The Economy

New Year, Same Old Crisis

fallencapital latuffAs 2013 came to a close, many economists and politicians drew a collective sigh of relief: the Eurozone remains in one piece; the USA has not defaulted; and a triple-dip recession was avoided in Britain- there is even much talk of a recovery! But for the more far-sighted commentators amongst the bourgeoisie, the New Year – far from offering any light at the end of the tunnel – simply brings with it increasing uncertainty, instability, and crisis.

Musicians vs. Capitalism

streamingIn the early 90s, famed record producer Steve Albini (Nirvana, Pixies, PJ Harvey) wrote “The Problem of Music,” for Maximum Rock ‘n’ Roll magazine. He paints an outlandish, macabre, and visceral image of eager young musicians willing to swim through vats of excrement in order to get a seductive label contract—one that will inevitably turn them into pawns of capital.

 

Black Friday: A Circus of Scarcity

blackfridayIn the past two centuries, humankind has seen the development of our productive forces to a level previously undreamt of. What was once unimaginable is now commonplace. Never have we been so technologically advanced, never have we had such capability, never has there been such raw potential.

It is therefore a damning indictment of the capitalist order that our society languishes in hopeless disorder, driven to absurd contradictions by blind market forces, with no control over the great forces we have unleashed. Where there should be feasts there are famines. Where splendor is possible misery persists. Barbarism reigns on a mountain of human potential.

Musicians vs. Capitalism (Part 1)

streamingIn the early 90s, famed record producer Steve Albini (Nirvana, Pixies, PJ Harvey) wrote “The Problem of Music,” for Maximum Rock ‘n’ Roll magazine. He paints an outlandish, macabre, and visceral image of eager young musicians willing to swim through vats of excrement in order to get a seductive label contract—one that will inevitably turn them into pawns of capital.

 

Taxes—and the Crisis of Capitalism

maketherichpayWe see record profits for big business, alongside continued “tightening of the belt” for the working class, as well as the biggest federal budget crisis to date. Europe is on the precipice of financial meltdown, and two of the world’s biggest economies, China and Germany, seem to be stagnating. India, Brazil, and Russia are also experiencing slowdowns. There are rough seas ahead and we may well be heading toward a period similar to that of 1937–38—“part two” of the Great Depression. All this while corporate America sits on trillions of dollars in cash. To many, the answer seems simple: tax the rich! But this is an extremely limited slogan.