Showing posts with label Capitalism. Show all posts
Showing posts with label Capitalism. Show all posts

Wednesday, March 8, 2017

Capitalists and Jihadists: French-Swiss multinational admits indirect financing of ISIS

In our previous article "ISIS: A tool in the hands of Imperialism" we were writing among other things: "...the savage murderers of ISIS became part of an imperialist equation in Syria which serves the interests of the monopolies of the states involved in the war". The revelation of the numerous direct and indirect relations between large corporations and the jihadists was a matter of time. 

Such an interesting revelation came recently from London's "Financial Times" which expose the indirect financing of the Islamic State from LafargeHolcim, the French-Swiss multinational manufacturer of building materials.

Friday, March 3, 2017

THIS IS CAPITALISM! Smartphones made by blood; child labour in Congo's cobalt mines

It's Capitalism, Stupid...

A Sky News investigation has found children as young as four working in Congolese mines where cobalt is extracted for smartphones.The mineral is an essential component of batteries for smartphones and laptops, making billions for multinationals such as Apple and Samsung, yet many of those working to extract it are earning as little as 8p a day in desperately dangerous conditions.

Monday, February 27, 2017

New Developments in Political Economy: The Demise of “Globalization”

New Developments in Political Economy: The Demise of “Globalization”.

“Globalization” is a slippery term: 1. Sometimes it is used as a description of the quantitative changes in the global economy that emerged in the 1980s. 2. Sometimes it is used to express a set of policy prescriptions that gained traction in that same period. 3. Sometimes it is used to name a theory positing a new era, epoch, or stage of capitalism, a qualitative change in the way that contemporary capitalism functions.
And sometimes the word is used in all three senses:

Friday, February 3, 2017

"Trump will be a disaster for the US working class" - Interview with Zoltan Zigedy

On the occasion of the beginning of Donald Trump's presidency and the recent anti-Trump demonstrations throughout the United States, we asked from the US-based blogger and activist Zoltan Zigedy* to share his views. 

Tuesday, January 17, 2017

IT'S CAPITALISM, STUPID: Just eight men own same wealth as half the world

According to the latest report published by Oxfam eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity. Oxfam's report 'An economy for the 99%'shows that the gap between rich and poor is far greater than had been feared. 

More specifically:
• Eight men now own the same amount of wealth as the poorest half of the world.

• Over the next 20 years, 500 people will hand over $2.1 trillion to their heirs – a sum larger than the GDP of India, a country of 1.3 billion people.

• The incomes of the poorest 10% of people increased by less than $3 a year between 1988 and 2011, while the incomes of the richest 1% increased 182 times as much.

• A FTSE-100 CEO earns as much in a year as 10,000 people in working in garment factories in Bangladesh.

• In the US, new research by economist Thomas Piketty shows that over the last 30 years the growth in the incomes of the bottom 50% has been zero, whereas incomes of the top 1% have grown 300%.

• In Vietnam, the country’s richest man earns more in a day than the poorest person earns in 10 years.

Monday, January 16, 2017

USA / Donald Trump government: Priority in serving the general interests of the capital

Article published on 'Rizospastis' Sunday Edition, 15 January 2017 / Translation: In Defense of Communism.

The priorities of the government of the newly-elected U.S. President, Donald Trump, who takes office on January 20th, do not differ from those of the outgoing President Barack Obama because- despite the existing differences in their declarations- their common denominator is to safeguard the general interests of the bourgeoisie. That doesn't negate a multilevel intra-bourgeois confrontation for the way through which this will be achieved more effectively, especially in a period when the inter-imperialist antagonism is exacerbated, with an estimated relative loss of U.S. leadership in the international capitalist economy and given the difficulties for a more impetuous capitalist recovery. More specifically Trump promotes a different mix of management with stronger elements of protectionism, an issue which however creates difficulties in international trade, which in turn displeases other parts of the (U.S) capital. 

Monday, January 2, 2017

Capitalism Unmasked: Numbers reveal the expansion of social inequalities in the 21st century

The poorest half of the world's population shares a bit under the 1% of the global wealth, while the richest 10% owns the 88% of the total global wealth. The 0.7% of the world's population owns 116.6 trillion dollars!

1. The richest 1% of the world's population controls half of the global wealth. Despite the economic crisis, the number of millionaires in a worldwide scale was increased during the last 12 months of 2016.

2. According to a survey by Credit Suisse, 3.4 billion people- the 71% of the world's population- share only 7.4 trillion dollars, less than the wealth of the 2,473 billionaires around the world. 

3. The total number of billionaires grew by 81% since 2009, a year after the collapse of Lehman Brothers, while their wealth was more than doubled. According to data provided by Wealth-X and UBS, 16.6 million people (0.334% of the global population) own 77 trillion dollars, which is almost the annual global GDP.

4. Approximately 211,275 millionaires (0.004% of the global population) own the 12.8% (29.7 trillion dollars) of the global wealth, while 2,325 billionaires own 7.3 trillion dollars.

Thursday, December 29, 2016

Raul Castro: "Cuba will not go towards Capitalism now or ever"

Source: Telesur.

Cuban President Raul Castro said that the socialist country will not head towards capitalism, as the country prepares for the first anniversary of the Cuban Revolution after the death of his brother Fidel.

Raul spoke at the national assembly, after over a month since he announced to the world the death of revolutionary leader Fidel Castro on November 25.

He spoke about the economy of the nation predicting that the economy will grow and the Gross Domestic Product will grow moderately at around 2 percent.

To achieve this, three decisive premises must be fulfilled: ensuring exports and their timely billing, increasing domestic production that replaces imports, and reducing all non-essential expenses, he added.

The president also said the country shouldn’t be afraid of foreign capital arriving on the island.

Tuesday, December 13, 2016

Aleka Papariga: Capitalism will not live forever; it will be overthrown

Speaking in a political event organised by the KKE Sectoral Organisation of Volos on Sunday 11/12, the member of the CC of the KKE and former General Secretary of the Party Aleka Papariga, mentioned, among others, the following:

"The KKE is the only Party that knows very well what the capitalist system means. It knows very well the danger of Capitalism, the power it has in its hands, but also knows that the capitalist system isn't a system that will live forever. On the contrary, it is a system which can be overthrown. [...] Many believe that as long as the Socialist system does not exist today, the only system that can exist is Capitalism. We say that Capitalism has contradictions and deadlocks- even today, when it appears in a global scale, without opponent- and can be overthrown.

Of course, it will not collapse by itself, but in one or another country the conditions for its overthrow can be created. And what is important today, above all, is that the working class and her allies must understand that there is the potentiality to take the power in their hands. 

Monday, December 12, 2016

Kostas Papadakis (KKE MEP)- No trust in any bourgeois government, any bourgeois class, any imperialist alliance

Source: inter.kke.gr.

Kostas Papadakis, member of the CC and MEP, in the introductory speech of the KKE at the international seminar of the KKE's delegation to the European Parliament stressed the following:

Dear comrades,

Our seminar today aims to shed light on contemporary, complex and serious (for the workers) developments, through the prism of  Leninist thought, as this was exemplified 100 years ago in the work "On the Slogan for a United States of Europe". With the utilization of other works that also analyze the constituent elements of imperialism, as the highest stage of capitalism.
Today, we see new inter-state unions next to the old ones, like NATO and the EU. Unions are emerging in Eurasia, Latin America, Asia that supposedly aim to unite the peoples and economic life of entire continents. The problems are serious, because apart from the mutated parties that bear the "communist" title and follow the social-democratic path, there are CPs that are trying, struggling but detach this development from its economic base and salute it, adopting the ideological construct of the so-called "multi-polar world".

Saturday, December 3, 2016

THE TRUTH ABOUT SOCIALIST CUBA: Refuting the bourgeois slanders against Fidel Castro

EDITORIAL

The death of Comandante Fidel Castro Ruz on November 25 sparked a barrage of vulgar statements, declarations and comments from various bourgeois sources. Liberals, neoliberals, conservatives, neo-Nazis and other apologists of Capitalism's barbarity tried to vilify Fidel as a "dictator" and Socialist Cuba as a "repressive dictatorship". Of course, the millions of Cuban people, of every age, who took the streets in order to say farewell to Comandante Fidel gave their powerful response to all these anticommunist slanderers. Was Fidel Castro a "dictator", as the bourgeois propaganda argues, or was he a champion of social justice and a hero to millions of people across the world?

Sunday, November 20, 2016

Reflections on Jack Rasmus’s "Looting Greece: A New Financial Imperialism Emerges"

Reflections on Jack Rasmus’s book Looting Greece: A New Financial Imperialism Emerges.
By Kostas Pateras* / Source: Marxism Leninism Today.
Looting Greece: A New Financial Imperialism Emerges by Jack Rasmus. Atlanta, Georgia: Clarity Press, 2016. $24.95. 312 pp.
The prolonged capitalist crisis in Greece, the intense labour-people's struggles, the dramatic negotiations and contradictions around the Greek debt (for which the Greek people are not responsible), the rise of SYRIZA have all attracted the interest, and this is only natural, of analysts, commentators, journalists, and, of course, ordinary workers from all over the world.
In the last two years in particular, a plethora of books have been published that attempt to analyze these developments and draw conclusions. One such effort is Looting Greece: A New Financial Imperialism Emerges, a recent book by Jack Rasmus, a professor of economics and politics at St. Mary’s College in California, and a writer for Z Magazine and Counterpunch.

Friday, November 11, 2016

Donald Trump: A choice of the capitalist establishment

EDITORIAL

The result of the U.S Presidential elections highlights the deep intensification of the contradictions within the bourgeois system of the United States. The victory of Donald Trump has been presented by many as an "anti-establishment" message of the American voters. There is a whole mechanism of media, both in the United States as well as in Europe, which tries to present Trump as the "epitomy of the American dream", as the successfull non-professional politician who is willing to clash with the U.S political establishment. 

Tuesday, November 8, 2016

U.S. Presidential Elections: Between Scylla and Charybdis


Today, 8th November, the people of the United States of America are voting for the new President of the country. Their choice is between Hillary Clinton and Donald Trump, two people who express different parts of the american bourgeoisie. Their political and economic proposals reflect the intensification of the contradictions between different portions of the U.S. capital, within the metropolis of capitalism. Like every candidate in  the U.S. Presidential Elections, both Mrs. Clinton and Mr.Trump are representatives of monopoly interests and large corporations.

Whatever the outcome of today's elections is, the working people of the United States must have no illusions about the upcoming developments. The future president- either Clinton or Trump- will not hesitate to proceed decisively in order to safeguard the interests of the U.S. monopolies. 

Thursday, October 13, 2016

ΚΚΕ: The Paris Agreement on the Climate provides new field of profitability for the monopolies, amid fierce competition

Source: inter.kke.gr.
The KKE delegation to the European Parliament voted against its ratification by the European Parliament.
The KKE delegation to the European Parliament voted against the ratification of the Paris Agreement on the "climate change" in the European Parliament plenary in Strasbourg, because it perpetuates the causes which cause environmental problems, the ones which the capitalist development path creates and exacerbates.
In its speech to justify its negative vote, the KKE delegation to the European Parliament stressed the following:

Thursday, September 29, 2016

Greek industrialists: "SYRIZA and New Democracy converge in their economic strategy"

Info taken from 'Rizospastis', 24/9/2016.

In it's latest weekly report, the Hellenic Federation of Enterprises (the union of the Greek industrialists) admit that the SYRIZA government and the right-wing, conservative opposition of New Democracy have no fundamental differences in their strategy for the country's economy. "The development objective is common, the means are different" says the report of SEV* thus openly acknowledging the convergence between SYRIZA and New Democracy in their strategy to serve the antipeople, antiworkers objectives and priorities of the Greek capital.

The industrialists evaluate the interventions of Prime Minister Alexis Tsipras and opposition leader Kyriakos Mitsotakis at the Thessaloniki International Fair earlier this month as "positive", as long as both seem to be fully aligned to the demands of the domestic capital for competitiveness and recovery of profits. 

Wednesday, September 28, 2016

Liars and Opportunists: SYRIZA's 180-degree shift on the privatization of Elliniko

ATHENS (28/9/2016)- Greece's parliament passed new reforms on Tuesday night to cut pension expenditure and transfer control of public utilities to a new asset fundThe reforms seek to unlock 2.8 billion euros ($3.14 billion) in financial loans as part of the country's latest bailout program. 

The reforms were passed by a narrow 152-141 majority vote in Greece's 300-seat parliament, after 152 parliamentary members of the ruling SYRIZA-Independent Greeks (ANEL) coalition approved the reform bill. Only one member of the coalition voted against the bill, along with all opposition members. KKE MPs voted against the anti-people package of laws- "It's about time for the Greek people to say: No more sacrifices for the profits of the few" stated in his speech the General Secretary of the CC of Communist Party of Greece Dimitris Koutsoumbas.

Monday, September 5, 2016

Why Socialism is superior to Capitalism- The achievements of Socialist construction in the Soviet Union

Why Socialism is far superior than Capitalism- 
The achievements of Socialist construction in the Soviet Union 

By Nikos Mottas*.

During the last 25 years, after the victory of the counterrevolutionary forces in the Soviet Union and Eastern Europe, the public political discussion has been dominated by the concept of the “end of history, end of ideologies”. This is certainly a very convenient concept for the dominant class, the bourgeoisie, in her effort to convince the world that: 1) Socialism has irreversibly failed, 2) Capitalism is the final winner in the succession of History's socio-economic transformations, 3) Every argument for a non-capitalist society, where the means of productions will be socialized in a centrally-planned economy, is “unrealistic” and a “utopian fantasy”.

Anticommunism, of course, consists a core part of the above bourgeois principle. For more than two decades, the bourgeois forces and their mechanisms (historiography, media, etc.) in all over the world have unleashed an anticommunist crusade, mainly through demonizing and slundering the Soviet Union and the socialist construction of the 20th century in general.

Saturday, September 3, 2016

The Disintegration of Bourgeois Democracy

The Disintegration of Bourgeois Democracy.
By Charles Andrews*.
The ruling class of the United States has enjoyed widespread popular belief in a myth for almost our entire history, the myth that we live in a democratic republic. Under the rule of law, competition between different opinions and interests results in "the intellectual and industrial progress of the people."1
We were taught elements of the myth in high school civics class – election of public officials by vote of the people; checks and balances between separate legislative, executive, and judicial powers; the gradual expansion of rights to the entire population; and so on. Some people are cynical about it, and most people surmise that exceptional things happen behind closed doors. Yet no coherent alternative explanation of how society is governed rivaled it.
Bourgeois democracy was both a myth and a genuine practice in the governance of capitalism. Political leaders and the Establishment took care in public to follow the rules. Action in violation of them was usually done behind the scenes.2
This year highlights a change that has been underway for several decades. The smooth operation of bourgeois democracy has become more difficult. A brief list of events around the presidency since 1960 charts the disintegration.

Saturday, August 27, 2016

Ceausescu Reloaded: Romania's capitalist hell makes people to reminisce the era of Socialism

OUR COMMENT.

Almost 27 years have passed since the counterrevolutionary events in Romania and the execution of Nicolae Ceausescu and his wife, Elena. On December 25, 1989, after a hasty, parody trial before a Kangaroo court, the Ceausescu couple were executed in Targoviste, north of Bucharest. According to the head of the firing squad, Nicolae Ceaușescu sang "The Internationale" while being led up against the wall. The execution of Ceausescu marked the end of the counter-revolutionary overthrow of Socialism in Romania and the beginning of a “new order” in the country.

Ceausescu is an exemplary case of how western media manipulate the image of a politician. When, for example, Romania did not participate in the intervention of the Warsaw Pact armies in Czechoslovakia in 1968, the West praised Ceausescu as a “good pal” within the eastern bloc. When Romania accepted to participate in the 1984 Los Angeles Olympiad (which was boycotted by the other Socialist countries), western media again praised Nicolae Ceausescu for his “disobedience towards Moscow”. However, this changed when the Romanian leader distanced himself from Gorbachev's counter-revolutionary line of “compromise” with Imperialism. Then, the directed western media propaganda started to present Ceausescu as the “Dracula”, demonizing his leadership. The “good guy” of the eastern bloc rapidly transformed into a “brutal dictator” in the eyes of the so-called international community.