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"Workers at a Chinese factory owned by Foxconn, Apple Inc's main manufacturer, threatened to jump off the roof of a building in a protest over wages just a month after the two firms announced a landmark agreement on improving working conditions."
"The industry that developed in Egypt is mainly an import from abroad. Not only were the machines imported, but also the capital, and just as the technique of Egyptian industry is the last word in ultra-modernity, so too is its organisation ultra-modern. The concentration of the enterprises and the tightening of the ties of mutual dependence between them, the rule of finance capital (the merging of industrial with banking capital under the hegemony of the latter), the merging of finance capital with the state – all these are fundamental features of Egyptian industry. And this ultra-modernity is based on an agrarian, barbaric economy, from which it draws its strength and weakness alike."
"قبل ان يطرد حسني مبارك من منصبه، وبعد ذلك ايضاً، ظل حجم حصة الجيش المصري في الاقتصاد موضع جدلٍ كبير. فمن المعروف أن الجيش يشارك في تصنيع كل شئ، ابتداءاً من زيت الزيتون وتلميع الأحذية، وانتهاءاً بمراكز الاقتراع، التي استخدمت في الانتخابات البرلمانية المصرية لعام 2011،"
"In October 2005, three Citigroup analysts released a report describing the pattern of growth in the U.S. economy. To really understand the future of the economy and the stock market, they wrote, you first needed to recognize that there was “no such animal as the U.S. consumer,” and that concepts such as “average” consumer debt and “average” consumer spending were highly misleading. "
"American media hardly noticed it when demonstrators first took up position on Wall Street in early September this year in what later became known as Occupy Wall Street. But most Chinese knew about it. Chinese media covered the event enthusiastically when I could find no mention of it in my usual American news sources on the internet."
"The private papers of the former prime minister, Margaret Thatcher, have been opened to the public. They contain a note written by Thatcher’s press secretary, Bernard Ingham, of a private meeting she held with Rupert Murdoch, the owner of News International."
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The meeting took place on January 4, 1981, at a lunch at Chequers, the grace and favour home used by sitting prime ministers. The note strongly suggests that a deal was agreed there that enabled Murdoch to bypass parliament’s Monopolies and Mergers Commission.
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Ingham’s note explains how Murdoch, with Thatcher’s approval, was able to establish a dominant position over the press in Britain that has been used over the last 30 years to manipulate public opinion and prop up successive right-wing governments.
"Throughout his life, Karl Marx argued that for socialism to be realized, the state would have to be done away with. But since his death, many so-called socialists championed building up the state. Lee Sustar shows that this is opposite to Marx's views--and to any notion of socialism. This article was first published in the February 1985 issue of Socialist Worker."
"A Marxist-feminist analysis of how capitalism is reproduced and develops."
"From the Financial Times to the far left, tons of ink has been spilt writing about some variant of the “Crises of Global Capitalism”. While writers differ in the causes, consequences and cures, according to their ideological lights, there is a common agreement that “the crises” threatens to end the capitalist system as we know it."
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the ‘crises of capital’ has been converted into a strategic advantage for furthering the most fundamental interests of capital: the enlargement of profits, the consolidation of capitalist rule, the greater concentration of ownership, the deepening of inequalities between capital and labor and the creation of huge reserves of labor to further augment their profits.
"The biggest corporate takeover on the planet is the hijacking of the food system, the cost of which has had huge and irreversible consequences for the Earth and people everywhere."
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It starts with seeds. Monsanto and a few other gene giants are trying to control and own the world’s seeds through genetic engineering and patents. Monsanto wrote the World Trade Organization treaty on Intellectual Property, which forces countries to patent seeds. As a Monsanto representative once said: “In drafting these agreements, we were the patient, diagnostician [and] physician all in one.”
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The next step in the corporate control of the food supply chain is on our farms. Contrary to the claims of corporations, the chemical-based “green” revolution and genetic engineering do not produce more food.
"the final versions of the memorandum agreements made between the government and the EU/IMF troika."
"On Sunday, the Greek parliament approved a new round of austerity measures that will further deepen the 5-year depression and sever the last fraying threads of social cohesion. "
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In order to secure a 130 billion euro loan, Greek political leaders agreed to comply with a “Memorandum of Understanding” (MOU) that will not only intensify the sacrifices of ordinary working people, but also effectively hand the control of the nation’s economy over to foreign banks and corporations.
"The only hope for the future of Greece lies in rejection of the Troika, a default on Greek terms and leaving the grossly oppressive structures of the euro argues James Meadway"
"The behaviour of the EU states towards Greece is inexplicable in the terms in which the EU defines itself. It is, first and foremost, a failure of solidarity."
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Even now the schools are running out of books. There were 40% cuts in the public health budget in 2010 – I can't find the present figure. Greece's EU "partners" are demanding a 32% cut in the minimum wage for those under 25, a 22% cut for the over 25s. Already unemployment for 15-24-year-olds is 48% – it will have risen considerably since then. Overall unemployment has increased to over 20%. The sacking of public sector workers will add to it.
"For three decades, we have been told that “trickle-down” economics that benefit the wealthy is the key to creating jobs. But that's baloney. The evidence shows that ordinary people, not the rich, are the real job creators."
"wealthy interests have so taken control of the public debate on taxes in recent years that they've managed to completely remove as an option the kind of progressive taxation that was the norm throughout the most prosperous decades of recent North American history (1940-1980) often referred to as the "Golden Age of Capitalism.""
"Malnutrition is the root cause of the deaths of 2.6 million children each year, and the bodies and brains of 450 million more will fail to develop properly due to inadequate diet over the next 15 years unless immediate action is taken, according to a survey published on Wednesday by a leading international charity."
"Save the Children is to be applauded for reminding us all of one of the most extraordinary and humiliating aspects of living in the modern world: child hunger."
"Capitalism inflicts horror after horror on people all around the world: poverty and starvation in every country, the murderous wars in Afghanistan and Iraq, the economic crisis sweeping Europe that has led to savage austerity measures, mass unemployment and misery. In the course of the Global Financial Crisis trillions of dollars have been handed out to the bankers while at the same time tens of millions of workers have lost their livelihoods."
"I went to the site of a notorious rare-earth refinery—and investigated plans for a new one—to find out."
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