PoliticalEconomy

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Anti-Capitalist Meet-Up: financialization and sandwich shop capitalism

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...

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  • April 25, 2021
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Krugman: stagflation as ambitious macroeconomic policies and conservative ideas was wrong?

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...

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  • February 9, 2021
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AntiCapitalist MeetUp: Pascal went to the races, then gets mugged because he kept his carbon credits

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...

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  • December 27, 2020
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AntiCapitalist MeetUp: Après moi, le déluge. Schumpeter's gale, herd immunity as 'dangerous fallacy'

Larry Kudlow continues the underlying theme of Trumpian nihilism and its trickle-down contagion of pixie dust and pseudoscience. Trump continues to see his numbers decline as his campaign put him on a superspreader rally schedule, attempting to repeat his 2016 victory of 155,000 votes in swing states while trailing 3 million...

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  • October 25, 2020
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a chickenized economy, gigging work everywhere

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Industry concentration and monopolization have become boring and technical so the exploitation of labor now gets a meme-term from Zephyr Teachout that sounds more like a QAnon conspiracy: chickenization.  COVID-19 does have something to do with it considering the acceleration of the pandemic in meat production centers. It involves something more akin...

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  • October 7, 2020
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#WeeklyMarx Sunday Day 56 “One of the many Marx toys, have you all of them?”

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This diary is for discussing chapters 9 and 10 of Capital Volume I by Marx. In it the explication of how surplus value as a concept is viable with certain reasonable, historical assumptions. apologies in advance for diverging from an established format. Capital is dead labour which, vampire-like, lives only...

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  • October 4, 2020
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Anticapitalist MeetUp 13 September – an Introduction to Anticapitalism

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Periodically, ACM readers might want an introduction to anticapitalism. This emerges because of the disinformation propagated by kakistocratic clowns like Trump, who enables neoliberal capitalism while pursuing kleptocracy and monopolizing violence. This is important as yesterday Trump signed an executive order that had no effect on big pharma, and endorsed extrajudicial killing...

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  • September 13, 2020
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Capitalist power: bigger federal debt than entire US gross domestic product – first time since 1946

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Trump’s constant pimping of the stock market numbers is not the same as a sign that the economy has returned to the level of “winning” even before Trump took office. Like voting twice, Trump’s not being a good minimal-state libertarian where all debt resolves itself in a ‘free market’. Instead,...

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  • September 4, 2020
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Anti-Capitalist Meetup: is there a “fully unexploited luxury socialism”

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This week I attended (remotely) the Rethinking Economics Festival and encountered challenging pluralist discourses like a platform economy (noting that most of such work is populated by women), decolonizing the Eurocentric position in disciplines, or “fully-automated luxury communism”. I thought I’d share some resource items and make a few observations....

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  • July 26, 2020
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AntiCapitalist Meet-up Hodge-podge

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Below is a collection of things that I’ve been saving up — including the problems of CV-19, MMT, neoliberalism, and other things relating pandemics to the economy. If there’s a point to this selection it is to remind ourselves what will happen in 2021 with Larry Summers now advising the Biden...

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  • April 26, 2020
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AntiCapitalist MeetUp: can Trumpian FUBAR foster radical socioeconomic changes

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FUBAR’s definition is – thoroughly confused, disordered, damaged or ruined x America First is the Trump campaign slogan pic.twitter.com/KwGTOnWoDm — Adam Parkhomenko (@AdamParkhomenko) March 29, 2020 x All these right-wingers kept saying that socialism would kill us and now their cult leader is literally telling people to go out during a...

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  • March 29, 2020
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AntiCapitalist MeetUp: “Rail, mail, water, and energy into public ownership”-The UK Labour Manifesto

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The BBC identified 12 key issues for the Labour party’s manifesto in preparation for the December General Election. Not wishing to take anything away from NY Brit Expat’s cogent analyses, I wanted to reflect on one item, the potential for re-nationalizing of key sectors in the US 2020 election context,...

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  • November 24, 2019
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Anti-Capitalist Meet-Up: post-Trump environmentalism must move beyond a Green New Deal

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< p class=”is-empty-p”> x YouTube Video In less than 400 days the US could be relieved of perhaps the stupidest self-proclaimed “environmentalist” in US history. We will need to refocus the post-Trump environmental economy to sustainable goals that reposition the discourse about economic growth, particularly energy production, distribution, and consumption. The Green...

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  • October 12, 2019
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