Capitalism

In The Eighteenth Brumaire of Louis Napoleon, Karl Marx observed that class struggle can create circumstances and relationships that make “it possible for a grotesque mediocrity to play a hero’s part.”1 Donald Trump can be viewed as one such grotesque mediocrity, inflated to “heroic” proportions by his reactionary followers. Unwilling to accept defeat, Trump attempted to seize power after losing the 2020 presidential election.

Dec. 5, 2021

Dec. 5, 2021

Dec. 5, 2021

An unusual special election in Seattle’s District 3 on December 7 will decide whether avowedly socialist City Councilor Kshama Sawant will be recalled from her position. The fact that Sawant’s seat is under dire threat is indicative of the contempt that Seattle’s business interests hold for her and her policies: The considerable victories Sawant has won for working people have made her the target of some of Seattle’s most powerful forces.

Dec. 2, 2021

So much for trying to get sympathetic media notice for progressive causes. Good thing we have the Burnaby Now, the National Observer, this new publication--The Maple, and a few others. I don't know much about small media in other parts of BC and Canada. But big media, like all big corporations, serves the "iron law of profit," not us.

     Gene McGuckin

Nov. 12, 2021

December 6, 2021

Dec. 3, 2021

Big Six raising fees, despite profits hitting all-time high of $57 billion in 2021

Christmas is coming early for Canada’s bankers. 

The six largest banks hit record-breaking profits in 2021 and will pay out massive bonuses at year’s end, newly released fourth quarter earnings reports show.

On the strength of a combined $57.4 billion in profits, the Big Six are paying out $18.8 billion in bonuses before the holidays.

Nov. 26, 2021

As investors look to profit from the carbon-offset gold rush, demand for land is soaring. But letting Big Finance restore nature may come at a cost

(Dec 01, 2021) John Bellamy Foster is the editor of Monthly Review and a professor of sociology at the University of Oregon. John Molyneux edits the Irish Marxist Review, is a member of People Before Profit, is coordinator of the Global Ecosocialist Network, and has written widely on Marxism and ecosocialism. Owen McCormack is a longstanding socialist activist. He is a bus driver who has also worked as a parliamentary researcher for People Before Profit, with a special focus on ecology.