of Davos and the spirit of Porto Alegre. (…)

Capitalism Requires World War | The Vineyard of the Saker

The Saker

by Cathal Haughian

250,000 capitalists read the Financial Times, and it has been our undertaking, since 2010, to chronicle our understanding of capitalism via our book The Philosophy of Capitalism. We were curious as to the underlying nature of the system which endows us, the owners of capital, with so many favours. The Saker has asked me to explain our somewhat crude statement ‘Capitalism Requires World War’. (…)

The present showdown between West, Russia and China is the culmination of a long running saga that began with World War One. Prior to which, Capitalism was governed by the gold standard system which was international, very solid, with clear rules and had brought great prosperity: for banking Capital was scarce and so allocated carefully. World War One required debt-capitalism of the FIAT kind, a bankrupt Britain began to pass the Imperial baton to the US, which had profited by financing the war and selling munitions.

Michael HUDSON: What’s Behind the Stock Market’s Rollercoaster Ride?, Democracy Now, Au g. 25, 2015

globakcrisis/globalchange NEWS
Martin Zeis, 26.08.2015

Dear all,

yesterday Christian Schantz* (Basecamp) forwarded an interview with economist Michael HUDSON on what’s behind the stock market’s rollercoaster ride. Hudson refutes the Western mass media stories blaming China and explains the very different starting point/problems of the Chinese economy and the Western casino capitalism in front of the so called „Black Monday“.

Following an extract – the complete interview is attached (pdf-file).

Martin Zeis

* <notifications


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