As recently as 1981, 88% of the Chinese population lived in extreme poverty. Today, it is less than one percent. How was this possible? Never in the history of the world have so many hundreds of millions of people moved from abject poverty to the middle class in such aRead More →
Last month, the Fraser Institute released its annual report Economic freedom of the world report. As usual, he showed that “economic freedom” is positively correlated with many good things and negatively correlated with many bad. Defenders of capitalism love the Fraser Institute. Libertarian philosopher Jason Brennan, for example, made extensiveRead More →
Halloween is a constant for Republicans who scare voters that Democrats will take us down the path of socialism and communism. President Donald Trump proclaimed that the United States “will never be a socialist country,” then quickly increased socialist farm subsidies ($ 11.7 billion in 2017) to $ 32 billionRead More →
Babasaheb Ambedkar wished to uplift the castes of the untouchables from the depressing social situation subjugated to promote them as equal seekers of social rights and political power. Ambedkarite policy was based on the realization that social elites lack ethical convictions regarding the emancipation of socially marginalized communities. Post-Ambedkar DalitRead More →
Heads of state, government ministers and thousands of other delegates from all corners of the world converge on Glasgow, Scotland for two weeks of climate change talks starting this weekend. Firefighters work at the scene of a forest fire near the village of Kyuyorelyakh in the Gorny Ulus region, westRead More →
The fast approaching United Nations climate change conference is an important meeting – you might even say crucial. Despite the 2015 Paris Agreement and the jubilation the agreement has sparked among those watching the climate change scene, the commitments made have failed to deliver on the agreement’s promises – andRead More →
The group of socialist MEPs called for a fundamental reform of global tax rules if the world is to finance its adaptation to the climate crisis and the devastating effects of capitalism. S&D chairman Iratxe Garcia Perez presented “The Great Shift†report, a document touted as providing “game-changing policy proposalsRead More →
Now, Piketty has collected several dozen of these columns in an anthology (here translated by Kristin Couper), starting with an original 26-page essay boldly titled “Long Live Socialism!” After his in-depth exploration of deepening inequalities, Piketty concluded that the redistributive policies of social capitalism – slightly progressive taxes and socialRead More →
There is a centuries-old socialist tradition of evangelizing the Church to be more attentive to the origin and structure of social inequality. In a 1908 interview, Eugene Debs, a socialist, trade unionist and five-time presidential candidate, said: “For [socialists] believe in man and in the possibility of man’s love forRead More →
An Air India Ltd. on the tarmac at Indira Gandhi International Airport in New Delhi | Bloomberg Text size: A- A + AThe privatization of India is finally underway, albeit belatedly. Therefore, this led to conversations around the planned economy, and in turn blamed the socialist economy for India’s woes.Read More →
I am more and more concerned that our country is becoming a socialist country every month under the current administration. It’s alarming for me to see events happening every month that prove my theory: The dismantling of monuments in some cities of the country does not suit me. I understandRead More →
Born in Cape Town, Natale Labia lives in Milan, Italy, and writes on economics and finance. Partner of the private equity firm Lionhead Capital Partners. MBA from Bocconi University. Supports Juventus. In today’s globalized economy, the key is how capital is managed, not the approach to trade Who is atRead More →
Who is at least supposed to benefit from economic and trade policy? Much has been written about the extraordinary speech delivered earlier this month by U.S. Trade Representative Katherine Tai on resetting China-U.S. Trade relations. However, what may have been missed is how fundamental this is to the emergence ofRead More →
Without the left hand of socialism as a partner, the right hand of capitalism is incapable of doing all that needs to be done. The reason why it is important that India Walton be elected mayor, at least for now, is this. The downturn economy will never hit bottom, andRead More →
Back in high school, a friend of mine kind of went on a loop to attend a seminar aimed at spreading the right word about an exciting – albeit nonspecific – job opportunity. In retrospect, everything to do with the initial experience was less a string of red flags thanRead More →
Editor’s Note: This article originally appeared on City Observatory and is republished with permission. Florida Senator Marco Rubio has denounced President Biden’s $ 3.5 trillion spending program as anti-American socialism. Rubio says: Ultimately Americans will reject socialism because it fundamentally goes against our way of life. This is not correct,Read More →
Representative Byron Donalds, R-Fla., Speaks to the senses. Joe Manchin and Kyrsten Sinema face harassment amid negotiations over $ 3.5 trillion bill Too many young Americans are falling prey to the siren song of socialism, but there is something we can do about it. A shocking percentage of millennials (agesRead More →
If one needs proof of how our times are turned upside down, consider the spectacle that Americans witness daily where elected officials seeking to score political points do not work towards the “general welfare” cited in the Constitution of the United States. United States, not towards the sanctity of lifeRead More →
The Soviet Union was the first communist country in the world, so why was its official name the Union of Soviets? Socialist Republics (USSR)? Are socialism and communism really the same thing? Yes and no, says Norman Markowitz, a history professor at Rutgers University who has taught a course onRead More →
Socialism will destroy America Today in the United States of America you hear that 50% of America wants everyone to live in a socialist America, and 50% want everyone to live in a free market capitalist economy. This is the reality we live with today. A socialist America will haveRead More →
“The big government socialists who have taken control of the Democratic Party like to talk about ‘free’ programs,” Newt Gingrich exclaimed yesterday on Fox News, adding that “nothing is free because taxpayers have to pay for it”. You are right about one thing, Newt. Taxpayers to do must pay. TheyRead More →
Famine spread to the West following the crisis of 1929. All institutions were threatened. They only survived thanks to World War II. Already in the 18th century, British economists of nascent capitalism wondered about the sustainability of this system around David Ricardo. What was initially very profitable will eventually becomeRead More →
Anti-Chinese propaganda is meant to indoctrinate Americans with fear and hatred and to gain support for the war against this country and against socialism itself. This is an edited version of the author’s remarks to Friends of Socialist China online seminar titled, Propaganda War Against China, Held October 9. FriendsRead More →
Text size: A- A + Thank you dear subscribers, we are delighted with your response. Your Turn is a unique section of ThePrint featuring the perspectives of its subscribers. If you are a subscriber, have a point of view, please send it to us. Otherwise, subscribe here: https://theprint.in/subscribe / ARead More →
The U.S. Postal Service recently launched a postal banking pilot program that allows customers to cash paychecks and business checks up to $ 500 in four cities: Washington, Baltimore, the Bronx and Falls Church, Va. . This modest pilot project is the foundation for envisioned more extensive postal banking servicesRead More →
If you’re in a bad financial position, a payday loan may be an option. You may need to borrow some cash fast to get through your payday, acfa cash flow homepage could help you to learn more about how payday loans. Do not sign any payday loan contract that youRead More →
If you are looking for a payday loan after bankruptcy, there are a lot of things you need to know. You might not realize it, but getting a payday loan after bankruptcy is indeed possible. However, it is important that you understand the basics of how these loans work andRead More →
KUALA LUMPUR (October 13): The National Recovery Council (MPN), as joint administrator of the agencies under the Ministry of Finance and the Economic Stimulation Implementation and Coordination Unit between national agencies ( LAKSANA), will take appropriate measures to strengthen the resilience of the post-Covid-19 health and economic systems. MPN ChairmanRead More →
10,000 John Deere employees are on strike A tentative agreement between the company and their union, United Auto Workforce, was rejected by the workers. At midnight Wednesday evening, more than 10,000 workers at John Deere farm equipment company went on strike, triggering one of the largest work stoppages in recentRead More →
When the Pennsylvania Chamber of Commerce brought Ben Shapiro and Ana Kasparian together on a debate stage, they created a night of political magic. Kasparian the vocal leader and progressive media star, daily host of the popular The Young Turks network faces off against Shapiro, the bright young star ofRead More →
“Make healthy choices to spend less and save more to create wealth, while developing wisdom” I can be healthy, rich, and rich – oops, I mean wise; oh, that’s drugs! Hmmmm, where can I go to get all three? Well, to be healthier, I can eat less in restaurants andRead More →
FORT WORTH, Texas, October 13, 2021– (COMMERCIAL THREAD) – Elevate Credit, Inc. (NYSE: ELVT) (“Elevate”), a leading technology provider of innovative and responsible online lending solutions for unprivileged consumers, today announced a financing facility $ 50 million, with the ability to expand the facility up to $ 100 million, toRead More →
In this October 24, 2019 file photo, a man holds a sign that reads in Spanish “Hurray for those who fight” as he sits outside a street blocked by a burning barricade, during a demonstration to demand the resignation of President Juan Orlando Hernandez, in Tegucigalpa, Honduras. | Elmer MartinezRead More →
Studying socialism Ohio Wesleyan English Teacher to Discuss Karl Marx’s “English Utopia” on October 27 By Ohio Wesleyan University DELAWARE, Ohio – Mark Allison, Ph.D., professor at Ohio Wesleyan University, will discuss “Karl Marx’s English Utopia” when he presents the Benjamin T. Spencer 2021-2022 Lecture sponsored by the English DepartmentRead More →
Interview by Rune Møller Stahl Andreas Møller Mulvad Norwegian elections last month resulted in a landslide to the left, including a parliamentary breakthrough for the Socialist Red Party (Rødt). There are now social democratic governments in all five Nordic countries, with formations growing to their left that resist the subsequentRead More →
Emir Memedovski / Getty Images / iStockphoto Generally speaking, debt is something you want to avoid when it comes to your financial life. Debt can take a toll on your finances because you are forced to divert some of your cash to pay the interest and principal on that debt.Read More →
10,000 John Deere employees are on strike A tentative agreement between the company and their union, United Auto Workforce, was rejected by the workers. At midnight Wednesday evening, more than 10,000 workers at John Deere farm equipment company went on strike, triggering one of the largest work stoppages in recentRead More →
Illustration by Anna Higgie In 1995, a young Patricia Zurita was researching freshwater dolphins in the Andean mountains when the last episode of border violence erupted between her home country, Ecuador and neighboring Peru. The conservation work of his team has been turned upside down. Soon after, however, those sameRead More →
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Consumer Financial Protection Bureau Headquarters in Washington, DC REUTERS / Andrew Kelly Summary Law firms Related documents Defenders send letter to new CFPB director Rohit Chopra on access to earned wages They argue that EWA is risky, should be regulated like credit The names of companies and law firms shownRead More →
introduction Buying items on credit is not a new idea, with its origins stretching back some 5,000 years to ancient Mesopotamia. In our modern context, there are a variety of consumer credit instruments available. These include short-term and “payday” loans, 0% payment plans and overdrafts offered by banks and linesRead More →
When Yanely Espinal was growing up, his family did not use a bank. Her parents had immigrated to the United States from the Dominican Republic and, like many newcomers, used only cash. “I’ve never, ever seen a credit card, a debit card, anything like that in my house,” said Espinal,Read More →
MEMPHIS, Tenn. – Live at 9am this morning, WREG told you about a report showing that Memphis is # 1 in the nation for payday loans. Jake Hill, from the company Debt hammer, told us about these loans and how they affect average people. Tennessee state law states that theRead More →
In the fourth quarter of 2020, origins in personal loans grew quarter over quarter as total loan balances declined to $ 148 billion in the fourth quarter. Consumers are still scrambling to raise capital where possible, and there are signs that consumer spending is slowing. In financing access options, theRead More →
Neoliberal capitalism is the dominant economic system in the Western world. There is a different system in place in the other universe, the Chinese universe. For some time now, governments have been increasingly concerned about the growing power of big tech companies in both universes, but this is where theRead More →
The German sociologist Werner Sombart posed a question over a century ago that has occupied social scientists ever since: why there was no American socialism. American sociologist Seymour Martin Lipset answered Sombart’s question with his theory of American “exceptionalism,” which suggested that a series of factors – the anti-state natureRead More →
There is no shortage of options for consumers today for their borrowing needs. Whether you are planning to renovate your home, buy a boat, consolidate debt, pay off a wedding, or just establish and build a credit history, many low-cost loans are designed for a variety of uses. There isRead More →
“The American people will never knowingly embrace socialism. But, under the name of liberalism, they will embrace every fragment of the socialist program and be a socialist nation.” – Norman Thomas Whenever Democrats want to execute a newly concocted leftist plan, they have only one motive: to expand federalism. IncreasingRead More →
ANALYSIS / OPINION: America has a problem with socialism, and it is a problem that only gets worse with each school year. But that’s by design. The Democratic Party’s playbook is to make the next generation the best little sheep they can be. Why? To better consolidate the party’s power,Read More →
Online video shows students at a prestigious American university near the nation’s capital touting the benefits of socialism and support the abolition of private property rights. “I am [a] socialist, “a Georgetown University student said in a video job through campus reform. “It’s sort of the only way to getRead More →
For many years, a family member has blessed the annual Thanksgiving meal by saying, “Give thanks to the remnants of capitalism for the delicious food we are about to consume. He was clearly not in love with the increasingly socialist system we have lived in over the past decades, whereRead More →
Earlier in the pandemic, West Coast states led the way in providing financial assistance to marginalized populations excluded from federal stimulus and relief plans. In Washington, Governor Jay Inslee Made $ 40 Million helping undocumented families. Oregon has implemented the Oregon Workers Relief Fund to alleviate the financial burden ofRead More →
Otto, a fintech start-up that aims to enable people to tap into their vehicle’s equity to access credit, raised $ 4.5 million in a funding round. The Dallas-based company is building a mobile platform that will essentially allow people to borrow against their vehicles at the same interest rate asRead More →
On September 28, the US Senate confirmed Rohit Chopra for a full five-year term as director of the Consumer Financial Protection Bureau (CFPB). Chopra is returning to the agency where he previously helped design and implement key protections to create a level playing field for consumers and businesses. In anRead More →
This is an article by World Review: The State of Democracy, a special section that examines politics and world affairs, and is published in conjunction with the annual Athens Forum on Democracy. The coronavirus pandemic has exacerbated the gap between the haves and have-nots and questioned capitalism: this is theRead More →
Each month we strive to keep our budget in check, buying only the items we need and trying to never spend more money than we can afford. However, sudden expenses are far from rare. They can occur in any aspect of our life, from sudden medical expenses to auto repairs.Read More →
Link to this page: https://www.socialistparty.org.uk/issue/1150/33123 From The Socialist, October 6, 2021 “Here is your opinion on plants” by Michael Pollan – posted by Allen Lane Commented by Dave Carr Is the C8H10N4O2 molecule – that’s caffeine for you and me – responsible for the slave trade, colonial wars, imperialism, increasedRead More →
NEWYou can now listen to Fox News articles! The power struggle we see in the Democratic Party over President Joe Biden’s spending (and tax) bill is not between the moderates and the socialists of the big government. It is between the timid socialists of the big government and the moreRead More →
In 1920, Russian architect Vladimir Tatlin proudly unveiled the very first wooden model of the Monument to the Third International. The building, which would serve as the new and improved headquarters of the Comintern, was to be constructed in the city of Petrograd, present-day St. Petersburg. Communist Party officials whoRead More →
Link to this page: https://www.socialistparty.org.uk/articles/33101 Posted on October 5, 2021 16:37 GMT The Panama Papers revealed tax evasion abroad in 2016 (Click to enlarge) Expose it and fight for a socialist alternative Tony Saunois, IOC Secretary The explosive leak of 6.4 million documents and 1.2 million emails showing the grotesqueRead More →
Norton AntiTrack is a new app and browser extension that prevents websites from tracking and profiling users in ways that normal private browsers and VPNs can’t. The main features include: Anti-fingerprint capabilities: Hides users’ unique identifiers including their IP address, location, device and operating system, font size, screen resolution, etc.,Read More →
Two years ago, the CEOs of nearly 200 large companies in the United States issued a statement with a new definition of “a company’s purpose.” These CEOs, who make up the Business Roundtable and understand the who’s who of America Inc, said it’s not enough for companies to focus solelyRead More →
The road leading to Ayacucho, the city where Abimael Guzmán’s political experiment began (the main Peruvian political prisoner who died a few days ago at the Maximum Security Center of the Callao naval base), is very hilly and over time. and as we breathe an air of mystery. Located inRead More →
The smartest insights and analytics from every standpoint gathered on the web: Chinese President Xi Jinping continues to disrupt “China’s decades-long evolution towards Western-style capitalism,” Lingling Wei told The Wall Street Journal. Last week, “Chinese government measures to control house prices” and limit debt sparked a dramatic cash flow crisisRead More →
I want to share again, for what it’s worth, how important it is to get the COVID-19 vaccine. Of course, I am neither a doctor nor a health professional. But the evidence that the vaccine reduces hospitalizations and deaths is compelling. Although the issue of forcing someone to shoot isRead More →
Archbishop Welby signs the register of a new credit union for clergy and church staff in England and Scotland at the General Synod in York, July 2013 Archbishop Welby signs the register of a new credit union for clergy and church staff in England and Scotland at the General SynodRead More →
On Saturday, the Women’s March will hold nationwide “mass mobilization events” in all 50 states to protest counterrevolution against reproductive rights in Texas, Mississippi and many other Republican-controlled states . Protests will take place before the Supreme Court resumes on October 4. In this file photo from June 30, 2021,Read More →