GameStop and Investor Activism: The Real Story is the Dead-End of Capitalism

"Beyond the distraction of the short squeeze story, a bigger issue is gathering. Fuelled by the massive creation of money which has… More gone into overdrive during the recent pandemic, the stock market has entered even bigger bubble territory and is increasingly threatening a crash. Recently massive names such as Apple and Facebook issued great earning reports which previously would have sent their stocks to greater heights, but instead resulted in falls. The short squeeze has only added to growing doubts about the future of a decade-long rally.

ITLOS JUDGMENT
KNOCK OUT BLOW FOR UK-USA ON CHAGOS ISSUE

Sometimes a knock-out comes from a glancing blow or 'kalot flite'.
This is what has happened in the apparently low-stakes dispute between Mauritius and Maldives over the delimitation of their maritime boundary.

The International Tribunal for the Law of the Sea (ITLOS) under the UN’s… More Convention on the Law of the Sea on 28 January found, on a preliminary issue raised by Maldives, that Britain has no claim on Chagos. Not even “a claim”.

Great sound track. No wonder the west is so afraid and jealous of China. No cities look like that in Europe or the US. Yes American media will never show anything positive about China lest their people develop an inferiority complex.

The Trump Era is Over, Now it's Time for Biden

"Attitudes have not changed, nor will they change, on the delicate and by far the most important problem of "China". In the same announcement in the Senate,… More Blinken strongly underlined that "Donald Trump has often been right about China". The continuity between the two Administrations is more than obvious, cemented by the same problems of imperialist hegemony between the two powers in the four corners of the world. China has long since conquered the world market for low-cost consumer goods. Now it declares itself to be a "competitor" in the field of high technology. It holds a significant portion of the American public debt. Xi Jinping dared to… More

Representative Alexandria Ocasio-Cortez assailed the trading curbs imposed on GameStop Corp. by Robinhood Markets Inc. and other platforms, saying the restrictions on high-flying stocks demand closer scrutiny… More from U.S. regulators and Congress.
The New York Democrat, a top voice in the progressive movement and a member of the House Financial Services Committee, said in a series of tweets that she would favor holding hearings on restrictions affecting stocks such as the video-game retailer GameStop, which fell as much as 68% Thursday after curbs were imposed.

This is a BLAST;
— a cash transfer from Wall Street to MAIN Street for a change, while kicking Wall Street's ASS...
This blizzard of financial activity will result in lots of winners and losers, but some of… More these winners will Win BIG, and Wall Street Big Shots who've derided them for years as 'know nothing pests' are pulling their hair out.

Paltry Returns on Capital and an Enormous Debt Pile Are Bringing the World Economy to its Knees by Fabio Damen

The following piece is a slightly condensed translation of the Italian original, published in the… More January edition of Battaglia Comunista, journal of the ICT’s founding section in Italy.