You are currently browsing the daily archive for June 18, 2019.

It is a wonderful time to be alive.  Our social sphere is a dividedly partisan uncharitable hot mess.  Nothing gets done because the status quo recognizes that people working together have the capacity to radically alter society.  Internecine conflict and partisan yelling matches are not an accident.  They conveniently combust all the oxygen in the public sphere, keeping threatening systemic change far at bay.

Consider, we fecklessly embrace capitalism and the ruthless exploitation and environmental destruction that goes along with it.  Yet, at the same time we have our scientific classes raising the alarm that we are rapidly making our planet uninhabitable.  A few eyebrows are raised, but in general, the system continues to chug along.  Here is one foundational parts of our capitalism system, the ever present race for the bottom and thus maximum profitability (at all costs).

It’s gonna suck when the earth strikes back and decides our defining passion for hoarding slips of paper is not a desirable evolutionary trait.  Pete Dolack writes for CounterPunch:

 

“And as the race to the bottom continues —  as relentless competition induces a never-ending search to find locations with ever lower wages and ever lower health, safety, labor and environmental standards — what regulations remain are targets to be eliminated. Thus we have the specter of “free trade” agreements that have little to do with trade and much to do with eliminating the ability of governments to regulate. And as the whip of financial markets demand ever bigger profits at any cost, no corporation, not even Wal-Mart, can go far enough.

Despite being a leader in cutting wages, ruthless behavior toward its employees and massive profitability, when Wal-Mart bowed to public pressure in 2015 and announced it would raise its minimum pay to $9 an hour, Wall Street financiers angrily drove down the stock price by a third. Wal-Mart reported net income of $61 billion over the past five years, so it does appear the retailer will remain a going concern. Apple reported net income of $246 billion over the past five years, so outsourcing production to China seems to have worked out for it as well.

The Trump administration’s trade wars are so much huffing and puffing. Empty public rhetoric aside, Trump administration policy on trade, consistent with its all-out war on working people, is to elevate corporate power. Nationalism is a convenient cover to obscure the most extreme anti-worker U.S. administration yet seen. Class war rages on, in the usual one-sided manner.”

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