Daily News Digest May 17, 2021

Daily News Digest Archives

Images Of the Day:

Another Example Capitalism as a Failed System: World Capilalism Was Aware of the Danger of Cornovavirus Threat Over 5 Years Ago and Did Nothing!:  Under Capitalism — Human Lives Don’t Matter  Capitalism Does Not, and Never Has, Worked for the Masses! In Its Death Agony, Capitalism Is Traveling About The World Like The Four Horsemen of the The Apocalypse, Spreading  Racism,  War, Famine, Pestilence, and Death. The future of Humanity Is Now At stake!Since World War I, ‘the war to end all wars’, there have been perpetual wars for perpetual peace, this Laura Gray’s cartoon from the front page of The Militant August 18, 1945, Under the Banner Headline: “There Is No Peace”During This Economic Crisis, Capitalism’s Three-Point Political Program: 1.Austerity,2. Scapegoat Blacks, Minorities, and ‘Illegal’ Immigrants for Unemployment, and 3.  The Iron Heel!    For Decades, Blacks Have Been Subjected to The Iron Heel!   Currently, the US Capitalist Class is Divided Over When — Not If, to Apply It to Everyone!

Due to Years of Austerity, Cuts to Public Health Care, And An Anti-Science and Profiteering President, The United States Now Leads the World In  Coronavirus Cases and Deaths in the World!

Always Remember:  That President Obama, With a Majority Democrat Legislature Supported the Wall Street Bailout and Remember, That he Established, in writing,  the United States Capitalist Austerity Program. —  The Race to the Bottom/Pauperization of the 99%!

Democracy?: As the Capitalist Robber Barons Steal from the 99%,  Only the 1% Voted For Austerity!   The 99% Should Decide On Austerity — Not Just The 1% Who, Profit From Austerity!!  Under Austerity, All of the World Will Eventually Be Pauperized, Humbled, and Desecrated Like Greece and Puerto Rico.!   Socialism Means True Democracy, that the 99% Will Rule, Not the Few!

Quotes 0f the Day:

Videos of the Day:

United States:

Environment:

Civil Rights/Black Liberation:

Labor:

Economy:

For mainstream economists, profit simply does not matter. But even among the left-wing Keynesians, profit hardly appears. For them it is all about ‘demand’, about ‘speculation’ or about ‘financialisation’. These things all play a major role, but profit is the key category for understanding the capitalist process of production and accumulation. And it is important to put it in relation to a company’s investments: the rate of profit is the key to understanding how healthy an economy is. And profitability has tended to fall over the last 50 years, not linearly, but in a wave-like movement.      The high profits of tech companies such as Amazon, Apple or Alphabet are hiding the problem of profitability across the whole capitalist economy.     There are a lot of unprofitable zombie companies and for most profit rates have fallen. We need to look at how this has affected investment. This is the central aspect that Marxian economic criticism can bring to the debate on the world economy.    Empirical evidence supports Marx’s law of the tendency to fall in the rate of profit. There are the counteracting factors to this law, but the law is the dominant factor. As far as we can measure the data, they suggest that there is a long-term trend towards falling rates of profit in the major economies. Every eight to ten years, capitalism plunges into crisis. We must continue to learn why these crises take place and what the political consequences.  — Michael Roberts, Some Notes On The World Economy Now

World:

Education, Health, Science, and Welfare:

The government of the United States can pass laws in a few days to spend tens of trillions of dollars for war and the bailout of Wall Street and the bankers. Yet, those who pass universal healthcare for themselves, but cannot spend even one trillion dollars for universal health for those who are ‘governed’! This is what is considered, by the powers to be,  a democracy and part of the democratic way. — Roland Sheppard, Let the People  Vote on Healthcare 

Carlos Latuff:

 Pipeline Politics: From Afghanistan to Gaza

Biden Defends Israel Evictions/Genocide: Biden Claims Israeli Attack on Gaza Is Not an ‘Overreaction’ as Onslaught Intensifies, Death Toll Mounts “With its unconditional financial, military, and diplomatic support of the Israeli apartheid regime, the U.S. bears responsibility for the everyday violence of Israeli oppression.” U.S. President Joe Biden said Thursday that he doesn’t believe Israel’s onslaught against the besieged Gaza Strip this week has been a “significant overreaction,” remarks that came shortly before the Israeli military escalated its assault on the densely populated territory with air and artillery attacks involving nearly 200 war planes, tanks, and brigades of ground troops. Biden is facing growing calls from U.S. lawmakers to speak out forcefully against Israel’s bombardment of residential buildings and killing of children with airstrikes, but the U.S. president has thus far refused to heed such demands, issuing broad statements stressing his “unwavering” support for Israel’s right to self-defense as the Palestinian death toll continues to climb. By Jake Johnson

‘Nothing Is More Beautiful Than Solidarity’: Hundreds Mobilize to Stop Arrest of Immigrant Neighbors in Glasgow “This is what we need to be prepared to do again and again as the Tories bring in their new immigration proposals and demonize asylum seekers and refugees,” said MP Kim Johnson. Progressive lawmakers and immigrant rights advocates in the United Kingdom on Thursday into Friday applauded an impromptu show of solidarity in Glasgow, Scotland which forced immigration enforcement agents to release two men after they attempted to detain them in a dawn raid during Eid al-Fitr. By Julia Conley