The emergence of ISIS during the summer as a regional war lord in Iraq and Syria led to the usual media hysteria about the latest threat to our turbo-consumerist societies in the West. ISIS is going to take over the Middle East and then come to get us in our affluent homelands where freedom and democracy are under peril from the Islamist bogeyman.
The ideological deficiency, not to say the total lack of ideology, within the national liberation movements — which is basically due to ignorance of the historical reality which these movements claim to transform — constitutes one of the greatest weaknesses of our struggle against imperialism, if not the greatest weakness of all.
— Amilcar Cabral1
Nothing is more central to the American Dream than equality of opportunity. In today’s world, that usually means a college education—and, for most families, the challenge of paying for it. Congress could help meet that challenge. It could pass a financial transaction tax (FTT), and dedicate the proceeds to providing equal opportunity for college.
Regime change in Cuba? Che rolling in his grave? The first shriek comes from a liberal, the latter a Marxist. With all due respect to both, I think the former quite confused if he thinks that Castroite Cuba more closely reflects his own Keynesian delusions, and the latter seems not to understand Che’s significant contribution to the normalization of relations between Cuba and the US (even though it occurs long after his death).
Accumulation by Dispossession, Dispossession by Criminalization
A dangerous new trend is the successful manipulation of the financial markets by the Federal Reserve, other central banks, private banks, and the US Treasury. The Federal Reserve reduced real interest rates on US government debt obligations first to zero and then pushed real interest rates into negative territory. Today the government charges you for the privilege of purchasing its bonds.
The Brazilian working class is facing the most savage assault on its living standards in over a decade. And it is not just the industrial workers who are under attack. The landless rural workers, public and private salaried employees, teachers and health professionals, the unemployed and the poor are facing massive cuts in income, jobs and welfare payments.
America’s ruling elites are blatant in their intentions of maintaining “white privilege” at home and economic dominance by military means abroad.
Many summers ago, just freed from the enforced boredom of high school, I signed up for a course on Marxist economics. Andy, the teen I worked with, asked if I would accompany him. I envied him his dad, a transplanted Marxist Scotsman, and I relished the transgression I was invited to undertake, especially as a recent apostate from Catholicism.
Economist Richard Wolff says workers are returning to jobs with lower wages, fewer benefits, and less job security than they had before the financial crisis hit.
