May you live in interesting times, goes the Chinese proverb. Few can doubt that we are indeed living in such an interesting time. Big changes are afoot in the world, it seems. None more so than the collapsing of the American Empire. The US is going through an historic “correction” in the same way that the Soviet Union did…
The Cold War displaced the legacies of the New Deal. Time and Trump are now displacing Cold War legacies. Where capitalism was questioned and challenged in the 1930s and into the 1940s, doing that became taboo after 1948. Yet in the wake of the 2008 crash, critical thought about capitalism resumed. In particular one argument…
The public denunciation by thousands of women and a few men that they had been victims of sexual abuse by their economic bosses raises fundamental issues about the social relations of American capitalism. The moral offenses are in essence economic and social crimes. Sexual abuse is only one aspect of the social dynamics facilitating the…
n the previous article I explained why bitcoin should be considered a reaction to US dollar hegemony and how other nations and central banks are facing the crisis of the dollar brought on by de-dollarization. In this article I will go into how we came to this point and what mechanisms helped to bring about a debt-based society. In…
I deplore the tax cut that has passed Congress. It is not an economic policy tax cut, and it has nothing whatsoever to do with supply-side economics. The entire purpose is to raise equity prices by providing equity owners with more capital gains and dividends. In other words, it is legislation that makes equity owners…
Surveillance has become a growing feature of daily life wielded by both the state and the larger corporate sphere. This merger registers both the transformation of the political state into the corporate state as well as the transformation of a market economy into a criminal economy. One growing attribute of the merging of state and…
