Grand Theft Capital: The Increasing Exploitation and Robbery of the U.S. Working Class
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Grand Theft Capital: The Increasing Exploitation and Robbery of the U.S. Working Class

While outright expropriation, or robbery, is always present in capitalism, as an external basis of its existence, the inner dynamic of the system arises from the exploitation of labor power, a more hidden form of robbery.

Why China Can’t Pull the World Out of a New Great Depression
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Why China Can’t Pull the World Out of a New Great Depression

The prospect of the Chinese economy being a growth locomotive to lift the rest of the world from looming depression is virtually nil at this point. The massive BRI is mired in massive loans to countries unable to service the debt. Attempts to boost domestic China growth by relying on a consumer boom are also presently doomed.

Budget 2023–24: What Is in it for the People? Part 5: Hike in Capital Expenditure
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Budget 2023–24: What Is in it for the People? Part 5: Hike in Capital Expenditure

While the budget outlay is stagnant in real terms, the FM has announced a hike in capital expenditure — of a whopping 37.4%. This is the third year in succession that she has announced a big hike in capex. She claims this “enhance growth potential and job creation”. Will it?