With the Australian Department of Immigration and Citizenship already under siege over the treatment of refugees in detention camps, deaths in custody, and the abandonment of the principals of the UN Convention on refugees in…
Tag: competition
Fed President: Too Big Banks Are Just Crony Capitalists Reuters notes that the president of the Federal Reserve Bank of Dallas – Richard Fisher – said yesterday: The largest U.S. banks are “practitioners of crony…
Capitalism is based on managing its inherent crises. It is also based on the need to maximise profit, beat down competitors, cut overheads and depress wages. In the 1960s and 70s, in the…
Socialism versus Capitalism: Who Will Win? Revolutionary Consciousness as a Material and Motive Force An old aphorism says: “A conservative is a liberal who has been mugged; and a liberal is a conservative who has been…