Tag Archives: cartel

The Green Face of BlackRock

Discussion on the Direction of the Economy | PETER EWART

“The Great Reset”

At a time when youth, workers and people all over the globe have deep concerns about climate change, the environment, and the political and economic system itself, influential factions of the global financial oligarchy are calling for a “Great Reset” of the financial system in the wake of the COVID-19 pandemic; or to put it another way a “better” or “repurposed” capitalism, one which can supposedly ensure its preservation. Such calls for a “systemic change” and a return to “stakeholder capitalism,” especially in regards to climate change, are coming from various organizations of the North American and European oligarchies including the World Economic Forum,[1][2] U.S. Business Roundtable,[3] Climate Action 100+,[4] and other oligarchic bodies. Continue reading

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BlackRock – The super cartel

Canadian government hands over key advisory and decision-making power to super cartel | PETER EWART

The unfolding worldwide pandemic is bringing with it a profound financial crisis. How the crisis will be dealt with is a question on the minds of working people around the world. In Canada, working people face the additional complication that as yet, they do not set the direction of the economy, which is controlled by a financial oligarchy and governments in their service.

A financial crisis is itself nothing new; crises are inherent to the capitalist system espoused by the financial oligarchy. To prop itself up, as the financial oligarchy lurches from crisis to crisis, its instruments and forms of organization mutate and change, like creatures from the Black Lagoon.[1] For example, out of the crises and corruption of the late 19th century came the merging of banking and industrial capital and the giant trusts and monopolies of the Robber Barons. And out of a cabal of leading U.S bankers on Jekyll Island in 1910 rose the Federal Reserve. In the 1990s, came the financial de-regulation of the banking sector and the welding back together, Frankenstein-style, of investment and commercial banking which contributed in a negative way to the sub-prime mortgage crisis and the Great Recession of 2008. And most recently, there is the “warm and fuzzy” statement from the U.S. Business Roundtable that the big corporations are responsible to all stakeholders, rather than the previous Milton Friedman configuration of only being accountable to shareholders. Continue reading

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International trade as a weapon of exploitation, chauvinism and war

Necessity for a new direction for international trade | K.C. ADAMS

In March, the U.S. government suddenly announced tariffs on $60 billion worth of Chinese exports to the U.S. and threatened even more. China has now retaliated with tariffs of its own against certain U.S. exports. Whatever the reasoning for these tariffs, the sudden imposition seriously disrupts the working lives of those involved in producing those goods in both China and the U.S. and those using the commodities either as a means of further production or articles of consumption. Modern industrial mass production cannot simply be turned on or off with the flick of a switch without causing widespread pain. This is no way to conduct economic relations among the peoples of the world. Continue reading

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Sobeys attacks workers and economy in Western Canada

Whose Economy? Who Decides? | Workers’ Forum

Since Sobeys’ 2013 takeover of Safeway in Western Canada, it has closed over 50 stores within its empire affecting thousands of workers and those who relied on those locations for groceries and other supplies. Fifty store closures alone were announced in June 2014, that the company asserted “logically follow the acquisition of Canada Safeway.” These included Sobeys, Safeway and IGA stores in the Maritimes, Quebec, Ontario, Manitoba, Saskatchewan, Alberta and British Columbia, with a majority in Western Canada. Continue reading

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Krupp and GE: The conspiracy trial of 1947

GE-KRUPPINTRODUCTION: Imagine a film about the Holocaust that makes no mention of the forces that built the concentration camps or established Hitlerite Germany. Imagine living in a country 70 years later where these same forces are celebrated as “good corporate citizens” – honoured for “creating jobs?” Then imagine that  Continue reading

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