Why is the climate target not being met? Why is the necessary finance not forthcoming? It is not the cost price of renewables. Prices of renewables have fallen sharply in the last few years. The problem is that governments are insisting that private investment should lead the drive to renewable power. But private investment only takes place if it is profitable to invest.

Pluralistic: Daily links from Cory Doctorow | That's a pretty good model for understanding what's happened to Red Lobster: monopoly power and monopsony power begat more monopolies and monoposonies in the supply chain. Everything that hasn't consolidated is defenseless: diners, restaurant workers, fishermen, and the environment. We're all fucked.

Profitability has been falling from pre-pandemic levels and total profit growth has also stopped rising. Already that is having an effect on investment growth and employment. Rising margins do not show this.

Jacobin | Finance’s dominance over the economy isn’t a deviant evolution of a “good” industrial capitalism. Finance and industry are interdependent — meaning solving problems like inequality and climate change will require a far-reaching democratization of the economy.

People's World | C.J Atkins | Some traders at the New York and Tel Aviv Stock Exchanges (NYSE and TASE) apparently knew in advance that Hamas militants were about to launch their attack on Israel before Oct. 7th and that a war would follow.

Éric Toussaint and CADTM | This is a major crisis of the globalized capitalist system, the worst crisis since those of the years 1914-1945.

Offering their vaccine with no patent and no strings attached, Drs. Peter Hotez and Maria Elena Bottazzi say, “This is no time for profiteering.”

The Development of Productive Forces in Contemporary Capitalism

Racism appears to be as Canadian as hockey. Does this mean that racism has been with us forever, in all parts of the world, that it is somehow part of our genetic makeup? What can we learn from the responses to racism that have arisen over time?

If you’ve found yourself impulsively shopping online during quarantine, you’re not alone. And there’s no shame in it. But this is our corona-capitalist dystopia: purchasing things we may or may not need while desperately needed public services are left to rot.

'Another, probably more severe pandemic has been predicted. Scientists know how to prepare, but someone must act. If we choose not to learn the lessons that are right before our eyes, the consequences will be dire.'

Amazon ignored or dismissed safety concerns about its delivery network to prioritize speed and explosive growth, according to new documents and interviews with insiders.