Despite the fact that slavery has long been abolished it continues to blight our world, destroying the lives of tens of millions of people. The Global Slavery Index (GSI) 2018 estimates there to be 40.3 million slaves in the world; however, given the difficulty of collecting data, the areas that are not included – organ trafficking, child soldiers, or child marriage – and the fact that, as GSI says, there are ‘substantial gaps’ from the Arabs States, where 17.5 million migrants workers live, the actual number will no doubt be a great deal higher.
Of the 40.3 million total, 24.9 million people “were in forced labor and 15.4 people were living in a forced marriage.” Men, women and little children living inhuman lives, imprisoned, abused, crushed. Women and girls make up 71% of the total; a staggering one in four (10 million plus) are children.Read More »
“I’ve been rich and I’ve been poor. Believe me, rich is better.” This famous quote has always been true, but never as true as today. After decades of dominance by the right, here’s the 2019 version:
“I’ve been rich and I’ve been poor. Believe me, rich is insanely better.”
The insanity stems from tax policies. Marginal income tax rates plunged starting in the 1980s, hitting their modern-day lows under President George W. Bush. After rising modestly during the Obama Administration, they fell again under President Trump.Read More »
The story of how America became an empire is one where a group of ambitious and egotistical men rationalized implementing a governing model which would lead to massive death and suffering. Its main forerunner was Theodore Roosevelt, a narcissistic politician from an upper-class household who was determined to turn his childhood obsession with war into a foreign policy model which would make the United States into a conquering nation. He and the other political elites who supported the Spanish-American War and the subsequent rush to empire received support from William Randolph Hearst, the businessman who used his vast newspaper network to manufacture public opinion for war because war stories would help him sell papers better than the lurid gossip that he otherwise used to gain the public’s attention.
An undated photo of an illustration depicting the auction of slaves in the Rotunda of New Orleans, La. | AP
Four hundred years ago this month, the first enslaved people from Africa arrived in Virginia.
Slavery is often reduced to a crime of America’s long-ago past. But enslaved labor created the backbone for America’s capitalist economy, allowing it to grow into—and remain—the world’s leading economy today.
The effects of this reliance on unpaid African slave labor is still felt in America’s current racial wealth divide. Today, the racial wealth divide is greater than it was nearly four decades ago, and trends point to its continued widening.
Is the prospect of looming global recession merely an economic matter, to be discussed within the framework of the Great Financial Crisis of 2008 – which is to say, whether or not, the Central Bankers have wasted their available tools to manage it? Or, is there a wider pattern of geo-political markers that may be deduced ahead of its arrival?
In the phase of runaway “financialization”, American capitalists treat the economy, and the people who depend on it, as mere pieces in their own private game, a riggedgame in which they also control practically all the chips. This is a form of extreme “socialism for the rich,” with the big wins going to the top 0.0001% manipulatng the markets, while ordinary citizens absorb all the risk and certainly all the losses.
In 2019, the World Bank (WB) and the IMF will be 75 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the interests of the world’s populations.
The WB and the IMF have systematically made loans to States as a means of influencing their policies. Foreign indebtedness has been and continues to be used as an instrument for subordinating the borrowers. Since their creation, the IMF and the WB have violated international pacts on human rights and have no qualms about supporting dictatorships.Read More »