For Humanity’s Sake, Ukraine War Must End – Wilkerson

The Analysis News has the interview For Humanity’s Sake, Ukraine War Must End – Wilkerson.

An important Chinese commentator warns that a cornered Russia may lead to “unimaginable consequences”. Larry Wilkerson says there must be immediate negotiations to end the war to avoid the danger of nuclear conflict and to refocus the world on the climate crisis. Wilkerson and Jay also discuss rising fascism in the U.S.


I don’t agree with everything these two have to say. I think some of what they say is driven by a compelling need to show their credentials as skeptics of all sides.

The movie clip that Paul Jay has chosen to end this video is very chilling to say the least. I feel personally threatened by what is happening in the world these days.


Enlistment in Russia

Just in case you missed the USA corporate media reporting this side of the story you can view it on Telegram.

In the military registration and enlistment office in the south of Moscow, the reservists went to the training units, where they will undergo combat training.


More US Employers Are Trapping Workers in a New Form of Indentured Servitude

Truthout has the article More US Employers Are Trapping Workers in a New Form of Indentured Servitude.

Bosses in industries such as retail, health care and logistics are reverting to an old tactic and trapping people in miserable jobs by threatening to saddle them with debt if they quit. Workers across the United States in fields ranging from nursing to trucking have been discouraged from leaving jobs they hate or can’t afford to keep because employers vow to charge them for training costs if they quit before an arbitrary deadline.

When I started my career, most corporations paid employee’s tuition in part-time graduate school. People were free to change jobs, but I figured that corporations saw this as a contribution to the education of the work force that all corporations made. If the corporation that sponsored a particular employee didn’t get to keep that employee, then they could replace the employee with one whose education had been sponsored by another corporation. Eventually some vulture capitalists realized that they didn’t have to pay for this education if some other sucker corporation was around to pay for it.

That old system could not survive as more corporations decided to let someone else pay for that education. As a society, we have to decide how we are going to pay for what the society needs.

As long as capitalists determine they can get a free ride on the services the society provides, then the situation will just deteriorate further.


Anti-Capitalist Chronicles: Beyond Reorganization of Production

Democracy At Work has published David Harvey’s podcast Anti-Capitalist Chronicles: Beyond Reorganization of Production.

In this episode of Anti-Capitalist Chronicles, Prof. Harvey considers a looming question: is capitalism too big to fail? He speculates on what approaches may lead to a successful socialist alternative. Is it a reorganization of the productive forces? Or redistribution of wealth? Or both?

Lots of good questions without any answers yet. Makes Democracy at Work seem like a rather ill thought out “solution”.


‘Black Swan’ author Nassim Taleb says years of zero interest rates destroyed the economic structure and created ‘tumors like bitcoin’

Yahoo! Finance reprinted the article ‘Black Swan’ author Nassim Taleb says years of zero interest rates destroyed the economic structure and created ‘tumors like bitcoin’.

“At zero interest rates … for long periods of time, you are hurting the economy. You’re creating bubbles, creating tumors like bitcoin, creating hedge funds that should not exist but have existed for 15 years,” said the former options trader whose New York Times bestseller focuses on understanding extreme and unpredictable events.


This is why I am such a fan of Taleb.


The Odds of a Bad Outcome are Rising

Stephaiee Kelton has written the article The Odds of a Bad Outcome are Rising.

My piece was full of ideas about how to tackle a potential—but not yet real—inflation problem. I wrote about supply bottlenecks, immigration and trade policies, taxes, lowering health care costs, building manufacturing capacity, and more. I described a whole suite of inflation-dampening policies, many of which were later embraced by the administration and by some of the economists who initially dismissed my piece on the grounds that mainstream economics tells us that any inflation threat can easily be contained by monetary policy. I explained in this thread why I disagreed with that view.

Loads of reference that I’ll have to check out.


Scott Ritter on Ukraine’s counter-offensive, Russia’s next move

YouTube has the video Scott Ritter on Ukraine’s counter-offensive, Russia’s next move.

Was the Ukrainian military’s advance around Kharkiv a turning point in the Ukraine proxy war? Will Russia have to escalate? Has the US crossed a red line with its participation in the war? Military expert and former UN weapons inspector Scott Ritter joins The Grayzone’s Max Blumenthal and Aaron Mate live to discuss.


Perhaps the most disturbing part of this comes at the very end. In essence, they reveal that the USA Congress and Government has appropriated money to have these reporters killed.


Michael Hudson on Student Debt Relief, Inflation, Ukraine Disaster Capitalism, Petrodollar Challenge

Naked Capitalism has posted the article Michael Hudson on Student Debt Relief, Inflation, Ukraine Disaster Capitalism, Petrodollar Challenge. It has a transcript of the interview below.

Economist Michael Hudson joins Multipolarista host Ben Norton to discuss partial student debt relief in the US, inflation and the Fed, disaster capitalism in Ukraine, and China’s challenge to the petrodollar.


As a fan of both Michael Hudson and Fadhel Kaboub, this interview was a powerful reminder of the one area where I disagree with Fadhel Kaboub and strongly agree with Michael Hudson, I think Michael Hudson’s view of the inflation battles of the 1970s and 1980s is much closer to reality than Fadhel Kaboub’s explanation. Fadhel, being originally from Tunisia, has a view of the 1970s and 80s that is constrained by affairs of the middle east. Michael Hudson’s views are much more focused on the events in the USA’s military adventures in the far east, particularly surrounding the Vietnam War. I wish I could get Fadhel to pay more attention to what Michael Hudson has to say. Even in this interview, Michael Hudson had some surprising (to me) clarifications of some economic history.


SCOTT RITTER: Mikhail Gorbachev, a Vector of Change

Consortium News has published the article SCOTT RITTER: Mikhail Gorbachev, a Vector of Change.

From the ashes of failure, a new world order is arising some 30 years after Gorbachev and the Soviet Union entered the history books as has-beens. The multi-polar challenge to U.S. singularity that is being mounted by Russia, China and others was only made possible by the forces of change that were unleashed because of Gorbachev’s spectacular failure as a Soviet leader.

While this was not the objective of Gorbachev when he initiated his Perestroika-based “revolution,” it is an undeniable consequence. History is made by what can best be described as vectors of change.

For better or for worse, that emerges as the most fitting epitaph for the man: Mikhail Gorbachev, a vector of change who shaped world history.

This is about the most even-handed analysis that I could imagine.


Stephanie Kelton on how to cancel student debt

YouTube has the video Stephanie Kelton on how to cancel student debt. This is from October 2018, but it still applies.

Stephanie Kelton speaks at The Student Debt Crisis: Policy, Economics, and Politics of Student Debt Cancellation, Harvard University, October 3, 2018. Stephanie Kelton is Professor of Public Policy & Economics at Stony Brook University. She previously served as chief economist on the Senate Budget Committee and a senior economic adviser to Bernie Sanders’s presidential campaign.


If you are willing to listen, you might learn something. Otherwise, you could claim that economics is so simple, you already know it all, so there is no reason to learn more.