Daily Archives: February 5, 2024

2024-02-05: News Headlines

WSWS (2024-02-04). Rising inequality provokes strike wave in Turkey. wsws.org Social inequality, deepened by the high inflation and cost of living in recent years, is provoking a wave of working class struggles.

Chris Mills Rodrigo (2024-02-05). It's Not 'Inflation' — We're Just Getting Ripped Off. Here's Proof. inequality.org Many Americans are still experiencing the sticker shock they first faced two years ago when inflation hit its peak. But if inflation is down now, why are families still feeling the pinch? The answer lies in corporate profits — and we have the data to prove it. Our new report for the Groundwork Collaborative finds that corporate profits accounted …

Andrés Tapia Arias, Andrés Madrid Tamayo, People's Dispatch. (2024-02-05). Capitalism And Drug Trafficking In Ecuador. popularresistance.org Ecuador is experiencing a wave of organized crime violence that is linked to structural problems. It is the product of a complex context divided between the increase in poverty, new drug routes worldwide and the emergence of a local narco-bourgeoisie. Amid all this, a global crisis of neoliberal capitalism, and consequently, the decomposition and rupture of the social pact between classes, peoples and hegemonic blocks. | In this context, the Government of Daniel Noboa has decided to confront the wave of drug crime that is drowning Ecuador through the declaration of internal armed conflict. In other words, war aga…

_____ (2024-02-05). Wealth of Five Richest Men Doubles Since 2020 as Five Billion People Made Poorer in "Decade of Division," Says Oxfam. transcend.org 15 Jan 2024 – * Fortunes of five richest men have shot up by 114 percent since 2020. * | * The world could have its first-ever trillionaire in a decade; it would take over two centuries to end poverty. *…

Binoy Kampmark (2024-02-05). When Much is Too Much: Elon Musk's Compensation Package. counterpunch.org When is the acquisitive nature of open frontier capitalism too much? When Elon Musk is told that US$56 billion as a pay package is unfair. This, at least, was the finding by Delaware Court of Chancery by Judge Kathaleen McCormick regarding the spellbinding 2018 compensation package for the planet's wealthiest human being. McCormick and Musk already have

David Bollier. (2024-02-05). Using Solar Commons To Decentralize And Share Solar Energy. popularresistance.org Energy from the sun is sure one of the most pervasive forms of common wealth. So why not capture and share that wealth more widely with everyone? | That's the basic idea behind the Solar Commons, a prototype project that uses revenue streams from solar energy and partnerships to build community wealth. The primary vehicle is a Solar Commons trust agreement among diverse community groups and the owner of a solar power array. | The driving force behind this socio-legal innovation has been Kathryn Milun, a community-engaged scholar, writer and energy democracy advocate.

infobrics (2024-02-05). The BRICS Wealth Report: Challenging the Global Economic Order. infobrics.org The total investable wealth currently held in the BRICS bloc amounts to USD 45 trillion and its millionaire population is expected to rise by 85% over the next 10 years, according to the inaugural BRICS Wealth Report, published by international investment migration advisory firm Henley & Partners in partnership with global wealth intelligence firm New World Wealth…

El Desconcierto (2024-02-04). Chile: The health of the poor. pressenza.com The health of the poor does not matter to us as a society, not even when we talk about children. We simply do not see the suffering of others. And don't tell me that it can't be solved. We could use all, absolutely all, of the wealth that lithium will bring to take care of our children and old people, instead of handing it over privately and settling for royalties or taxes. | By Esteban Celis Vilchez | When people talk about the solidarity of Chileans, classically manifested in that pathetic walk of egos and marketing that is the Telethon, I can only continue to be amazed at our infinite capacity to lie to oursel…

NEOB (2024-02-05). President Ramaphosa to engage with youth. sanews.gov.za President Ramaphosa to engage with youth | President Cyril Ramaphosa is expected to hold a Presidential Youth Engagement at the Belhar Sports Centre in Cape Town on Tuesday. | The engagement forms part of the National Youth Development Agency's reflection on the three years since the initiation of the Presidential Employment Stimulus (PES) and Presidential Youth Employment Intervention (PYEI). | "During this engagement, young people will have access to a Training Hub, facilitating interactions with trainers, mentors and peers who have benefited from the intervention. | "Additionally, an Opportunities Hub will sho…

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