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Marx warned that capitalism has built within it the seeds of its own destruction.... Unable to expand and generate profits at past levels, the capitalist system would begin to consume the structures that sustained it. It would prey upon, in the name of austerity, the working class and the poor, driving them ever deeper into debt and poverty.... Politics would become subordinate to economics, leading to political parties hollowed out of any real political content and subservient to corporations.... Capitalist oligarchs hoard huge sums of wealth, $7.6 trillion stashed in overseas tax havens.... In the end corporate monopolies obliterate free market competition.... Corporations feast on taxpayer money. The government is committed to spending $348 billion over the next decade to modernize nuclear weapons.... We spend $100 billion a year on intelligence, surveillance, and 70% goes to private contractors.... Department of Education spends $68 billion a year. Wall Street and hedge funds behind the charter school industry view public education as one more source of revenue.... Public lands, prisons, schools, water and power utilities, parking, sewers, garbage collection and health services are being sold off or privatized by desperate towns, cities and states. None of these seizures of basic services by for-profit corporations makes them more efficient or reduces costs. That is not the point. It is about extracting money from the carcass of the state. (en) |
