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Learning about the exploitation of the factory workers of China is important not only because, as Johann Hari describes, their brutish toil produces most of our cheap consumer goods in the West. As I argued in my recent interview (Part 2B: Social Limits and the Crisis), we have an even more important connection to these Chinese workers – the hope that their liberation offers the possibility of our own.
Organizing outside the Chinese Communist Party’s official union, workers have initiated a series of crippling strikes that repeatedly shut down factories, among other forms of rebellion. They are openly defying the totalitarian state-capitalist government of China, as well as the Western corporations whose factories they are closing. And they are winning. Wages are being increased by 40, 60, even 100% at some plants.
If the Chinese workers’ movement continues to disrupt the sweatshops pumping out our electronics and car parts, they could throw a wrench into the China->U.S. cheap goods conveyor belt that has carried global capitalist growth for more than a decade. The destruction of this global trade alliance will not only free the Chinese workers from the abominable conditions Hari describes, but potentially free the entire planet from an economic system hell-bent on relentless growth and plunder.
image from The Economist
In short, capitalism relies on China’s absurdly cheap labor for its profit margins. This unsanctioned frenzy of Chinese labor organizing is striking a blow in the heart of the system. More power to ‘em! We should support these workers however possible. [alex]
And the Most Inspiring Good News Story of the Year is…
by Johann Hari, August 6, 2010
At first, this isn’t going to sound like a good news story, never mind one of the most inspiring stories in the world today. But trust me: it is.
Yan Li spent his life tweaking tiny bolts, on a production line, for the gadgets that make our lives zing and bling. He might have pushed a crucial component of the laptop I am writing this article on, or the mobile phone that will interrupt your reading of it. He was a typical 27-year old worker at the gigantic Foxconn factory in Shenzen, Southern China, which manufactures i-Pads and Playstations and mobile phone batteries.
Li was known to the company by his ID number: F3839667. He stood at a whirring line all day, every day, making the same tiny mechanical motion with his wrist, for 20 pence an hour. According to his family, sometimes his shifts lasted for 24 hours; sometimes they stretched to 35. If he had tried to form a free trade union to change these practices, he would have been imprisoned for twelve years. On the night of May 27th, after yet another marathon-shift, Li dropped dead.
Deaths from overwork are so common in Chinese factories they have a word for it: guolaosi. China Daily estimates 600,000 people are killed this way every year, mostly making goods for us. Li had never experienced any health problems, his family says, until he started this work schedule; Foxconn say he died of asthma and his death had nothing to do with them. The night Li died, yet another Foxconn worker committed suicide – the tenth this year.
For two decades now, you and I have shopped until Chinese workers dropped. Business has bragged about the joys of the China Price. They have been less keen for us to see the Human Price. KYE Systems Corp run a typical factory in Donguan in southern mainland China, and one of their biggest clients is Microsoft – so in 2009 the US National Labour Committee sent Chinese investigators undercover there. On the first day a teenage worker whispered to them: “We are like prisoners here.”
The staff work and live in giant factory-cities that they almost never leave. Each room sleeps ten workers, and each dorm houses 5000. There are no showers; they are given a sponge to clean themselves with. A typical shift begins at 7.45am and ends at 10.55pm. Workers must report to their stations fifteen minutes ahead of schedule for a military-style drill: “Everybody, attention! Face left! Face right!” Once they begin, they are strictly forbidden from talking, listening to music, or going to the toilet. Anybody who breaks this rule is screamed at and made to clean the toilets as punishment. Then it’s back to the dorm.
It’s the human equivalent to battery farming. Read the rest of this entry »
Child soldiers in the Congo Civil War
A civil war has been raging in the Democratic Republic of the Congo since.. well.. pretty much since the Belgians conquered the area, committed genocide, and called it a colony, as told in the excellent book King Leopold’s Ghost. But in the past 13 years, warfare has escalated and killed over 6 million Congolese, while rape has become an absolute epidemic and one of the main weapons of war. The UN’s top humanitarian official described the sexual violence against Congolese women as “almost unimaginable” for its frequency and ferocity.
This is a conflict that concerns us all, as it sheds crucial light on the functioning of global capitalism. At the center of the war is a mineral called coltan, short for Columbite-tantalite, which is used in capacitors, a necessary piece of electronics found in virtually every electronic device of modern capitalist society, from laptops to cell phones to cameras and jet engines. See Coltan: Learning the Basics. Coltan is just one of several expensive and rare minerals abundant in this remote region of central Africa, but coltan is ONLY available in this part of the world, which makes it extremely valuable.
Millions of children are exploited to mine coltan and other valuable minerals in the Congo
The DRC government, Uganda, Rwanda, and various militias and guerrilla forces are fighting over control of the land where these minerals are mined. The local residents, whose traditional lifestyles have been disrupted by decades of civil war, are forced to dig tiny amounts of these “conflict minerals” from the soil in inhuman conditions, often with their bare hands. An estimated 2 million of the miners are children, and often they are literal or virtual slaves who are on the brink of starvation. It is a situation which can only be described as hell on earth.
When you hear about such extreme exploitation, you can be pretty sure that some folks are making a hell of a lot of money. In this case, it’s western corporations like Nokia, Motorola, Compaq, Dell, IBM, Sony and many more who rely on extremely cheap capacitors in their electronics to make their profits from our Christmas presents. These companies have thus far avoided scrutiny by outsourcing the more direct business of extracting the minerals to smaller companies.
If there is any hope in this terrible situation, it is that capitalism is reaching the end of its ability to exploit the people of the world the way it has for the last centuries, and through the increased awareness of what is happening in places like the Congo, we as a people will say “Never again.” It is primarily the responsibility of those of us in the wealthy countries to put a stop to this paradigm of rape, slavery, and capitalist profit. Only we have the power to end the madness.
Below is a wonderful article that outlines specific solutions to the Congo civil war. [alex]
Conflict Minerals: A Cover For US Allies and Western Mining Interests?
Kambale Musavuli and Bodia Macharia
Originally published by Huffington Post, Dec. 14, 2009.
As global awareness grows around the Congo and the silence is finally being broken on the current and historic exploitation of Black people in the heart of Africa, myriad Western based “prescriptions” are being proffered. Most of these prescriptions are devoid of social, political, economic and historical context and are marked by remarkable omissions. The conflict mineral approach or efforts emanating from the United States and Europe are no exception to this symptomatic approach which serves more to perpetuate the root causes of Congo’s challenges than to resolve them.
The conflict mineral approach has an obsessive focus on the FDLR and other rebel groups while scant attention is paid to Uganda (which has an International Court of Justice ruling against it for looting and crimes against humanity in the Congo) and Rwanda (whose role in the perpetuation of the conflict and looting of Congo is well documented by UN reports and international arrest warrants for its top officials). Rwanda is the main transit point for illicit minerals coming from the Congo irrespective of the rebel group (FDLR, CNDP or others) transporting the minerals. According to Dow Jones, Rwanda’s mining sector output grew 20% in 2008 from the year earlier due to increased export volumes of tungsten, cassiterite and coltan, the country’s three leading minerals with which Rwanda is not well endowed. In fact, should Rwanda continue to pilfer Congo’s minerals, its annual mineral export revenues are expected to reach $200 million by 2010. Former Assistant Secretary of State for African Affairs Herman Cohen says it best when he notes “having controlled the Kivu provinces for 12 years, Rwanda will not relinquish access to resources that constitute a significant percentage of its gross national product.” As long as the West continues to give the Kagame regime carte blanche, the conflict and instability will endure. Read the rest of this entry »
http://www.democracynow.org/2009/12/17/bolivian_president_evo_morales_on_climate
AMY GOODMAN: Just before we went to air today, I interviewed Evo Morales, Bolivia’s first indigenous president. He was re-elected in a landslide victory earlier this month. On Wednesday, Evo Morales called on world leaders to hold temperature increases over the next century to just one degree Celsius, the most ambitious proposal so far by any head of state. Morales also called on the United States and other wealthy nations to pay an ecological debt to Bolivia and other developing nations.
AMY GOODMAN: President Morales, welcome to Democracy Now!
PRESIDENT EVO MORALES: [translated] Thank you very much for the invitation.
AMY GOODMAN: You spoke yesterday here at the Bella Center and said we cannot end global warming without ending capitalism. What did you mean?
PRESIDENT EVO MORALES: [translated] Capitalism is the worst enemy of humanity. Capitalism—and I’m speaking about irrational development—policies of unlimited industrialization are what destroys the environment. And that irrational industrialization is capitalism. So as long as we don’t review or revise those policies, it’s impossible to attend to humanity and life.
AMY GOODMAN: How would you do that? How would you end capitalism?
PRESIDENT EVO MORALES: [translated] It’s changing economic policies, ending luxury, consumerism. It’s ending the struggle to—or this searching for living better. Living better is to exploit human beings. It’s plundering natural resources. It’s egoism and individualism. Therefore, in those promises of capitalism, there is no solidarity or complementarity. There’s no reciprocity. So that’s why we’re trying to think about other ways of living lives and living well, not living better. Not living better. Living better is always at someone else’s expense. Living better is at the expense of destroying the environment.
AMY GOODMAN: President Morales, what are you calling here—for here at the UN climate summit?
PRESIDENT EVO MORALES: [translated] Defense of the rights of Mother Earth. Read the rest of this entry »
This is a great, short video that shows why “Cap and Trade” schemes to reduce carbon emissions, like what world leaders are discussing at the Copenhagen Summit, are fundamentally flawed. Turns out that selling our atmosphere to corporations might actually be a bad way to stop climate change. It’s just another attempt to bail out capitalism, this time by making a commodity out of our hopes for a sustainable future.
Annie Leonard, creator of the original “Story of Stuff,” has hit another one out of the park by breaking down complex political issues into simple, accessible and visually appealing viral videos. Check it out (And share with family and friends)! [alex]
And here is the original, highly-acclaimed “Story of Stuff”
see more at storyofstuff.com
An excellent talk on the relation between mental health and capitalism/neoliberalism. This is worth watching all the way through if you can. Dr. Stephen Bezruchka discusses the pharmaceutical/psychiatric industry and the spiraling rates of anti-depressants and other drugs given out to adults and children. This medicating of America doesn’t seem to be curbing mental illness or mental disorders, which are more prevalent in the US today than ever before, or in any other countries.
He suggests a more “caring and sharing” society, focused especially on better childhood development and reducing the gap between rich and poor, would do much to help us heal our over-stressed and depressed nation. This is a great line of thought, as understanding psychological disorder within the context of political decision-making allows us to imagine strategies to overcome it. Human-made problems have human solutions.
[The tremendous waste and planned destruction that is inherent to capitalism is really quite astounding, but acknowledging this opens a great doorway for all those concerned about social justice and protecting the environment. Rational production, organized by society rather than for profit, would allow a great reduction in environmental damage, without sacrificing social welfare. In fact, as Don Fitz points out, economic production scaled to meet human and ecological needs would be so much more efficient than capitalist production that we could produce far less, while simultaneously increasing quality of life dramatically.
This brief overview of the military, food, health care, etc. industries suggests ways to completely transform and down-scale the economy, which would actually make us all richer. Worth the read! -alex]
We Can Produce Less and Consume More
by Don Fitz
Originally published by ZNet, July 15, 2009.
A major gulf between environmental and social justice activists is “stuff.” Environmentalists (or at least serious ones) say “less.” Social justice organizers have the habit of saying “more.”
This divisive question cuts to the edge of the sort of society we want to build. Deep greens envision a world with much less stuff. A great outline is Annie Leonard’s The Story of Stuff. [1] An excess of human-produced objects destroys species habitat, poisons communities with toxins, depletes oil and intensifies climate change.
Social justice activists, however, have devoted centuries to denouncing capitalism as placing fetters on the expansion of production. Whether the struggle is against racism, for labor rights, or resistance to imperialism, the cry is for the oppressed to have a much bigger piece of the pie.
In response to the current economic crisis, a near-unanimous chorus sings “There must be a stimulus package.” There is considerable debate over the size of the stimulus and what should be stimulated but not a whimper asking whether growth is really a good idea. It is a rare Michael Moore suggesting that auto plants should not produce autos, but rather solar panels and windmills for a society without privately owned cars. [2] It is even more rare to hear suggestions that auto plants should manufacture less and that unemployment could be resolved by shortening the work week.
A shorter work week is not exactly of the top of most environmental agendas. In fact, environmentalists often shoot themselves in the foot when they call for “sacrifices” from those who have already done more than their fair share of doing without.
Production and consumption: A broken connection
These conceptual problems stem from progressives using corporate economic frameworks. The error is believing that there is a connection between the amount of production and the amount of consumption. The common misperception is that an increase in consumption requires increased production, and, conversely, a fall in production means there will be less available to consume.
Accepting corporate economics, environmentalists make the false conclusion that if CO2 levels are to drop, then people must consume less. Social justice activists mistakenly believe that putting people back to work and providing basic necessities for all requires an increase in production. Neither of these are true. The greatest decrease in CO2 levels would come with a change in production and requires no personal sacrifice. Increasing production would not guarantee enough jobs; but, changing production could.
The mistake in economic thinking is hardly surprising since there was a direct link between production and consumption during more than 99% of human history. In pre-capitalist societies, if people wanted more, they produced more of what they wanted. This characterized the first few centuries of capitalism.
But between WWI and WWII, something happened that could only be considered a problem within the capitalist mode of production: Industry had the ability to produce enough to satisfy everyone’s basic needs. The first capitalists to realize this were aghast.
Jeffrey Kaplan chronicles their dismay at the discovery “that the industrial capacity for turning out goods seemed to be increasing at a pace greater than people’s sense that they needed them.” [3] Though a tiny handful of business leaders thought that America should switch to a four hour workday, most concluded that such leisure could breed radicalism and that a failure to increase production would threaten profits.
In 1929 President Herbert Hoover’s Committee on Recent Economic Changes announced the growing corporate consensus that capitalism could best survive by creating artificial needs. The Committee gleefully announced that “Economically we have a boundless field before us; that there are new wants which will make way endlessly for newer wants, as fast as they are satisfied.” [4] Read the rest of this entry »
Last night I watched the movie Food Inc., which presents a damning critique of the industrial food system in the United States. The food industry is dominated by a few huge corporations making enormous profits producing non-nutritious, environmentally destructive, farmer-ruining, worker-exploiting, cruel-to-animals and even dangerous food in massive quantities. Worse, the food lobby dominates Washington and with millions of dollars systematically prevents federal regulations which could save lives.
But just as An Inconvenient Truth does, Food Inc. hurts its impressive presentation by missing the landing. The movie tells us exactly what the problem is, but neglects to present an adequate solution to the concerned audience, who by the end of the film is ready to take action. Instead, the makers of Food Inc. tell us that this horrible corrupt system can be undone if we “vote with our dollars” and buy organic yogurt from Wal-Mart, even though Michael Pollan in the film has already told us that organic and healthy foods cost more and many families can’t afford them. Is this film aimed at people who think social change means being more mindful about their personal consumption habits? This might make people feel better, but will it actually stop the machine of destruction that is the industrial food system?
In this essay (below), author Derrick Jensen refutes the logic of this sort of “change” as ineffective – consumers don’t make change, organized citizens/workers/students/communities do. He rightly argues that “moral purity” is a different, and ultimately less noble, goal than “to confront and take down those systems.” This is one of Jensen’s better essays, but I still find it lacking in another crucial measure: Does it inspire hope? Jensen tends towards the apocalyptic, which shuts down people’s ability to see the light at the end of the tunnel, a light which is crucial to help us find our path out of the darkness.
I hope my website provides real solutions to the enormous problems we face, while also inspiring hope that we can achieve those solutions, ourselves. Making better individual consumption/lifestyle decisions is a great thing, and part of the picture, but it’s not enough. We need to work together, to organize, to achieve the social change that is needed, and that we deserve. [alex]
Why personal change does not equal political change
by Derrick Jensen
Published in the July/August 2009 issue of Orion magazine
WOULD ANY SANE PERSON think dumpster diving would have stopped Hitler, or that composting would have ended slavery or brought about the eight-hour workday, or that chopping wood and carrying water would have gotten people out of Tsarist prisons, or that dancing naked around a fire would have helped put in place the Voting Rights Act of 1957 or the Civil Rights Act of 1964? Then why now, with all the world at stake, do so many people retreat into these entirely personal “solutions”?
Part of the problem is that we’ve been victims of a campaign of systematic misdirection. Consumer culture and the capitalist mindset have taught us to substitute acts of personal consumption (or enlightenment) for organized political resistance. An Inconvenient Truth helped raise consciousness about global warming. But did you notice that all of the solutions presented had to do with personal consumption—changing light bulbs, inflating tires, driving half as much—and had nothing to do with shifting power away from corporations, or stopping the growth economy that is destroying the planet? Even if every person in the United States did everything the movie suggested, U.S. carbon emissions would fall by only 22 percent. Scientific consensus is that emissions must be reduced by at least 75 percent worldwide.
Or let’s talk water. We so often hear that the world is running out of water. People are dying from lack of water. Rivers are dewatered from lack of water. Because of this we need to take shorter showers. See the disconnect? Because I take showers, I’m responsible for drawing down aquifers? Well, no. More than 90 percent of the water used by humans is used by agriculture and industry. The remaining 10 percent is split between municipalities and actual living breathing individual humans. Collectively, municipal golf courses use as much water as municipal human beings. People (both human people and fish people) aren’t dying because the world is running out of water. They’re dying because the water is being stolen.
Or let’s talk energy. Kirkpatrick Sale summarized it well: “For the past 15 years the story has been the same every year: individual consumption—residential, by private car, and so on—is never more than about a quarter of all consumption; the vast majority is commercial, industrial, corporate, by agribusiness and government [he forgot military]. So, even if we all took up cycling and wood stoves it would have a negligible impact on energy use, global warming and atmospheric pollution.”
Or let’s talk waste. In 2005, per-capita municipal waste production (basically everything that’s put out at the curb) in the U.S. was about 1,660 pounds. Let’s say you’re a die-hard simple-living activist, and you reduce this to zero. You recycle everything. You bring cloth bags shopping. You fix your toaster. Your toes poke out of old tennis shoes. You’re not done yet, though. Since municipal waste includes not just residential waste, but also waste from government offices and businesses, you march to those offices, waste reduction pamphlets in hand, and convince them to cut down on their waste enough to eliminate your share of it. Uh, I’ve got some bad news. Municipal waste accounts for only 3 percent of total waste production in the United States.
I want to be clear. I’m not saying we shouldn’t live simply. I live reasonably simply myself, but I don’t pretend that not buying much (or not driving much, or not having kids) is a powerful political act, or that it’s deeply revolutionary. It’s not. Personal change doesn’t equal social change. Read the rest of this entry »
Fundamentalist Consumerism and an Insane Society
February 2009
By Bruce E. Levine
Originally published by ZMag.
At a giant Ikea store in Saudi Arabia in 2004, three people were killed by a stampede of shoppers fighting for one of a limited number of $150 credit vouchers. Similarly, in November 2008, a worker at a New York Wal-Mart was trampled to death by shoppers intent on buying one of a limited number of 50-inch plasma HDTVs.
Jdiniytai Damour, a temporary maintenance worker was killed on “Black Friday.” In the predawn darkness, approximately 2,000 shoppers waited impatiently outside Wal-Mart, chanting, “Push the doors in.” According to Damour’s fellow worker Jimmy Overby, “He was bum-rushed by 200 people. They took the doors off the hinges. He was trampled and killed in front of me.” Witnesses reported that Damour, 34 years old, gasped for air as shoppers continued to surge over him. When police instructed shoppers to leave the store after Damour’s death, many refused, some yelling, “I’ve been in line since yesterday morning.”
The mainstream press covering Damour’s death focused on the mob of crazed shoppers and, to a lesser extent, irresponsible Wal-Mart executives who failed to provide security. However, absent in the corporate press was anything about a consumer culture and an insane society in which marketers, advertisers, and media promote the worship of cheap stuff.
Along with journalists, my fellow mental health professionals have also covered up societal insanity. An exception is the democratic-socialist psychoanalyst Erich Fromm (1900-1980). Fromm, in The Sane Society (1955), wrote: “Yet many psychiatrists and psychologists refuse to entertain the idea that society as a whole may be lacking in sanity. They hold that the problem of mental health in a society is only that of the number of ‘unadjusted’ individuals, and not of a possible unadjustment of the culture itself.”
While people can resist the cheap-stuff propaganda and not worship at Wal-Mart, Ikea, and other big-box cathedrals—and stay out of the path of a mob of fundamentalist consumers—it is difficult to protect oneself from the slow death caused by consumer culture. Human beings are every day and in numerous ways psychologically, socially, and spiritually assaulted by a culture which:
- creates increasing material expectations
- devalues human connectedness
- socializes people to be self-absorbed
- obliterates self-reliance
- alienates people from normal human emotional reactions
- sells false hope that creates more pain
One of Philadelphia’s larger newspapers puts Paul Glover, local currency and mutual aid-based health care advocate, on its cover story. As always, Paul makes wise and witty proposals to help us solve our economic and ecological woes, and now people are finally listening!
My favorite solution: “Neighborhood watch instead of neighborhood watch TV.” [alex]
Prepare for the Best
A guide to surviving — and thriving in — Philadelphia’s new green future.
Published: Jan 28, 2009
CityPaper
The Dark Season closes around Philadelphia. Wolves howl, “Tough times coming!” Young professionals with good jobs study budget cuts, watch stocks flail. Career bureaucrats are laid off; college students wonder who’s hiring. Old-timers remember when Philadelphia staggered through the terrible Depression years without jobs or dollars, while crime and hunger rose. Some districts here never escaped that Depression — they’re still choosing between heating and eating.
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As usual, the future will be different. Philadelphia’s responses to global warming and market cooling, high fuel and food prices, health unsurance, mortgages, student debt and war will decide whether our future here becomes vastly better or vastly worse. Whether we’re the Next Great City or Next Great Medieval Village. Imagine Philadelphia with one-tenth the oil and natural gas.
But to hell with tragedy. Let’s quit dreading news. Take the Rocky road. There are Philadelphia solutions for every Philadelphia problem.
Imagine instead that, 20 years from now, Philadelphia’s green economy enables everyone to work a few hours creatively daily, then relax with family and friends to enjoy top-quality local, healthy food. To enjoy clean low-cost warm housing, clean and safe transport, high-quality handcrafted clothes and household goods. To enjoy creating and playing together, growing up and growing old in supportive neighborhoods where everyone is valuable. And to do this while replenishing rather than depleting the planet. Pretty wild, right?
Entirely realistic. Not a pipe dream. And more practical than cynical. The tools, skills and wealth exist.
Mayor Michael Nutter foresees we’ll become the “Greenest City in the United States.” So it’s common-sensible to ask, “What are the tools of such a future?” “What jobs will be created?” “Who has the money?” “Where are the leaders?” “How will Philadelphia look?” “What can we learn from other cities?”
Some of the proposals sketched here can be easily ridiculed, because they disturb comfortable work habits, ancient traditions and sacred hierarchies. Yet they open more doors than are closing. They help us get ready for the green economy, and get there first. Big changes are coming so we might as well enjoy the ride. You have good ideas, too — bring ‘em on.
From “Yes We Can” to “Now We Do”
As President Barack Obama says, “Change comes not from the top down, but from the bottom up.” Philadelphia’s chronic miseries suggest that primary dependence on legislators, regulators, police, prisons, bankers and industry won’t save us. They’re essential partners, but the people who will best help us are us. Read the rest of this entry »
Now I hope people don’t see this article as ‘support for the Soviet Union’ or something ridiculous like that, but I think this is a very insightful and amusing article, based on a powerpoint presentation. The question is, was the USSR more prepared for the economic collapse it suffered than the US is for the collapse it will soon suffer? Orlov lived through the former and seems to think that it was.
Also note that I strongly disagree with his recommendation to abandon politics – he’s right that politicians are swine but i think he’s wrong in overlooking people’s ability to build a resistance movement that can make real changes to our society, despite politicians best efforts to derail it. So with that, enjoy the article! [alex]
Closing the ‘Collapse Gap’: the USSR was better prepared for collapse than the US
by Dmitry Orlov
Originally published be Energy Bulletin, December 4, 2006.
Good evening, ladies and gentlemen. I am not an expert or a scholar or an activist. I am more of an eye-witness. I watched the Soviet Union collapse, and I have tried to put my observations into a concise message. I will leave it up to you to decide just how urgent a message it is.
My talk tonight is about the lack of collapse-preparedness here in the United States. I will compare it with the situation in the Soviet Union, prior to its collapse. The rhetorical device I am going to use is the “Collapse Gap” – to go along with the Nuclear Gap, and the Space Gap, and various other superpower gaps that were fashionable during the Cold War.
Slide [2] The subject of economic collapse is generally a sad one. But I am an optimistic, cheerful sort of person, and I believe that, with a bit of preparation, such events can be taken in stride. As you can probably surmise, I am actually rather keen on observing economic collapses. Perhaps when I am really old, all collapses will start looking the same to me, but I am not at that point yet.
And this next one certainly has me intrigued. From what I’ve seen and read, it seems that there is a fair chance that the U.S. economy will collapse sometime within the foreseeable future. It also would seem that we won’t be particularly well-prepared for it. As things stand, the U.S. economy is poised to perform something like a disappearing act. And so I am eager to put my observations of the Soviet collapse to good use.
Slide [3] I anticipate that some people will react rather badly to having their country compared to the USSR. I would like to assure you that the Soviet people would have reacted similarly, had the United States collapsed first. Feelings aside, here are two 20th century superpowers, who wanted more or less the same things – things like technological progress, economic growth, full employment, and world domination – but they disagreed about the methods. And they obtained similar results – each had a good run, intimidated the whole planet, and kept the other scared. Each eventually went bankrupt. Read the rest of this entry »
this is a nice article that sums up the current financial crisis and some of its global implications. the major piece which is missing, as usual, is an understanding of how global capitalism, and the American Empire in particular, has been propped up by a sea of oil, how the depletion of that oil has sparked this collapse, and why the deepening shortage of oil will prevent anything similar to this capitalist system from coming back, ever again. i’ll try to write an article to explain this soon. [alex]
Death of the American Empire
America is self-destructing & bringing the rest of the world down with it
by Tanya Cariina Hsu
Originally published by Global Research, October 23, 2008.
I believe that banking institutions are more dangerous to our liberties than standing armies. (Thomas Jefferson, US President; 1743 – 1826)
America is dying. It is self-destructing and bringing the rest of the world down with it.
Often referred to as a sub-prime mortgage collapse, this obfuscates the real reason. By associating tangible useless failed mortgages, at least something ‘real’ can be blamed for the carnage. The problem is, this is myth. The magnitude of this fiscal collapse happened because it was all based on hot air.
The banking industry renamed insurance betting guarantees as ‘credit default swaps’ and risky gambling wagers were called ‘derivatives’. Financial managers and banking executives were selling the ultimate con to the entire world, akin to the snake-oil salesmen from the 18th century but this time in suits and ties. And by October 2009 it was a quadrillion-dollar (that’s $1,000 trillion) industry that few could understand.
Propped up by false hope, America is now falling like a house of cards. Read the rest of this entry »
Excerpts from Democracy Now!, May 6, 2008.
[Kevin Phillips, author of "Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism", surveys the economic crisis facing U.S.-dominated global capitalism - including peak oil, the collapse of the Dollar, rising food costs, and the growing dominance of the banking and credit industries. This is fairly radical stuff coming from a former GOP strategist.]
AMY GOODMAN: What do you think is one of the most serious signs of this overall global crisis of American capitalism?
KEVIN PHILLIPS: Well, not to single out just one, I have an approach I use to say that normally when a country is—United States is—heading into a recession, there are one or two, sometimes three, factors that you worry about. But at this point in time, the American economy, you can think of it as being kind of in a shark tank, and there are like six or seven sharks, and you don’t usually see anything like that number. Read the rest of this entry »
A little 20-min. video that gives a basic lesson in political economy for the average American consumer. Brilliant!
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