“Money is the jealous god of Israel…”

Money is the jealous god of Israel, in face of which no other god may exist. Money degrades all the gods of man – and turns them into commodities. Money is the universal self-established value of all things. It has, therefore, robbed the whole world – both the world of men and nature – of its specific value. Money is the estranged essence of man’s work and man’s existence, and this alien essence dominates him, and he worships it.


On The Jewish Question

STUDYING DAS KAPITAL: Part 1 (of 8)

I can’t argue with William Roberts. Reading Capital, Volume 1, feels like Hell. Marx, in the French preface, likens the reading to the climbing of a mountain. I’m taking baby steps, though.

There is no royal road to science, and only those who do not dread the fatiguing climb of its steep paths have a chance of gaining its luminous summits.

Preface to French Edition

STUDYING DAS KAPITAL: Part 1 (of 8)

William Roberts argued persuasively in his book “Marx’s Inferno” that Karl Marx structured Das Kapital Volume 1 to parallel Dante’s Inferno. Look over the diagram below which is taken from Robert’s book.

A Socialist, Feminist, and Transgender Analysis of “Sex Work” (2020)

The question of women’s liberation is central to any revolutionary project, and thus so is the question of “sex work.” Esperanza Fonseca’s contribution, although coming from a Maoist political orientation with which we often have differences, [1] makes the stakes of this debate crystal clear, as she combines personal experience, public policy research, and historical materialism to argue that Marxists cannot uphold what she calls “sex-trade-expansionary feminism.”

Content Warning: Descriptions of rape.

The right of the subordinated classes of men to buy access to women’s bodies has been used historically to break class solidarity in order to maintain the dominant social relations of the time. This was true in feudal Europe and remains true today: when proletarian and petit bourgeois men get to buy women too, they develop a false consciousness and build solidarity with bourgeois men of their own gender rather than aligning with women of their own class. And because the overthrow of capitalism is only possible by the overthrowing of the bourgeoisie, prostitution serves two great purposes: (1) allows bourgeois men access to a reserve army of women for their pleasure, and (2) prevent class consciousness and thus helps stop the proletariat from organizing as a class.

A Socialist, Feminist, and Transgender Analysis of “Sex Work” (2020)

NATO, the Left, and the Path to Peace

Posted on the United National Antiwar Coalition July 13, 2022 by Alan Freeman, published on The Valdai Discussion Club, July 4, 2022

If anyone tries to justify a monstrous and unnecessary human sacrifice on the grounds that it’s for the best, then they are measuring ‘good’ in dollars instead of bodies, and they’re not part of the left, because the left stands for humans, not property, Valdai Club expert Alan Freeman writes.

NATO, the Left, and the Path to Peace

The New National American Elite

The New National American Elite

More and more Americans are figuring out that “wokeness” functions in the new, centralized American elite as a device to exclude working-class Americans of all races, along with backward remnants of the old regional elites. In effect, the new national oligarchy changes the codes and the passwords every six months or so, and notifies its members through the universities and the prestige media and Twitter. America’s working-class majority of all races pays far less attention than the elite to the media, and is highly unlikely to have a kid at Harvard or Yale to clue them in. And non-college-educated Americans spend very little time on Facebook and Twitter, the latter of which they are unlikely to be able to identify—which, among other things, proves the idiocy of the “Russiagate” theory that Vladimir Putin brainwashed white working-class Americans into voting for Trump by memes in social media which they are the least likely American voters to see.

Constantly replacing old terms with new terms known only to the oligarchs is a brilliant strategy of social exclusion. The rationale is supposed to be that this shows greater respect for particular groups. But there was no grassroots working-class movement among Black Americans demanding the use of “enslaved persons” instead of “slaves” and the overwhelming majority of Americans of Latin American descent—a wildly homogenizing category created by the U.S. Census Bureau—reject the weird term “Latinx.” Woke speech is simply a ruling-class dialect, which must be updated frequently to keep the lower orders from breaking the code and successfully imitating their betters.

Related:

YouTubeTwin Problems: Social Media and Power Concentration by Economist Ashley Hodgson

Inflation and financial risk

Is inflation coming back in the major capitalist economies? As the US economy (in particular) and other major economies begin to rebound from the COVID slump of 2020, the talk among mainstream economists is whether inflation in the prices for goods and services in those economies is going to accelerate to the point where central banks have to tighten monetary policy (ie stop injecting credit into the banking system and raise interest rates). And if that were to happen, would it cause a collapse in the stock and bond markets and bankruptcies for many weaker companies as the cost of servicing corporate debt rises?

Inflation and financial risk