Tag: finance-capital

The Creature Was Capitalism: G. Edward Griffin, Jekyll Island, and the Federal Reserve

G. Edward Griffin's "The Creature from Jekyll Island" attempts to unmask a so-called conspiracy by banking elites undermining capitalism. Yet, beneath his theories lies an unsettling truth: Griffin exposes the inherent flaws of capitalism while futilely attempting to defend it. His narrative highlights systemic financial abuses and government collusion, ultimately diverting the anger away from the capitalist system itself and scapegoating collectivism instead. By romanticizing a nonexistent capitalist golden age, he veils the violent realities of dispossession and exploitation that built America. Instead of dismantling the oppressive structures underpinning capitalist domination, Griffin's solution ironically calls for a purer capitalism, perpetuating the very cycles of exploitation he critiques.

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The Flag Is Sovereign, the Account Isn’t: UNGA 81 and the Power Beneath the Podium

UNGA 81 looked like a week of separate crises: Palestine, Iran, Venezuela, artificial intelligence and China. Beneath the speeches, however, each exposed the same unfinished contradiction between formal sovereignty and the unequal material power needed to make sovereignty real. Gaza’s reconstruction, Venezuela’s oil revenues, Iran’s negotiations under coercion, and the Global South’s struggle for technological capacity all reveal how finance, property, military force and infrastructure shape what legal equality can actually deliver. The summit’s real story wasn’t only what leaders said from the podium, but who still controls the machinery that gives those words weight.

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The Bill for Command: Hormuz, Treasury Yields, and the Rising Cost of American Power

NBC presents falling stocks, rising Treasury yields and volatile oil as separate market reactions to war. Put the pieces back together and a deeper political economy appears. The struggle over Hormuz is raising the cost of energy and global circulation while Washington is already refinancing enormous debts under sharply higher real yields. Those pressures don’t fall evenly: workers, indebted households and vulnerable importing countries absorb higher costs while energy producers and concentrated technology capital occupy very different positions. What looks like market turbulence is really a struggle over the rising material and financial cost of American command—and who gets forced to pay the bill.

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The Golden Age Needs a Gunboat: Trump’s UN Speech and the Rising Cost of American Command

Trump's United Nations address declares America’s resurgence, yet it reveals an empire grappling with an escalating need for military force and economic coercion to maintain supremacy. His speech elevates military spending, sanctions, and immigration enforcement as signs of strength while ignoring the underlying contradictions—an empire that once commanded effortlessly now relies heavily on intimidation. The reality is that the U.S. must work harder to enforce its will both abroad and domestically as competition grows and global power dynamics shift. Instead of showcasing dominance, Trump's rhetoric underscores a declining ability to produce consent, exposing the fragility of American imperialism. The mask of effortless domination is slipping.

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When the Savages Manage Savagery: 9/11, Permanent War, and the Collapse of the American Century

Max Blumenthal’s The Management of Savagery traces how the Afghan jihad, covert warfare, and the post-9/11 national-security state produced enemies Washington repeatedly claimed it could control. The full architecture of September 11 may never be known, but the official story cannot explain the accumulated record of intelligence failures, Saudi-linked facilitation, prior war planning, institutional obstruction, and immediate imperial exploitation. From Afghanistan and Iraq to Libya, Syria, domestic surveillance, and the rise of Trump, the same contradiction returns: empire weaponized instability, then lost control of the forces it empowered. Permanent war expanded American coercion while accelerating the collapse of the unipolar order.

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The Collateral of Empire: Debt, Power, and the Future

America's staggering $81.9 trillion debt is more than just a number; it's a complex web of financial claims overshadowing the real economic landscape. The nation's ability to issue dollars grants it a unique power, allowing it to leverage future incomes to accommodate debt—while the average worker grapples with mortgages, credit cards, and student loans. This contradictory system—where public power fuels private finance—disguises the inequality at play. As lenders profit, households struggle, further entrenching societal divides. The U.S. isn’t just a massive debtor; it’s a realm where debt serves as both a lifeline and a constraint, revealing the capitalist dance between ownership and obligation.

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Lenin’s Imperialism: The World Is Socialized, the Loot Stays Private

Lenin's "Imperialism, the Highest Stage of Capitalism" exposes the dark underbelly of capitalism, where economic forces and political power dance in a shadowy masquerade. He reveals how imperialism is not a mere side-effect of states' ambitions but a complex product of capital's relentless quest for profit, driving nations to export capital rather than just goods. The document reflects the sinister dynamics that create monopolies, establish financial oligarchies, and differentiate classes within the proletariat, suggesting that even workers can become complicit in their subjugation. This analysis remains crucial today, as it compels us to question ownership and control within our increasingly interconnected world.

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