European countries, as well as the United States, continue to be imperiled by an economic crisis following the imposition of sanctions on Russia. The policy has backfired spectacularly and has had worse economic ramifications on those levying the sanctions, than those being sanctioned. In this week’s episode, Lowkey speaks to respected U.S. economist Dr. Richard Wolff, discussing the links between the war in Ukraine, inflation, and the class war at home.
Before exploring the people’s definition of inflation, Dr. Wolff contextualizes the economic crisis currently unfolding across the West.
If you feel like your union needs a jump-start—whether you’re a longtime shop steward or just started your first union job—this book is for you.
The impulse you have (“This union could be stronger and better, and I want to help change it”) makes you part of a long tradition—what we at Labor Notes affectionately call the trouble-making wing of the labor movement.
One basic principle unites us troublemakers. We believe democracy, meaning broad member participation at every level of the union, is the heart of union power.
In their ongoing economic war on Russia, the United States and its allies propose a price cap on Russian oil exports. The oil price cap idea promoted by US Treasury Secretary Janet Yellen suggests that oil-consuming nations organize into a buyer’s cartel to limit Russia’s revenues from oil exports. This proposal follows previous measures against Russia, which have not dented its economy to the extent that it would be induced to change its posture (as the US and its allies desire) concerning the conflict in Ukraine.
Instead, the direct restrictions placed on Russian exports, principally of primary commodities such as oil and natural gas, have increased their world prices. They are so high that Russia’s export earnings have increased even if the volumes of some export have declined.
A new ultraconservative supermajority on the United States’ top court is undermining science’s role in informing public policy. Scholars fear the results could be disastrous for public health, justice and democracy itself.
[JoP Editorial Note: In commemoration of the great revolutionary Mao Tse-tung’s 46th death anniversary on 9 September, we reproduce this valuable piece on imperialism.]
The United States is flaunting the anti-communist banner everywhere in order to perpetrate aggression against other countries
The United States owes debts everywhere. It owes debts not only to the countries of Latin America, Asia and Africa, but also to the countries of Europe and Oceania. The whole world, Britain included dislikes the United States. The masses of the people dislike it. Japan dislikes the United States because it oppresses her. None of the countries in the East is free from U.S. aggression. The United States has invaded our Taiwan Province. Japan, Korea, the Philippines, Vietnam and Pakistan all suffer from U.S. aggression, although some of them are allies of the United States. The people are dissatisfied and in some countries so are the authorities.
All oppressed nations want independence.
Everything is subject to change. The big decadent forces will give way to the small new-born forces. The small forces will change into big forces because the majority of the people demand this change. The U.S. imperialist forces will change from big to small because the American people, too, are dissatisfied with their government.
In my own lifetime I myself have witnessed such changes. Some of us present were born in the Ching Dynasty and others after the 1911 Revolution.
Way back in 1966 when I received an invitation to join the Indian Delegation to Cuba for participating in the first ever Tri-Continental Conference involving only those countries from Latin America, Africa and Asia, I was delighted and agreed immediately. It was a 14-member group under the leadership of Aruna Asaf Ali and endorsed by the Government of India.
More than 1500 delegates were accommodated in the majestic Hotel Havana Libre for two weeks and after the 10-day events we were all given a country-wide tour for two weeks which was indeed very educative and forward-looking for building better human solidarity and world peace. Two specific events can never be erased from my mind.
Political developments in countries show character of politics in those countries. The following reports are from the United States.
Biden on MAGA supporters & democracy
U.S. President Joe Biden has again condemned the large chunk of the American population that supports his predecessor, Donald Trump, saying “MAGA forces” are an existential threat to democracy and must be defeated.
“MAGA forces are determined to take this country backwards, backwards to an America where there is no right to choose, no right to privacy, no right to contraception, no right to marry you love,” Biden said on Thursday in a primetime speech, referring to Trump’s “Make America Great Again” slogan.
Germany’s news media — echoing America’s — have attributed the soaring fuel-prices to Russia’s invasion of Ukraine, which clearly is a lie, because the source is clearly Germany’s anti-Russian sanctions and termination of the Nord Stream 2 natural-gas pipeline and other supplies into Germany of the least-expensive fuels-sources, which had been Russian, which is why Russia was the biggest supplier of fuels to Germany. Because those fuels were so much cheaper than the ones that the U.S. occupying forces demand Germany to use instead (such as liquefied natural gas from America), and because Germany’s leaders are more committed to Germany’s American masters than to the German people whom they are supposed to represent, they ought to be thrown out and replaced now by an entirely new German Government that will serve the German people instead of serving the U.S. occupying regime, which demands and enforces these sanctions. The purpose of the sanctions is to greatly reduce European fuel purchases from the cheapest source, Russia. That forces up fuel costs in Europe, but Europe’s leaders comply anyway, which proves how obedient they are as stooges of the imperial regime across the Atlantic, in Washington.
It violates the essence of what made America a great country in its political system. Now it’s just an oligarchy with unlimited political bribery being the essence of getting the nominations for president or being elected president. And the same thing applies to governors, and U.S. Senators and congress members. So, now we’ve just seen a subversion of our political system as a payoff to major contributors, who want and expect, and sometimes get, favors for themselves after the election is over. … At the present time the incumbents, Democrats and Republicans, look upon this unlimited money as a great benefit to themselves. Somebody that is already in Congress has a great deal more to sell.
What’s happening now to Germany is profitable to those people, but is threatening to destroy the whole world if Washington pushes it too far, and produces WW III.
Events continue to unfold at a quickening pace. Facing an alarming escalation in tensions around the world, we asked Paul Craig Roberts for his current thoughts.
Paul Craig Roberts is a widely renowned political analyst. He was Ass. Secretary for Economic Policy under President Ronald Reagan, associate editor and columnist with the Wall Street Journal, and columnist for Business Week and the Scripps Howard News Ser vice. His awe-inspiring insights, astute analysis, and developing views can be accessed at his Institute For Political Economywebsite.
We focus here on the realities of the international power struggle unfolding in real time, specifically addressing the role of the U.S. in the tensions and its capacity to reduce them. We are looking for paradigm-shift ideas for improving the prospects for peace. His responses below are exactly as he provided.