Today, 4 July is the US Independence Day. Following the American Revolution of 1776, the United States declared independence from the British Crown. However despite the fiery rhetoric about all “men” being “equal” and possessing certain “inalienable rights”, the new freedoms didn’t apply to everyone. Slavery continued for nearly another century, the almost total genocidal annihilation of Native Americans accelerated and over the coming years women gradually lost their voting rights. This is Howard Zinn’s critical history of the revolution: https://libcom.org/history/peoples-history-american-revolution https://www.facebook.com/workingclasshistory/photos/a.296224173896073/1160189447499537/?type=3
this is why they’ve built the weird hell that is the lifeblood of silicon valley - the market bubble of harvested internet advertising data, which isn’t based on any sort of material production and as such threatens to burst with a disastrous economic collapse
That’s the opinion of one of the select band of economists who predicted the 2008 economic collapse, which started with the bankruptcy of Lehman Brothers bank a decade ago and ended up affecting every country in the world.
Ann Pettifor predicted that crisis in 2006, more than two years before it actually struck.
Now she thinks the global economy is in danger once more thanks to huge corporate debt, and the prospect of rising interest rates in the United States.
