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finance capitalism

Detroit is the Nexus of New American Apartheid

A Black Agenda Radio commentary by executive editor Glen Ford

“What is emerging in the second decade of the 21st century is a new version of American Apartheid, in which the inhabitants of largely Black urban centers are denied a meaningful vote or the legal capacity to safeguard their collective and individual property from the grasping hands of the rich.” A conference in Detroit confronts the crisis, October 5 and 6.

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Wall Street’s Untouchables

A Black Agenda Radio commentary by Glen Ford

The Obama administration is willing to cut an infinity of deals for the Lords of Capital. Two Crimes Of The Century in a row have produced no serious criminal prosecutions of individuals. Attorney General Eric Holder gave out “so many immunities from prosecution he looked like Abraham Lincoln on Emancipation Day.”

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Obama's Justice Department Rushes to the Rescue of LIBOR Criminals

 

A Black Agenda Radio commentary by Glen Ford

The Justice Department has launched a flurry of phony investigations in the LIBOR scandal, with the ultimate aim of protecting the banks from the consequences of their crimes. That's the same role the Obama administration played in the “robo-signing” scandal: immunizing the criminals. In the LIBOR scheme, Attorney General Holder and his crew will try to shield the banksters “from legal action by a host of other government agencies and, ultimately, from the global universe of parties that have been harmed by the bankster’s schemes.

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LIBOR Ain’t Nothing But an Acronym: We Must Abolish the Finance Capitalist Class

 

A Black Agenda Radio commentary by Glen Ford

The LIBOR scandal is only a big deal, in that it shows once again that global capital is a thoroughly criminal enterprise. Tinkering will not do – the class that created the system must be disempowered. The $1,000 trillion derivatives casino “is a bomb – a world-threatening monstrosity – that must be dismantled.” LIBOR is merely “a gauge on the console of the bankers’ crime machine.”

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Ecocide & Genocide Are The Secret of Capitalist Efficiency

A Black Agenda Radio commentary by Bruce A. Dixon

We hear all the time about what geniuses the masters of capital, the lords of innovative technologies and global supply chains are. But are modern supply chains really that different from the transAtlantic slave trade, which brought genocide of Native American and African peoples and destruction of natural environments?

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Obama: The “Trust-Buster” Who Never Busted a Trust

 

A Black Agenda Radio commentary by Glen Ford

Obama claims that bailing out the banks “infuriated” him. Lucky for them. “When Obama supposedly got furious at the banks, he put the whole government and the Federal Reserve at their beck and call and funneled more than $16 trillion into their accounts.” We could all profit by becoming the objects of Obama’s rage. He also imagines he’s Teddy Roosevelt – except for the fact that Obama, as president, has never shown the slightest inclination to bust up monopolies.

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Barack Obama and the Debt Crisis: a Successful Con Game Explained

by BAR managing editor Bruce A. Dixon

What just happened? Did Barack Obama just save the world, and us from a looming debt catastrophe? Or has he just played good cop to the Republican bad cop in an elaborate hoax staged to circumvent the will of the American people and deal mortal blows to Medicaid, Medicare and Social Security?

Michigan’s “Emergency” Financial Regime: What Fascism Looks Like

A Black Agenda Radio commentary by Glen Ford

Michigan’s Republicans are creating a legal model for American fascism for the benefit of Wall Street. The state’s new emergency financial management legislation “is the prototype for a host of laws designed to make government – the state – a compliant tool for a dictatorship of the most predatory sections of the ruling class.” Naturally – this being the United States – the first localities targeted for de-democratization are Black.

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Obama’s Deficit Commission “Shows the Hand” of Corporate Democrats and Their Republican Allies, says Nader

The recommendations put forward by the two co-chairs of President Obama’s deficit reduction commission are so “over the top,” says consumer advocate Ralph Nader, “if there’s anything that ought to get the liberal left going, it’s this monstrosity, which Obama has to take some responsibility for.” The former presidential candidate says the assault on social programs “shows the hand of the corporate Democrats and their Republican allies in a very distinct way.” What’s not in the co-chairs’ proposal is as glaring as what’s included. “They didn’t say we should have a speculation tax on derivatives and other transactions of Wall Street,” for example, “which economists have estimated could raise $400 billion a year.”

Black Is Back Rally in Washington, DC

Eugenia Charles reports on the cholera epidemic in Haiti, where international aid “is not being used to support the Haitian people”; People’s Organization for Progress director Larry Hamm calls for renewed grassroots organizing to “build a movement stronger than the one we had in the Sixties”; and Black is Back chairman Omali Yeshitela says Barack Obama represents “white power in a Black face.”

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The Unraveling of the Empire of Finance Capital

by BAR executive editor Glen Ford

The more the Wall Street financial class dominates political affairs in the United States, the sooner they will meet destruction. By giving the banksters everything they wanted, including free money, the Obama administration actually accelerated the processes of finance capital’s decline. That’s because, unfettered, capital behaves in ways that make its contradictions even more acute.

All Power to the Casinos! Death to the Social Safety Net!

 

A Black Agenda Radio commentary by Glen Ford

Global capital is attempting to sound the death knell for European social democracy and its much weaker American cousin, the safety net. Bankers dictate the terms of social and economic policy on both sides of the Atlantic. “Barack Obama is showing his corporate teeth and running hard with the global banking wolf pack.”

 

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The Great Black Hole of Casino Capitalism

depressionA Black Agenda Radio commentary by Glen Ford

If all the talk of economic “recovery” sound insane to the growing ranks of the unemployed and dispossessed, they're right. “The great investment banks are through, dead and gone, no longer willing or able to gather trillions in capital for any enterprise vaguely resembling national economic development.” All that's left is The Casino.
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