The Most Revolutionary Act

Uncensored Updates on World Events, Economics, the Environment and Medicine

Grassroots Organizing: 1930s Style

| September 1, 2010

The mainstream media makes out like the economic collapse is just something that happened to us. Some greedy banksters gambled with trillions of dollars of our money and in the process, also committed embezzlement, fraud and theft. Now the money is gone, and we just have to live with it. Millions of Americans lose their […]

Is Capitalism Doomed? – Part V

| August 23, 2010

Contemporary Solutions In The ABCs of the Economic Crisis, contemporary Marxists Magdoff and Yates also express the view that capitalism is on its last legs. They, like Strachey, propose “socialism” as the solution to a failed capitalist system. However they are even less prescriptive than he is as to what this should look like and […]

Is Capitalism Doomed? – Part IV

| August 21, 2010

Implications for the Future In general, Marxists believe the economic laws that govern capitalism make it inherently flawed – dooming it to eventual failure. They also see a grave risk that the collapse of capitalism will bring down civilization with it. Which is why they argue for workers to hasten its demise and prepare to […]

Is Capitalism Doomed? – Part III

| August 18, 2010

Fascism In The Coming Struggle for Power, Strachey also writes about the important role of fascism associated with end stage capitalism. He explains how declining profits and growth will result in reduced wages, poorer working conditions and a claw back of social welfare benefits enacted during more productive periods. This, in turn, leads to more […]

Is Capitalism Doomed? – Part II

| August 16, 2010

Why Capitalism Didn’t Fold in 1933 Stagnation Theory In 1966 Paul Sweezy, founding editor of the Monthly Review, and economist Paul Baran first set out what they describe as “stagnation theory” in their book Monopoly Capital. In later writings, Swezey describes how the massive “financialization” of the US economy, which started in the 1970s, served […]

Is Capitalism Doomed? – Part I

| August 14, 2010

The long taboo topic of the end of capitalism seems to be in fashion recently – a consequence of the deepening economic crisis that shows no signs of going away. In fact there’s even a website now www.endofcapitalism.com. I distinctly recall talk of the federal government “nationalizing” Wall Street when the major banks came to […]

The “D” Word

| July 15, 2010

The “D” Word I am in the process of launching a new 12 step program (along the lines of Alcoholics Anonymous) called Deflation Anonymous. The aim of the program is to help Wall Street analysts and mainstream journalists overcome their terror of the word “deflation” – and their denial that the US economy has entered […]

Clinical Depression: More Than Chemical Imbalance?

| May 12, 2010

*** *** Clinical Depression: More than Chemical Imbalance The incidence of both acute and chronic depression has been steadily increasing for as long as I have been a psychiatrist (32 years). With the recent economic downturn (and associated unemployment, bankruptcies, foreclosures and homelessness) clinical depression and – tragically – suicide are reaching epidemic proportions. Big […]

The US vs China: the Race to Make Composite Carbon Fiber Cars

| May 11, 2010

My initial reaction to Winning the Oil Endgame (reviewed in a prior blog) was wild enthusiasm. Here at last was a practical blue print for cheaply and painlessly ending our reliance on foreign oil with existing technology. The elegance of author Amory Lovins’ proposal is that it simultaneously ends our need for military domination (and […]

The Norwegian Experiment

| April 21, 2010

Not surprisingly there was considerable backlash against Norway’s 2003 law mandating that women make up 40 percent of corporate boards (see April 19 blog “Addressing Corporate Fraud: Norway’s 40% Solution”). The most common objection was that there were insufficient qualified women in Norway. In fact one male executive complained that boards would have to recruit […]