Tag Archives: Capital accumulation

Capitalist economy is failing

Ongoing national strikes and demonstrations by fast food workers demanding a $15 an hour living wage show that workers’ reality is not the media-touted economic “recovery” enjoyed by the super-wealthy finance capitalists. In real life the 2008 depression drags on. In a punitive move, Congressional Republicans wouldn’t even allow a vote for long-term unemployment benefits to continue, in spite of the record 1.7 million, or 37% of the officially unemployed, who have been out of work for six months or longer. Previously, a rate anywhere near this was called an emergency, compelling an automatic extension of benefits. Continue reading

Posted in Marxist-Humanism | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Capitalism’s violence, masses’ revolt show need for total view

The world today is riven between the creativity of masses in revolt and the violent degeneracy of counter-revolution, whose destructiveness even extends to the revived specter of nuclear war two decades after the collapse of the USSR. Such is the degeneracy of the globalized capitalist system, laden with destructive forces and sunk into structural crisis. The deep crisis is seen in the U.S. and abroad, economically, in unemployment and poverty, homelessness and hunger. It is seen politically, in new laws attacking workers and women, and new outbursts of racism. It is seen environmentally, with the advance of climate disruption and fake capitalistic solutions. It is seen in thought, as the lack of philosophy, of a total view, hampers the development of struggles from the U.S. to the revolutions of the Arab Spring facing counter-revolutions. Continue reading

Posted in Marxist-Humanism | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Review: David Harvey on capitalism’s crisis

From the Jan.-Feb. 2011 issue of News & Letters: Review: David Harvey on capitalism’s crisis The Enigma of Capital and the Crises of Capital by David Harvey (Oxford University Press, 2010). The British geographer and social critic David Harvey, author of … Continue reading

Posted in Marxist-Humanism | Tagged , , , , , , , , , | 2 Comments