Trotsky: The Formalist School of Poetry and Marxism

LEAVING out of account the weak echoes of pre-Revolutionary ideologic systems, the only theory which has opposed Marxism in Soviet Russia these years is the Formalist theory of Art. The paradox consists in the fact that Russian Formalism connected itself closely with Russian Futurism, and that while the latter was capitulating politically before Communism, Formalism opposed Marxism with all its might theoretically.

Literature and Revolution: The Formalist School of Poetry and Marxism

US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs

The US Federal Reserve printed $300 billion in a week to save collapsing banks and bail out Silicon Valley oligarchs. 93% of Silicon Valley Bank’s deposits were uninsured, over the FDIC limit of $250,000, but the government still paid them. 56% of SVB’s loans went to venture capitalist and private equity firms.

US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs