Leigh Phillips, author of the People’s Republic of Wal-Mart, discusses how crises have shown markets to be inefficient at meeting needs and demand. How capitalist corporations such as Wal-Mart and Amazon operate with central planning instead of market mechanisms. Why central planning doesn’t lead to authoritarianism and how instead, authoritarianism undermines central planning such as in the Soviet Union and China. How Coronavirus is forcing capitalist economies to take a central-planning approach. The myth that free markets allow more risk-taking and innovation and much more!
Yanis Varoufakis On 23rd October, Yanis Varoufakis testified in front of the Jury of Conscience in the context of the Gaza Tribunal. His speech focused on the economic forces underpinning the genocide of the Palestinian people. In particular, he spoke on the manner in which capitalist dynamics have historically fuelled the white settler colonial project and, more recently, how the accumulation of a new form of capital - which he calls cloud capital - has accelerated, deepened and amplified the economic forces powering and propelling the machinery of genocide.
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