“The poor whites' own position - vis-a-vis the rich and powerful - was not improved, but rather weakened by the white-skin privilege system.” ~ Theodore Allen, Class Struggle and the Origin of Racial Slavery: The Invention of the White Race, 1975 “The ‘white race’ is historically the most general form of class collaboration.” ~ Theodore Allen, … Continue reading Can White People ‘Organize Their Own’ Against White Racism?
by Kathleen Wallace edited by O Society April 11, 2020 The COVID-19 pandemic laid waste to the notions of American Exceptionalism (other than perhaps an exceptional level of infection) and the unsustainable practice from the last couple of decades that reality is essentially what you force it to be. It’s the magical thinking that if you … Continue reading The Highly Contagious Idea
“They sow the wind, And reap the whirlwind. The stalk has no bud; It shall never produce meal. If it should produce, Aliens would swallow it up. ~ Hosea 8:7 KJV by Louis Putterman edited by O Society March 20, 2020 Thomas Piketty’s dry academic tome, Capital in the Twenty-First Century, reached the top of … Continue reading The Great Leveler
https://youtu.be/04E8Y8nDfRQ by Nomi Prins edited by O Society March 14, 2020 Whether you’re invested in the stock market or not, you’ve likely noticed it’s on a roller coaster lately. The White House and most of the D.C. Beltway crowd tend to equate the performance of the stock market with the broader economy. To Donald Trump’s extreme … Continue reading A Global Dr. Frankenstein at Work: the Virus, the Fed, and Inequality
by O Society Feb 10, 2020 One of our O Society people sent the following message: It seems like with a country this big we would have better choices. I am afraid Trump is going to win again. I am amazed by how many people we know who really, really support Trump. One recently confronted … Continue reading Why Does Bernie Sanders Call Himself a “Socialist?”
by Cheikh Diop edited by O Society Jan 3, 2019 Introduction The term ‘white supremacy’ (WS) is being used a lot these days, finding a home in many discussions on social media and in activist circles. Definitions of WS largely fall into two categories, that it is a belief system or that it is an elitist, … Continue reading White Supremacy and Capitalism: Separated at Birth?
by Eugene McCarraher edited by O Society October 22, 2019 Perhaps the grandest tale of capitalist modernity is entitled ‘The Disenchantment of the World’. Crystallised in the work of Max Weber but eloquently anticipated by Karl Marx, the story goes something like this: before the advent of capitalism, people believed that the world was enchanted, pervaded by … Continue reading Mammon & the Disenchantment of the World
by Yves Smith edited by O Society September 19, 2019 Surprisingly, no one commented on a link to an important article by the Financial Times’ esteemed economics editor, Martin Wolf: why rigged capitalism is damaging liberal democracy, which weighed in as a major feature, as opposed to his usual column length. Wolf’s article is noteworthy by … Continue reading The Financial Times’ Martin Wolf Discovers Rentier Capitalism and Financialization Increase Inequality and Hurt Growth
by Joel Kotkin Daily Caller edited by O Society September 15, 2019 Despite the media’s obsession on gender, race and sexual orientation, the real and determining divide in America and other advanced countries lies in the growing conflict between the ascendant upper class and the vast, and increasingly embattled, middle and working classes. We’ve seen … Continue reading Neo-Feudalism: The Real Conflict Is Not Racial Or Sexual, It’s Between The Ascendant Rich Elites And The Rest Of Us
Housing insecurity in the nation’s richest cities is far worse than government statistics claim. Just ask the Goodmans. by Brian Goldstone edited by O Society September 10, 2019 Last August, Cokethia Goodman returned home from work to discover a typed letter from her landlord in the mailbox. She felt a familiar panic as she … Continue reading The New American Homeless