Pinned toot

New today - On Absolute Power, Nixonian Machinations & Trump’s Fascist Fulminations:

What the media is and isn't covering properly about Trump's low key war against Fauci and his most recent unhinged coronavirus response press conference.

ninaillingworth.com/2020/04/16

Show thread
Pinned toot

New this morning - Episode 9 of No Fugazi is out and it is with great sadness that my co-host Nick Galea and I present you the only Bernie Sanders 2020 campaign autopsy you absolutely must listen to:

ninaillingworth.com/2020/04/13

What went wrong? Tune in to find out but spoilers: you can't fight half a class war.

Show thread
Pinned toot

Well, it's been a little while but I had a spare evening home sick, so I re-read and then reviewed The Chapo Guide to Revolution - despite its comedy origins, this is a surprisingly effective book for the aspiring millennial leftist (or really, anyone who isn't a book nerd history dork)

canchewread.tumblr.com/post/61

- nina

Show thread
Pinned toot

Good morning - the latest edition of The Skinny went up last night and today we're talking about why the coronavirus relief package is a gamble on economic segregation, why the only hope for the Pig Empire left is class-based organizing, and why it doesn't matter if Bernie stays in or drops out because the Democratic Party nomination contest is a farce with zero legitimacy already:

patreon.com/posts/35678234

- nina

Show thread

New today - On Absolute Power, Nixonian Machinations & Trump’s Fascist Fulminations:

What the media is and isn't covering properly about Trump's low key war against Fauci and his most recent unhinged coronavirus response press conference.

ninaillingworth.com/2020/04/16

Show thread

New this morning - Episode 9 of No Fugazi is out and it is with great sadness that my co-host Nick Galea and I present you the only Bernie Sanders 2020 campaign autopsy you absolutely must listen to:

ninaillingworth.com/2020/04/13

What went wrong? Tune in to find out but spoilers: you can't fight half a class war.

Show thread

Well, it's been a little while but I had a spare evening home sick, so I re-read and then reviewed The Chapo Guide to Revolution - despite its comedy origins, this is a surprisingly effective book for the aspiring millennial leftist (or really, anyone who isn't a book nerd history dork)

canchewread.tumblr.com/post/61

- nina

Show thread

Good morning - the latest edition of The Skinny went up last night and today we're talking about why the coronavirus relief package is a gamble on economic segregation, why the only hope for the Pig Empire left is class-based organizing, and why it doesn't matter if Bernie stays in or drops out because the Democratic Party nomination contest is a farce with zero legitimacy already:

patreon.com/posts/35678234

- nina

Show thread

New this week - my partner in crime (Nick Galea) is back in the saddle as we tackle media silence on Biden sexual assault allegations and GOP pandemic profiteers in the US Senate.

No Fugazi Episode VIII: Smooth Criminals

ninaillingworth.com/2020/04/04

Warning: by necessity, we discuss sexual violence against women in this episode. No shock jockery here but the subject matter is quite serious and may alarm some listeners.

Show thread

And unless something changes soon – they're probably right.

/end

Show thread

Is this a horrifying gamble? Sure, it is – you would have to presume that eventually the money and credit is going to run out and everything will implode. The simple truth however is that neither our leaders, or the vampire scions of elite capital who pull their strings, really give a damn; much like climate catastrophe they're pretty sure everyone else is going to suffer more from the Morlock-ification of our economy than they do.

Show thread

In other words, with the rise of the western (primarily Wall Street in America, and The City in the UK) financial sector to complete market dominance the rich are clearly betting that they don't *actually* need us to even just buy things anymore; they sure as sh*t realized they don't need to pay us to make products already, a long time ago. The coronavirus is merely a vehicle to help finish off this project of economic segregation embarked on decades ago throughout the Pig Empire.

Show thread

Nor do the rich particularly care if the public has income to tax, as they've discovered they can just force the government to issue debt and flee to more stable climates if that causes the nation itself to implode. Ironically, this means the ruling classes have in effect openly embraced some aspects of socialism and Modern Monetary Theory – albeit, only for themselves. Sure, we might *eventually* scratch our way to slave-wage levels of UBI, but the real social safety net here is for the rich.

Show thread

The simple truth is that the ruling classes do not actually care where their profits come from and indeed, it's much easier to simply tap the public coffers directly by pushing around completely in-pocket governments than attempting to satisfy customers or predict the whims of an ever-shifting consumer goods market.

Show thread

Not so fast because this brings us back to the financialization of our economy and the creation of keystroke money out of thin air by having the government issue debt. What if I told you that it is no longer clear that making and buying things is the keystone of the American economy? What if after decades of deregulation and bailouts, the investor class has created its own, separate economy based on transaction fees, asset trading and pure hog at the barrel appropriation of public monies?

Show thread

Ok, so the ruling classes really don't give a f*ck about us and they might actually be trying to kill off a certain portion of the population as some bizarre form of social engineering; fine, but the joke is still on them right? The real world economic impacts of none of us being able to buy consumer goods are still going to turn all their dreams to dust, eventually, right?

Show thread

This culture of raiding the piggy bank and let the consequences be damned also seems to dovetail perfectly with corporate elite attitudes about the coming rise of automated labor, the (largely overblown) problem of global overpopulation and bizarrely enough, numerous paranoid post-apocalyptic crash scenarios that seem to naturally attract the interest of the truly ultra wealthy.

theguardian.com/technology/201 & newyorker.com/magazine/2017/01 & salon.com/2018/07/16/we-asked- & vanityfair.com/style/2020/03/c

Show thread

Unless they take on huge debts to fight off the takeover, these successful companies will quickly be stripped of assets, which are sold off by the vulture capitalists and then the company will be purposely allowed to fail – often taking the debt acquired during the takeover process to the grave with it. In other words, within the confines of a financialized, hyper-capitalist Western economy, caring about the future of your business instead of immediate profits has become an unforgivable sin.

Show thread

This myopic, “me and now” type of operational procedure can most easily be seen in the world of corporate takeovers, where efficiently-run businesses that have accumulated significant capital assets and have failed to accumulate debt are considered a prime target for vulture capital firms. Using vast pools of capital to acquire favorable bank rates, these firms and investors will indeed often borrow money against the assets of the company they're trying to take over, to accomplish the deed.

Show thread

First and foremost is the reality that there is no such thing as long-term planning in modern corporate ideology and practice; business in America has become about satisfying the markets, collecting massive executive payouts and jumping clear of the ship before any short term profit taking turns into a long term problem. The immediate demands of banks, high-rolling investors and massive predatory pools of capital dictate corporate behavior, not the idea of building a lasting institution.

Show thread

Some of you with rudimentary backgrounds in economics however, are likely to be asking yourself how the ruling classes intend to sustain an economy in the long term like this; if nobody is working, there's nobody to buy products and if nobody is buying products, we're all doomed right? Unfortunately, this presumption quickly runs into two harsh realities of real world economics that they won't ever teach you in a textbook.

Show thread

At this point there seems very little reason in asking why this is happening or how the corporate class intends to get away with all of this in a legal sense; we live in a corrupt oligarchy and the mechanisms of our various states are wholly subservient to elite capital. There is really no other explanation required.

Show thread

All of which fairly neatly adds up to “sod off and die” to anyone who understands what happens to the consumer economy when everyone loses their jobs. Even the bourgeoisie are not immune as this massive corporate welfare and bailout program appears to be purposely excluding the merchant class and America's vaunted Main Street – it's a state-sanctioned corporate takeover.

Show thread

By contrast, at least in America, the labor class has been offered some degree of unemployment insurance, a one time cash subsidy of twelve-hundred dollars that might take four months to arrive, free coronavirus testing (the availability of which varies widely by state) and sporadic promises to delay but not absolve the payments of some rents. The picture is even more grim for prisoners, folks living in old age homes and of course, the homeless for whom there is no relief at all.

Show thread
Show more
Mastodon

Server run by the main developers of the project 🐘 It is not focused on any particular niche interest - everyone is welcome as long as you follow our code of conduct!