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Britain’s Model of ‘Extractive Capitalism’

A liberal summary of the political economy of Britain  “Britain has been a  high-inequality, high-poverty nation  for most of the last 200 years, with significant consequences for life chances, social resilience, and economic strength. With the exception of the immediate post-war era, the struggles for share over the last 200 years have been won by the richest and most affluent sections of society, often with the compliance of the state. Under extraction, economic activity becomes detached from new wealth creation, with the boost to profitability and rising corporate surpluses of recent times used to reward executives and investors rather than boost productivity.” *** Unsurprisingly, not a single mention of Britain’s ‘extractive’ capitalism within its functioning as imperialist state, analysing the British economy in isolation of the global economy and global sociology. (e.g. defeat and weakening of social forces/struggle at home and abroad,‘neoliberalism’ as a global form of capitalis

Benni Morris at the London School of Economics

LSE aims at educating students From 2004 to the present Morris “claims objectivity , even if a careful reading of almost all of Morris’ writings reveals a very simplistic and one-dimensional view on the Jewish-Arab conflict.  Despite all his “discoveries” about moral wrongs perpetrated by the Israelis, on the bottom line, he always tended to adopt the official Israeli interpretation of the events . Morris devoted a very salient and extensive discussion to the centrality of idea of “transfer” (i.e., ethnic cleansing) in Zionist thought, but concluded that the Palestinians had not been expelled by the Israelis in compliance with a master plan or following a consequential policy. This was not precise. What the new material shows [– says Morris –] is that there were far more Israeli acts of massacre than I had previously thought. To my surprise, there were also many cases of rape…  They are just the tip of the iceberg." So far it is the “old good” and expected Morris. The restless deb

Quote of the Week: Emmeline Pankhurst

Emmeline Pankhurst, probably the most venerated in the mainstream British media, defended the presence and reach of the British Empire:  Some talk about the Empire and Imperialism as if it were something to decry and something to be ashamed of. [I]t is a great thing to be the inheritors of an Empire like ours ... great in territory, great in potential wealth. ... If we can only realise and use that potential wealth we can destroy thereby poverty, we can remove and destroy ignorance. For years she travelled around England and North America, rallying support for the British Empire and warning audiences about the dangers of Bolshevism. Quoted in Purvis, June, Emmeline Pankhurst: A Biography, London 2002 Why is a London School of Economics’s building named after her?   There is a Memorial of her in Victoria Tower Gardens, south of Victoria Tower at the southwest corner of the Palace of Westminster

Empire: J. S. Mill and Pankhurst

Enlightenment! The London School of Economics has just named a building after Emmeline Pankhurst. From John Stuart Mill to Emmeline Pankhurst. J. S. Mill: The gigantic "federation" albeit "unequal", that was the British empire "has the advantage, especially valuable at the present time, of adding to the moral influence, and weight in the councils of the world, of the Power which, of all in existence, best understands liberty—and whatever may have been its errors in the past, has attained the more of conscience and moral principle in its dealings with foreigners than any other great nation seems either to conceive as possible or recognise as desirable." —Mill, Utilitarianism , London 1972 ed. p. 380 E. Pankhurst: "Some talk about the Empire and  Imperialism  as if  it were something to decry and something to be ashamed of. [I]t is a great thing to be the inheritors of  an Empire like ours ... great in territory, great in potential wealth...If w
"The Arab world’s main problem is dictators who continue to be supported by foreign powers, and foreign powers bombing them when they cease to be useful. The problematic Western interventions, past and present, will remain controversial and dangerous. When they are financed by Saudi petrodollars, they are even more problematic, serving the interest of a lethal repressive regime rather than the suffering people of Syria." — Madawi al-Rasheed "Problematic" and "controversial"? This is what I call liberal academic correctness; not calling a spade a spade.
Religion "I cannot imagine life without neoliberalism." — a student at the London School of Economics, March 2018
Although I don't like Owen Jones, the plight of the cleaners at one of the most prestigious university in the world is a disgrace. LSE cleaners
The writer, from the London School of Economics, is questioning the existent profit-based economic system. I wonder whether we can have capitalism without profit. I am curious to know if that is possible. Clean energy won't save us
The cleaners at the London School of Economics Compare here: The CEO of Lloyds Bank got £6,000 per hour in 2014, dividents and bonuses included. That is calculated on the basis that he worked 40 hours per week.  Suppose a cleaner in London gets £21000 per year. It takes Cristiano Ronaldo 11 minutes to earn what a cleaner earns in a week.

Dr Brian Klass and ‘Democracy’

A Dr.  preaching neo-orientalism, imperialism and patronizing other countries , brandishing an empty term ("democracy) of the West, i.e. the capitalist, imperialist democracy of the Western powers that we have seen in practice not only in wars and occupations, but in IMF adjustment programmes, in global capitalism's uneven development, in plunder by corporations, in NGOs working with repressive regimes and perpetuating power structure, in Western powers working with local regimes in aborting, diverting or co-opting uprisings or confining it to the parliamentary capitalist democracy, oppression within the undemocratic European Union itself, level of corruption on an unprecedented scale, driving down wages, undermining unions (even banning people from joining a union), gambling with pensions, corporatization of education, undermining academic freedom, a development of an oligarchy and a mediaocracy, depolitization, passivity and narcissism, a plague called identity politics ins
A Dr.  preaching neo-orientalism, imperialism and patronizing other countries , brandishing an empty term ("democracy) of the West, i.e. the capitalist, imperialist democracy of the Western powers that we have seen in practice not only in wars and occupations, but in IMF adjustment programmes, in global capitalism's uneven development, in plunder by corporations, in NGOs working with repressive regimes and perpetuuating power structure, in Western powers working with local regimes in aborting, diverting or co-opting uprisings or confining it to the parliamentary capitalist democracy, oppression within the undemocratic European Union itself, level of corruption on an unprecedented scale, driving down wages, undermining unions (even banning people from joining a union), gambling with pensions, corporatization of education, undermining academic freedom, a development of an oligarchy and a mediaocracy, depolitization, passivity and narcissism, a plague called identity politics in

Hague and Jolie at the London School of Economics

In this times of barbarism, absurdity and mediocrity, I wish Dario Fo, who has just left us forver today, could give me some of his wit. Angelina Jolie and William Hague are now visiting professors at the London School of Economics, London. They have joined the LSE Centre for Women, Peace and Security. William Hague and peace! Remember that scene in Life of Brian? Peace? The man who supported the invasion and occupation of Iraq (and thus was complicit in the destruction and the consequences of that war ) and who came out recently to reitrate that support by standing with Blair. Blair himself became a peace envoy to the Middle East, didn't he?  Regarding Angelina, here is a good dissection of the "ideology" of charity and the hypocrisy of it. Against Charity
"Its perhaps understandable why xenophobic rhetoric appealed to some Brexit supporters.  Resolution’s Bell  found that even though pro-Brexit voters weren't from places that had  ​recently  gotten poorer since the mass immigration wave, they were from places that had  ​historically  been poor — going back to the 1980s. These people have good reasons to be angry about the status quo. They’re looking for someone to blame, and immigrants are an easy scapegoat." "Irrational Xenophobia, not Real Economic Grievances" Here is what is missing in the analysis above: Support for UKIP "is even higher among the self-employed and business owners than the working class, and that is quite high even in the professional and managerial classes, who because are their substantial numbers actually provide the biggest bloc of UKIP’s class-based support . For all of these reasons the Conservatives, not Labour, have most to fear from UKIP ... Working class voters are a li