Eric Zuesse (blogs at https://theduran.com/author/eric-zuesse/) Here are the 12 September 2023 numbers from S&P Global, for: U.S., Europe, Other developed, Emerging markets, and Global (total): “Corporate Defaults Record Highest August Total Since 2009“ 12 September 2023 August tally 2023YTD 2022YTD (corporate defaults) U.S. 9 69 25 +176% Europe 5 19 7 +171% Other dev. 0 […]
Eric Zuesse (blogs at https://theduran.com/author/eric-zuesse/) According to the UBS “Global Wealth Report 2023”, which is the leading authority on the world’s wealth-distribution, the “Ultra-high-net-worth (UHNW) individuals [=] with net worth above USD 50 million at the end of 2022” were “243,060” (worldwide) (see p. 30). Out of the total world population in 2022 = 8 […]
The Communist Manifesto had, as its object, the proclamation of the inevitable impending dissolution of modern bourgeois property. But in Russia we find, face-to-face with the rapidly flowering capitalist swindle and bourgeois property, just beginning to develop, more than half the land owned in common by the peasants. Now the question is: can the Russian … Continue reading Karl Marx in the Times of Climate Change
