“That attitude has helped #tech #executives and their #investors rationalize away one of the most irrational concentrations of #financecapital the US has seen in decades.” futurism.com/future-socie...

Tech Billionaires Are Quietly ...
Tech Billionaires Are Quietly Rooting for AI Bubble to Collapse

Tech executives and investors have embraced the story of the AI bubble, and are actively rooting for it to burst.

Futurism
Trump denounces Fed decision not to cut interest rate

Fed chair Powell told his press conference that policymakers “do not need to be in a hurry to adjust our policy stance.”

World Socialist Web Site

"Students pushing for divestment [..] can no longer argue against the malfeasance of a handful of nefarious companies. They must also confront the overarching system of #FinanceCapital guiding the ways their #universities now accrue value."

https://www.bostonreview.net/articles/can-divestment-campaigns-still-work/
#BDS #BoycottDivestmentAndSanctions #Palestine #Gaza #PalestineSolidarity #StudentActivism #CampusActivism #UniversityEndowments #financialization #USPol

Can Divestment Campaigns Still Work? - Boston Review

Decades after apartheid South Africa, student activists face a new obstacle: the financialization of university endowments.

Boston Review

@wauz @LordCaramac Wow! So, pretty much, #capitalism is #fascism!

"Fascism is not a form of state power 'standing above both classes -- the proletariat and the bourgeoisie,' as Otto Bauer, for instance, has asserted. It is not 'the revolt of the petty bourgeoisie which has captured the machinery of the state,' as the British #Socialist #Brailsford declares. No, fascism is not a power standing above class, nor government of the petty bourgeoisie or the lumpen-proletariat over finance capital. Fascism is the power of #FinanceCapital itself. It is the organization of terrorist vengeance against the working class and the revolutionary section of the peasantry and #intelligentsia. In foreign policy, fascism is #jingoism in its most brutal form, fomenting bestial hatred of other nations.

"This, the true character of fascism, must be particularly stressed because in a number of countries, under cover of social demagogy, fascism has managed to gain the following of the mass of the petty bourgeoisie that has been dislocated by the crisis, and even of certain sections of the most backward strata of the proletariat. These would never have supported fascism if they had understood its real character and its true nature."

#Corporatism #Colonialism #CorporateColonialism

Beggars On Horseback: Creating a Pan-African Power Paradigm for the 21st Century

we go live to the crypto exchanges #financeCapital #ftx #maryPoppins
I was really glad to make it to the final weekend of @MarkJCurran's brilliant #exhibition The Market at Villa Heike in #Berlin. The discussion of the structures, #materiality, and #soundscapes of #GlobalMarkets and #FinanceCapital is absolutely fascinating.
US #gop house, determined to erase #Obama legacy, votes to roll back #finance rules passed after 2008 crisis, arguing the rules impose hardships on community banks https://www.washingtonpost.com/business/house-gop-on-track-to-undoing-post-2008-financial-rules/2017/06/08/3ec324ac-4c20-11e7-987c-42ab5745db2e_story.html?utm_term=.eec0d557fb4f #financecapital ueber alles