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#capitalism

261 posts190 participants22 posts today

These two claims:
Capitalists hate socialism why describing capitalism's flaws & #socialism always saves #capitalism from itself aren't just compatible. They're cause & effect.

The first claim explains the psychology, & the second exposes the reality.

The capitalist rages against socialism, decrying inefficiency, corruption & government intervention while simultaneously benefiting exactly those things under capitalism.

Ralph Nader's claim "#Capitalism will always survive, because #socialism will be there to save it" is the perfect punchline to the greatest economic joke: capitalism in its purest, most Darwinian form should've self-destructed a thousand times over. Yet every time it teeters on the brink, who comes to the rescue? The very socialist principles its champions claim to despise.

Banks collapse under the weight of their own greed? Socialize the losses with a taxpayer bailout.

What delicious irony. The #socialist armed with grievances will unleash a torrent of indictments: exploitation, wealth hoarding, environmental destruction & the transformation of human lives into mere profit margins. They'll paint #capitalism as a ruthless machine fueled by greed where the rich gorge themselves while the poor scramble for crumbs.

Continued thread

Well, this one hits closer to home than I'd like. The University of Michigan has become the latest extremely wealthy ($19.2B endowment as of June 30, 2024) US higher education institute to capitulate to Trump, and in doing so further the regime's efforts to enforce a white supremacist worldview on education in America.

theguardian.com/us-news/2025/m

University of Michigan shutters its flagship diversity program

“The federal government is determined to dismantle and control higher education and to make our institutions more uniform, more inequitable, and more exclusive,” Rebekah Modrak, the chair of the faculty senate, wrote in an email to colleagues about the decision, according to the Detroit Free Press. “They are using the power of the government to engineer a sweeping culture change towards white supremacy. Unfortunately, University of Michigan leaders seem determined to comply and to collaborate in our own destruction.”

As someone intimately familiar with how UM operates, the administrator's decision to surrender completely in the face of Trump's threats to cut all federal funding is hardly surprising; although it is extremely disappointing. Michigan is in many ways the perfect model of the neoliberal (capitalist) university; it receives over a billion dollars a year in federal research funding, and the school had already cut back on its diversity initiatives in admissions and hiring in response to a 6-3 fascist high SCOTUS striking down Affirmative Action. As in the case with Columbia, I am fairly certain the school's wealthy alumni base, access to some of the finest lawyers in America, and massive endowment would have allowed it to fight Trump's extortion in court; and that decision would be largely supported by students, faculty, and even the (Democrat controlled) state government. Despite this, a conflict-adverse administration that has transformed UM into a money printing machine over the past couple of decades in particular, was never going to risk perhaps billions of dollars in funding; even if it means capitulating to fascism. While some may be inclined to forgive Michigan's leadership for their cowardice given those stakes, I will once again remind folks that if you don't stand for opposing extortion, fascism, and white supremacy, why should anyone believe you stand for anything at all?

Worse still, is that Michigan's rational for groveling before Trump's white nationalist agenda tries to have it both ways, while (not so) subtly reinforcing white supremacist propaganda and world views. The university touts the groundbreaking success of its expansive DEI programs; while simultaneously pretending they're unconcerned with ending these programs because racism is over or something, I guess. The administration also points to the myriad of fascist executive orders and threats issued by the Trump regime, but then offers up the excuse that "some in our campus community have voiced frustration that they did not feel included in DEI initiatives and that the programming fell short in fostering connections among diverse groups" - as if Trump's orders and Michigan's actions have anything at all to do with "fostering connections among diverse groups" or helping people the DEI initiative wasn't helping enough. Finally the UM administration promises to continue to foster "multiculturalism" and states it remains "steadfast in our dedication to academic freedom, freedom of speech and freedom of expression" - as if Trump can't threaten Michigan's funding again to cancel programs that foster "multiculturalism" (another word fascists use instead of slurs), or terms like "academic freedom" mean anything in light of the Faustian (non) bargain the University has struck here.

The sad truth here is that out of nothing more than greed and cowardice, the University of Michigan has given Downmarket Mussolini and his white nationalist agenda a victory that will ring across the nation. The UM DEI program was expanded in part to counteract the rise of white nationalist politics during the first Trump presidency, it was a highly successful endeavor that was considered a model for other schools to copy nationally, and Michigan's commitment to diversity programs was genuine. If a northern liberal school with more money than god and every reason to fight back, won't take on the Trump regime's fascist agenda, who else is going to have the courage to do so?

The Guardian · University of Michigan shutters its flagship diversity programBy Adria R Walker

The "AI-stealing-art" shenanigans is very similar in a way, to what has happened almost two hundred years ago.

Transition of mercantilism to capitalism lead to the creation of loom-made clothes.

High-quality, hand-woven clothes in India (the subcontinent) made from muslin and silk were replaced by cheaper, low-quality machine-made clothes from Britain.

And the devastating effect of this was not just on the economy, but also on the culture itself.

"The Libertarian Forum, edited by Murray N. Rothbard from 1969 to 1984, had a small — even tiny — circulation but it forged the intellectual edifice known as #libertarianism. Month after month, the newsletter thrilled, enlightened, shocked, and awed its subscribers. Everything was on the table. And here are all the issues again, as smart, gossipy, and fresh as they were when they were first written." mises.org/libertarian-forum-19 #rothbard #capitalism #liberalism #theleft #theright

Mises InstituteComplete Libertarian Forum (1969-1984) | Mises InstituteLibertarian Forum existed from 1969 to 1984. It was a passionate, smart, gossipy, and often shocking newsletter that is as fresh today as when it was written.

Okay... so we did a family dinner and a #movie or, in this case, episode one of THE SQUID GAMES season one.

We liked it and will likely continue on for more family entertainment.

AND... I couldn't help thinking this is an allegory for #capitalism.

I'm curious about the remainder of the series.

Continued thread

youtu.be/S6ZsXrzF8Cc?si=LLdDHx
#fighttheoligarchy #oligarchy #communist #socialism #BernieSanders #aoc #capitalism 200%,tax on all billionaires. Everything is fair share. Lenin organized the homeless up. Got them educated. Had professional revolutionaries. Bernie sanders AOC are neo liberal politicians. They say all the right words. You can't trust the liberals. They'll back Israel no matter what. Everything trump says and does they all do. Aoc and Bernie are experts at style with no substance.

youtu.be- YouTubeEnjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.
Replied in thread

@Nigel_Purchase youtu.be/S6ZsXrzF8Cc?si=LLdDHx
#fighttheoligarchy #oligarchy #communist #socialism #BernieSanders #aoc #capitalism 200%,tax on all billionaires. Everything is fair share. Lenin organized the homeless up. Got them educated. Had professional revolutionaries. Bernie sanders AOC are neo liberal politicians. They say all the right words. You can't trust the liberals. They'll back Israel no matter what. Everything trump says and does they all do. Aoc and Bernie are experts at style alone

youtu.be- YouTubeEnjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.
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@DarthAstrius youtu.be/S6ZsXrzF8Cc?si=LLdDHx
#fighttheoligarchy #oligarchy #communist #socialism #BernieSanders #aoc #capitalism 200%,tax on all billionaires. Everything is fair share. Lenin organized the homeless up. Got them educated. Had professional revolutionaries. Bernie sanders AOC are neo liberal politicians. They say all the right words. You can't trust the liberals. They'll back Israel no matter what. Everything trump says and does they all do.Aoc Bernie are experts at style with no substance

youtu.be- YouTubeEnjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.
Replied in thread

@LuisCrespo youtu.be/S6ZsXrzF8Cc?si=LLdDHx
#fighttheoligarchy #oligarchy #communist #socialism #BernieSanders #aoc #capitalism 200%,tax on all billionaires. Everything is fair share. Lenin organized the homeless up. Got them educated. Had professional revolutionaries. Bernie sanders AOC are neo liberal politicians. They say all the right words. You can't trust the liberals. They'll back Israel no matter what. Everything trump says and does they all do. Aoc Bernie are experts at style with no substance.

youtu.be- YouTubeEnjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

@Radical_EgoCom youtu.be/S6ZsXrzF8Cc?si=LLdDHx
#fighttheoligarchy #oligarchy #communist #socialism #BernieSanders #aoc #capitalism 200%,tax on all billionaires. Everything is fair share. Lenin organized the homeless up. Got them educated. Had professional revolutionaries Bernie sanders AOC are neo liberal politicians.They say all the right words. You can't trust the liberals. They'll back Israel no matter what. Everything trump says and does they all do Aoc Bernie are experts at style with no substance

youtu.be- YouTubeEnjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

youtu.be/S6ZsXrzF8Cc?si=LLdDHx
#fighttheoligarchy #oligarchy #communist #socialism #BernieSanders #aoc #capitalism 200%,tax on all billionaires. Everything is fair share. Lenin organized the homeless up. Got them educated. Had professional revolutionaries. Bernie sanders AOC are neo liberal politicians. They say all the right words. You can't trust the liberals. They'll back Israel no matter what. Everything trump says and does they all do. Aoc and Bernie are experts at style with no substance.

youtu.be- YouTubeEnjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.