THOUGHT FOR THE DAY!

"Imperialism today is taking place in the context of...the 'universalization' of capitalism. It is not now primarily a matter of territorial conquest or direct military or colonial control. It is not now a matter of capitalist powers invading non-capitalist powers in order to bleed them dry directly and by brute force. Now it is more a matter of ensuring that the forces of the capitalist market prevail in every corner of the world (even if this means marginalizing and impoverishing parts of it), and of manipulating those market forces to the advantage of the most powerful capitalist economies and the United States in particular." ... "Military force is still central to the imperialist project, in some ways more than ever."-- Political scientist Ellen Meiksins-Wood, Z magazine Nov 1999, p26

 

HAPPY 'KICK OUT THE GOVERNMENT' DAY!!!

 

Birmingham on the brink (of bankruptcy)

With $3.2 billion in debt, the county that is home to Alabama's largest city is about to go bust. How the credit crisis went South.

Webmaster's Commentary: 

Please stop calling it a credit crisis. The problem is not a lack of credit, it is the sabotage of the earning ability of Americans.

Every economy rests on the ability of their working class to pay their bills. When you take away high paying jobs, which the US Government did, and force workers to take lower-paying jobs just to survive, then you have a problem, because everything that rests on revenue flow from the workers starts to suffer shortfalls.

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Posted on Oct 16, 2008 at 06:56
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