Jeff Bezos Embodies the Cruel Autocracy of Neoliberal Capitalism

Posted on April 14, 2021 by Reid Mukai

Amazon CEO and richest-man-in-the-world Jeff Bezos wants you to work as much as he does—for one millionth of the pay

By Branko Marcetic

“Is Jeff Bezos a horrible boss and is that good?” That was the question posed by Forbes magazine in 2013, a sentiment that helps explain why Amazon’s founder and CEO is detested by the Left for his oligarchic ambitions, while simultaneously admired by America’s capitalist class for his business success. Ironically, Bezos is also loathed by former President Donald Trump, while celebrated by many liberals for so-called resistance.

But with Bezos and his $115 billion fortune laying claim to the title of richest man on Earth, and with Amazon playing an increasingly influential role in public life, it is worth asking: What does Jeff Bezos stand for?

A gifted child born to a teen mom, Bezos grew up not knowing his biological father, who was once one of the top-rated unicyclists in Albuquerque, N.M. Instead, Bezos was raised by the man his mother soon married: Miguel Bezos, who had fled Cuba and the Communist revolution, which had shuttered the elite private Jesuit school he attended, as well as his family’s lumberyard.

Journalists have speculated whether Bezos’ near-pathological competitiveness is a product of his early abandonment, similar to that of fellow tech overlord Steve Jobs. No doubt equally formative was Bezos’ adoptive father, who told Brad Stone, author of The Everything Store: Jeff Bezos and the Age of Amazon, that their home life was “permeated” by complaints about totalitarian governments of both the Right and the Left.

Bezos envisioned the concept of an “everything store” while working for a Wall Street hedge fund in the 1990s. He opened Amazon in 1994 as an online bookshop, a pragmatic starting point. Bezos gave the company his own $10,000 cash injection, took out interest-free loans, and received $245,000 from his parents and family trust.

Many of Amazon’s controversial labor practices can be traced to these early years as a plucky start-up. Amazon’s small team ran on tireless ambition to live up to the company’s customer-focused promise — key to its eventual market domination. Stone reports that, to meet Bezos’ “get big fast” directive, employees devoted themselves completely, working long, unusual, frenzied hours. One early warehouse worker who biked to work simply forgot about his improperly parked car, eventually discovering it had been ticketed, towed and sold at auction.

Such a relentless pace is one thing for a small group of true believers but is quite another when applied to low-wage workers just making ends meet. By 2011, Amazon’s workplace culture became known through a series of headline-grabbing reports that have come to define its public image: badly paid, ceaselessly surveilled, overworked workers, struggling to maintain a breakneck pace.

Bezos created a culture in which everyone from the lowest peon to the highest-ranking executive is expected to match his own devotion, an approach that resulted in spectacular levels of staff turnover by the early 2000s. A declared enemy of “social cohesion,” Bezos pushed his underlings to reject compromise and instead fiercely debate and criticize colleagues when they disagreed. One former employee described it as “purposeful Darwinism.” Known for withering put-downs — “Are you lazy or just incompetent?” “Did I take my stupid pills today?”—Bezos also isn’t above pulling out his phone or, in some cases, simply leaving the room when an employee fails to impress.

The flipside of Bezos’ intellect is a cold, clinical approach to human relations. Bezos described himself as a “professional dater” during his Wall Street days, trying to improve what he called his “women flow” — a riff on the Wall Street term “deal flow.”

“He was not warm,” one person who knew Bezos during his Wall Street days told the East Bay Express in 2014. “It was like he could be a Martian for all I knew.”

Bezos’ pitiless leadership style bled out beyond the Amazon boardroom as he used the company’s growing market share to bully book publishers into his terms. The company launched the “Gazelle Project”—as in, go after publishers “the way a cheetah would pursue a sickly gazelle” — allowing Amazon to undercut its competition at the cost of little to no profit for smaller publishers.

As Amazon inched closer to Bezos’ original vision, it began lobbying efforts in 2000 and became more transparently political by 2011, spending millions to defeat an internet sales tax and playing hardball with state governments, threatening to shutter Amazon facilities if its wishes went unfulfilled. In 2013, Amazon began lobbying Congress to cut corporate taxes.

The same year, Bezos bought the Washington Post, invested in Business Insider and donated to the publisher of the libertarian magazine Reason. Though Bezos argues his purchase of the Post was motivated by “a love affair [with] the printed word” and a desire to support American democracy, others suspect Bezos’ interest in media is related to bad press following a scathing Lehman Brothers report in 2000, which sent Amazon’s stock price tumbling.

Leading up to the Post purchase, Bezos was increasingly displaying what early Amazon investor Nick Hanauer called his “libertarian politics.” In addition to spending $100,000 in 2010 on a campaign to defeat a proposed Washington state tax on high-income earners, Bezos put hundreds of thousands of dollars toward boosting charter schools and other neoliberal education reforms.

Bezos’ political involvement reached a new apogee in 2019 during the re-election bid of Seattle’s socialist city councilwoman, Kshama Sawant, who called Bezos “our enemy” and tried to pass a head tax to fund housing for those displaced by Amazon’s Seattle footprint. Amazon spent $1.5 million against Sawant and other progressive candidates, a record at the local level, with more than a dozen of the company’s executives contributing to Sawant’s opponent. (Sawant won re-election anyway.)

As for Bezos’ endgame? A Trekkie since childhood, he has long dreamed of funding space exploration, a mission pursued by other superrich moguls (such as Elon Musk) in the face of the climate emergency. Opening the doors of his secretive Blue Origin aerospace company to journalists for the first time in 2016, Bezos told the New York Times he envisioned a future of “millions of people living and working in space,” exploiting the natural resources of surrounding planets and rezoning Earth “as light industrial and residential.”

Ironically, as Bezos pours the wealth he wrung out of exhausted, low-wage Amazon workers into space exploration, Amazon is busy hastening the very planetary collapse Bezos claims he’s trying to prevent — by silencing workers who speak out against Amazon’s assistance to oil and gas companies.

Let’s imagine, however, that Bezos, who accumulates $9 million an hour, lived in a world with Bernie Sanders’ 8% wealth tax (just on fortunes over $10 billion). A single year would see $9 billion flow from Bezos’ treasure trove into government coffers, more than enough to cover the 10-year cost of Elizabeth Warren’s universal child care plan ($1.7 billion) and maintain safe drinking water under Sanders’ plan ($6 billion).

Bezos’ career is a testament to the cruel autocracy and senseless misallocation of resources that our neoliberal capitalist system enables. But his opulence also reveals that the wealth exists to build a fairer and more equitable society — if redistributed. Bezos may loathe social cohesion, but in a world organized around democracy rather than the whims of space-billionaires, it’s something we may well be able to achieve.

The End of Days Is Coming Fast and It’s Ugly

Posted on April 9, 2021 by Reid Mukai

By Phil Butler

Source: New Eastern Outlook

The average citizen of Earth is all tied up these days. Scarcely anyone has free time to take on one more task, to truly understand what goes on in the world, or glean any meaningful benefit from world affairs. Life goes on, albeit in a more chaotic sense, as it always has. The rich get richer, as they say, and the poor get poorer. There’s a simple reason to explain it all, but humanity is never allowed to come to terms with it. The solution to all our problems is patently simple. But the choice? Well, we’re conditioned to shun revolutions of thought and deed.

Now that I have opened a misty veil into the nebulous unknowing of world affairs, let me reveal once more, the dastardly cause of all our strife. The powers that be, whether, in the north, south, east, or west, want everything for themselves. You knew this since that first overheard conversation between old men, in Athens, Beirut, Charleston, or Dublin. And if you’ve dared to rear your head and lift your voice with the newfound freedom of digital means, beware, for they will soon smash you back down into the dark chamber of servitude, where you and I belong. Today’s case in point? The sister of billionaire Warren Buffett, Roberta Buffett Elliott, and an institution painted philanthropic, to cover a deceitful ghastliness. In this report, I have included Tweets from some of the panel that the Buffett Institute has assembled. The gist of these Tweets will further enlighten you.

In my email this morning there was a message from Annelise Riles, Executive Director of Northwestern University’s Roberta Buffett Institute for Global Affairs, a school I was not even familiar with before. The subject of the email was a Foreign Policy – Northwestern broadcast entitled “How to Stop Fake News” The tagline reads:

“Stopping fake news is the big problem we have to solve before we can more effectively address the global challenges facing humanity.”

The story of Roberta, Warren, and her fascinating husband David Elliott, is a subject worthy of a book, but for the sake of brevity, a $100 million dollar gift to create the Northwestern institute in 2015 was no charitable donation. The now-deceased husband David, was head of the largest Peace Corps operating in the world about the time J.F.K. was assassinated. Just to tweak the reader’s interest in how “agents” of liberal change are created.

Returning to the latest Buffett Institute initiative, it’s important to note that like every other supposed philanthropic gift by billionaires, there was a windfall beyond a tax writeoff. And now, with brother Warren and his elite colleagues pressing hard to dominate our world, the rebelliousness of independent thought must be squashed. The elite accomplishes our quietness via the same old methods. They not only own almost all the newspapers and TV stations, they also donate billions to cultivate journalists, scientists, politicians, bureaucrats, educators, and military leaders who will propagate their agendas.

Now, independent traditional and social media are a huge problem for those who want utter control. Now that the term “conspiracy theory” no longer has weight in light of exposed real conspiracies, the danger for the Warren Buffett or George Soros types of the world is acute. This “How to Stop Fake News” should be a wake-up call for every citizen of our world, a call to action to prevent the complete takeover of freedoms and elusive democracy. Make no mistake, the US President declaring war on Russia and Vladmir Putin in recent comments, the hardcore language aimed at Iran, China, and many other “perceived” threats to American hegemony, are the other warning signs.

This new initiative involves high-ranking members of the European Commission, Putin hater Olga Yurkova (Co-Founder, Stopfake.org), Marwan M. Kraidy (Dean and CEO, Northwestern University in Qatar), Justine Isola (Facebook), and others. One look into the backgrounds of these people will tell you the Roberta Buffett Institute is already presenting a narrative to students that is mightily skewed in favor of the liberal order. With Biden in charge now, and after Trump succeeding in destroying conservatism for good, Buffett and his fellows are ready for the push to subdue Russia or anything standing in the way. At least, this is my analysis.

Here in Greece, the Prime Minister just declared social media the “enemy of democracy” because the people are losing confidence in the government’s ability to immunize and protect citizens. This is not “fake news” Prime Minister Mitsotakis is on record saying this. For a few years now, institutions like Freedom House have been trumpeting the notion that social media is rotting democracy from within. The so-called “left’ has blamed this supposed decay on conservatives and the far-right. A Politico piece before the 2020 election suggested that Americans were becoming “superspreaders of misinformation.” At the other end of the spectrum, Annelise Riles, the lady in charge of the Buffett Institute, writes for Times Higher Education (THE); “Universities can help the US retake its seat at the global table.” Must I continue, or is the writing on the wall here? Riles was the recipient of a Marshall Scholarship herself, so what we are seeing is the most effects of replanting neo-colonialism, and the latest in the ongoing war for this world.

We must understand fully what former President Donald Trump’s role was in all this. Trump’s Tweets, the bombastic and often ridiculous content he spread, the sheer callousness and narcissism he foamed at us with, it set the stage for his colleagues to silence all moderators. Now, the liberal order Trump was supposed to expose, the Deep State and the Swamp he was sworn to unseat, has complete control (almost) of media, business, and even academia and medicine.

Currently, there is nothing whatsoever standing in the way of their turning us all into slaves. Putin and Russia represent a huge problem for them because the capitalistic systems they created will soon fail without new resources to leverage. Russia means growth for these people, and without the treasures of Russia, Iran, Venezuela, and other nations, the Warren Buffetts and Rothschilds of Earth cannot go forward. Their empires of Wall Street hot air will collapse within a decade. They must, you see, either command all the world’s mineral and human wealth or control us utterly and completely. The inevitable is unarguable. There is no bottomless vessel, from which to pour milk or honey endlessly. This liberal order that reshaped its power, will transform every freedom into a task that serves them. Much of our life is already dedicated to them, they take a piece of every move we make. It will only get worse. But humanity must be left standing. End of story.

By the way, this is not fake news, it is my real opinion based on decades of study, research, and inside information.

Phil Butler, is a policy investigator and analyst, a political scientist and expert on Eastern Europe, he’s an author of the recent bestseller “Putin’s Praetorians” and other books. He writes exclusively for the online magazine “New Eastern Outlook.”

The American Terror State

Posted on March 30, 2021 by Reid Mukai

By Donald Monaco

Source: Global Research

On February 26, 2021, imperial President Joe Biden ordered the bombing of “Iranian backed militias” in Syria. Biden’s action was rationalized as “retaliation” for rocket attacks on American troops in Iraq that killed a mercenary contractor and injured a U.S. soldier.

Missing from coverage in the corporate media was any mention of the illegal U.S. military occupation of Iraq and Syria. The occupation was simply airbrushed from discussion. By so doing, reality is inverted. Victim is portrayed as aggressor and aggressor as victim.

From the standpoint of international law, aggressive military action taken by occupation forces cannot be termed self-defense. Yet political elites and media propagandists finesse basic truths by detaching U.S. forces from the context of illegal invasion and occupation. They assume the military has a ‘right’ to be deployed anywhere in the world.

Paradoxically, the militias assaulted by the United States have been fighting ISIS, once again exposing the ‘war on terror’ as a massive lie. The same militia forces Biden attacked were once led by Iranian General Soleimani, who was assassinated by Trump, further demonstrating the genuine purpose of military deployment which is to destabilize regimes targeted as unfriendly, meaning not subservient to the Washington.

Almost simultaneously, the Biden administration signaled that there would be no punishment of Saudi crown prince Mohammed bin Salman, who was identified by the CIA as having given the order to assassinate Washington Post journalist, Jamal Khashoggi.

Also, unsurprisingly, the Biden administration announced that it would appeal a British magistrate’s decision not to extradite Julian Assange to the United States for prosecution under the espionage act. Assange languishes in a British prison pending the appeal. His transgression? Exposing U.S. war crimes in Iraq.

The pattern is clear. Any action that supports U.S. global hegemony is justified, while any opposition is criminalized and repressed.

The core mission of the American terror state is to make the world safe for U.S. corporate profiteering. A corollary imperative is to prevent any challenge to U.S. global domination.

First, the United States is a permanent warfare state that fights perpetual wars for perpetual profits. The profits accrue to the “merchants of death” who sell their wares within the iron triangle of a military-industrial-complex that guarantees a massive return on capital investments. The process is known as “military Keynesianism.” Corporations such as Lockheed Martin, Raytheon, General Dynamics, and Boeing provide the arms for a global military empire to defend the global corporate empire. Profits also flow to members of congress who own stock in the defense industry.

The permanent warfare state also allows profits to accumulate for corporations that exploit the world’s land, labor, and resources by protecting their access to foreign markets. Corporations such as World Mineral Inc, Peabody Energy, Rio Tinto, General Motors, Lithium Americas, AES, and Blackberry Ltd in the mineral extraction industry, Exxon Mobile, ConocoPhillips, and Chevron in the energy industry, Apple, Amazon, Alphabet, and Microsoft in the technology industry, General Motors, Ford, and Tesla in the automotive industry, Johnson & Johnson, Merck, and Pfizer in the pharmaceutical industry, and Walmart, Amazon, and Costco in the retail industry all operate in the global market.

Commercial banks such as JP Morgan Chase, Citigroup, Bank of America in the banking industry, Wall Street investment firms led by JP Morgan, Goldman Sachs, and Morgan Stanley in the financial industry, and private equity firms such as The Blackstone Group, The Carlyle Group, Kohlberg Kravis Roberts Co, and TPG Capital in the investment management industry finance global corporate transactions.

U.S. Fortune 500 companies made $14.2 trillion in revenues during 2020 and held an estimated $2.6 trillion offshore to avoid paying taxes. The largest American corporations made billions of dollars in profits while laying off thousands of workers during the coronavirus lockdown. Billionaires Jeff Bezos, Elon Musk, Warren Buffett, and their cohorts increased their net worth by half a trillion dollars during a pandemic that saw 8 million people join the ranks of 38.1 million poor Americans. Another 93.6 million live close to the poverty level in the richest nation on earth.

Second, any country that wants to control its own land, labor, and resources by implementing an agenda of economic nationalism becomes a barrier to free trade, globalization, and the neoliberal economic paradigm that emphasizes privatization and deregulation of economies for the benefit of private capital. Countries that do not throw themselves open to foreign investment are punished by crippling economic sanctions imposed by the U.S. Department of Treasury.

Third, the neoliberal economic agenda of free market privatization drives the neoconservative political agenda of American global hegemony as justified by Bush Jr.’s “Preemptive War on Terror,” Obama’s “Humanitarian Intervention,” Trump’s “America First,” and Biden’s “Advancement of Democracy” ideologies.

Neoconservatives dominate the foreign policy establishment. Besides protecting U.S. empire, they are rabidly pro-Israel. The neocons conflate the interests of the United States with the interests of Israel, ignoring George Washington’s admonition to avoid “foreign entanglements.” They want the United States to go to war with Iran, as they understand that the destruction of resistance to Zionist colonization in Palestine can only be accomplished by defeating Tehran.

Other Middle Eastern and North African countries that supported the Palestinian cause and had large reserves of oil coveted by empire, were decimated by implementation of a neoconservative plan to attack seven Muslim countries in five years, beginning with Iraq and ending with Iran.

George W. Bush, the Texas oil man, Dick Cheney, former Chief Executive Officer of Halliburton, and a rat’s nest of neoconservatives led by Paul Wolfowitz, Douglas Feith, Richard Perle, and I. Lewis Libby decimated Iraq.

Barack Obama, the University of Chicago law professor and Nobel Peace Prize winner and neoconservative Secretary of State Hillary Clinton, destroyed Syria and turned Libya into a failed state that resulted in the enslavement of Black Africans.

Donald Trump, the real estate mogul and celebrity show host and Mike Pompeo, neoconservative war hawk and Secretary of State, continued the occupations of Syria, Iraq, and Afghanistan, supported Saudi Arabia’s genocidal war in Yemen, recognized Israel’s annexation of the Syrian Golan Heights, moved the U.S. embassy to the occupied city of Jerusalem and offered the Palestinians the “Deal of the Century” that was promptly rejected.

Despite his rhetoric, Trump failed to stand-up to the military-industrial-complex by ending ongoing U.S. wars.

Finally, Joe Biden, a self-professed Zionist, supported every U.S. war to come down the pike during his tenure as U.S. senator and vice-president, making him a warmonger.

The policies of empire are planned in the corridors of the Council on Foreign Relations, Heritage Foundation, Rand Corporation, Center for Strategic and International Studies, American Enterprise Institute and a myriad array of pro-war institutes that function within the policy formulation network financed by the corporate rich.

The matrix of power in the United States is strikingly transparent. The corporate rich own the country. The political class protects their property and their empire by pursuing the interests of oligarchic masters as defined by ‘experts’ in the policy formulation network. Academic and media elites rationalize the need for an empire that is never called by its proper name.

The costs of empire paid by the American people are staggering.

A study conducted by the Watson Institute of International & Public Affairs at Brown University concluded that the United States has spent $6.4 trillion on war since 9/11.

The National Defense Authorization Act of 2021 allocated $740 Billion for the military and prohibited President Trump from withdrawing troops from Afghanistan and Iraq. Joseph Biden works within in the same institutional framework that enmeshed his predecessor. The Biden administration is considering troop re-deployment to confront Russia and China. But no return of troops to the United States is contemplated.

The United States currently has over 1.3 million active-duty troops, with 450,000 stationed on over 800 military bases in 70 countries around the world. Special military operations are being conducted in 141 countries. U.S. global military presence escalated under both the Obama and Trump administrations.

As U.S. military presence increases around the world, so do the crimes of empire. Obama prosecuted drone warfare that killed approximately 5,000 innocent civilians. Trump escalated drone strikes. Obama launched 1,878 attacks during his eight years in office. Trump ordered 2,243 strikes during his four-year tenure in the White House while concealing deaths that occurred as the result of attacks.

Since 9/11 the U.S. has killed an estimated 6 million people in wars in Iraq, Afghanistan, Pakistan, Libya, Syria, Somalia, and Yemen. At least 37 million people have been displaced by U.S. wars. The U.S. has bombed 9 countries since 9/11 adding to the list of 24 other nations it bombed after World War II. Exactly 80 countries have been subjected to U.S. counter-terrorism operations during the “war on terror.” Behind the statistics lies an ocean of human suffering.

The monumental questions of peace and war in the United States will not be decided by an election. They will ultimately be decided by a revolt. The shell-game of American politics wherein populist rhetoric is used to conceal plutocratic governance is bankrupt.

The United States is a militarized terror state. The magnitude of violence perpetrated by the U.S. government has become so routine that perpetual war is normalized. The question remains, how long will the American people continue to be slaves of a terror state?

Viral Inequality: From Jeff Bezos to the struggle of Indian Farmers

Posted on February 22, 2021 by Reid Mukai

Billionaires have profited enormously from lockdown, whilst mega corporations are buying out and shutting down independent stores and farms.

By Colin Todhunter

Source: OffGuardian

According to a new report by Oxfam, ‘The Inequality Virus’, the wealth of the world’s billionaires increased by $3.9tn (trillion) between 18 March and 31 December 2020. Their total wealth now stands at $11.95tn.

The world’s 10 richest billionaires have collectively seen their wealth increase by $540bn over this period. In September 2020, Jeff Bezos could have paid all 876,000 Amazon employees a $105,000 bonus and still be as wealthy as he was before COVID.

At the same time, hundreds of millions of people will lose (have lost) their jobs and face destitution and hunger. It is estimated that the total number of people living in poverty could have increased by between 200 million and 500 million in 2020. The number of people living in poverty might not return even to its pre-crisis level for over a decade.

Mukesh Ambani, India’s richest man and head of Reliance Industries, which specialises in petrol, retail and telecommunications, doubled his wealth between March and October 2020. He now has $78.3bn. The average increase in Ambani’s wealth in just over four days represented more than the combined annual wages of all of Reliance Industries’ 195,000 employees.

The Oxfam report states that lockdown in India resulted in the country’s billionaires increasing their wealth by around 35 per cent. At the same time, 84 per cent of households suffered varying degrees of income loss. Some 170,000 people lost their jobs every hour in April 2020 alone.

The authors also noted that income increases for India’s top 100 billionaires since March 2020 was enough to give each of the 138 million poorest people a cheque for 94,045 rupees.

The report went on to state:

…it would take an unskilled worker 10,000 years to make what Ambani made in an hour during the pandemic…and three years to make what Ambani made in a second.”

During lockdown and after, hundreds of thousands of migrant workers in the cities (who had no option but to escape the country’s avoidable but deepening agrarian crisis) were left without jobs, money, food or shelter.

It is clear that COVID has been used as cover for consolidating the power of the unimaginably rich. But plans for boosting their power and wealth will not stop there. One of the most lucrative sectors for these people is agrifood.

More than 60 per cent of India’s almost 1.4 billion population rely (directly or indirectly) on agriculture for their livelihood. Aside from foreign interests, Mukesh Ambani and fellow billionaire Gautam Adani (India’s second richest person with major agribusiness interests) are set to benefit most from the recently passed farm bills that will lead to the wholesale corporatisation of the agrifood sector.

CORPORATE CONSOLIDATION

A recent article on the grain.org website, ‘Digital control: how big tech moves into food and farming (and what it means)’, describes how Amazon, Google, Microsoft, Facebook and others are closing in on the global agrifood sector while the likes of Bayer, Syngenta, Corteva and Cargill are cementing their stranglehold.

The tech giants entry into the sector will increasingly lead to a mutually beneficial integration between the companies that supply products to farmers (pesticides, seeds, fertilisers, tractors, drones, etc) and those that control the flow of data and have access to digital (cloud) infrastructure and food consumers. This system is based on corporate centralisation and concentration (monopolisation).

Grain notes that in India global corporations are also colonising the retail space through e-commerce. Walmart entered into India in 2016 by a US$3.3 billion take-over of the online retail start-up Jet.com which, in 2018, was followed by a US$16 billion take-over of India’s largest online retail platform Flipkart. Today, Walmart and Amazon now control almost two-thirds of India’s digital retail sector.

Amazon and Walmart are using predatory pricing, deep discounts and other unfair business practices to lure customers towards their online platforms. According to Grain, when the two companies generated sales of over US$3 billion in just six days during a Diwali festival sales blitz, India’s small retailers called out in desperation for a boycott of online shopping.

In 2020, Facebook and the US-based private equity concern KKR committed over US$7 billion to Reliance Jio, the digital store of one of India’s biggest retail chains. Customers will soon be able to shop at Reliance Jio through Facebook’s chat application, WhatsApp.

The plan for retail is clear: the eradication of millions of small traders and retailers and neighbourhood mom and pop shops. It is similar in agriculture.

The aim is to buy up rural land, amalgamate it and roll out a system of chemically-drenched farmerless farms owned or controlled by financial speculators, the high-tech giants and traditional agribusiness concerns. The end-game is a system of contract farming that serves the interests of big tech, big agribusiness and big retail. Smallholder peasant agriculture is regarded as an impediment to be replaced by large industrial-scale farms.

This model will be based on driverless tractors, drones, genetically engineered/lab-produced food and all data pertaining to land, water, weather, seeds and soils patented and often pirated from peasant farmers.

Farmers possess centuries of accumulated knowledge that once gone will never be got back. Corporatisation of the sector has already destroyed or undermined functioning agrarian ecosystems that draw on centuries of traditional knowledge and are increasingly recognised as valid approaches to secure food security.

And what of the hundreds of millions to be displaced in order to fill the pockets of the billionaire owners of these corporations? Driven to cities to face a future of joblessness: mere ‘collateral damage’ resulting from a short-sighted system of dispossessive predatory capitalism that destroys the link between humans, ecology and nature to boost the bottom line of the immensely rich.

IMPERIAL INTENT

India’s agrifood sector has been on the radar of global corporations for decades. With deep market penetration and near saturation having been achieved by agribusiness in the US and elsewhere, India represents an opportunity for expansion and maintaining business viability and all-important profit growth. And by teaming up with the high-tech players in Silicon Valley, multi-billion dollar data management markets are being created. From data and knowledge to land, weather and seeds, capitalism is compelled to eventually commodify (patent and own) all aspects of life and nature.

Foreign agricapital is applying enormous pressure on India to scrap its meagre (in comparison to the richer nations) agricultural subsidies. The public distribution system and publicly held buffer stocks constitute an obstacle to the profit-driven requirements of global agribusiness interests.

Such interests require India to become dependent on imports (alleviating the overproduction problem of Western agricapital – the vast stocks of grains that it already dumps on the Global South) and to restructure its own agriculture for growing crops (fruit, vegetables) that consumers in the richer countries demand. Instead of holding physical buffer stocks for its own use, India would hold foreign exchange reserves and purchase food stocks from global traders.

Successive administrations have made the country dependent on volatile flows of foreign capital via foreign direct investment (and loans). The fear of capital flight is ever present. Policies are often governed by the drive to attract and retain these inflows. This financialisation of agriculture serves to undermine the nation’s food security, placing it at the mercy of unforeseen global events (conflict, oil prices, public health crises) international commodity speculators and unstable foreign investment.

Current agricultural ‘reforms’ are part of a broader process of imperialism’s increasing capture of the Indian economy, which has led to its recolonization by foreign corporations as a result of neoliberalisation which began in 1991. By reducing public sector buffer stocks and introducing corporate-dictated contract farming and full-scale neoliberal marketisation for the sale and procurement of produce, India will be sacrificing its farmers and its own food security for the benefit of a handful of unscrupulous billionaires.

As independent cultivators are bankrupted, the aim is that land will eventually be amalgamated to facilitate large-scale industrial cultivation. Indeed, a recent piece on the Research Unit for Political Economy site, ‘The Kisans Are Right: Their Land Is At Stake‘, describes how the Indian government is ascertaining which land is owned by whom with the ultimate aim of making it easier to eventually sell it off (to foreign investors and agribusiness). Other developments are also part of the plan (such as the Karnataka Land Reform Act), which will make it easier for business to purchase agricultural land.

India could eventually see institutional investors with no connection to farming (pension funds, sovereign wealth funds, endowment funds and investments from governments, banks, insurance companies and high net worth individuals) purchasing land. This is an increasing trend globally and, again, India represents a huge potential market. The funds have no connection to farming, have no interest in food security and are involved just to make profit from land.

The recent farm bills – if not repealed – will impose the neoliberal shock therapy of dispossession and dependency, finally clearing the way to restructure the agri-food sector. The massive inequalities and injustices that have resulted from the COVID-related lockdowns are a mere taste of what is to come.

The hundreds of thousands of farmers who have been on the streets protesting against these bills are at the vanguard of the pushback – they cannot afford to fail. There is too much at stake.

The Top 10%’s Bubble Is About to Burst

Posted on January 5, 2021 by Reid Mukai

By Charles Hugh Smith

Source: Of Two Minds

When the top 10%’s bubble pops in 2021, the loss of illusions/delusions of security and wealth will be shattering to all those who believed artifice and illusory “wealth” were real.

A great many people are living in bubbles that are about to pop. The largest bubble is the one inhabited by people who complacently believe in time travel, i.e. that the world of 2019 is about to replace the nightmare of 2020 and we can all go back to our carefree debt-funded consumption frenzy and illusions of ever-greater wealth forever and ever.

The greater one’s sense of security, the more durable the bubble. Those in America’s top 10% who have reaped virtually all the gains in income and wealth of the past 20 years live in a bubble that they view as unbreakable: no matter what problems arise, their personal income and wealth is secured by the government, central bank, etc.

Put another way, the top 10% are confident their position atop the wealth-power pyramid is secure no matter what happens. Any dip in stocks, bonds, real estate, bat guano futures, etc. that causes their personal wealth to decline (horrors!) will be instantly bought because the Federal Reserve will print another couple trillion dollars and funnel it into risk assets, as it has done for the past 20 years.

Any spot of bother in the gravy trains that fund the top 10%–local and state government, universities, Big Tech, Big Pharma, Department of Defense, Wall Street, hedge funds, venture capital, etc.– will be doused with trillions of dollars borrowed or printed into existence by the Treasury or Fed. No matter what spot of bother arises, the solution–more trillions–is just a few keystrokes away.

The top 10% are supremely confident in the godlike powers of these agencies and solutions: the idea that these “solutions” become insoluble problems does not compute, just as a decline in asset valuations that doesn’t rebound within three weeks thanks to Fed intervention is firmly outside the realm of possibility.

The top 10% are also supremely confident in the rightness of their position atop the heap. That their position atop the heap is largely the result of a web of privilege and a long run of extraordinarily good fortune does not enter their bubble at all; in their bubble, their wealth, status, prestige and income are all the result of hard work and merit.

While this is certainly true for some, it is not true for all, and even those who scraped their way to the top the hard way do not recognize that their success over the past 20 years (and arguably the past 50 years) has been largely the result of a financialized rising tide raising all boats. In a Bull Market in virtually everything (except commodities), everyone is a hard-working genius who got it all via merit.

On top of this myopic belief that their success is all the result of their own endeavors rather than a tide of financialization, the top 10% are equally blind to the toxic consequences of the wealth/income inequality that has so richly benefited the few at the expense of the many. The idea that the bottom 90% might rebel against the financial / political system that has favored the already-wealthy for a generation is outside the top 10%’s realm of possibility.

But tides do not run in one direction forever, and a revolt against the unprecedented inequality that heavily favors the top 10% is not “impossible,” it’s a certainty. The top 10% are accustomed to being admired and respected for their accomplishments, expertise, wise investing and professional acumen. They are accustomed to viewing themselves as the essential technocrat class that keeps the U.S. system functioning.

The problem with this self-congratulatory perspective is the U.S. system is now in thrall to process rather than results. The technocrat class has been trained to follow needlessly complex procedures and compliance processes as the path to professional advancement while avoiding accountability for the increasingly dismal results of America’s bloated, sclerotic, insider-dominated systems.

All this needless complexity will be jettisoned once printing/borrowing trillions become the problem rather than the solution. The bottom 90% will demand not just a fairer distribution of income and wealth, they will also demand a system that actually functions for the greater social good rather than for insiders, parasites, leeches and technocrat processors who declare victory not from results but from their success in following approved processes / narratives.

Once costs must be cut and results take precedence over process, much of the technocrat class will find itself replaced by automated software. Those that remain will be valued for getting results by whatever means are available, up to and including ignoring all compliance procedures and bureaucratic box-ticking.

The top 10%–the rentier-technocrat class–will find the bottom 90% can no longer pay their rent, insurance, etc.–all the “services” that employ and enrich the top 10%. In other words, the losses as unproductive complexity unravels will finally fall on the top 10%, many of whom have been protected from exposure to market forces and risk.

Lastly, the top 10%’s ownership of assets will be crushed by asset deflation as insolvency can no longer be papered over by liquidity. Assets that are the foundation of top 10% wealth (that the bottom 90% own very little of) will go bidless as phantom wealth dissipates into the thin air from whence it came.

The top 10% reckon they’re untouchable, safe and protected in their asset lifeboats, and the sinking of the 90% won’t affect them. The top 10%’s bubble is about to burst. Not only will their lifeboats prove unstable, every level of government will come after whatever is left as taxes will soar on virtually every form of income and wealth.

Unlike the bottom 60%, who have few illusions about the rampant unfairness and predation of real-world America, the top 10%’s bubble is 90% illusion seasoned with 10% absolute delusion. The comfortable are about to experience some of the discomfort that is everyday life for the bottom 60%, and an increasing percentage of the next 30% who still aspire to fantasies of middle-class security will find social mobility is an escalator down.

We cannot print wealth, or borrow it into existence. All we can print/borrow is artifice, phantom representations of illusory “wealth” that will vanish into thin air, in a reverse of how the “money” was created–out of thin air.

When the top 10%’s bubble pops in 2021, the loss of illusions/delusions of security and wealth will be shattering to all those who believed artifice and illusory “wealth” were real. What’s real is the tide of financialization and globalization reversed over a year ago. The tide is now running out, but few loading their “wealth” into lifeboats have noticed–yet.

“The Great Reset” Already Happened

Posted on December 2, 2020 by Reid Mukai

By Charles Hugh Smith

Source: Of Two Minds

Put another way: the elites have cannibalized the system so thoroughly that there’s nothing left to steal, exploit or cannibalize.

The global elites’ techno-fantasy of a completely centralized future, The Great Reset, is addressed as a future project. Too bad it already happened in 2008-09. The lackeys and toadies tasked with spewing the PR are 12 years too late, and so are the critics listening to the PR with foreboding.

Simply put, events outran our understanding of them. The future already manifested while we were trying to cram the present arrangement into an obsolete conceptual framework.

In broad-brush, the post-World War II era ended around 1970. The legitimate prosperity of 1946-1970 was based on cheap oil controlled by the U.S. and the hegemony of the U.S. dollar. Everything else was merely decoration.

The Original Sin to hard-money advocates was America’s abandonment of the gold standard in 1971, but this was the only way to maintain hegemony. Maintaining the reserve currency is tricky, as the nation issuing the reserve currency has to supply the global economy with enough of the currency to grease commerce and stock central bank reserves around the world.

As the global economy expanded, the only way the U.S. could send enough dollars overseas was to run trade deficits, which in a gold standard meant the gold reserves would go to zero as trading partners holding dollars would exchange the currency for gold.

So the choice was: give up the reserve currency and the hegemony of the U.S. dollar by jacking up the dollar’s value so high that imports would collapse, or accept that hegemony was no longer compatible with the gold standard. It wasn’t a difficult decision: who would give up global hegemony, and for what?

Many other dynamics changed around the same time: social, cultural, political. These charts reflect the end of the postwar era and the ushering in of a new era.

Again in broad-brush, the key economic dynamic was the decline of labor’s share of the economy in favor of capital. Those who had only their labor to sell lost purchasing power, while those who could borrow or access capital benefited enormously. The charts below tell the story: labor’s share of the national income has stairstepped lower for 50 years (since 1970) while the super-wealthy’s share has outpaced everyone else 15-fold.

The dominance of financial capital is visible in the third chart, as private-sector financial assets are now 6 times the nation’s GDP, double the percentage of the postwar era.

This capital-friendly era was rocket-boosted by financialization in the 1980s, technology in the 1990s and globalization in the early 21st century. You can see each advance of capital’s top tier–the top 0.1%–in the chart below: the top 0.1% first pulled away in the 1980s financialization, stutter-stepped in the early 1990s and then exploded higher as technology fueled capital’s leverage and exposure to the gains reaped by computers and the Internet.

Alas, these extremes are not stable or sustainable, and so each wave ends in a devastating crash. The income of the top 0.1% took a hit as the dotcom bubble burst, but then China’s entry into the WTO saved the day as rampant globalization and additional extremes of financial leverage and fraud boosted their fortunes in the 2000s.

The dual extremes of financialization and globalization created the 2008 bubble, and its collapse almost took down the entire global capital house of cards. Central banks, ultimately financed by the Fed to the tune of $29 trillion, twice the size of America’s entire GDP, instituted The Great Reset under the usual guise of “emergency measures” which then became permanent policies.

The Great Reset led to the hyper-centralization of control over the global economy’s money as central banks coordinated unprecedented money-printing and financial repression, which includes zero-interest rate policies (ZIRP), as the debt-bubble would pop if rates aren’t nailed down to zero.

All the PR being spewed about The Great Reset is the final frantic flailing of a system that’s drowning in its own excesses. The 50-year long era of the few enriching themselves as the expense of the many has ended, for the same reason eras of extreme exploitation always end–the elites got too greedy and overshot the economy’s ability to sustain their rapidly expanding share of the income and wealth.

Put another way: the elites have cannibalized the system so thoroughly that there’s nothing left to steal, exploit or cannibalize. The hyper-centralized global money control has run out of rope as the cheap oil is gone, debts have ballooned to the point there is no way they’ll ever be paid down, and the only thing staving off collapse is money-printing, which holds the seeds of its own demise.

Allow me to summarize the only way The Great Reset envisioned by global elites can actually manifest: The Martians arrive towing huge meteorites of pure lithium and gold, and rather than incinerating the global elites, they hand the global elites the meteorites to further their concentration of wealth and power.

Short of that science fiction, this sucker’s going down. The Great Reset has already run its course after 12 long years of artifice, fraud and trickery. So global elite shills, lackeys, factotums, toadies and apparatchiks–prepare for your Wil-E-Coyote moment of truth.

How Billionaires Took Over Liberalism and Destroyed It

Posted on August 27, 2020 by Reid Mukai

By Eric Zuesse

Source: Strategic Culture Foundation

They’ve done it via the ‘news’-media — their propaganda-operations. So, this is about how billionaires do that; how they’ve done it.

Ever since at least the time of Thucydides in the 5th century BC, the wealthiest have ruled, and did it by conquest and plunder. The acquisition of exceptional wealth was by theft: it was coercion, which could be either physical against the body (violence), or mental against the mind (deception). Exceptional wealth was acquired by some form of theft. The wealthiest controlled the government, which then enforced that theft as legal “ownership.” That’s how the economy worked. The government is the ultimate authority on who owns what. None of this has changed over the millennia. However, the technologies today are different, depending less on the wielding of steely weapons, and more on the statement of stealthy words, than in the ancient past. Increasingly, control is being achieved by deceiving the public. (For example, America’s leading liberal politician, Joe Biden, was one of the U.S. Senate’s leading segregationists and back-room opponents of the NAACP, but claims to be a supporter of “civil rights”, and is thus voted for by the overwhelming majority of America’s Blacks — but America’s press hides his segregationist record, and so they don’t know about it. Those voters’ ignorance is that politician’s strength, and it all comes from America’s billionaires.) Today’s methods of deceiving (and thus controlling) the public are considerably more sophisticated and professional than in the past. The aristocracy (the billionaires) do it nowadays mainly by means of their buying and selling, and hiring and firing, of the news-media, which thus have far more importance than in ancient times, because deceit is today’s main way to control the public.

Whereas conservative media rely unashamedly upon the existing popular mythology, liberal media need to rely upon that but to pretend not to, and to be instead ‘humanitarian’ and ‘enlightened’ in a more tolerant and open-minded sense: they specialize in hypocrisy — it’s liberal aristocrats’ particular style of art-form; they’re the ‘not conservative’ type of aristocrats. They pretend to be what they aren’t (champions of democracy — which they actually despise and crave to overcome, if it exists at all).

Progressive media (to the extent they exist at all, which is only very slight, anywhere) avoid both hypocrisy and mythology: they are openly anti-aristocratic, and rejecting also any mythology — they are populist, while not affirming the popular (or any) mythology. (By contrast: conservative ‘populists’ are committed to the existing popular mythology, and can therefore be manipulated by openly conservative aristocrats — they can be “Tories,” or even “Nazis,” and they can therefore vote against their own “class interests.” It’s stupid, but conservative ‘populists’ nonetheless do it routinely.)

As a result of this (since the progressives’ appeal — rejecting both the aristocracy and the mythology — is so small), politics almost invariably pits conservatives against liberals, and therefore promotes dictatorship (rule of the nation by its aristocracy), either way.

This means that, almost invariably, it’s either the conservative aristocrats, or else the liberal aristocrats, who rule a country. (Democracy — rule by the public — is thus very rare.)

Perhaps the most famous of all liberal news-media during the Twentieth Century was Britain’s Guardian newspaper, which was anti-imperialist — and that’s a core component of progressivism, because the aristocracy derive wealth not only by exploiting their domestic public, but also (if they are internationally successful, meaning control vassal-nations) by exploiting foreign publics. These aristocrats exploit foreign publics by controlling foreign governments. That’s called “imperialism.”

The Guardian newspaper was widely considered, until recently, to be not only liberal, but even progressive. It promoted government-expenditures for the benefit of the people, instead of for international conquest (which billionaires much prefer). Consequently, the aristocracy hated it, and wanted to take it over.

Tragically, that newspaper was, in fact, taken over, culminating in 2016, by American billionaires’ ‘charities’, and promptly it became perhaps the world’s most-rabidly pro-imperialistic propaganda-sheet (even worse than America’s own Washington Post and New York Times, both of which were infamous villains, which had, for example, helped to promote George W. Bush’s lies to invade and destroy Iraq for WMD that didn’t even exist except in their own lies about the matter — and those were definitely lies, not mere errors such as the liars and their propaganda-media claimed afterward). They are constantly whipping up hatred against Russia’s Government and against any nations (like Iraq 2003, Libya 2011, Syria 2012, Ukraine 2014, and Venezuela 2015, were, and like China and Iran are now) that were friendly toward Russia — because Russia is the main country that America’s billionaires want to conquer and control that they don’t yet control. So, they constantly propagandize against Russia, where they all want “regime change” (meaning, actually, conquest).

Just as for at least the past 2,500 years, conquest is the aristocracy’s chief goal. All aristocrats support imperialism. (Any who would oppose it would no longer be accepted within the aristocracy. It would hurt them in their business-dealings with other aristocrats. Amongst their fellow aristocrats, they would be rejected.)

This journalistic transformation at the Guardian, from anti-imperialist, to becoming a champion of the Military-Industrial Complex (which is owned and controlled by the billionaires), is typical.

Understanding this transformation toward pure propaganda is helpful in order to understand the functioning of today’s most destructive Government, the U.S. Government — the country (whose Government is controlled by its billionaires — no democracy) that has perpetrated far more invasions and coups, and done far more damage in and to the world, than all other Governments in the world combined, ever since the end of World War II. It has mass-murdered tens of millions of people, not only via invasions, but by coups that were followed by U.S.-imposed brutal dictatorships (which served the U.S. aristocracy) — and all the while with the U.S. regime pretending to advance ‘democracy’ and ‘human rights’ (such as in Iraq 2003-, Libya 2011-, and Syria 2012-). (After all: it’s liberal; it is hypocritical — it pretends to be progressive but isn’t.)

Though this incredibly hypocritical global-tyrannical U.S. regime is accepted world-wide, as if it weren’t today’s equivalent of Nazi Germany (only bigger than that), it is by far the world’s most evil Government, much as Nazi Germany’s Government was, in its time. Whereas America under President FDR (who was sincerely an enemy of Nazi Germany) was largely a democracy, America is now an aristocracy of its billionaires — a dictatorship by its own super-rich (and they are vicious, comparable to what Germany’s Nazis were, though using far more-liberal rhetoric).

A typical example of today’s Guardian (which is no longer a newspaper but just an online propaganda-site funded by those billionaires’ ‘charities’, and by readers who are stupid enough to donate and pay in order to be deceived by ‘news’ they read there) is two ‘news’-reports that were published in the Guardian on the same day, and unconnected with one-another except that they were both fact-less, undocumented, and rabidly hateful against Russia’s Government — that’s to say, against the bête noire of American-and-allied (such as UK) billionaires.

On 16 July 2020, the Guardian headlined both “Russian state-sponsored hackers target Covid-19 vaccine researchers” and “UK says Russia sought to interfere in 2019 election by spreading documents online”. Both were probably lies, but certainly unverified by any clear facts — totally uninformative, and just strings of allegations, pure war-propaganda — much of it stenographically citing from official government sources in the U.S. and UK dictatorships (just like the “WMD in Iraq” lie was).

The Guardian is now a typical liberal ‘news’-medium, which means that it is at least as imperialistic as the openly conservative ‘news’-media (such as Rupert Murdoch’s Times of London) are.

To show how such propaganda is created and spread, and has been used with enormous success by the millions of hired agents (including publicly elected governmental officials) of the U.S. aristocracy, a few examples will be cited here that have already been sufficiently studied and exposed to be frauds — such as those two ‘news’-stories in the July 16th Guardian have not yet been exposed, but (based on that ‘news’-medium’s record) probably also are frauds.

On August 7th, I headlined “‘Russiagate’ Hoax Unravels, but Their Anti-Russia Sanctions Don’t,” and documented, in considerable detail, the fraudulence of the main U.S. Government hoax against Russia, a hoax that was promulgated in the Mueller Report and in all of the Democratic-Party-created “Russiagate” case against America’s current atrocious (Republican-Party-billionaire-representing) President, Donald Trump (accusing him of being ‘a puppet of Putin’).

What’s stunning there is that, with such a horrid President as Trump, the Democrats selected this hoaxed case to bring against him, in order to force him out of office — as if there weren’t authentic crimes that he had been perpetrating during his Presidency (and even before). They refused to bring any of the authentic cases against him, because they — the Democratic Party itself, its own Senators and Representatives and the Democratic National Committee — were themselves participating in those crimes (such as this and this and this and this). So, they instead brought this “Russiagate” case (which had been manufactured by the prior, Democratic Party, President’s Administration, in conjunction with MI6; and, so, Democratic Party officials could bring it), which is entirely disprovable. All of their ‘news’-media (such as the New York Times, and the Washington Post, and even the formerly British Guardian) therefore hid the hoaxiness of the charges, so as to sucker the Democratic Party’s voters (their readers) into supporting their own Democratic-Party-billionaire-serving politicians, instead of the Republican Party ones, who instead represented Republican Party billionaires. The villain was Russia (their bête noire), instead of Hillary Clinton and their own controlling aristocracy.

That “Russiagate” case in the United States was co-created by America’s CIA and Britain’s MI6; so, not only was it a real crime by the (traitorous) U.S. Government against its own American public, but it was a fictitious crime also by a foreign Government (Russia, ‘the enemy’), against the American people. And, as I have also documented, there are many such governmental crimes. And the more that they can be blamed against countries that America’s aristocracy wants to conquer (such as “Russiagate” was), the better it is for America’s aristocrats. So, this is the routine reality now (and under Trump it has increasingly been also against Iran and China), so as to pump up the Military-Industrial Complex, which is virtually owned by the aristocracy.

I document many things that are consistently denied in America’s mainstream ‘news’-media, and therefore none of those media will publish these articles (though all of my articles are submitted to all of them); but, just today as I am writing, a webmaster at a non-mainstream site objected because I provide “too many” links. Even though he operates an online news-site, he fails to know or respect the fact that ONLY online text-articles possess even the ability to enable their readers to check out easily — just by the reader’s clicking onto a link — the evidence for any reasonably questionable allegation that is being made in the given article (such as this one). Broadcast journalism doesn’t do that. Paper-and-ink journalism also doesn’t. Therefore, all of the traditional ‘news’-media don’t empower their audiences to be intelligently skeptical, and to have easy access to the actual evidence behind any reasonably questionable assertion that is being put forth by them.

Furthermore, even when traditional ‘news’-media establish online sites, any links there are often uninformative, such as to that site’s own archive of references to a given term that is being linked in their article. They assume that you trust one Party or the other, and they provide no easy means of digging deeper — because they don’t want their audience to be able to understand. Those are all billionaire-controlled ‘news’-media. So, all of them lie routinely, in order to advance the business-interests of those owners and control their audience. It’s like they are just nonstop advertisements instead of real news-media. And, since there are no links to their ultimate sources, those audiences would have to become investigators, themselves, in order to separate out which allegations are facts and which allegations are frauds. Readers don’t have the time to do that; and listeners don’t have any way in which they can do it, even if they did have the time. In other words: those audiences will choose to believe and to disbelieve whatever they want. This is the reason for the increasing political-Party polarization. It has become so bad in America now, so that the current U.S. Presidential election is between two rabidly racist contenders: the openly conservative one, Donald Trump, who hardly even tries to hide his racism, versus the other, Joe Biden, who does try to hide the fact that he was one of the U.S. Senate’s leading segregationists and was even allied on segregation-issues with the Senate’s leading segregationist, the Republican Party’s Senator Jesse Helms. Only by means of the ‘news’-media’s hiding Biden’s White-supremacist background, can they pretend that the two Parties are offering the electorate a ‘progressive’ option, in the billionaires’ 2020 Presidential (s)‘election’. Non-racist Americans are offered, by the billionaires’ two Parties, only White-supremacist options (the overtly segregationist Trump, or else the covertly segregationist Biden) to vote for to become the next President.

The entire national public then increasingly consists of people who are prejudiced in whatever ways that they are — increasingly set in their existing false beliefs — their existing myths. To allow billionaires to place their heavy thumbs upon the scales of truth and justice that they own, by means of their control over ‘news’-media, is a sure way for any democracy to degenerate into dictatorship, so that the public are fighting more against each other than against the aristocracy. This is what billionaires want and what has happened. Some things change, but others remain the same. And rule-by-the-richest seems to be in the latter category.

So: this is how one of the very few remaining progressive news-media became switched, in just the past few years, to being whored to the liberal aristocracy. The Guardian, RIP, was almost the opposite of today’s Guardian.

On August 10th, Jonathan Cook, who used to be a Guardian journalist when it was its previous, progressive newspaper, headlined “How the Guardian betrayed not only Corbyn but the last vestiges of British democracy”, and he exposed his former employer as the opposite of what it had been and as having become perhaps even the chief tool by billionaires to destroy the post-Tony-Blair Labour Party which had been led by the progressive Jeremy Corbyn, and as having reflected the Labour Party billionaires’ preference instead to defeat Corby’s Labour Party, in order to help to install as Prime Minister the far-right Tory Boris Johnson so as to restore, as being that Conservative Party’s opposition, the pro-imperialist Labour Party that had joined itself full-force to George W. Bush’s lie-based invasion of Iraq in 2003. “Racism was endemic in the language and behaviours of Labour’s senior, rightwing officials,” whom today’s Guardian had helped to make the Labour Party’s current leaders. This new Guardian was the opposite of the old Guardian, which had given a voice “for control of the Labour party so that it might really represent the poor and vulnerable against rule by the rich.” Today’s Guardian was instead instrumental in killing–off that Labour Party, and thereby leaving UK with no progressive party at all, and without even a single Party that has any actually functioning progressive wing to it, at all.

The way that billionaires took over liberalism and destroyed it is by their having taken control over non-conservative media (most of which were liberal, but a few of which were even progressive, as the Guardian used to be) and stripped out of them any opposition that those media previously had had toward imperialism, and replaced that by championing imperialism, so long it’s of the ‘right’ kind, namely sanctions and coups and invasions by ‘our’ country, against countries that never even threatened one’s own country (but that are friendly toward Russia). By definition, attempting to conquer a country that isn’t attempting to conquer that aggressor-country is the biggest of all international war-crimes; it’s “aggressive war” — and Nazi leaders were hanged for it at Nuremberg — but it’s entirely unpunished when the world’s most powerful country (and its allies) are doing it, such as now. A popular term for it (i.e., for the supreme crime that was being prosecuted at the Nuremberg Tribunals) today is “neoconservatism,” and the only way in which it differs from the Nazi Party is that America’s aggressions are aiming at different targets to destroy.

The easiest way to end democracy is to take control over the news-media so as to make them instead ‘news’-media; and, therefore, that’s the way it has been done.

The Free Market Is A Failure

Posted on July 20, 2020 by Reid Mukai

By TheHipcrimeVocab

Sorry for the deliberately click-bait-y headline, but I think this message is important to get out there.

In my discussions few months back on What is Neoliberalism, I noted that a core element of neoliberal philosophy is that markets are the only efficient, effective and rational way to distribute goods and services.

Neoliberals profess the idea that only competitive markets can allocate “scarce” resources efficiently, and that it is only such “free” markets that can lift people out of poverty and deliver broad prosperity. They pound it into our heads constantly.

Yet the Covid-19 crisis has illustrated spectacular and pervasive failures of such “free” markets all over the globe, and especially in the U.S. Instead of fairness or efficiency, we see systemic failure in every market we look: the food industry, the medical industry, the retail industry, the employment market. Resources are being destroyed and misallocated on a massive scale

Let’s start with the food industry, because food is the most important thing (nine means from anarchy, and all that). Thousands and thousands of pigs are being slaughtered, their meat left to rot, eaten by no-one, regardless of the forces of supply and demand:

The United States faces a major meat shortage due to virus infections at processing plants. It means millions of pigs could be put down without ever making it to table…

Boerboom, a third-generation hog farmer, is just one of the tens of thousands of US pork producers who are facing a stark reality: although demand for their products is high in the nation’s grocery stores, they may have to euthanise and dispose of millions of pigs due to a breakdown in the American food supply chain.

Meat shortage leaves US farmers with ‘mind-blowing’ choice (BBC)

Potatoes are sitting in Belgian warehouses and left to rot, only two short years after a drought threatened to produce a severe shortage:

Belgium: Lighthearted campaign to ‘eat more fries’ aims to lift heavy load (DW)

Meanwhile, dairy farmers in the U.S. heartland are dumping milk into the ground, to be drunk by no one.

Cows don’t shut off: Why this farmer had to dump 30,000 gallons of milk (USA Today)

In fact, the whole food situation is rather ugly, as this piece from The Guardian summarizes:

This March and April, even as an astounding 30 million Americans plunged into unemployment and food bank needs soared, farmers across the US destroyed heartbreaking amounts of food to stem mounting financial losses.

In scenes reminiscent of the Great Depression, dairy farmers dumped lakes of fresh cow’s milk (3.7m gallons a day in early April, now about 1.5 million per day), hog and chicken farmers aborted piglets and euthanized hens by the thousands, and crop growers plowed acres of vegetables into the ground as the nation’s brittle and anarchic food supply chain began to snap and crumble.

After delays and reports of concealing worker complaints, meatpacking plants that slaughter and process hundreds of thousands of animals a day ground to a halt as coronavirus cases spread like wildfire among workers packed tightly together on dizzyingly fast assembly lines.

Meanwhile, immigrant farmworkers toiled in the eye of the coronavirus storm, working and living in crowded dangerous conditions at poverty wages; at one Washington state orchard, half the workers tested positive for Covid-19. Yet many of these hardest working of Americans were deprived of economic relief, as they are undocumented. Advocates report more farmworkers showing up at food banks – and some unable to access food aid because they can’t afford the gas to get there.

None of this is acceptable or necessary and it’s not just about Covid-19, it’s also illustrative of a deeply deregulated corporate capitalism. America’s food system meltdown amid the pandemic has been long-developing, and a primary cause is decades of corporate centralization and a chaotic array of policies designed to prop up agribusiness profits at any cost.

Farmers are destroying mountains of food. Here’s what to do about it (Guardian)

That doesn’t sound very “efficient” to me, does it? How about you? Free market fundamentalists, care to weigh in?

Meanwhile, hospitals in the United States, which one would think are the most important thing to keep open during a pandemic, are actually closing across the country. These are the very things you want most to be open! Why is this happening? Because health care in the U.S. is a profit-driven enterprise that “competes” in the free market. Because elective procedures—their cash cow—have either been suspended or postponed. U.S. hospitals are closing because they are dependent upon these elective procedures to shore up their profits, and markets rely on profits.

As the deadly virus has spread beyond urban hotspots, many more small hospitals across the country are on the verge of financial ruin as they’ve been forced to cancel elective procedures, one of the few dependable sources of revenue. Williamson Memorial and similar facilities have been struggling since long before the pandemic — at least 170 rural hospitals have shut down since 2005, according to University of North Carolina research on rural hospital closures.

But even as hospitals in cities like New York City and Detroit have been deluged with coronavirus patients, many rural facilities now have the opposite problem: their beds are near-empty, their operating rooms are silent, and they’re bleeding cash.

More than 100 hospitals and hospital systems around the country have already furloughed tens of thousands of employees, according to a tally by industry news outlet Becker’s Hospital Review. They’ve sent home nurses and support staffers who would be deemed essential under state stay-home orders.

Rural hospitals are facing financial ruin and furloughing staff during the coronavirus pandemic (CNN)

And how about allocating labor via impersonal markets? How’s that going? Well, not so well. The workers with the skills most desperately needed on the front lines during the crisis are taking pay cuts and getting laid off left and right. Instead of contributing, they are sitting at home, unable to work even if they wanted to:

At a time when medical professionals are putting their lives at risk, tens of thousands of doctors in the United States are taking large pay cuts. And even as some parts of the US are talking of desperate shortages in nursing staff, elsewhere in the country many nurses are being told to stay at home without pay.

That is because American healthcare companies are looking to cut costs as they struggle to generate revenue during the coronavirus crisis.

“Nurses are being called heroes,” Mariya Buxton says, clearly upset. “But I just really don’t feel like a hero right now because I’m not doing my part.”

Ms Buxton is a paediatric nurse in St Paul, Minnesota, but has been asked to stay at home.

At the unit at which Ms Buxton worked, and at hospitals across most of the country, medical procedures that are not deemed to be urgent have been stopped. That has meant a massive loss of income.

Coronavirus: Why so many US nurses are out of work (BBC)

It’s an ironic twist as the coronavirus pandemic sweeps the nation: The very workers tasked with treating those afflicted with the virus are losing work in droves.

Emergency room visits are down. Non-urgent surgical procedures have largely been put on hold. Health care spending fell 18% in the first three months of the year. And 1.4 million health care workers lost their jobs in April, a sharp increase from the 42,000 reported in March, according to the Labor Department. Nearly 135,000 of the April losses were in hospitals.

As Hospitals Lose Revenue, More Than A Million Health Care Workers Lose Jobs (NPR)

So it doesn’t seem like “free and open” markets are doing so well with either health care or labor.

Meanwhile, U.S. states are competing against each other for desperately needed PPE equipment, bidding up the price and preventing scarce resources from going to where they are most badly needed, which would naturally be where Covid-19 has struck the hardest:

As coronavirus testing expands and more cases of infection are being identified, doctors, nurses and other healthcare workers are scrambling to find enough medical supplies to replenish their dwindling supply.

But state and local governments across the United States are vying to purchase the same equipment, creating a competitive market for those materials that drives up prices for everyone.

“A system that’s based on state and local governments looking out for themselves and competing with other state and local governments across the nation isn’t sustainable,” said John Cohen, an ABC News contributor and former acting Undersecretary of the Department of Homeland Security, “and if left to continue, we’ll certainly exacerbate the public health crisis we’re facing.”

“There’s a very real possibility,” he added, “that those state and local governments that have the most critical need won’t get the equipment they need.”

Competition among state, local governments creates bidding war for medical equipment (ABC News)

Yet neoliberals always tell us how important “competition” is in every arena of life.

Failure, failure, failure! Everywhere we look, we see failure. Pervasive, systematic failure. Resources going unused. Surpluses of food being dumped even while people go hungry and line up at food banks. Workers with necessary skills sitting at home, twiddling their thumbs. Other workers unable to even earn a living to support themselves and their families, no matter how badly they want to work. Masks and protective equipment NOT going to where they are most needed, their costs inflating, befitting no one except profiteers even as people die.

Tell me again about how the market is “efficient” at distributing resources. Tell me again about how central planning inevitably results in wasted resources, surfeits and shortages.

And here is the big, bold, underscored point:

The free-marketeers want to trumpet the market’s successes, but they don’t want to own its failures.

Free-market boosters always want to talk about the wonderful benefits of markets. How they allow multiple people to coordinate their activities across wide variations of space and time. How they allow knowledge to be distributed among many different actors. How they favor tacit knowledge that a single entity could not possess. Libraries of encomiums have been written celebrating the virtues of the “free” market. You know their names: The Provisioning of Paris, Economics in One Lesson, Free to Choose, I Pencil, and all of that. Much of what passes for economic “science” is simply cheerleading for markets– the bigger, freer and less-regulated the better.

Okay, fair enough.

But how about market failures? Why don’t they ever talk about that? Because if you read the economics books I cited above, you would come away with the idea that there are no market failures! That, in fact, there is no such thing. That markets, in effect, cannot fail!

If you want to own the successes, you need to own the failures.

Oh, they love, love, love to talk about central planning’s “failures”. They can’t get enough of that. They love to talk about empty shelves in the Soviet Union, long lines at supermarkets, the lack of toilet paper in Venezuela (amusingly, now a problem throughout the capitalist world), and the allegedly long waiting times in “socialized medicine” countries. We are constantly subjected to that drumbeat day after day after day. It’s part of every economics 101 course. Central planning doesn’t work. Central planning is inefficient. Central planning is “tyranny.”

But what about all that stuff I cited above?

Where are all the free-market fundamentalists now?

What is their excuse?

They’ll use special pleading. They’ll argue that it’s exceptional circumstances. That no one could have foreseen a “black swan” event like the global Covid-19 pandemic (despite numerous experts warning about it for years). They’ll tell us that markets work just fine under “normal” circumstances. They’ll say we cannot pass any kind of judgement on the failings of markets during such an unusual event.

Here’s why that argument is bullshit:

Pandemics are a real, and recurring phenomenon in human history. We’ve been incredibly fortunate that we’ve been in rare and atypical hundred-year period from 1918-1919 to today without a global pandemic or novel disease we couldn’t quickly contain and/or eradicate.

But pandemics are always—and always have always been—a societal threat, even if we’ve forgotten that fact. And the experts tell us that there will be a lot more of them in our future, with population overshoot, environmental destruction, encroachment on formerly unoccupied lands and climate change proceeding apace. What that means is this:

If your economic system can’t function properly during a pandemic, then your economic system is shit.

If your economic system only works when conditions are ideal, in fact depends upon conditions being ideal, then, your economic system doesn’t really work at all. If something like a pandemic causes it to seize up and fail, then your economic system is poorly designed and doesn’t work very well. Not only do the free markets graphed on economists’ chalkboards not exist in anywhere the real world, they apparently rely on a blissful Eden-like Arcadia to function as intended—a situation any causal glance at human history tells us is highly unusual. Any disruption and they fall like dominoes. They are about as resilient as tissue paper.

And the stresses are only going to get worse in the years ahead, with climate change making some areas uninhabitably hot, while other places are submerged under rising sea levels. And that’s before we get to the typical natural disasters like volcanic eruptions, tsunamis and earthquakes. And there will be new novel plant diseases as well, unfolding against the increasing resistance of germs to antibiotics.

Will the free market fundamentalists and libertarian market cheerleaders acknowledge this???

Don’t hold your breath.

No, they will continue to lionize “private initiative” at every opportunity, while completely ignoring the stuff I opened this post with. They’ll sweep it under the rug or, more likely, simply handwave it away. They’ll continue to say that we need to scale back government regulation and interference and let the invisible hand sort it all out.

Because discipline of modern economics as practiced today is not a science. It may not even rise to the level of a pseudoscience. It’s PR for laissez-faire capitalism.

Of course, we’ve had market failures before. They occurred all throughout the nineteenth century and during Great Depression, for example. These are well-documented. But many of the things that came out of those bygone market failures to prevent or mitigate them have been systematically and deliberately dismantled over the past generation due to rise of neoliberalism.

And now we’re paying the price.

Karl Polanyi made an important distinction between markets and Market Society. Markets are where people come together to buy, sell, and exchange surplus goods. These have existed throughout history. They are tangential to society; embedded in something larger than it. Such markets can be shut down without causing an existential threat to civilization.

But Market Society is dependent upon impersonal forces of supply and demand and functioning markets for absolutely everything in the society, from jobs to food to health care. Everything is oriented around maximizing private profits, and not human needs. Markets failing to function adequately lead to unemployment, sickness, starvation and death. Shutting them down is an existential threat to civilization.

As Dmitry Orlov wrote in his best-known work, the Russians survived the collapse of the Soviet Union precisely because they didn’t rely on the Market.

Naturalizing markets in this way is an abdication of both causal and moral responsibility for famines, a way to avoid reality and the ethical consequences for people in a position to change things. Markets are not given; they are predicated on a host of laws and social conventions that can, if the need arises, be changed. It makes no sense for American farmers to destroy produce they can’t sell while food banks are struggling to keep up with demand. This kind of thinking is a way for powerful people to outsource ethical choices to the market, but the market has no conscience.

Famine Is a Choice (Slate)

Now, to be clear I’m not necessarily making an argument for or against central planning as opposed to markets. That’s a different discussion.

But my core point is simply this: you cannot discuss market successes without discussing market failures. To do so is intellectually dishonest, disingenuous, and not to mention incredibly dangerous and irresponsible. If economics were a real science, instead of just PR for capitalism, it would take a look at the things I described above, and figure out ways they could have been avoided, regardless of any preconceived ideology or assumptions about the “right” way to arrange a society, or assumptions about how things “should” work. It would seek out ways for society to become, in Nassim Taleb’s terminology, “antifragile.”

But don’t hold your breath for that, either.

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After the Crash

Dispatches From a Long Recovery (Est. 10/2024)

Tag Archives: Neoliberalism