Economy/Economics

The other day I was in a shopping mall looking for an ATM to get some cash. There was no ATM. A week ago, there was still a branch office of a local bank – no more, gone. A Starbucks will replace the space left empty by the bank. I asked around – there will be no more cash automats in this mall – and this pattern is repeated over and over throughout Switzerland and throughout western Europe. Cash machines gradually but ever so faster disappear, not only from shopping malls, also from street corners. Will Switzerland become the first country fully running on digital money?

Everyday the future looks a little bit darker.
― Alan Moore, Watchmen

America was born in the womb of war, has never stopped warring, and her fate will most likely be to die in the arms of war. Her warring addiction has been passed down from one generation to the next as her very few power elite have instigated war for self-serving purposes.

There is no image of prosperity which is not at the same time an image of crisis. I modify here Walter Benjamin’s famous dictum from Über den Begriff der Geschichte.1 For the current American context, we’ve advanced into a period where national prosperity is realized through social and cultural damage.

If the human species survives long enough, future historians might well marvel at what passed for ‘mainstream‘ media and politics in the early 21st century.

The vaccine debate and prying into Planned Parenthood’s Standard Operating Procedure are two arenas I have not gravitated toward. Genetically-engineered crops, industrial farming, confined feeding operations (CAFOs), dams killing wild salmon, these are my fortes.
The news daily is like death by a thousand cuts for me tied to new studies on collapsing ecosystems, indigenous people fighting against mines and other extractive industries, and more and more on climate change/global warming.

Rapacious. “They got theirs, so I better get mine. Yes, things change, and, sure this sleepy town is about to boom but that’s the way of the world…. Might as well be part of the winning team – that money making side of things. That’s all you can do.”
I just finished talking to white guy in his late forties, gassing up excavators and huge dump trucks. We’re near the Estacada High School, and he tells me the scrapping is to make room for more ball fields. The school already has fields and a football stadium. This is a town with 3,000.

According to Friedrich Engels, Anti-Duhring, “the only value known in economics is the value of commodities”.1 Commodities are products produced, not for individual consumption by their producers, but products produced for general public consumption.

The work to transform society involves two parallel paths: resisting harmful systems and institutions and creating new systems and institutions to replace them. Our focus in this article is on positive work that people are doing to change current systems in ways that reduce the wealth divide, meet basic needs, ensure sustainability, create economic and racial justice and provide people with greater control over their lives.

This is going to be an exercise in redefining fascism after meeting with socialists on the hundredth anniversary of the great revolution. In the early 1900s, the Italians who invented the term Fascism also described it as estato corporativo, meaning: the corporate state.

Fascism should more properly be called corporatism, since it is the merger of state and corporate power.
— Benito Mussolini

Then you have that great liberal, giver over of social goods from the rich, Franklin D. Roosevelt, who once described fascism as