Radical media, politics and culture.


Attention & Zones of Human Resistance: Interview with Franco ‘Bifo’ Berardi @ Autonomedia March 30th, 2009 With Malav Kanuga, Stevphen Shukaitis, and Jim Fleming

From Marx to Goldman Sachs: The Fictions of Fictitious Capital Michael Hudson

[As published in Critique, based on a presentation given at the China Academy of Sciences, School of Marxist Studies in Beijing in November 2009, and at the Left Forum in New York City, March 20, 2010.]

The “New Normal”: More than One in Five Americans at Risk of DestitutionBarry Grey

More than one in five Americans in 2009 suffered a household income loss of 25 percent or more over the previous year, according to a new report sponsored by the Rockefeller Foundation and entitled “Economic Security at Risk.” The report documents a steady increase in economic insecurity since the 1960s, and concludes that annual income losses of 25 percent or greater increased by 49.9 percent between 1985 and 2009.

Great Decoupling of Corporate Profits from JobsRobert Reich

Second-quarter earnings reports are coming in, and they're making Wall Street smile. Corporate profits are up. And big American companies are sitting on a gigantic pile of money. The 500 largest non-financial firms held almost a trillion dollars in the second quarter, and that money pile is growing larger this quarter. Profits that plummeted in the recession have bounced back. Big businesses have recovered almost 90 percent of what they lost.

I am not suggesting that Morgenson and Rosner pull their punches. To
the contrary, the authors deliver enough knockouts to be contenders with
Taibbi as world champions in exposing the reckless fraud that the US
financial sector and its regulators now epitomize.

The financial crisis, which is very much still with us, did not result
from accident or miscalculation; neither did it result because of a flaw
in Alan Greenspan's theory, as he told Congress when a feeble effort was
made to hold him accountable. It was the intentional result of people

The Libertarian Left:
Free-Market Anti-Capitalism, The Unknown Ideal
Sheldon Richman

Ron Paul’s 2008 presidential campaign introduced many people to the word
“libertarian.” Since Paul is a Republican and Republicans, like
libertarians, use the rhetoric of free markets and private enterprise,
people naturally assume that libertarians are some kind of quirky
offshoot of the American right wing. To be sure, some libertarian
positions fit uneasily with mainstream conservatism—complete drug
decriminalization, legal same-sex marriage, and the critique of the
national-security state alienate many on the right from libertarianism.

Bank of America Is in Deep Trouble, and There May Be Financial Disaster on the HorizonJoshua Holland, AlterNet

Will Bank of America be the first Wall Street giant to once again point a gun to its own head, telling us it'll crash and burn and take down the financial system if we don’t pony up for another massive bailout?

"David Harvey on the Enigma of Capital"Lenin's Tomb

What are the limits to capital, and how does it overcome those limits? This is a pressing issue given the global crisis. We need, at the very least, to understand the the prospects for getting any half-way decent settlement out of it for the working class.


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