U.S. Spends 11 Times What China Does on Military Per Capita, by David Swanson

Image by takomabibelot via Flickr

NATO and various columnists employed by major U.S. newspapers and “think” tanks believe that military spending levels should be measured in comparison to nations’ financial economies. If you have more money, you should spend more money on wars and war preparations. I’m not sure if this is based on opinion polls in Afghanistan and Libya expressing gratitude for war as a public service or some other source of data less imaginary.

U.S. Spends 11 Times What China Does on Military Per Capita, by David Swanson

These Are the Very Real Dangers to the U.S. Economy of Not Issuing $2,000 Stimulus Checks

These Are the Very Real Dangers to the U.S. Economy of Not Issuing $2,000 Stimulus Checks

Until the American people understand why the Fed was bailing out Wall Street to the tune of $6 trillion in cumulative loans before the first case of COVID-19 was identified in the U.S., we are simply spectators of the barbarians at the gate rather than citizens in a representative democracy.

Social Democrats are Fooling Themselves: We Can’t Vote our way out of Neoliberalism

Social Democrats are Fooling Themselves: We Can’t Vote our way out of Neoliberalism

The social democrats may argue that the people’s interests have been represented under capitalism in the past through the New Deal, but this argument is based in multiple layers of deception. Firstly, the interests of the proletariat and the poor will never truly be represented under a capitalist state; the New Deal (which didn’t even advance the wellbeing of those outside of the favored white settler population) was easily undone the moment the capitalist class decided that neoliberalism was necessary. Scandinavia’s descent into neoliberal austerity in recent decades is another example of how under capitalism the capitalists, not the people, have the final say. Secondly, social democracy within an imperialist country still means a perpetuation of imperialist violence and exploitation against colonialism’s victims; even the Scandanavia model, which is idealized by social democrats, has been built upon the profiting off of Western imperialism. And thirdly, capitalism’s crises have made it so that it’s no longer viable to establish social democracy.

Why America’s economic war on China is failing

U.S. President Donald Trump—supported by most of the U.S. establishment—deepened the U.S. government’s assault on the Chinese economy. The “trade war” seemed to play well with Trump’s political base, who somehow hoped that an economic attack on China would miraculously create economic prosperity for them. In 2018, Trump slapped tariffs on more than $200 billion worth of various Chinese goods. Then, Trump’s administration went after Chinese high-tech firms such as Huawei, ZTE, ByteDance (the owners of TikTok), and WeChat.

Why America’s economic war on China is failing

May “China collapse” theories rest in peace

As British scholar Martin Jacques once noted, the biggest desire for the West has been to understand China through the Western prism, which is why the Western perception and prognosis of China is so frequently wrong. Most China bears tend to short China simply because China does not have the Western model of “democracy” or the type of freewheeling economy they are familiar with.
— Read on www.xinhuanet.com/english/2020-01/18/c_138715694.htm

Surviving the decline of the American Empire

Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, author of many books and an outspoken critic of capitalism. He spoke at the 14th Forum of the World Association for Political Economy,…
— Read on paulsgraham.ca/2019/11/19/surviving-the-decline-of-the-american-empire/

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