Capitalism means Crisis and Trade War

by Elmar Altvater and Christian Schroeppel

`Capitalism contains crisis as rainclouds contain rain, said Jean Jaures, a 19th-century French socialist. Big Pharma, Big Wall Street, and Big Military Complex have armies of lobbyists. False concepts that financial markets are efficient and tend to equilibrium still rule economics.

Cynicism and doublespeak dominate. The powerful create one set of rules for themselves. Trump boasts that he hasn’t paid taxes./ Trillions were lavished on corporations and wealthy individuals in the two GOP tax heists. Communities and states suffer revenue shortfalls.

We the People should govern and politics should control economics. The state should represent the public interest and fight poverty.

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