Tag Archives: economics

Corporate consolidation by brand

Corporate consolidation by brand

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This picture is but a drop in the ocean of corporate consolidation. When you read about an increase of M&A (mergers and acquisitions) it is usually an indication that rich people (using the corporations they own) have just stolen a great deal of money from you, legally (because the rich write the laws) and/or illegally. The past decade or so has been one of those times. The consolidation of money/power has surpassed that of the gilded age. Inequality has never been greater in human history. The rich have so much money they literally don’t know what to do with it. When you see stock buy-backs, art and property selling for record amounts, and billions “invested” in silicon valley vaporware, you see this in action. Of course, the rich bought most of the world’s politicians long ago. They always came cheap. The $200,000 a speech is nothing to sneeze at, but only the high profile politicians get those kind of payoffs. The rest can usually be purchased with petty cash.

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Mark Blyth & Michael Roberts

When Blyth says, “it’s a matter of political will” that is not something to be elided. When you hear that phrase it usually indicates corruption. In this case, the entire system they are discussing is corrupt. Something to think about when you choose to find your hope in electoral politics.  I’m not saying don’t be involved in electoral politics, but when capital can buy politicians and elections, a more radical approach is the only thing that can break that kind of power. What is it? Well, it starts with people coming together locally, then nationally, then internationally in a way that builds power. That power and organization will eventually have to be equal to or greater than the power of capital. If people just come together for protests and to vote, there is no hope to be had.


DiEM25 Is Taking Shape

I have my own criticisms and reservations, but I support what I see at this point, simply because they have a unifying pan Europe(an) vision, which is a bigger vision than any other movement or group with any momentum has at this point. And, it’s something, as opposed to nothing, which is saying a lot at this moment in history, but whatever happens in whatever country – or collection of countries – we need a worldwide movement to fight the forces of capital.

This is part of my criticism. The elite will never act in good faith and the powerful will never give up power because someone has a winning argument. This may be too little too late, but the hope is that things change along the way – and we have to start somewhere. There is no reason this movement or something like it can’t spread around the world.

A worldwide movement is the only thing that can win the struggle against capitalists. I don’t believe an alternative model can be implemented which will organically replace capitalism. Capitalists have fought a vicious battle against most of us our entire lives. And they won. But it’s not enough. They’re still fighting, still amassing more and more wealth in fewer and fewer hands, at our expense and on the backs of poor people throughout the globe. They are terrorizing the world and creating more suffering every day. They are bent on total ecological destruction and total war. It’s organized worldwide corruption on a scale that has never existed in history. It’s driven by the logic of capitalism, which is ceaseless accumulation and the commodification of all things. That can’t be confronted with reform – which takes us back to the beginning of my criticisms and reservations, but, at this point, I’m willing to back DiEM25 as a starting point – but it is only for the lack of more effective radical options. So, I suggest Europeans join DiEM25 and that they do so – and it sounds even more utopian than a Europe-wide movement – with an eye toward a worldwide movement, as I believe that is ultimately our only hope for long-term survival as a species.


Fuck work: The case against full employment, and for guaranteed income. [from @thisishellradio podcast]

This is a must listen interview from a must listen podcast:

James Livingston Interview

“Historian James Livingston examines the deep problem with employment in the 21st century – the broken relationship between work and income, and explains why we must look beyond capitalism’s intellectual decrepitude, and to the rising rate of transfer payments, if we are to reclaim our labor, our happiness and our time from the demands of capitalism.

“The end of work is in sight. The connection between work performed and character created, or work preformed and income received is absolutely unintelligible – so let’s get on with a society in which there doesn’t have to be a relationship between work and income. Let’s get on with what we used to call ‘Socialism.'”

James is the author of the new book, No More Work: Why Full Employment Is a Bad Idea from UNC Press and the Aeon essay Fuck Work.”


Chomsky & Varoufakis discuss “…the neoliberal assault on the world’s population…” [Video]


“Well, we can talk about the neoliberal assault on the world’s population in the last generation.”


Europe is Kaput. Long live Europe! – Slavoj Žižek, Yanis Varoufakis and Julian Assange – full event


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