anticapitalist:

(that’s the coolest fucking picture ever)
Why Karl Marx was right

Roubini, whose predictions of the financial crash of 2008 earned him thenickname “Dr. Doom,”has referred his patients to a specialist in capitalist crisis: Dr. Karl Marx.
In an interview with the Wall Street Journal, Roubini said:

Karl Marx had it right. At some point, capitalism can destroy itself. You cannot keep on shifting income from labor to capital without having an excess capacity and a lack of aggregate demand. That’s what has happened. We thought that markets worked. They’re not working. The individual can be rational. The firm, to survive and thrive, can push labor costs more and more down, but labor costs are someone else’s income and consumption. That’s why it’s a self-destructive process.

For several hours on August 12, theJournalwebsite ran the video of the interview as a top story, under the headline, “Roubini: Marx was Right.”
Considering that the first edition of Marx’s three-volume masterwork Capital appeared in 1867, Roubini’s revelation isn’t exactly news to socialist opponents of capitalism. But given the intractable nature of the current crisis—a deep global recession, a weak recovery in the traditional core of the system in the U.S. and Europe, and now the possibility of a lurch into a second recession—mainstream, or bourgeois, economics has been exposed as ideologically driven and incapable of offering solutions.

Damn straight.

anticapitalist:

(that’s the coolest fucking picture ever)

Why Karl Marx was right

Roubini, whose predictions of the financial crash of 2008 earned him thenickname “Dr. Doom,”has referred his patients to a specialist in capitalist crisis: Dr. Karl Marx.

In an interview with the Wall Street Journal, Roubini said:

Karl Marx had it right. At some point, capitalism can destroy itself. You cannot keep on shifting income from labor to capital without having an excess capacity and a lack of aggregate demand. That’s what has happened. We thought that markets worked. They’re not working. The individual can be rational. The firm, to survive and thrive, can push labor costs more and more down, but labor costs are someone else’s income and consumption. That’s why it’s a self-destructive process.

For several hours on August 12, theJournalwebsite ran the video of the interview as a top story, under the headline, “Roubini: Marx was Right.”

Considering that the first edition of Marx’s three-volume masterwork Capital appeared in 1867, Roubini’s revelation isn’t exactly news to socialist opponents of capitalism. But given the intractable nature of the current crisis—a deep global recession, a weak recovery in the traditional core of the system in the U.S. and Europe, and now the possibility of a lurch into a second recession—mainstream, or bourgeois, economics has been exposed as ideologically driven and incapable of offering solutions.

Damn straight.

stfuconservatives:

acmesalesrep:

(Americans Against the Tea Party; h/t to @CEs_Mustache)

Simple and easy to understand. Well done.*
*(minus the “insanity” part, nitpicking but it’s technically ableism)

stfuconservatives:

acmesalesrep:

(Americans Against the Tea Party; h/t to @CEs_Mustache)

Simple and easy to understand. Well done.*

*(minus the “insanity” part, nitpicking but it’s technically ableism)

(via stfuconservatives)

brandomason:

This clears things right up!

Buy out the fed. Poof, outstanding balance is deleted. Love it.
This is good stuff here, makes the numbers easy to interpret. We need to get rid of every corrupt politician and get some people in office that want what’s best for the country, short-term and long-term, not just their next election.

brandomason:

This clears things right up!

Buy out the fed. Poof, outstanding balance is deleted. Love it.

This is good stuff here, makes the numbers easy to interpret. We need to get rid of every corrupt politician and get some people in office that want what’s best for the country, short-term and long-term, not just their next election.

anglophonicblog:

Red State Socialism.

anglophonicblog:

Red State Socialism.

(via stfuconservatives)

  • the world: hey man we've got some really serious problems like global warming and mass economic failure and riots and genocide and aids and cancer and your healthcare system is shit so maybe we should get to work
  • US government: sit down I have to stop people from sharing things online
  • US government: also pizza is vegetables
cadenced:

The British Cycling Economy. Infographic that accompanied Sky and British Cycling’s report into the contribution cycling makes to the country’s economy. Thanks to the Headset Press for the heads up.

cadenced:

The British Cycling Economy. Infographic that accompanied Sky and British Cycling’s report into the contribution cycling makes to the country’s economy. Thanks to the Headset Press for the heads up.

(via fabbricadellabici)