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Sanjay Perera |The economy of violence: Waste, expenditure and surplus

As we have seen there has largely been the channeling and misuse of energy and resources in economies that could have been used to generate abundance, but are used instead for production that involves unconscionable waste of resources and life forms. There is a framework of duality and polarity in which one group extracts from another mercilessly. The extraction of resources from the planet and all life forms results in an inordinate accumulation and hoarding of resources and wealth that is redistributed primarily amongst those who already have plenty.

Chris Hedges and Michael Hudson: The Global Economy Is a Giant Ponzi Scheme

We should add that under this predatory form of economics, you game the system. So you privatize pension funds, you force them into the stock market, an overinflated stock market. But because of the way companies go public, it’s the hedge fund managers who profit. And it’s those citizens whose retirement savings are tied to the stock market who lose.

Chris Hedges: Karl Marx Was Right

On Saturday at the Left Forum in New York City, Chris Hedges joined professors Richard Wolff and Gail Dines to discuss why Karl Marx is essential at a time when global capitalism is collapsing. These are the remarks Hedges made to open the discussion. By Chris Hedges  truthdig.com  May 31, 2015     A bust More

Why Are So Many Americans So Crazy?

 The idea is very simple, classic really. The system is in crisis, social inequality is widening and hardening, so stimulating paranoia and racism is a simple and effective way of keeping people from thinking about things like taxing the rich in order to get good public schools, affordable health care and other such Bolshevik twaddle. More

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