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2024-10-09 09:57:06

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#note1262…fsus

2024-10-09 09:56:55

Whitewashing imperialism: The Western ‘Left’ and Venezuela
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The article critiques U.S.-based intellectuals Gabriel Hetland and Alejandro Velasco for downplaying U.S. sanctions' impact on Venezuela's crisis following the July 28, 2024 elections; it argues that their critiques obscure the imperialist siege against Venezuela and misattribute the electoral loss to Maduro's policies rather than external pressures; it highlights the ongoing violence against Chavista activists, including the assassination of Isabel Gil and Mayauris Silva; the authors assert that grassroots movements continue to support the Maduro government despite internal critiques; they emphasize the need for the international left to recognize the role of U.S. imperialism in Venezuela's struggles and the dangers posed by a fascist-led opposition.
#Venezuela #Imperialism #LeftPolitics #Sanctions #Chavismo #Maduro #UsIntervention #GrassrootsMovements #PoliticalViolence #Elections
https://mronline.org/2024/10/09/whitewashing-imperialism/

2024-10-05 12:54:10

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#note1g55…s30z

2024-10-05 12:53:59

Leonard Peltier’s 80th birthday statement released
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Leonard Peltier, the longest-serving Indigenous political prisoner, released a statement on his 80th birthday, October 3, 2024, while incarcerated at USP Coleman I. A video narrated by Ward Churchill and created by Suzie Baer highlights his reflections. Peltier's lead counsel, Jenipher Jones, emphasized the need to challenge wrongful convictions and government accountability. Peltier expressed his longing for freedom, criticized the U.S. government's treatment of Indigenous people, and called for action against systemic greed and corruption. He noted the denial of his parole and the ongoing fight for justice, urging supporters to continue the struggle for their rights.
#LeonardPeltier #IndigenousRights #WrongfulConviction #HumanRights #Incarceration #UsGovernment #Parole #Activism #Justice #Video
https://mronline.org/2024/10/05/155509/

2024-10-05 10:52:15

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#note1paa…7e8z

2024-10-05 10:52:04

The stagnation of the world economy
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The world economy has slowed since the 2008 financial crisis; conservative economists now use 'secular stagnation' to describe the situation; GDP growth rates from 1961 to 2018 show a decline from 5.4% (1961-1973) to 2.7% (2007-2018); the neo-liberal period has resulted in lower growth compared to the dirigiste period; post-2018 growth rate is only 2.1% per annum; income inequality has increased, with the top 10% earning over half of global income; the majority of the population experiences stagnation in real incomes; state intervention is necessary for growth, but is hindered by global finance; low interest rates in the US did not revive the economy; the current state of neo-liberal capitalism contradicts Keynes' vision of stable capitalism.
#Economy #Stagnation #Gdp #Neoliberalism #IncomeInequality #FinancialCrisis #StateIntervention #Globalization #PoliticalEconomy #PrabhatPatnaik
https://mronline.org/2024/10/05/the-stagnation-of-the-world-economy/

2024-09-28 12:02:44

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#note15dq…qckr

2024-09-28 12:02:33

Plan to use long-range NATO missiles against Russia threatens uncontrolled escalation of global war
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On September 26, 2024, Putin warned that aggression against Russia by non-nuclear states with nuclear state support would be viewed as a joint attack, reserving the right to use nuclear weapons. US Secretary of State Antony Blinken indicated plans to allow Ukraine to use long-range NATO weapons against Russia. British sources confirmed a decision to permit Ukraine to use Storm Shadow missiles on Russian targets. US intelligence warns that Russia may retaliate with greater force against the US and its allies if long-range strikes are permitted. The article discusses the potential for a major escalation of the war, driven by fears of a Russian military breakthrough and the upcoming US elections, which could shift foreign policy priorities. The piece emphasizes the need for public awareness of the risks involved and calls for a unified working-class response against imperialist war efforts.
#Nato #Russia #Ukraine #Missiles #Escalation #War #Putin #Us #Blinken #StormShadow
https://mronline.org/2024/09/28/plan-to-use-long-range-nato-missiles-against-russia-threatens-uncontrolled-escalation-of-global-war/

2024-09-21 12:59:48

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#note1f8v…pwtv

2024-09-21 12:59:36

Ancient settlements show that commoning is ‘natural’ for humans, not selfishness and competition
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Dave Darby argues against the notion that humans are inherently selfish and competitive, citing evidence from ancient settlements that demonstrate collaborative and egalitarian societies. He references the work of Davids Graeber and Wengrow in 'The Dawn of Everything' (2021), which reveals that at least 4000 years passed after the Agricultural Revolution before hierarchical urban developments emerged. Archaeological findings from places like Çatalhöyük (9,500 years ago) show societies without gender or wealth inequality. Darby suggests that the current dominance of selfishness is a result of systemic rewards for such behavior, rather than an inherent human trait. He emphasizes the potential for cooperative societies based on historical precedents.
#Commoning #HumanNature #Collaboration #AncientSocieties #Egalitarianism #Archaeology #Darwinism #Economics #History #SocialTheory
https://mronline.org/2024/09/21/ancient-settlements-show-that-commoning-is-natural-for-humans-not-selfishness-and-competition/

2024-08-24 11:56:07

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#note1xhk…h84f

2024-08-24 11:55:56

Gravediggers of imperialism: International conference to decolonize the world
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The SIRA Conference took place on Aug. 12-13, 2024, in Abuja, Nigeria, focusing on decolonization and self-determination for oppressed peoples; Owei Lakemfa emphasized the UN's slow progress on decolonization since 1960, aiming to decolonize 61 non-self-governing territories in 4 to 6 years; Western Sahara is highlighted as the last colony in Africa, with Ambassador Oubi Bachir stressing the need for self-determination; Cuban Ambassador Miriam Morales Palmero called for solidarity against the U.S. blockade; Edwin Cortes discussed Puerto Rico's colonial status and the need for independence; the conference recognized Fidel Castro's birthday on Aug. 13 as a symbol of revolutionary inspiration.
#Decolonization #Imperialism #Selfdetermination #WesternSahara #PuertoRico #Cuba #Solidarity #Sira #Conference #HumanRights
https://mronline.org/2024/08/24/gravediggers-of-imperialism/

2024-08-11 23:31:39

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#note167f…8ytn

2024-08-11 23:31:28

As stock market crashes, is U.S. facing new financial crisis? Economist Michael Hudson explains
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The stock market crashed on August 5, in a new “Black Monday”. The volatility index, the VIX, is at the highest level since the beginning of the Covid-19 pandemic. The world’s 10 richest billionaires lost $45 billion of wealth in one day. The stock market plunge was concentrated among Big Tech oligarchs. The MAG7 companies (Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla) lost $600 billion in stock value. 93% of stocks in the U.S. are held by just 10% of the population. The U.S. economy is built on investment in the S&P 500 and the Nasdaq. The unwinding of the yen carry trade and the AI bubble are cited as reasons for the crash. Economist Michael Hudson argues that the U.S. economy has been shrinking since 2008 and that the debt-fueled financial sector is impoverishing the real economy. The geopolitical implications of the market crash include the potential for a war in the Near East and the U.S. losing its presence in the region. The U.S. government is unlikely to be able to re-inflate the stock market bubble.
#StockMarket #FinancialCrisis #Volatility #BigTech #Mag7 #Investment #Debt #Geopolitics
https://mronline.org/2024/08/11/as-stock-market-crashes-is-u-s-facing-new-financial-crisis-economist-michael-hudson-explains/

2024-07-19 14:22:07

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#note1lt3…xc5s

2024-07-19 14:21:56

Planning crimes: 2024 NATO Summit’s agenda
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The 2024 NATO Summit revealed that NATO remains a threat to humanity, seeking to expand its terrorist activities globally. NATO's history of unprovoked invasions and destruction, as well as its undermining of alternative political projects, demonstrate its terrorist nature. The Summit discussed expanding NATO's presence in Ukraine, consolidating war economies, expanding in the South and Australasia, and designating more countries as hostile. NATO aims to fight an ideological war to justify its terrorist policies and will rely on think tanks, media outlets, and propaganda. The revolutionary masses must equip themselves militarily and ideologically to resist NATO's aggression and protect national sovereignty.
#Nato #Terrorism #GlobalPeace #Security #Imperialism
https://mronline.org/2024/07/19/planning-crimes-2024-nato-summits-agenda/?utm_source=rss&utm_medium=rss&utm_campaign=planning-crimes-2024-nato-summits-agenda

2024-07-17 11:27:42

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#note1nmf…wzfz

2024-07-17 11:27:31

What’s behind the rise of AI powerhouse Nvidia?
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Nvidia, a chipset manufacturer, has seen a significant rise in valuation, reaching $3.3 trillion in June 2024. The company has positioned itself as a leading supplier of consumer graphics processing units (GPUs) and has benefited from financial bubbles around emergent technologies like cryptocurrencies and artificial intelligence (AI) applications. Nvidia's GPUs have a staggering 88% market share for discrete GPUs. The company expanded into GPUs purpose-built for large-scale AI data centers, with major customers including OpenAI, Meta, Microsoft, Tesla, and Amazon. The AI industry has become a key battleground in the US-China Cold War, and maintaining monopoly power and diversifying production sites of high-end microchips is seen as a national security issue. Nvidia's future is influenced by the realities of the global economic system, and the deployment of technology under capitalism is shaped by capital's interests rather than improving living conditions for the majority of humanity.
#Nvidia #Ai #ChipsetManufacturer #Gpu #Valuation #EmergentTechnologies #Cryptocurrencies #ArtificialIntelligence #DataCenters #Openai #Meta #Microsoft #Tesla #Amazon #UschinaColdWar #MonopolyPower #HighendMicrochips #Capitalism
https://mronline.org/2024/07/17/whats-behind-the-rise-of-ai-powerhouse-nvidia/

2024-07-13 18:34:10

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#note1rtg…epjr

2024-07-13 18:33:59

NATO SUMMIT: Collectively losing their minds
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The article discusses the recent NATO summit and the escalating tensions between NATO and Russia over Ukraine. It highlights the shift in NATO's strategy from economic and information warfare to direct military involvement. The article questions the rationale behind this shift and argues that NATO and the US have lost the economic and information war in Ukraine. It also criticizes NATO's aggressive stance towards Russia and warns of the risks of a potential direct conflict. The article concludes by calling for a negotiated settlement and a neutral Ukraine. The author is Joe Lauria and the article was originally published on Consortium News on July 11, 2024.
#Nato #Russia #Ukraine #Conflict #Aggression
https://mronline.org/2024/07/13/nato-summit-collectively-losing-their-minds/

2024-06-19 03:16:50

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#note14aa…rw28

2024-06-19 03:16:39

What is the realistic strategy for “de-dollarisation”?
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The article discusses the concept of de-dollarization and its implications in international transactions. It highlights the reasons for the growing discussion on de-dollarization, including the use of unilateral economic sanctions by the US and the potential threat to the US hegemony posed by China. The article argues that while de-dollarization is a fundamental strategic goal for progressive forces, a general replacement of the dollar system as the main means of international payment is not feasible in the coming period due to economic reasons. It emphasizes the importance of distinguishing between the creation of alternatives to the dollar system for countries facing US sanctions and the concept of general de-dollarization. The article concludes that de-dollarization is only decisive in the short run for a small number of countries and cannot be a general international strategy. It also highlights the need to focus on economic policies that promote development and socialization of labor, rather than solely relying on de-dollarization as a strategy.
#Dedollarization #UsDollar #InternationalTransactions #EconomicSanctions #GlobalEconomy #China #ProgressiveForces
https://mronline.org/2024/06/18/what-is-the-realistic-strategy-for-de-dollarisation/

2024-06-15 13:00:05

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#note17vn…kale

2024-06-15 12:59:54

Death of petrodollar is a Biden legacy
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The article discusses the expiration of the petrodollar agreement between the US and Saudi Arabia and its implications. The agreement, which dated back to 1974, ensured that Saudi Arabia priced its oil exports exclusively in US dollars and invested its surplus oil revenues in US Treasury bonds. The expiration of the agreement could weaken the US dollar and the US financial markets, leading to higher inflation, higher interest rates, and a weaker bond market. The article also mentions the growing influence of emerging economies, the changing energy landscape, and the shift in the global financial order. It highlights coordinated moves by Russia and China to accelerate the 'de-dollarization' process and the potential end of the US dollar's dominance as the world's leading reserve currency. The article suggests that the future of the dollar is at stake and that there are no clear alternatives yet to replace it.
#Petrodollar #UssaudiRelations #GlobalFinance #ReserveCurrency #Dedollarization
https://mronline.org/2024/06/15/death-of-petrodollar-is-a-biden-legacy/

2024-05-14 17:09:50

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#note1cn9…sfeh

2024-05-14 17:09:39

Why China has little reason to trust the U.S.
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Xenophobic tropes against China have increased in the American mainstream media, causing growing alarm. The U.S. has made decisions to agitate Beijing over the issue of Taiwan, with one American general asserting that war between the two nations will begin in 2025. China has every reason to fear and mistrust the U.S. since the Korean War when the U.S. openly advised using atomic weapons against China. China has increased its nuclear warheads and modernized its military in response. The U.S. has encouraged Taiwan's independence, which China sees as a threat to its sovereignty. The current crises in Gaza-Israel and Ukraine have overshadowed the tensions between the U.S. and China over Taiwan. The U.S. and China have a history of conflict and exploitation, including the Opium Wars and the Boxer Rebellion. The U.S. entered World War II deliberately to open China on terms desired by American elites. The U.S. recognized the People's Republic of China in 1979 but continues to supply weapons to Taiwan, creating strategic ambiguity between the U.S. and China. The U.S. has a military presence in Korea and nuclear weapons aboard its submarine fleet, which further escalates tensions with China. The U.S. and China are in a state of strategic competition, and the threat of war and the need for global disarmament are pressing issues.
#China #Us #Taiwan #War #NuclearWeapons #History #Conflict #Exploitation #StrategicCompetition #GlobalDisarmament
https://mronline.org/2024/05/14/152330/

2024-04-20 15:50:14

"Vulture Capitalism: Corporate Crimes, Backdoor Bailouts and the Death of Freedom" – book review
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The book "Vulture Capitalism: Corporate Crimes, Backdoor Bailouts and the Death of Freedom" by Grace Blakeley argues that the free market is not truly free and that capitalism is defined by the domination of society by capital. The book explores case studies such as Boeing's 737 Max disasters and the power of monopoly in capitalism. It also discusses the role of the state in supporting corporations and the need for democratic planning and collective agency to challenge the power of capital. The book suggests that a mass revolutionary movement is necessary to bring about a democratically planned economic system.
#Capitalism #CorporateCrimes #BackdoorBailouts #Freedom #BookReview
https://mronline.org/2024/04/20/vulture-capitalism-corporate-crimes-backdoor-bailouts-and-the-death-of-freedom-book-review/

2024-03-27 09:54:02

The U.S. is witnessing a considerable growth in strike activity
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The annual Labour Action Tracker (LAT) report from the School of Industrial and Labor Relations (ILR) at Cornell University shows a significant growth in strike activity in the United States. The LAT has recorded a more than 77% growth in strikes across the American economy since its launch three years ago. The Bureau of Labor Statistics (BLS) only tracks work stoppages involving 1,000 or more workers, leaving most strike action uncounted. According to the LAT report, there were 470 work stoppages in 2023, with approximately 539,000 American workers going on strike. The LAT also recorded 24,874,522 strike days in 2023, an increase of 459% from the previous year. The report highlights the decline in strikes by non-union workers and the growth in work stoppages involving demands for a first union contract. The United Auto Workers, Kaiser Permanente, the Los Angeles teachers' union, and actors' and writers' unions accounted for a large portion of the strike activity in 2023. The report also notes that the three most common demands across strikes were better pay, improved health and safety, and increased staffing. In comparison, Canada recorded close to a third as many strikes and workers on strike as the U.S., despite having a considerably smaller workforce.
#StrikeActivity #LabourActionTracker #CornellUniversity #BureauOfLaborStatistics #WorkStoppages #UnionWorkers #UnitedAutoWorkers #KaiserPermanente #LosAngelesTeachers'Union #Actors'Unions #Writers'Unions #Canada
https://mronline.org/2024/03/27/the-u-s-is-witnessing-a-considerable-growth-in-strike-activity/

2024-03-25 17:50:00

Meet the AI-Censored? Naked Capitalism
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Naked Capitalism, a popular economics commentary and journalism site, received a threat of complete demonetization from Google due to policy violations related to violent extremism, hateful content, harmful health claims, and anti-vaccination. The site's editor, Yves Smith, discovered a spreadsheet listing the offenses, including a link to a peer-reviewed article on vaccine-induced immunity and an entry critical of vaccine mandates. Google's AI-powered censorship system also flagged a book review that mentioned blowback in relation to Donald Trump's presidency. The review process is conducted without human involvement, and advertisers may not be aware that their ads are being blocked. The motives behind Google's actions are unclear, but it may be related to compliance with laws like Europe's General Data Protection Regulation. The incident raises concerns about the control of content through revenue sources and the lack of transparency in AI algorithms.
#AiCensorship #NakedCapitalism #Google #PolicyViolations #Demonetization
https://mronline.org/2024/03/25/meet-the-ai-censored-naked-capitalism/

2024-03-25 10:17:03

Taurus and the bullfighters: Berlin Bulletin No. 221, March 23, 2024
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The article discusses the debate in the German Bundestag about the Taurus missiles and the war in Ukraine. Volodymir Zelenskiy wants the missiles and aid in the war, but there is disagreement among German politicians. Poland's Tusk supports supplying weapons to Ukraine, while Macron of France is more cautious. Olaf Scholz, the German Chancellor, has stated that he will not send Bundeswehr soldiers into Ukraine. The German economy is in decline, and the government's popularity is decreasing. Germany is facing a strike wave, and there are disputes over environmental issues such as the Tesla gigafactory and the cannabis law. The Free Democrats (FDP) are pushing for more weapons and a strong military. The article also discusses the divisions within the Left parties in Germany, with some calling for negotiations and peace in Ukraine, while others support a more militant stance. The author calls for a consolidation of all those who oppose war and militarization to build a dynamic peace movement.
#Ukraine #GermanPolitics #PeaceMovement #Economy #Strikes #EnvironmentalIssues #LeftParties
https://mronline.org/2024/03/25/taurus-and-the-bullfighters-berlin-bulletin-no-221-march-23-2024/

2024-03-06 11:33:26

How private equity conquered America
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Private equity firms like Blackstone and the Carlyle Group have acquired vast holdings across critical industries in the US, from healthcare to education and utilities. Instead of seeking to make these ventures more profitable, private equity firms are more likely to bleed their assets for short-term gains, even if those assets are universities, hospitals, or nursing homes. Private equity firms have also closed hospitals, cut back on vital medical devices, and contributed to the healthcare system's unpreparedness for the COVID-19 pandemic. These firms operate in secrecy and have significant political clout, using their wealth to influence tax laws and regulations in their favor. The impact of private equity on the economy includes widening the wealth gap, job losses, reduced pensions, and increased costs for taxpayers. The article calls for greater awareness of the negative consequences of private equity and the need for regulation.
#PrivateEquity #UsEconomy #Healthcare #Education #Utilities #WealthGap #JobLosses #Pensions #TaxLaws #Regulation
https://mronline.org/2024/03/06/how-private-equity-conquered-america/

2024-03-02 14:31:06

The nobodies are worth more than the bullet that kills them: The Ninth Newsletter (2024)
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On February 20, United States Ambassador to the United Nations (UN) Linda Thomas-Greenfield vetoed Algeria's resolution for a ceasefire in Gaza. Since October 7, Israel has killed nearly 30,000 Palestinians in Gaza, over 13,000 of them children. Despite this, Thomas-Greenfield vetoed the resolution because it did not condemn Hamas and would allegedly jeopardize ongoing negotiations. The US has used its veto power in the UN Security Council nearly 300 times, with many vetoes in defense of Israel. The UN Charter does not mention the word 'veto,' but Article 27(3) implies the 'right to veto.' Efforts to reform the veto power have been made by groups like the Small Five (S5) and the Accountability, Coherence, and Transparency (ACT) group, but have had little impact. The article emphasizes the international division of humanity, where some lives are valued more than others. The author quotes Eduardo Galeano's 'The Nobodies' to illustrate this division. The US has provided over $300 billion in aid to Israel since its creation in 1948 and recently pledged $14 billion in military aid. The author argues that the division of humanity violates the Universal Declaration of Human Rights and the instinct for social equality.
#UnSecurityCouncil #Israel-palestineConflict #VetoPower #HumanRights
https://mronline.org/2024/03/02/the-nobodies-are-worth-more-than-the-bullet-that-kills-them-the-ninth-newsletter-2024/

2024-02-29 15:38:08

People(s)-Centered Human Rights and the Black Radical Tradition
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This article discusses the framework of People(s)-Centered Human Rights (PCHR) and the Black Radical Tradition. It reflects on the history of struggle that produced the Universal Declaration of Human Rights (UDHR) and the ideological polarization around the concept of human rights. The article argues that the liberal human rights framework, which prioritizes civil and political rights over economic, social, and cultural rights, has been weaponized by neoliberals to justify imperialist interventions. In contrast, the PCHR framework asserts that human rights must be de-colonized and created from the bottom-up through social struggle. The article emphasizes the importance of defeating the white supremacist colonial/capitalist patriarchy and achieving social revolution for the realization of authentic freedom and human dignity. The author, Ajamu Baraka, is the national organizer of the Black Alliance for Peace and a former candidate for vice president on the Green Party ticket.
#HumanRights #BlackRadicalTradition #Pchr #LiberalFramework #Neoliberalism #Imperialism #Decolonization #SocialRevolution
https://mronline.org/2024/02/29/people-centered-human-rights-and-the-black-radical-tradition-2/

2024-02-23 11:48:16

Latest CPI Report : The ‘soft landing’ plane is still circling
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The U.S. economy is experiencing a 'soft landing' with inflation steadily coming down to the Federal Reserve's goal of 2% without provoking a recession. However, the latest Consumer Price Index (CPI) report from the U.S. Labor Department shows that the 'soft landing' plane is stuck circling the airport. The January 2024 CPI report reveals that prices have been stuck at the same level since summer 2023, and there are signs of prices beginning to rise again. The CPI report also shows that core inflation has been stuck at around 3.9%-4% since October 2023, and services inflation has been stuck at around 5% since October 2023. The CPI report suggests that the U.S. economy may be running out of gas as inflation continues to remain high. The article discusses the reasons behind the stagnation in inflation, including the inefficiency of Federal Reserve interest rate hikes and the impact of supply chain disruptions. The author argues that the U.S. economy has changed since the 1980s, and monetary policy may not be as effective in reducing inflation as it was in the past. The article concludes that the U.S. economy may not experience a 'soft landing' and that inflation may remain high.
#Cpi #Inflation #FederalReserve #U.s.Economy
https://mronline.org/2024/02/23/latest-cpi-report/

2024-02-07 14:40:47

How U.S. government statistics are like the Bible
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The U.S. Labor Department released its monthly jobs report for January, showing +353,000 jobs created, but another report shows a drop in total employment of -1,070,000 full-time and part-time jobs. The discrepancies between the two surveys in the monthly jobs report are due to differences in methodologies and assumptions. The Current Establishment Survey (CES) is a compilation of reports provided by around 400,000 large businesses, while the Current Population Survey (CPS) is a true survey conducted by the labor department monthly. The CES shows 3.1 million jobs created in 2023, while the CPS shows only 820,000. The unemployment rate reported is 3.7%, but that is for full-time workers only. The U-6 unemployment rate, which includes part-time workers, temps, gig workers, and independent contractors, is 8%. The government's estimation of net new business development is flawed, as it is based on historical trends and lags behind current job reports. The reported wage increase of 4.5% is an average that includes highly paid occupations, skewing the data. The real take-home pay may be lower due to underestimation of inflation. The Gross Domestic Product (GDP) is overestimated at 2.5% compared to the Gross Domestic Income (GDI) of 1.5%. The media and politicians often cherry-pick statistics to present a positive view of the economy, while the reality experienced by the public may differ. There are various issues and biases in U.S. government statistics on jobs, unemployment, wages, and economic growth that are often overlooked or ignored.
#U.s.Government #Statistics #JobsReport #UnemploymentRate #WageIncrease #Gdp #Gdi
https://mronline.org/2024/02/07/how-u-s-government-statistics-are-like-the-bible/