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Financialization, deregulation and securitization transactions

Before the 1980s, banks couldn’t use people’s deposits as collateral for investments. Banks were not allowed to use their customers’ deposits to invest them. Up until the early 1980s, when you owned a share in a company, a building or a field and wanted to buy or sell other shares, the state levied transfer duties.…
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Das moderne rote Tuch

nn sich die Menschen organisieren, um ihre Bedingungen zu verbessern, gibt es Ergebnisse. Sie brauchen keine Vertreter, die für sie und an ihrer Stelle sprechen. Wenn Gewerkschafter auf Kosten der Gewerkschaftsmitglieder leben, dann setzen sie sich nicht mehr für sie ein, sondern machen ihnen Angst, damit sie in der Gewerkschaft bleiben. Wenn die Beschäftigten schlechte…
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Arizona, Nevada and California Dream

Californians are leaving California because housing is terribly expensive, and beggary and poverty are everywhere on the streets. Inequality is toxic: the state has the most billionaires and the most homeless people in the US. Tens of thousands of residents of Nevada and Arizona are seeing their housing prices soar as a result of the…
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We’re all in it together

The Republicans, Richard Nixon with the opening up to China in the 1970s and Ronald Reagan with the relocation of manufacturing to Mexico in the 1980s, put quantities of products on the market at lower prices than before. This was presented as a gift to purchasing power. It gave people more disposable income. Landlords then…
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2024 UK general election: choosing the Right or the Left.

The Left and the Right are two ideologies that recognise the importance of having elites. For the Right, some people are considered to have fewer rights than others: women, black people, workers, etc. The elite is composed of Oxbridge. The people have to sacrifice on their housing, health and education to give to the elites.…




