Tag: crisis-of-capitalism

The Billionaire Is a Receipt: America’s Stolen Ledger of Wealth

The Wall Street Journal tells a fairy tale in which billionaires create wealth while workers, enslaved people, Indigenous nations, Black farmers, public institutions, and the Global South disappear from the ledger. This excavation restores the buried history beneath American fortunes: conquest, slavery, land theft, union-breaking, financial extraction, digital surveillance, and unequal exchange. The real divide is not between innovators and envious socialists, but between the masses who collectively produce social wealth and the minority whose property claims grant them command over it. The answer is organization—from the shop floor to the wider struggle for collective control over humanity’s abundance.

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The Revolution Will Not Be Managed: Glen Ford, the Black Agenda, and the Missing Vehicle

Glen Ford's incisive critique shatters the myth of American progress, revealing how conquest and exploitation are cloaked as success. He dissects the deceptive practices of the Black misleadership class and the Democratic Party, showing how they perpetuate capitalist interests while masquerading as champions of Black liberation. Ford demands a radical rethinking of power and accountability, advocating for community control and reparations, emphasizing that true self-determination lies in empowering marginalized voices. Amidst the pandemic and civil unrest, Ford’s legacy calls for a revolutionary movement capable of dismantling systemic oppression rather than settling for token representation. The fight is not just for visibility; it’s for genuine power.

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The Dream on Layaway: How Capital Repossessed American Adulthood

The "Great Postponement" isn't just about delayed dreams; it signals a devastating structural collapse for young adults trapped in a never-ending cycle of dependency and disempowerment. Despite holding jobs, many remain shackled to their parents' homes, unable to participate fully in adulthood due to spiraling rents and crippling inequality. The system deliberately obscures the true nature of this crisis, homogenizing individual struggles into mere statistics while upholding a status quo drenched in inherited privilege and racial disparity. The solution lies in organizing tenant unions and collective action—because waiting for change is no longer an option. The American Dream is not postponed; it's been stolen.

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Public Money, Private Command: The State Returns to Rescue Capital

Washington's recent equity stakes in key corporations like Intel signal capitalism's failure rather than a shift towards socialism. While the government assumes control over critical industries, it simultaneously excludes workers from labor and decision-making roles. The stated objective is national security, but this forms part of a broader imperial strategy that intertwines military needs with corporate interests. The public funds the industrial system while remaining marginalized, illustrating a profound contradiction: social production is maintained under corporate control. As America grapples with its economic decline, the push for a more equitable structure is vital. It's time for public investment to translate into worker empowerment and community authority.

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The Guardrails Are a Cage: AI, Surplus Humanity, and the Technofascist State

Hundreds of economists warn that artificial intelligence could displace millions of workers, but their petition mistakes a ruling-class offensive for a technical oversight. AI is already being used to reduce workforces, intensify surveillance, automate discipline, exclude applicants, restrict public benefits, and strengthen military and counterinsurgency systems. The real danger is not that machines may escape human control, but that monopoly capital is using them to reduce its dependence on labor while expanding the apparatus needed to manage those it renders surplus. Against this technofascist future, workers are organizing to seize control over deployment, data, productivity, and power.

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The Cloud Has Teeth: Big Tech, SpaceX, and the Casino of Technofascism

The Financial Times might report a stock market tremor as a mere sell-off, but beneath this facade lies a damning truth: Big Tech’s AI boom and SpaceX’s bubble float atop public resources, military contracts, and labor exploitation. This crisis isn't just an investor's blip; it reveals the rot of monopoly capitalism, where clouds obscure heavy debts to the state and imperialism. As SpaceX’s stocks drop, they signify a broader collapse of illusion, exposing the grim reality of military dependency and energy consumption. The future shouldn’t be left to financiers, but redirected to the people, demanding public ownership and accountability in the face of an engineered technological dystopia.

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The Rolling Conquest: When Empire Calls Itself Democracy

The alarm over Trump’s so-called “rolling coup” misses the mark, framing it as a betrayal of democracy rather than recognizing it as a byproduct of a long-standing imperial legacy. The machinery wielded now—surveillance, detention, repression—has deep roots in American history, not just Trump’s era. The danger extends beyond authoritarianism; it’s about an empire shifting to open coercion as it faces crisis. The solution isn’t to restore a flawed system but to cultivate organized, anti-imperialist solidarity. It's time for the oppressed to reclaim their agency, defend against state violence, and dismantle the architecture of oppression that fuels this mechanized repression.

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The Empire’s Cheapest Deputies: How Liberal Media Turns White-Worker Disillusionment Into Political Defeat

The Guardian correctly rejects the liberal fantasy that MAGA is merely “economic anxiety,” but it turns a crack in the settler bargain into a locked door. Trump 2.0 is not the grassroots program of white workers but the ruling-class recalibration of labor discipline, border terror, tariff nationalism, and imperial decline. The racial wage remains real,... Continue Reading →

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The Throne Was Always Cracked: Radhika Desai and the Myth of American Hegemony

Radhika Desai’s Geopolitical Economy obliterates the illusion of a stable, American-led world, revealing that capitalism thrives on conflict, not unity. The book exposes capitalism’s instability, punctuated by crises that merely reshift the burdens onto workers and debtor nations. Desai argues for a multipolar world not as a peaceful transition to a new hegemon, but as a rupture from monopolistic control, fostering opportunities for sovereign development and socialist planning. However, liberation demands that working people reclaim the means of production and governance. The narrative warns against complacency; the emerging multipolarity is ripe for struggle, shaping the future based on who wields power over resources and development.

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Bull Market, Broke People: The Stock Market’s Good News Is the Working Class’s Bad Joke

As markets soar, the majority of households are trapped in economic despair, cutting back on spending as essential prices rise and wages stagnate. The AP's analysis of "consumer confidence" reveals a grotesque class divide—where the wealthy thrive and the working class suffers under burdens of debt and inflation. This narrative cleverly masks the structural inequalities, framing economic distress as mere sentiment rather than a blatant symptom of a system rigged in favor of capital. The urgent call to action is clear: workers must unify and transform their economic plight into organized class power, recognizing that genuine change requires confrontational strategies, not empty optimism.

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