K1nsey6

cross-posted from: https://lemmy.ml/post/26147370

cross-posted from: https://lemmy.ml/post/25177343

cross-posted from: https://lemmy.zip/post/28856041

With fast-growing private equity firms controlling as much as 20% of the U.S. economy with minimal disclosure requirements, business leaders must understand the implications of increasing concentration of ownership by both private equity firms and index funds and advocate for enhanced reporting standards, a Harvard Law School professor argues. At stake: market competitiveness, innovation, and economic fairness.

...

Private equity has its origins in leveraged buyouts in the 1970s and 1980s. The idea was to take companies, usually publicly listed on the stock exchange, borrow a lot of money—that’s the leverage—and buy them out. Then, they could use their control to improve the value of the company and resell it, typically 3 to 5 years later. That’s the original idea of what private equity mostly does.

What’s changed since then is that the scale of operations of private equity has grown and grown and grown—to the point that now private equity controls between 15% and 20% of the entire U.S. economy. They’re no longer buying isolated companies and flipping them back to the public markets. Instead, they buy them and sell them to mostly other private equity firms. They’ve become their own separate capital universe.

...

The private equity industry is very good at convincing Congress or regulatory officials to shape laws in a way that allows them to remain essentially dark. They don't put out public reports. They don't put out any information that the public can use to evaluate what they're doing, or even their investment performance.

It is increasingly a challenge for the legitimacy of capitalism. Capitalism depends upon some degree of transparency about how it's functioning, how workers are being treated, and how consumers are being treated.

cross-posted from: https://lemmy.ml/post/24043909

Under this methodology of all 193 UN Member States – an expansive model of 17 categories, or “goals,” many of them focused on the environment and equity – the U.S. ranks below Thailand, Cuba, Romania and more that are widely regarded as developing countries.

In 2022, America was 41st. Interesting to see where it will be after this term of office, which looks set to be working against many of these aims.

cross-posted from: https://lemmy.ml/post/24092064

cross-posted from: https://lemmy.ml/post/23668087

cross-posted from: https://lemmy.ml/post/23647754

some sources

• https://seekingalpha.com/article/4359594-real-unemployment-rate-is-21-percent-and-heading-higher
• https://www.cnbc.com/2020/07/30/what-its-like-to-be-evicted-during-the-coivd-19-pandemic.html
• https://firstfocus.org/update/nearly-5-million-children-have-lost-health-care-due-to-unwinding/
• https://jedfoundation.org/mental-health-and-suicide-statistics/
• https://www.forbes.com/sites/tommybeer/2021/01/26/report-american-billionaires-have-added-more-than-1-trillion-in-wealth-during-pandemic/

cross-posted from: https://lemmy.ml/post/23281862

cross-posted from: https://lemmy.ml/post/23215080

cross-posted from: https://lemmy.ml/post/22417306

"Without Revolutionary theory, there can be no Revolutionary Movement."

­— Vladimir Lenin, What is to be Done? | Audiobook

It's time to read theory, comrades! As Lenin says, "Despair is typical of those who do not understand the causes of evil, see no way out, and are incapable of struggle." Marxism-Leninism is broken into 3 major components, as noted by Lenin in his pamphlet The Three Sources and Three Component Parts of Marxism: | Audiobook

1. Dialectical and Historical Materialism

2. Critique of Capitalism along the lines of Marx's Law of Value

3. Advocacy for Revolutionary and Scientific Socialism

As such, I created the following list to take you from no knowledge whatsoever of Leftist theory, and leave you with a strong understanding of the critical fundamentals of Marxism-Leninism in an order that builds up as you read. Let's get started!

Section I: Getting Started

What the heck is Communism, anyways? For that matter, what is fascism?

1. Friedrich Engels' Principles of Communism | Audiobook

The FAQ of Communism, written by the Luigi of the Marx & Engels duo. Quick to read, and easy to reference, this is the perfect start to your journey.

2. Michael Parenti's Blackshirts and Reds | Audiobook

Parenti's characteristic wit is on full display in this historical contextualization and analysis of fascism and Communism. Line after line, Parenti debunks anti-Communist myths. This is also an excellent time to watch the famous "Yellow Parenti" speech.

Section II: Historical and Dialectical Materialism

Ugh, philosophy? Really? YES!

3. Georges Politzer's Elementary Principles of Philosophy | Audiobook

By understanding Dialectical and Historical Materialism first, you make it easier to understand the rest of Marxism-Leninism. Don't be intimidated!

4. Friedrich Engels' Socialism: Utopian and Scientific | Audiobook

Engels introduces Scientific Socialism, explaining how Capitalism itself prepares the conditions for public ownership and planning by centralizing itself into monopolist syndicates and cartels.

Section III: Political Economy

That's right, it's time for the Law of Value and a deep-dive into Imperialism. If we are to defeat Capitalism, we must learn it's mechanisms, tendencies, contradictions, and laws.

5. Karl Marx's Wage Labor and Capital | Audiobook & Wages, Price and Profit | Audiobook

Best taken as a pair, these essays simplify the most important parts of the Law of Value.

6. Vladimir Lenin's Imperialism, The Highest Stage of Capitalism | Audiobook

The era of Imperialism, which as the primary contradiction cascades downward into all manner of related secondary contradictions.

Section IV: Revolutionary and Scientific Socialism

Can we defeat Capitalism at the ballot box? What about just defeating fascism? What about the role of the state?

7. Rosa Luxemburg's Reform or Revolution | Audiobook

If Marxists believed reforming Capitalist society was possible, we would be the first in line for it. Sadly, it isn't.

8. Vladimir Lenin's The State and Revolution | Audiobook

Further analyzes the necessity of Revolution and introduces the economic basis for the withering away of the State.

Section V: National Liberation, De-colonialism, and Solidarity

The revolution will not be fought by individuals, but by an intersectional, international working class movement. Solidarity allows different marginalized groups to work together in collective interest, unifying into a single broad movement. Marxists support the Right of Self-Determination for all peoples and support National Liberation movements against Imperialism.

9. Vikky Storm & Eme Flores' The Gender Accelerationist Manifesto | (No Audiobook yet)

Breaks down misogyny, and queerphobia, as well as how to move beyond the base subject of "gender" from a Historical Materialist perspective.

10. Leslie Feinberg's Lavender & Red | Audiobook

When different social groups fight for liberation together along intersectional lines, they are emboldened and empowered ever-further.

11. Frantz Fanon's The Wretched of the Earth | Audiobook & Paulo Freire's Pedagogy of the Oppressed | Audiobook

De-colonialism is essential to Marxism. Without having a strong, de-colonial, internationalist stance, we have no path to victory nor justice. These books are best taken as a pair, read in quick succession.

Section VI: Putting it into Practice!

It's not enough to endlessly read, you must put theory to practice. That is how you can improve yourself and the movements you support. Touch grass!

12. Mao Tse-Tung's On Practice & On Contradiction | Audiobook

Mao wrote simply and directly to peasant soldiers during the Revolutionary War in China. This pair of essays equip the reader to apply the analytical tools of Dialectical Materialism to their every day practice.

13. Vladimir Lenin's "Left-Wing" Communism, an Infantile Disorder | Audiobook

Common among new leftists is dogmatism over pragmatism. Everyone wants perfection, but dogmatic "left" anti-Communists let perfection become the enemy of progress.

14. Jones Manoel's Western Marxism Loves Purity and Martyrdom, But Not Real Revolution | (No Audiobook yet)

Common among western leftists is fetishization of Marxism, rather than using it as a tool for analysis and social change. This article helps rectify that.

15. Liu Shaoqi's How to be a Good Communist | Audiobook

Organizing is a skill. If we are to be successful, we must work to better ourselves.

Congratulations, you completed your introductory reading course!

With your new understanding and knowledge of Marxism-Leninism, here is a mini What is to be Done? of your own to follow, and take with you as practical advice.

1. Get organized. The Party for Socialism and Liberation, Freedom Road Socialist Organization, and Red Star Caucus all organize year round, every year, because the battle for progress is a constant struggle. See if there is a chapter near you, or start one!

2. Read theory. Don't think that you are done now! Just because you have the basics, doesn't mean you know more than you do. If you have not investigated a subject, don't speak on it!

3. Aggressively combat white supremacy, misogyny, queerphobia, and other attacks on marginalized communities. Cede no ground, let nobody go forgotten.

4. Be industrious, and self-sufficient. Take up gardening, home repair, tinkering. It is through practice that you elevate your knowledge.

5. Learn self-defense. Get armed, if practical. Be ready to protect yourself and others.

6. Be persistent. If you feel like a single water droplet against a mountain, think of canyons and valleys. With consistency, every rock, boulder, mountain, can be drilled through with nothing but water droplets.

"Everything under heaven is in utter chaos; the situation is excellent."

­— Mao Tse-Tung

Credits