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Global Warming, (Wildfires, Floods, Droughts etc..), Global Pauperization, Global Hunger, and the Covid Pandemic are symptoms of Capitalism in Its Death Agony!
Over a Hundred Years Ago. Rosa Luxemburg Raised the Slogan: Socialism or Barbarism! The Slogan for 2021 is Ecosocialism or Ecocide!!!!
Images of the Day:
Every Other
America Is BackAnother Example of 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!
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”
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 of the Day:
United States:
The United States is not a Democracy (A government in which the supreme power is vested in the people and exercised by them directly)! Only the 1%, through. their ownership of the Reublicrats, who profit from war and the war budget, voted for War and the war budget — A policy, which Gore Vidal called a Perpetual War for Perpetual Peace. — The 99% Should Decide On War — Not Just The 1% Who Profit From War! Under a Democracy, The 99% would have the right to vote on the policy of Perpetual War for Perpetual Peace! Every ‘Tax. Reform’ From President Kennedy has Been an incrase in taxes from the Poor,the Woking Class, and the Middle Class, to the Rich! —The United States takes from the poor and gives to the Rich. Tax the Rich! — They Can Afford To Pay!
The Myth of a New “Cold War” Between the U.S. and China/Russia The corporate media has characterized the AUKUS deal as new evidence of a U.S. “pivot to Asia,” and a new Cold War against China, if not a U.S. abandonment of NATO and a tilt to deepened economic and military relations with Boris Johnson’s UK, whose Brexit the U.S. supported while the main NATO nations, Germany, and France, especially, opposed it. Behind the hoopla about a “new Cold War” however, is the unrelenting economic competition between the leading world capitalist-imperialist nations marked especially by the two major contenders, the declining and still leading U.S. imperialism and the rising imperialist giant, China. The former has military hegemony, with U.S. bases around the world aimed and maintaining and advancing U.S. imperial interests. The monopolized U.S. military-industrial complex also guarantees super profits. War is always good for, indeed necessary for, capitalist profits! China has but a single military base outside its borders, but its ever-modernizing industrial and financial capacities, including its Belt and Road infrastructure initiative and its founding of the Shanghai Cooperation Organization (SCO), in 2001, bitterly opposed by the U.S., make Chinese capital more attractive to poor nations previously unable to secure loans at rates less than U.S.-dominated financial institutions.
Public Health Advocates Target Top Biden Aide, Moderna CEO in Protest Demanding Vaccine Equity “Without real bold leadership… we risk being caught in this pandemic loop, constantly battling new variants coming from regions without the vaccine. The only way out of this pandemic is by vaccinating the world.”And there were some papers that continued to confirm Marx’s monetary theory, namely that interest rates are not determined by some ‘natural rate of interest’ from the supply and demand of savings (as the Austrians argue) or by liquidity preference ie hoarding of money (as the Keynesians claim), but are limited and driven by movements in the profitability of capital and thus the demand for investment funds. Nikos Stravelakis offered a paper, A Reconciliation of Marx’s Theory of Interest and the Risk Premium Puzzle that showed corporate net profits are positively related to bank deposits and net to gross profits are positively related to the loan deposit ratio and that 60% of the variations in the interest rates can be explained by changes in the rate of profit. And Karl Beitel showed the close connection between the long-term movement of profitability in the major economies in the last 100 years (falling) and the rate of interest on long-term bonds (falling). This suggests that there is a maximum level of interest rates, as Marx argued, determined by the rate of profit on productive capital, because interest comes only from surplus value.
Corporate Baby Killers!: Congressional Report on Toxic Metals in Baby Food Spurs Demand for FDA Action “This is what happens when you let the food and chemical companies, not the FDA, decide whether our food is safe to eat.” A new congressional report released Wednesday revealing the baby food industry has failed to keep products with heavy metals off the shelves spurred calls for federal authorities to enact swift action and tough limits on toxin levels.
Environment: 
For the First Time, Most Americans Say Global Warming Is Currently Harming US More Americans than ever are worried about global warming, according to data that stretches back to 2008 from the Yale Program on Climate Change Communication (YPCCC) and George Mason University Center for Climate Change Communication. The increase is reflective of growing concern over the climate crisis as Americans experienced climate disaster after climate disaster this summer. The survey shows that, for the first time, a majority of Americans think that people in the U.S. are “being harmed right now” by global warming, with 55 percent of the 1,006 people surveyed responding as such. Furthermore, the amount of people who report being worried about global warming is at an all-time high, with 35 percent of respondents saying they’re “very worried” and 35 percent saying they’re “somewhat worried.” 
Civil Rights/ Black Liberation:
Labor:
Economy:
Finally, something that was not at IIPPE but adds yet more support for Marx’s law of the tendency of the profit rate to fall. In the book, World in Crisis, co-edited by Carchedi and me, lots of Marxist economists presented empirical evidence of the falling rate of profit on capital from many different countries. Now we can add yet another. In a new paper, Economic Growth and the Rate of Profit in Colombia 1967-2019, Alberto Carlos Duque from Colombia shows the same story as we have found elsewhere. The paper finds that the movement in the rate of profit is “in concordance with Marxian theory predictions, and affects positively the growth rate. And the GDP growth rate is affected by the profit rate and the accumulation rate is in an inverse relationship between these last variables.” — IIPPE 2021: Imperialism, China and financ
- August 2021 Money Supply Surged to New Highs, With “Basic M1” – Currency plus Demand Deposits – Up by a Record 96.1% from Its Pre-Pandemic Trough, Against the Previous July Record of 91.7%
- Annual Growth in the August Monetary Base and Components Also Hit New Record or Cycle Highs, Topping ShadowStats Estimates • September 2021 FOMC Held Existing Policies in Place
- Tapering Could Start in 2022, If “Progress” Towards Maximum Employment and Price Stability Goals Continues, Yet Current Economic Conditions Rapidly Are Deteriorating Anew
- FISCAL POLICY CRISES: Any Solid Developments in the Deepening U.S. Government Fiscal Crisis Will Be Covered Here in the SYSTEMIC RISK Section, as They Break
- Unfolding Circumstances Are Anything But Bullish for U.S. Stocks
Dallas Fed President Kaplan Was Making Bold, Market-Moving Statements to Media During 2020 Crisis; the Same Year He Traded Tens of Millions of Dollars in Stocks and S&P 500 Futures Last year, during the worst health crisis in more than a hundred years in the United States, Dallas Fed President Robert Kaplan was frequently throwing gasoline on the fire in broadcast and print media interviews. Also in 2020, Kaplan was trading in and out of S&P 500 futures, a sophisticated instrument used by hedge funds to time the market and/or short the market. The Dallas Fed will not say if Kaplan engaged in shorting the market during a national health crisis. (Shorting means to place a bearish bet that the market or a security will fall in value.) Kaplan gave a total of 68 interviews with the press in 2020, an eyebrow raising number for a man also trading S&P 500 futures.
World:
Germany: Era Of Stability Is Over Despite SPD’s Shaky Election Victory The results of the 20th German federal election on 26 September show a continuing process of polarisation in Germany. Public opinion has never been so volatile, voters have never been so undecided, and parliament has never been so fragmented. The bourgeois-democratic political system of Germany is in crisis, but no class-struggle alternative was to be found in this election.
Britain’s Petrol Crisis Reveals Capitalism is Running On Empty With petrol pumps across Britain running dry, and gridlock on the roads, the Tories are lurching from one crisis to another. The anarchy of the market is causing chaos to workers’ lives. All the ingredients are being prepared for a social explosion.
Health, Education, 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!
This one is very simple and straightforward, if a researcher took the money, the public owns the results. This means both findings from pre-clinical research, as well as results from clinical trials. And, these results mean not just summary data on trial outcomes, but anonymized data on individual participants, so that other researchers can freely examine the results and come to their own assessments. In this world, since all drugs would be available as generics from the day they are approved, no one would have any incentive to make false claims about the benefits of specific drugs. Doctors could be confident that the articles they are reading in medical journals are not biased by financial interests. Similarly, the FDA would not be facing pressure to approve drugs by someone with money on the line. Manufacturers of generic drugs make profits, but they have little stake in pushing one drug rather than another. Finally, drugs would be cheap. It’s very rare that a drug is expensive to manufacture and distribute. If all drugs were being sold as generics, we would likely be spending less than 20 percent of the $500 billion we now pay for drugs each year. The savings come to roughly $3,000 a year for every family in the country. Also, patients would not be in a situation where their finances prevented them from getting a drug that was needed for their health. — Sickening, Indeed: the Horrors of Big Pharma
Making Money Off of Pestilance and Death!: Network Of Right-Wing Health Care Providers is Making Millions Off Hydroxychloroquine and Ivermectin, Hacked Data Reveals The data also reveals that 72,000 people paid at least $6.7 million for Covid-19 consultations promoted by America’s Frontline Doctors and vaccine conspiracist Simone Gold A NETWORK OF health care providers pocketed millions of dollars selling hydroxychloroquine, ivermectin, and online consultations, according to hacked data provided to The Intercept. The data show that vast sums of money are being extracted from people concerned about or suffering from Covid-19 but resistant to vaccinations or other recommendations of public health authorities. America’s Frontline Doctors, a right-wing group founded last year to promote pro-Trump doctors during the coronavirus pandemic, is working in tandem with a small network of health care companies to sow distrust in the Covid-19 vaccine, dupe tens of thousands of people into seeking ineffective treatments for the disease, and then sell consultations and millions of dollars’ worth of those medications. The data indicate patients spent at least $15 million — and potentially much more — on consultations and medications combined
Videos of the Day:
Shadow Government Statistics Daily Update (September 29th to 30th) 
