At the beating heart of Moscow, directly opposite the Kremlin on the eastern side of Red Square, you’ll find Russia’s most famous shopping mall. Known as GUM, the ornate neo-classical building sits a stone’s throw from St Basil’s cathedral and the mausoleum of Lenin, the man who attempted to overthrow...
Capitalism
At the beating heart of Moscow, directly opposite the Kremlin on the eastern side of Red Square, you’ll find Russia’s most famous shopping mall. Known as GUM, the ornate neo-classical building sits a stone’s throw from St Basil’s cathedral and the mausoleum of Lenin, the man who attempted to overthrow...
Biden must blame inflation on the corporations parasitically redistributing our income to themselves via record profits. Inflation caused by parasites, greedy corporations x x YouTube Video Watch Politics Done Right T.V. here. I wish Biden had called out the corporations for their parasitic behavior during the State Of The Union...
These are days fraught with political battles over cultural histories abjuring complexity. Today it’s The Wall Street Journal and the reactionary path to critical race theory, the latest bit of Trumpist ignorance now projected into personnel policies and the larger revisionist history project that would deny the historical relevance of slavery...
Shedding Facebook becomes more necessary as awareness of disinformation and propaganda effects forces editorial action by Facebook. The problem is that ad revenue can and has come from malign forces beyond the usual influence operations of capitalism. This comes as its Oversight Board asks more questions about Facebook’s role in...
There is a capitalist propaganda battle at work, with the Wall Street Journal claiming that “ Biden has sent a signal around the world that nobody’s intellectual property is safe in America.”. The National Review now claims that “Profit Margins Save Lives”. “The administration believes strongly in intellectual property protections, but in service...
If the Ministerium für Staatsicherheit (Ministry for State Security) had had a crystal ball 40 years ago they would have promoted capitalism, the sheer amount of information people are willing to give away for free would have made their job so easy. Now in a functioning democracy that would be...
Peak cynicism has arrived. Tucker Carlson pimps a version of the nanny-state with more police confrontations because he thinks cops should stop children from wearing masks by enforcing child abuse laws. Apparently making a child wear a mask is like punching them in the face or the equivalent of exhibitionism....
Whether it’s soccer teams or sandwich shops, financialization was there before the pandemic, only making some of its supply-chain hijacking yet another example of an impending capitalist disaster. Re-regulation must remain important as crises loom in the post-pandemic recovery. A 2017 interview with UMass’s Gerald Epstein points to the need to...
A new book suggests now the necessity of reexamining the historical materialist project of Walter Benjamin recognizing those moments of historical contact as acts of recognizing the constructed historical object. “Historicism tends to be hermeneutic because it values cautious, rigorous, and contextualized interpretation of information; or relativist, because it rejects notions of universal, fundamental...
“As in the Times Op-Ed from which the book originated, the title refers to the results of studies conducted in Germany from the mid-nineteen-eighties onward, which reported, among other intriguing findings, that eighty per cent of East German women always experienced orgasm during sex, compared to sixty-three per cent of...
Like Martin Luther objecting to Pope Leo X selling indulgences to raise money for a variety of excesses, the environmental costs of carbon markets far exceed the benefits. Austerity would have denied us Renaissance art which is less at risk in an age of non-fungible tokens. Today the consequences for the planet...
The stuck ship does tell us something about the fragility of global trade and the flow of capital. Fungible Space Logistics, that concept popularized by United Parcel Service is also about the spatial problems of concrete versus abstract global networks. x Everyone is talking about the big ship getting stuck...
Apparently John (no relation) Kennedy (R-LA) may endorse those sober drivers who run over demonstrators in Oklahoma, because a guy who “went to Oxford” should know something about logical fallacies. x Hours after America's second mass shooting in a week, Sen. John Kennedy downplays the gun problem by noting that...
Twitter is dragging Jonathan Turley because of attributing a Rousseau quote to the Reign of Terror, but more likely because they mistook him for Jeffrey Toobin. That’s the nature of conservative culture war, making class warfare a struggle more transcendent and less applicable in times of right-wing insurrection. x Since philosopher Jean...
The Atlanta spree killings are unfortunately a story with structural similarity to events elsewhere. How do we know that Robert Long wasn’t on his way to Mar-a-Lago when the cops performed a PIT maneuver on him after he killed eight people. Darn hypotheticals of the culture wars. Mar-a-Lago as spa resort...
Consistency really isn’t their thing, is it? In the last election cycle, Tom Norton, a once and future candidate for Congress, challenged “RINO” Peter Meijer in the GOP primary for Michigan’s 3rd Congressional District. He lost. By a lot. Meijer captured 50.2% of the vote while Norton came in a distant...
The sparse number of actual carbon capture and sequestration projects plus weak carbon markets amplify the problems of the climate crisis yet to be revisited, post-Trump. Two heartland examples in North Dakota and Texas show how there are several interlocking problems addressing the climate crisis that must be included in future environmental policy. More specifically...
Darn those class commitments, aligning us to our political choices in a democracy, made worse by all those folks who knew they were in that Gilded Age. “If the future of the Democratic Party is in the rich suburbs, the future of American politics is another long Gilded Age.” Matt...
I’ve always admired Naomi Klein since reading her terrific and insightful book “The Shock Doctrine: The Rise of Disaster Capitalism.” She has a NYT editorial column up yesterday, expounding on her prior theme in relation to Texas’s recent disaster, titled “Why The Republicans Fear The Green New Deal,” in which she...
Looks like unfettered capitalism is working exactly as it’s supposed to in Texas. Texas billionaire Jerry Jones is, of course, best known for somehow making me hate the Dallas Cowboys even more than I used to (in case you’re not a football fan, he owns the team), but in the...
Texas is the coalmine canary of failures in the GQP’s industrial policy. The “clusterfuzzle” appears to be only in Texas: perhaps they skimmed on costs and failed in winterizing their plants. The structural failure comes from the anti-federal, deregulatory policy of the Texas grid which reveals itself in the disinformation...
In particular Bill Gates pontifications under his label of the “Good Billionaire”. Yes he does keep to the science in a way, but please stop with the hypocrisy. If there is a credibility gap in listening to Gates on this subject, it comes from the suspicion that he lives in...
Let real wages (of $15+/hour) grow faster than labor productivity for some years, undoing the wage repression of the last decades. We have been misled by neoliberal economics for now many decades, it’s time to turn many things around in what is becoming a second-rated US economy, recently crippled by the...
This is something I have been considering for a long time [10 years or so] and the events of January 6th 2021 are slowly coalescing my thoughts on the subject. Or maybe I’m just slow. An article in the FT written in 2008 The new Russo-Chinese model is authoritarian and...
No one wants to hear about GameStop(gate) even if it’s not really a scandal or a flaw in capitalism. Slavoj “we must end capitalism but won't” Žižek on GameStop is like imposing a libidinal economy on Sudetenland when you take it over. Was the appeasement good for you too? There’s a market...
The best explanation of short selling (as it applies to GameStop) that I've read pic.twitter.com/o9ZL5HqsKf — John M. Cunningham (@jmcunning) January 28, 2021 1/2Short selling means borrowing shares and immediately selling them. When the price goes down, they buy them back for cents and return them to the lender. This...
Kitchen Table Kibitzing is a community series for those who wish to share a virtual kitchen table with other readers of Daily Kos who aren’t throwing pies at one another. Drop by to talk about music, your weather, your garden, or what you cooked for supper…. Newcomers may notice...
This really is not taking a position, but just recognition of what is going to happen tomorrow (maybe) and how this is going to impact market investments going forward. I am sure many of you have heard about the GameStop phenomenon, but it is not being that well explained in...
Not really a heist film, but a brief amusement worth another cinematic treatment of financial markets like Trading Places. If not, here’s a quick recap: a bunch of traders — many amateurs — got together on the online discussion forum Reddit and decided they were going to pump up GameStop’s...
This post in the Anticapitalist Chat supports a group reading of Karl Marx’s Capital Vol 1. #GoodMorningMarx #WeeklyMarx Reproduction and accumulation Capital is “self-valorising value”. But for capital to continue to generate new value and create surplus-value, this surplus-value must itself by reinvested back into production – that is, surplus-value must be...
On the sixth of January Congressional Republicans will make a farce of American democracy live and direct before the whole world. I know many Americans don’t care, some even doubt it exists and anyway it’s furrin parts. As an expat all I want to do is hide and cry, no...
The neoliberals’ “free market” is not going to sequester enough carbon to save the environment. Even Warren Buffett isn’t willing to take a bet on surviving an impending climate crisis catastrophe, because “the rents are too high”. Existential threats have a critical reality, about which ruthless criticism is entailed. Even...
This post in the Anticapitalist Chat supports a group reading of Karl Marx’s Capital Vol 1. #GoodMorningMarx #WeeklyMarx Summary: Chapter 16 of volume 1 of Capital is called “Absolute and Relative Surplus Value” and discusses the nature of labour, surplus value and surplus labour time. This chapter begins Part 5 of Capital (which...
This post in the Anticapitalist Chat supports a group reading of Karl Marx’s Capital Vol 1. #GoodMorningMarx #WeeklyMarx. Outline of Marx’s Analysis Chapter 16 The Historical Relation Between Absolute and Relative Surplus Value – in capitalism, social labor produces surplus-value – early on: formal subsumption of labor produces absolute surplus-value by extending the working...
This post in the Anticapitalist Chat supports a group reading of Karl Marx’s Capital Vol 1. #GoodMorningMarx #WeeklyMarx. Not quite this type of commodity, but more like a pork barrel. x “Ah, pork bellies, I knew it.” ~Louis Winthorpe @dan_aykroyd https://t.co/yeVcYIYtqF— Stephen Bates (@batess) December 3, 2020 M. Proudhon has the misfortune of...
This is a view from abroad as I have been an expat since the middle of the second term of W.J. Clinton. I am not a Democrat, I am middle of the road European Left and Bernie still makes sense to me. The Republicans have been sprinting to the right...