Class Struggle

Fantasy Politics – ‘Corbyn’s Morons’ And The ‘Sensible Approach’

Like Blair and the rest of the establishment, the Guardian and other corporate media claim their motivation is to preserve Labour's electability, rather than to attack any and all politics that stray off the 'centrist', 'modernising' path. In reality, it could hardly be more obvious that this collection of profit-seeking, corporate enterprises – grandly and laughably proclaiming themselves 'the free press' - is opposing a threat to their private and class interests.

Labour’s Ultra-Right Chuka Their Toys Out The Pram

The 35 MPs who nominated Corbyn are ‘morons’ according to New Labour-era apparatchik John McTernan – basic underlying argument: you can’t actually give voters a choice, because then they might choose the wrong one. You can’t let a candidate who vaguely represents the reasons people join the Labour Party slip into the contest – because we don’t represent those views, and have built entire careers around leading a group of people we fundamentally disagree with.

Global Derivatives: $1.5 Quadrillion Time Bomb

Financial predators entrap small/weak nations into unrepayable debt peonage like Greece, bleed them dry, and thirdworldize developed ones into dystopian backwaters – while they grow richer and more powerful than ever ahead of the whole corrupt system going bust, decimating billions worldwide in greater human misery than already.
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Grexit or Jubilee? How Greek Debt Can Be Annulled

For Greece, leaving the EU may be perilous; but it opens provocative possibilities. The government could nationalize its insolvent banks along with its central bank, and start generating the credit the country desperately needs to get back on its feet. If it chose, it could do this while still using the euro, just as Ecuador uses the US dollar without being part of the US.
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How the German Media Mislead the Public about the Greek Crisis

Europeans who have been completely misled about the Greek crisis, and who are shielded from its consequences, are willing to endorse their governments’ cruelty toward Greeks. German officials have openly boasted about how well protected its economy is against collapse in Greece – not an empty boast given the reality of the past several years. People who believe in democracy assume that it gives voters the most influence on decisions that impact them the most.

Greece – Rescue Without Debt

Chris Black concludes that a “court would also have to consider whether the contract was ever valid in the first place; that is – did both sides get real consideration for their part in the bargain….It is clear that the moneys lent did not actually flow into the Greek economy but were nominal loans to the Greek nation, but actually went from one lenders bank to another and back again, so that it was really a scam to steal the wealth of the Greek people….

America’s New Brutalism: the Death of Sandra Bland

On July 9, soon after Sandra Bland, a 28-year-old African-American woman, moved to Texas from Naperville, Illinois to take a new job as a college outreach officer at her alma mater, Prairie View A&M, she was pulled over by the police for failing to signal while making a lane change. What followed has become all too common and illustrates the ever increasing rise in domestic terrorism in the United States.

We Are All Greeks Now

Human life is of no concern to corporate capitalists. The suffering of the Greeks, like the suffering of ordinary Americans, is very good for the profit margins of financial institutions such as Goldman Sachs. It was, after all, Goldman Sachs—which shoved subprime mortgages down the throats of families it knew could never pay the loans back, sold the subprime mortgages as investments to pension funds and then bet against them—that orchestrated complex financial agreements with Greece.

Striving To Bring The Bastards Down

And yet so unempathic has society become, so casually indifferent to suffering, that almost everybody involved in this horror story feels perfectly happy and justified in what they are doing. The true banality of evil is Harriet Harman saying it would not be right for the opposition to quibble with yet more atrocities heaped on the poor in case it upsets the tiny handful of swing voters who chose Tory over Labour.

Why No Means Yes

European Commission President Jean-Claude Juncker threatened to expel Greece from Europe, despite no law permitting this to occur. Let us see now whether he still tries to carry out his bluff, which has been echoed by right-wing leaders throughout Europe. His retaliatory actions from an ostensibly non-political, non-elected office are not alone. The eurozone class war in support of finance against labor and industry is now open and in earnest.
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