Reading
Week-end Wrap – Political Economy – February 26, 2023
by Tony Wikrent
War
How The U.S. (And UK) Sabotaged Peace In Ukraine
[Moon of Alabama, via Naked Capitalism 2-23-2023]
Corruption watch. (h/t Naked Capitalism)
Glenn GreenwaldNew SBF Indictment Exposes How Washington Really Works. Plus, Investigative Reporter Lee Fang In-Studio!
Eschaton
Everything Is Corrupt
AntiWar
White House Believed ‘Economic Nuclear Weapon’ Would End Russian War in Ukraine
The trajectory of mainstream economics can be understood in terms of how the discipline historically responded to moments of crises by attempting to “theoretically fix” the understandings related to five core “questions” of capitalist political economy – namely land, trade, labour, state, and legal-institutional framework. This involved legitimising improvements in land that led to the dispossession and the destruction of the commons, justifying free trade based on comparative advantage as opposed to mercantilist state intervention, reducing labour to a factor of production that was supposedly rewarded based on its marginal productivity and hence not being exploited, legitimising state intervention to stabilise capitalism and developing a legal-institutional framework to protect markets from popular democratic pressures. These “theoretical fixes” served to ideologically legitimise, preserve, and perpetuate the core content of capitalist social relations even as it corresponded with the modification of the surface-level appearances of capitalism.
On 26 February 1970, scores of Trinidadians, mostly trade unionists and students, took to the streets across the country, and slogans of ‘Power to the People’ reverberated through the crowds. Fists were outstretched in a gesture which had become the worldwide symbol of a radical phenomenon sweeping the globe: ‘Black Power!’ was the protestors’ cry. […]
On the 1st of February, 500,000 workers went on strike in the UK’s biggest day of industrial action in more than a decade. Teachers, university staff, train drivers, bus drivers and civil servants stood side-by-side to protect each other from low pay and defend the public services upon which we all rely. The wave of […]
Carlson’s job is to make money for Fox, not tell the truth.
The post Tucker Carlson Deserves a Raise for His Shameless Lies appeared first on The Intercept.
