Tag: financialization

Declaration Berlin

Tina Marie (Ms. Cat)

Declaration Berlin (translated)

Posted by @nsanzo

“European leaders are scheduled to meet with Ukrainian President Volodymyr Zelensky and NATO chief Mark Rutte on Wednesday afternoon in Brussels to discuss peace plans and the possible deployment of peacekeeping forces in Ukraine,” Politico announced on Friday, confirming what was already known: NATO is leading the effort to coordinate what may happen in the coming months in the war in Ukraine, which on the ground will depend on European countries. “In addition to Rutte and Zelensky, invited participants include: German Chancellor Olaf Scholz, French President Emmanuel Macron, Polish President Andrzej Duda, European Council President António Costa, and European Commission President Ursula von der Leyen,” the outlet added, to show who the main actors are in preparing for the possibility of a significant reduction in the United States’ role in the day-to-day running of the war.

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Biden was elected to start a war with Russia

Tina Marie (Ms. Cat)

The ongoing US war against Russia has elevated American-allied Nazis to the international stage as ‘freedom fighters,’ resulted in the deaths of tens of thousands of Ukrainian civilians, raised the risk of nuclear war, ended any effective international cooperation on environmental issues through rekindling energy geopolitics, assured Europe of one or more Great Depression type winters with limited heating fuel, and more probably than not will soon produce the total annihilation of Ukraine as a modern state by the Russians.

The Americans Started the US War with Russia

Everyone pays the cost as the rich keep spending

Tina Marie (Ms. Cat)

Everyone pays the cost as the rich keep spending

Meanwhile, the Biden White House is doing what it can to buffer inflationary pain for working people. It has been releasing strategic petroleum reserves in a partly successful effort to lower prices at the pump, extending pandemic-era caps on some student loan payments and pushing for antitrust action in areas where corporate concentration (which has grown hand in hand with financialisation) may be responsible for some inflationary pressure.

But more changes are needed. The success of corporate lobbyists in overturning efforts to roll back carried interest loopholes are shameful. Student debt forgiveness — no matter how generous it is — will not change the fact that the cost of four years of private university in the US (an elastic cost that can be bid up indefinitely by the global rich) is nearly double the median family income. Housing markets continue to cry out for major reform.

I suspect it will take a younger generation to push through these sorts of systemic changes. They simply don’t have as much asset wealth to protect.

China’s Fortune Cookie Crumbles : Michael Hudson and Renegade Inc.

Tina Marie (Ms. Cat)

YouTube: China’s Fortune Cookie Crumbles : Michael Hudson and Renegade Inc.

Transcript & Final Notes

America doesn’t build infrastructure these days unless it’s monopolised. This is the political fight going on in the United States now. President Biden has a infrastructure plan that he’s scaled down from six and a half trillion to three and a half trillion. And essentially the bulk of the Democratic and Republican Party said if we can’t privatise infrastructure and make it a rent-extracting monopoly, we’re not going to do it, and we’re going to block the government from doing it. So in the United States, they’re going to have high priced infrastructure, high-priced health care and high-priced education while China is going to have low-priced transportation, low-cost infrastructure, free education, public health care. And you’re going to have a very high-cost United States unable to compete with the rest of the world. All it can do is make military threats or financial threats. If it tries to impose sanctions as it’s imposed on Russia, China and other countries, these are going to serve as protective tariffs for foreign countries.

China, the U.S., and the Idea of National Competition

Tina Marie (Ms. Cat)

China, the U.S., and the Idea of National Competition

What appears to be meant in the U.S. by ‘competing with China’ can be inferred by the rising Pentagon budget, by the failure to raise the minimum wage, by hiring private corporations to get around restrictions on domestic spying, and by appointing a high-level administrator to shut-down inconvenient political opinions on the internet. The political parties are now balkanized to the point where their adherents trust members of their own party, but not the other. What this likely means is an iterative process between ‘wealth of nations’ style economic nationalism and neoliberal internationalism where the only constant is the consolidation of political control by oligarchs and corporate executives. I believe that Italians in the 1920s and 1930s had a name for this type of governance.