Tag: monopoly-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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The Nerd Reich Wanted to Exit the State: Then Capital Learned It Needed the Machinery

Gil Durán's "The Nerd Reich" provocatively dissects the tech elite's evolution from libertarian ideals to an authoritarian grasp on power. Far from escaping state oversight, Silicon Valley's billionaires, like Peter Thiel, reveal a dark shift: they now seek to enhance governmental control while championing the illusion of individual freedom. Durán labels this new reality "tech fascism," where technology conglomerates and capital intertwine with state apparatus. As these technocrats consolidate power, a crucial question emerges: can humanity reclaim technologically wielded potential, or will it remain enslaved by elite ownership? This critical inquiry forebodes a future dominated by private interests rather than collective governance.

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The Rear Grew Teeth: Europe Rearms the Empire and Builds the Means to Defy It

Europe stands at a crossroads, teetering between aspiration and disillusionment. While citizens envision a unified continent brimming with strength, their faith in existing structures crumbles under the weight of slow responses and dependency on America. With rising defense spending and manufacturing capacities, the stakes are high: will this newfound power serve the elite monopolies or empower the working class? The far-right feeds on feelings of decline, masking deeper questions about control and ownership. The real issue isn't a lack of imagination but the dire need for command: who controls Europe’s burgeoning power? The fight for true sovereignty—socially and politically—has only just begun.

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The Worker Becomes Optional: The Wage Still Demands Your Life

Bill Gates has finally acknowledged a truth that capitalists prefer to ignore: as AI and automation advance, corporations can reduce their reliance on human workers, yet those workers still need jobs to survive. This dystopian paradox manifests as corporations accumulate vast fixed capital while employing fewer people, leading to increasing labor insecurities. The state, ostensibly aiding automation's growth, is simultaneously crafting systems to manage this emerging class of excess workers. Gates proposes measures to protect jobs, but under capitalism, preserving employment becomes essential simply for survival, distorting the very essence of technological progress into a means of perpetuating exploitation rather than liberating humanity from labor.

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The Miracle Was Supposed to Take Orders: South Korea and the Contradiction of American Power

South Korea’s “miracle” didn’t fall from the fucking sky. It was built through war, U.S. occupation, anti-communist repression, Japanese capital, state-directed development, disciplined labor and a regional imperial order designed to make capitalism look victorious against socialism. But the contradiction is vicious: the same system built Korean industry strong enough to become indispensable, produced workers powerful enough to break dictatorship, and tied Korean accumulation into an Asian economy increasingly centered on China. Now Washington wants the miracle to keep taking orders—more weapons, more shipyards, more investment, more war preparation. The problem is South Korea ain’t the weak frontier state it used to be.

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Sovereign Enough to Steal From: How American Law Turns Conquest Into Governance

Ward Churchill’s Perversions of Justice exposes the legal machinery through which Indigenous sovereignty is recognized just enough to legitimize treaties, land cessions, resource extraction and colonial administration—then restricted whenever it threatens settler possession or state power. Following that contradiction from conquest and property into uranium mining, blood quantum, AIM repression and U.S. imperial expansion, this review tests both Churchill’s strongest insights and his strategic limits. His final wager—that the colonizer’s own law can be weaponized to fracture legitimacy and withdraw consent—remains powerful. But the deeper revolutionary question is what turns that rupture into organized material counter-power.

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