Nèdeem Elmahjoub's blog

“In the book, Grace Blakeley takes on the world’s most powerful corporations by showing how the causes of our modern crises are the result of the economic system we have built – ‘a toxic melding of public and private power’. It’s not a broken system; it’s working exactly as planned. It can’t be fixed. It must be replaced. From Amazon’s attack on employee wages through its domination of regional economies, to how Boeing flies in the face of free markets despite its 737 Max disasters, and from the likes of Henry Ford to Margaret Thatcher,  Blakeley considers the past and present of our current crises  to pinpoint exactly how it all went wrong.”  “The 30-year-old describes her book as a critique of modern capitalism from a Marxist perspective, which isn’t a phrase that major writers on the left tend to attach to themselves these days. Instead of reduced taxation, the Office for National Statistics is forecasting that by 2027-28 the UK will have the highest level of...

[ An English woman once asked me: “why are we here?” I answered: “I am more interested in how we got here and where we are going to.” In the context of Syria and the MENA region as a whole, by historicizing everything, as Walter Benjamin advised, we understand how Syria got to where it is today. In the following Munif rightly makes the role of class relations in the Syrian society fundamental, especially class conflict and alliances after independence. The conclusion is:  a weak bourgeoisie that is unable to carry out economic development a nationalist regime that is unable to pursue an alternative path to capitalism due to the failure of economic development resorts to repression to maintain its rule a regime that pacifies significant layers of the population and contains active discontent through subsidised commodities, namely bread, and ideological means but it cannot sustain itself when a crisis hits. “The state and capitalist assemblages became ineffective when the 2011 revolt...

“We are living through a moment when the ‘F’ word is no longer taboo and the threat of fascism lurks everywhere.”  Alberto Toscano “reminds us that liberalism is no enemy of fascism , and fascists flower in the hot house of capitalism.”

Politically and intellectually bankrupt

Harris or Trump will soon occupy the most violent elected office in their homeland (and the world). Trump and Harris “are destroying what is left of the democratic institutions of this country.” ‘Democratic institutions’? When were they ‘democratic’?  “ The existing two parties are identical in their genocidal militarism and backing of the Israeli settler colony, with one openly planning its  fascist takeover  of the entire country.”  The 50/60 per cent of eligible Americans who do vote “are conditioned by the commercial logic of their degenerate capitalism to choose between Coke and Pepsi, McDonald's and KFC, Nike and Reebok, Apple and Samsung, or Trump and Harris.” I have always liked Dabashi’s articles . I fear though he is sliding into repeating sentences with different words and tone.

Catching and Falling Behind in the Global Economy (open access)

I don’t think we can talk about ‘hypocrisy’ anymore. It has been normalised as part of ‘our values’. It is not a negative feature. I don’t agree with the two state solution implied in the article.

The enduring influence of Marx’s masterpiece

Today’s Imperialist Clashes ‘Are Driven by Economic Rivalry’ A must read Unlike classical imperialism, write Costas Lapavitsas  the driving force of contemporary imperialism  “springs from this pairing of internationalized industrial with internationalized financial capital. Neither dominates the other and there is no fundamental clash between them. Jointly they comprise the most aggressive form of capital known to history.” And  this pairing of capitals  “thrives on unfettered access to global natural resources, cheap labor power, low taxation, loose environmental standards, and markets for its industrial, commercial, and financial components. The United States will obviously not submit to the challenge and draws on its vast military, political, and monetary power to protect its hegemony. That makes it the main threat to world peace.”  It implies there is now a world peace that is under threat. I don’t think there is world peace. “The socialist left must oppose...

A must read Unlike classical imperialism, write Costas Lapavitsas   the driving force of contemporary imperialism   “springs from this pairing of internationalized industrial with internationalized financial capital. Neither dominates the other and there is no fundamental clash between them. Jointly they comprise the most aggressive form of capital known to history.” And   this pairing of capitals  “thrives on unfettered access to global natural resources, cheap labor power, low taxation, loose environmental standards, and markets for its industrial, commercial, and financial components. The United States will obviously not submit to the challenge and draws on its vast military, political, and monetary power to protect its hegemony. That makes it the main threat to world peace. The socialist left must oppose imperialism, while recognizing that the United States is the main aggressor. But that ought to be done from an independent position that is openly anti-capitalis...

This will not happen soon, Cori, especially when accommodating voices, if not complicit ones, of people like Alexandria Ocasio-Cortez are betraying their own principles. But in exposing the crimes and the complicity in crimes of power and wealth,   words of defiance against nefarious outfits   are always needed.

Interview with Kevin B. Anderson Related A multi-polarity: a new alignment?

What does fascism mean today?

[C]apitalism is historically coherent—if “vast but weak”—from the long sixteenth century; co-produced by human and extra-human natures in the web of life; and cohered by a “law of value” that is a “law” of Cheap Nature. At the core of this law is the ongoing, radically expansive, and relentlessly innovative quest to turn the work/energy of the biosphere into capital (value-in-motion). If the destructive character of capitalism’s world-ecological revolutions has widely registered—the “what” and the “why” of capitalism-in-nature—there has been far too little investigation of how humans have made modernity through successive, radical reconfigurations of all nature. How capitalism has worked through, rather than upon nature, makes all the difference. —Jason Moore,  Capitalism in the Web of Life

My introduction: To understand the crisis of the National Health Service, the bad handling of the pandemic*, stagnant economy, weak productivity, a state struggling to invest adequately in the green economy, inability to build enough and affordable houses, expensive rent, decades of poor investment in infrastructure by OECD measures, consumption, and consumerism, driven by debt, Labour/Conservatives capitalist values, one has to look at the economic model of the British economy. In reviewing Brett Christophers’s work, Cédric Durant has provided a good overview of such an economic model of accumulation and its ramifications as well as some criticism of Christophers’s take on capitalism in general and what might replace it. ——— *I doubt it that the recently publish report will ever mention the economic model pursued by Britain for more than four decades and how it played a major role in the infrastructure of health and the well-being of the Brits. ***** Few today will need convincing th...