The 1% And Capitalism | by Shamus Cooke

By definition, capitalism is: An economic system based on private ownership of the means of production (industry, banks, technology), where through the process of market competition, production occurs for private profit — if something cannot be sold for a profit it is...
G20 : the Symbol of a System Failure | by Eric Toussaint

G20 : the Symbol of a System Failure | by Eric Toussaint

The G20 is no more legitimate than its progenitor the G7 (Canada, France, Germany, Italy, Japan, UK and USA). It was launched by the industrialized countries three years ago when they were beginning to feel the effects of the biggest economic crisis since the 1930’s....

The need to understand history

“History, despite its wrenching pain, cannot be unlived. But if faced with courage, need not be lived again.” So wrote the American author Maya Angelou. A fellow writer, James Baldwin also noted: “Not everything that is faced can be changed, but nothing can be changed...