Economy

How Billionaires Become Billionaires

How Billionaires Become Billionaires

America has the greatest inequalities, highest mortality rate, most regressive taxes, and largest public subsidies for bankers and billionaires of any developed capitalist country.

In this essay we will discuss the socio-economic roots of inequalities and the relation between the concentration of wealth and the downward mobility of the working and salaried classes.

Finance, War, and the Rule of Rogue Law

Finance, War, and the Rule of Rogue Law

Why is it that certain ‘regimes’ become ripe for imperial subversion or overthrow? What was it, in particular, that linked together the list of countries that retired general Wesley Clark shared in his famous 2007 interview as being next in the sights of the United States’ bellicose intentions and most of which since have indeed been plunged into horrendous wars?

Has it ever occured to you that when you have no cash, you have no privacy?

A Sinister War on Our Right to Hold Cash

An operation that began as a seemingly obscure academic discussion three years ago is now becoming a full-blown propaganda campaign by some of the most powerful institutions in the industrialized world. This is what rightly should be termed the War on Cash. Like the War on Terror, the War on Cancer or the War on Drugs, its true agenda is sinister and opaque. If we are foolish enough to swallow the propaganda for complete elimination of cash in favor of pure digital bank money, we can pretty much kiss our remaining autonomy and privacy goodbye.

You Won’t Believe What The Government Is About To Privatise Next

You Won’t Believe What The Government Is About To Privatise Next

In the eyes of profiteers, there’s money to be made from debt, especially from the poor. Privatisation of the court bailiff system is like privatising parking enforcement – and look where that led – scandal after scandal. The civilianisation of law enforcement has always proved to be much worse than when managed by government with civilian scrutiny. This, like so many other privatisation projects this will end in failure with the over-stretched citizenry shouldering the burden of government incompetence and the poor exploited even further.

The End of the (Petro) Dollar: What the Federal Reserve Doesn’t Want You to Know

The End of the (Petro) Dollar: What the Federal Reserve Doesn’t Want You to Know

The United States’ ability to maintain its influence over the rest of the world has been slowly diminishing. Since the petrodollar was established in 1971, U.S. currency has monopolized international trade through oil deals with the Organization of the Petroleum Exporting Countries (OPEC) and continuous military interventions. There is, however, growing opposition to the American standard, and it gained more support recently when several […]

Grenfell Tower and the Search for Truth

Grenfell Tower and the Search for Truth

This article is dedicated to all those who search for a full understanding of the tragedy at Grenfell Tower, both official and unofficial investigators. Most of all, it is for the survivors of the inferno, and the friends and relatives of those who were lost. It is offered in the hope that it will help you find the right questions to ask.

General Election 2017: Jeremy Corbyn launches Labour manifesto in Yorkshire

Why Corbyn Might Just Win

On Friday morning the vast majority of the world may well have a lot to celebrate, a principled socialist may have defied the ruling-class in becoming the Prime Minister of the world’s fifth largest economy. If this happens the world will never be the same again.

Photo by Garry Knight | CC BY 2.0

The UK’s Epochal Election

A victory, against the current odds, for a Jeremy Corbyn-led Labour will, if it adheres to positions he promoted when he won the party leadership by a margin even greater than Blair’s when the latter became leader, ensue in the promise of an overturning of neoliberalism.