capitalism

by Wayne Price

How Capitalism has created an Ecological, Energy, and Economic Crisis

The post-WWII boom was based on cheap oil. But oil is nonrenewable, polluting, and causes global warming. It was "cheap" because the capitalists did not pay to prepare for the day when it would be harder to access oil. We have reached that day, which is one aspect of the worldwide crisis of the return to the epoch of capitalist decay.

The subprime mortgage crisis that erupted in the United States has transformed into a global financial crisis. This crisis, which is being spun as a simple recession, is in fact one of the most serious crises since the 1929 Great Depression. As such, capitalism, on the brink of bankruptcy, has called on the State for help and is demanding that workers pay for the crisis by having their income reduced. As we can see by the rising numbers of unemployment and households struggling to survive, no one is left unharmed.

Numerous experts and economists have intervened to offer solutions that would, they hope, rehabilitate capitalism. They argue that the causes of this disaster are outside or foreign to capitalism. We do not agree. Let's be clear and identify what we believe are the true reasons behind this crisis that affects us all.

by Abbey Volcano

Michael Moore’s latest documentary is a critique of capitalism- in mainstream theaters- pretty big deal. “Capitalism: A Love Story” starts off comparing the US to the Roman Empire- a fairly easy task. In addition to other commentary, the documentary seems to be focused on the anti-capitalist stance of various Catholic priests, the consequences of the housing crisis, corporate bailouts and, finally, some alternatives in the form of worker-run workplaces.