The Coming Storm

Why Breaking With the Two Corporate Parties and Forming a Labor Party is the Next, Best Step   As demonstrated in The Problem is Capitalism , the primary cause of economic, social, political and environmental crises facing the world today is capitalism.  The capitalist economic system—which puts production for private profit and private ownership of major industries above all other considerations—is wracked by internal, systemic contradictions which are inexorably hurling it toward the abyss, dragging all of us along in its wake. We identified several essential features of economic wealth and their relation to the capitalist system: For the past twelve thousand years, the average human has been able to produce more value in a day, a month or a year than they can possibly consume in that time.  And, labor productivity has increased steadily over the years. All value is produced by labor.  There is no other source of value. Profit is the...

(Updated below.)   We are subtly taught that hunger, poverty, economic downturns, environmental disasters, are all natural phenomena, like the weather.  There’s not much you can do about them, so the theory goes.  The best you can do is hunker down and be ready for what comes.  Really? At the federal and state levels, budgets are being slashed.  We’re told we need to cut back, lower our expectations and accept “smaller government”.  The US is awash in red ink, running huge deficits, but the problem isn’t that average Americans have been living beyond their means. Our schools are under funded, our teachers are underpaid, our infrastructure is falling apart, people who have jobs work longer and harder for less pay, and services that used to be widely accessible are cut to the bone or available only to those with large incomes.  But as we’ll see shortly, productivity and total wealth have increased steadily for centuries, both in absolute and ...