Tag: Recession

  • Capitalism’s General Crisis is Back with a Vengeance

    Why are we experiencing a period  of such crisis in international relations in Britain, Europe, the Americas and across the world? So many responses to this question fail to locate it in what the international communist movement has long called the “general crisis of capitalism.” At its base, capitalism cannot resolve the cyclical and structural […]

  • Cannabis and the Closure of Agnes J. Johnson Charter School

    Cannabis and the Closure of Agnes J. Johnson Charter School

    Privately-operated charter schools fail and close every week. The top four reasons include declining enrollment, mismanagement, financial malfeasance, and poor academic performance. Such closures are usually sudden, abrupt, and take place mid-year, leaving many parents, students, teachers, and principals stunned and stressed about what to do next. Currently, 69 students are enrolled in the K-12 […]

  • Is Capitalism Reaching the End of the Road?

    Capitalism is fast becoming so unpopular that the money-grubbing old autocrat in the White House wants to protect it by promising to investigate and prosecute anyone who speaks against it. Free speech be damned. But Milton Friedman said Capitalism and Freedom go together.  So, we will use some of that fast-disappearing freedom to comment on the […]

  • Pandering to the Taxpayers

    In every presidential election, office seekers elbow each other to position themselves as favoring tax breaks for the electorate. Kamala Harris raced in quickly with proposals for a tax break for the middle class and a tax deduction of up to $50,000 for new small businesses ─ two debt producing polices. To her credit, the […]

  • The Washington Post Bashes Xi Jinping

    In the age of disinformation and artificial information, Jeff Bezos’ Washington Post (WaPo) manages to have some credibility. After its February 22 editorial, “Mr. Xi is tanking China’s economy,” Jeff Bezos would be wise to sell the newspaper. If those who lead the Editorial Board make childish mistakes and recite obvious falsehoods, can anyone believe […]

  • The IMF’s Neocolonial Grip on Pakistan Is the Same as Its Grip on the Third World

    The IMF’s Neocolonial Grip on Pakistan Is the Same as Its Grip on the Third World

    Pakistan has made international headlines repeatedly over the last year for almost all the wrong reasons. While the country has been associated with extremism and terrorism for over two decades, more recently Pakistan has become known for natural disasters and political upheavals. Among the issues that deserve serious scrutiny – but gets little to no […]

  • Fitch Downgrades US Debt Rating

    On Tuesday, Fitch Ratings, one of the leading three US credit rating agencies, announced: US’ long-term foreign-currency issuer defaulting rating would be downgraded. Among other factors pushing this downgrading, Fitch cited issues with governance, rising deficits and a looming recession. Fitch, on an earlier occasion, put the US on watch for a potential downgrade. At […]

  • The True Meaning of Debt

    In debating the validity of raising the debt limit, the United States Congress has not carefully analyzed the reasons for government debt and the meaning of all debt. The true meaning of debt has the modern capitalist system as a debt-driven system. All new money supply is debt and the money supply is the energy […]

  • The End of an Era

    Why do the International Monetary Fund (IMF), the World Trade Organization (WTO) and the World Bank– three of the most highly regarded international economic organizations-project a bleak road ahead for the global economy? Ominously, the World Bank warns of the possibility of a coming “lost decade” for economic growth. In January of this year, the […]

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