Browsing All Posts filed under »Capitalism«

Detroit Symphony Orchestra Strike

March 11, 2011

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DSO musicians are now starting the sixth month of a strike that began October 4. The walkout was provoked by management’s massive concession demands, including a more than 30 percent pay cut, cuts in health and pension benefits and drastic changes in working conditions. Last month, Detroit Symphony musicians unanimously rejected a “final offer” presented […]

Nailing Tory Lies

January 7, 2011

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Ed Miliband has come out fighting in today’s Times arguing that “a great deceit designed to damage Labour has led to profoundly misguided and dangerous economic decisions”. The truth is uncomfortable for the Government. Ed Miliband writes (£): “What is this deceit? It is that the deficit was caused by chronic overspending rather than a […]

Capitalism And The Importance of Lying

December 27, 2010

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The experience of Wikileaks has shown what has long since been known, but rarely discussed. Capitalism depends upon systematic lying. Over recent weeks we have had a succession of politicians and State bureaucrats from all the Capitalist states appear on TV, and tell us how terrible it is that their duplicity has been exposed. Of […]

USA: Is the College Debt Bubble Ready to Explode?

December 11, 2010

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Over the last decade, private lenders, abetted by college financial aid offices, eagerly handed young people hundreds of thousands of dollars to earn bachelor’s degrees. As a result of easy credit, declining grants and soaring tuitions, more than two-thirds of students graduated with debt in 2008 — up from 45 percent in 1993. The average debt […]

‘Are they really as stupid as they seem?’

November 30, 2010

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There are a surprising lack of convincing explanations as to why the capitalist class is pushing through the present unprecedented austerity drive – even at the risk of provoking both mass opposition and a double-dip recession. The following excerpts, from Hillel Ticktin’s recent articles in Critique, do offer an interesting partial explanation: Read more at: […]