Tag: monopoly-capital

The Crime of Making Too Much: China and the Empire’s Monopoly on Abundance

The Economist's recent critique of China's industrial prowess reveals a deeper hypocrisy within Western narratives. While it acknowledges China's efficiency, it vilifies state-driven competition when it disrupts Western hegemony. The real issue is not overproduction but an imbalance of purchasing power, presenting an ugly tableau of warehouses filled with goods while people lack access. As China strives for self-reliance, the West's response is to impose tariffs and sanctions, prioritizing monopoly over equitable distribution. This conflict isn’t a mere economic dispute; it’s a struggle for who controls productive capacity. The question is whether to align production with human need or maintain the status quo of inequality.

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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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White Bricks, Yellow Gold: Noboa’s Banana Empire and the Drug War That Never Looks Up

Ecuador's banana industry is a tangled web of legal commerce and illicit narcotics, illustrated starkly by the recent discovery of nearly 770 kilograms of cocaine hidden in a banana shipment. The narrative spins a tale of heroic law enforcement battling malevolent traffickers, all while evading deeper scrutiny of who truly profits. President Daniel Noboa, emerging from a powerful banana-exporting family, faces criticism for militarizing the drug war without addressing the oligarchic structures underpinning the trade. This contradiction exposes a class-selective drug war where the state fights the visible enemy at the bottom while shielding corporate interests. The demand? Unmask the hidden players and dismantle the system that links both bananas and cocaine.

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Capitalism After the Robbery: Adam Smith, the Wealth of Nations, and the Clean Alibi of Bourgeois Political Economy

Adam Smith’s The Wealth of Nations is a twisted tale masquerading as a free-market manifesto, one that defies the naive faith bestowed upon it by neoliberals. It exposes capitalism's fundamental contradictions, revealing how labor produces wealth while class divides it unjustly. Smith acknowledges the state's crucial role in maintaining this order, contradicting the myth of an autonomous market. He scrutinizes colonialism and monopoly yet ultimately upholds capitalist structures. Historical materialism challenges his framework, demanding accountability from the beneficiaries of this exploitation. As we dissect Smith's insights, we unearth his omissions, seeking a world where labor governs—transforming capitalism's alibi into an indictment of its foundation.

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