capitalism

The Occupy movement, which started as a protest against Wall Street, but ballooned across the US and internationally in 2011, adopted the slogan “We are the 99%” to symbolise the struggle for a better world against the greed of “the 1%”. Some people at the time thought it was an exaggeration to talk about the 1% versus the 99%, but according to Oxfam, since 2015, that richest 1% has owned more wealth than the rest of the planet combined.

The existence of drug markets — and the struggles around them — raise a number of important sociopolitical and structural issues for analysis.

The expansion of markets for psychoactive substances was a strategic initiative by European companies in the development of capitalism, slavery and imperialism. Initially there were no illicit markets but the licit industries included the critical sugar (and rum) industry in Haiti, Jamaica, Colombia and other countries and the tobacco industry in the US South.

Dickensian children in factories and coal mines; Karl Marx debunks Capitalism; revolutions and war grip Europe; and inequality casts a gloomy smog over Europe. Ships depart with slaves, convicts and political dissidents bound for the New Worlds, of which Australia is one.

It is the 19th century, the century of capital — a time that will dialectically reverberate shockwaves towards the greatest revolutions, the greatest economic collapse and the greatest bombs.

Canadian author and activist Naomi Klein accepted the 2016 Sydney Peace Prize on November 11, delivering a searing speech that reflected on Donald Trump's presidential victory in the United States and the factors that allowed it to happen.

Economist and author of Capital in the 21st Century Thomas Piketty gave a lecture entitled “Is Increasing Inequality Inevitable?” to a full house at the Sydney Opera House Concert Hall on October 23.

Piketty presented detailed research on growing income inequality compiled by a number of scholars and sourced directly from national taxation and income statistics from primarily advanced capitalist countries, as well as some statistics from a number of the BRICS countries (Brazil, Russia, India, China and South Africa).

Ultimately, the only way to ensure a secure future for jobs is to replace the whole capitalist system with one in which human need is prioritised above corporate profits.

"WOW. This is something you don't often see. Goldman Sachs says it may have to question capitalism itself." So went the tweet from Bloomberg TV correspondent Joseph Weisenthal.

I wondered what could possibly cause one of the world’s largest investment banks, a company that is heavily invested in capitalism (both literally and figuratively) to “question capitalism itself”? Why isn't this bigger news?

Whether or not it is true, the internet has decided that British Prime Minister David Cameron probably put his private parts into the mouth of a dead pig when he was at Oxford.

The allegations have been made by extremely well-connected Establishment figures, former Conservative Party Deputy Chairman Lord Michael Ashcroft and former Sunday Times political editor Isabel Oakeshott, and is published in the Daily Mail. This is the highest possible tier of character assassination in British politics.

Seventy years ago this month, the US committed two of the worst terrorist attacks in human history. The incineration of the Japanese cities of Hiroshima and Nagasaki by atomic bombs represented the bloody climax of World War II. The nation that committed this heinous crime soon itself came to be the only remaining capitalist superpower.

Hip Hop, White Supremacy & Capitalism: Why Corporations Infiltrated RAP Music
Solomon Comissiong
Released November 2013
www.solomoncomissiong.com

The politics in early hip-hop music inspired Solomon Comissiong to become an activist, author, lecturer and film-maker. Green Left Weekly's Mat Ward spoke to him about his work, which uses rap music as a tool to educate and organise.

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