If the workers of the world want to win, all they have to do is recognize their own solidarity. They have nothing to do but fold their arms and the world will stop. The workers are more powerful with their hands in their pockets than all the property of the capitalists. --Joe Ettor (IWW labor organizer)
If the workers of the world want to win, all they have to do is recognize their own solidarity. The
Sunday, July 4, 2021
Wednesday, January 6, 2021
The Bezos Earth Fund and the charity of the oligarchs ~~ Shuvu Batta, Tom Carter
https://www.wsws.org/en/articles/2020/12/30/bezo-d30.html
Amidst an unprecedented transfer of wealth from the working class to the billionaires this year, sections of the bourgeoisie have decided to “donate” a small fraction of these ill-gotten gains to philanthropic causes.
Friday, January 1, 2021
Escalating Plunder ~~ Robert Brenner
https://newleftreview.org/issues/ii123/articles/robert-brenner-escalating-plunder
~~ posted for dmorista ~~
On 23 march 2020, the Federal Reserve made the historic announcement that, in response to the coronavirus economic crisis, it would provide loans to non-financial corporations in industry and services for the first time since the early 1930s.footnote1 A few days previously, former Fed Chairs Ben Bernanke and Janet Yellen had given their imprimatur to this precedent-shattering step.footnote2 Just how huge a cornucopia for big business the authorities had in mind would soon become clear. The Federal Reserve had, for the better part of a century, confined its lending to the us government, purchasing Treasuries and bonds issued by the Government Sponsored Entities (gses)—Fannie Mae, Freddie Mac, Ginnie Mae. The Central Bank had traditionally resisted extending its loan purchases beyond these instruments, not least because buying the debt of specific companies would leave it open to charges of favouritism. At the time of the 2007–08 global financial crisis, however—with the justification that the meltdown threatened the financial sector’s very functioning—then Fed Chair Bernanke consigned such niceties to the dustbin of history, showing in the process why those norms had been established in the first place.footnote3
Sunday, December 20, 2020
Wednesday, October 14, 2020
Charity/Philanthropy and How they Obscure the Violence of Capitalism
Following are articles on philanthropy/charity and how they obscure the violence of capitalism:
They Offer Charity Instead of Justice ~~ Paul D'Amato
and
Philanthropy: the Capitalist Art of Deception ~~ Susan Rosenthal