Beyond the Mediterranean graveyard: The demise of the anti-capitalist Left

For the reformist left, the oxymoron of capitalist democracy could simply be ignored. Now, the reformist left felt it became part of the club; it had the illusion – as most of the so-called leftists have until today – that it could change the system from the inside, while in reality, it was the system that was changing the left.

Although neoliberalism and postmodernism are two sides of the same coin, their existential condition was the capitulation of the anti-capitalist left. Meanwhile, its new task became to provide legitimation for the system both abroad and at home.

Post-World War II has been virtually universally conceived in an anti-historical fashion. Not only the rise of fascism appeared as an anomaly, disconnected from its liberal ties, but also the so-called welfare system (or Keynesianism) was embraced acritically. It ignores its existence as a reaction to the Soviet Union’s welfare state. Moreover, without a socialist path going on, it is, in fact, a system of managing and controlling the (precarity of the) masses so that any emancipatory expectation never comes to fruition while the system is assimilated and protected by those same people being exploited.

And this connects with the second function of the Keynesian system, namely, to destroy any empathy towards the other, to reaffirm the values of capitalist egoism. While third-world countries were being plundered and those who fought against classical colonialism were demonised, capitalist welfare was sustained on the backbone of underdeveloped countries.

The reformist left therefore renders war, plunder, destruction, and exploitation as reasonable enterprises. Simultaneously, the power of the left, which was previously anchored on the people, faded; the people, conversely, lost representation because the reformists not only parroted the narratives of the status quo but distanced themselves from the masses with their irrational claims disconnected from the broad demands of the people in their daily lives.

This, in turn, resulted not only in the lack of representation of the people by the intelligentsia but even more importantly in the total de-politicisation of the masses, whose spiritual lives lost connection with the world around them. “There is no such thing as society,” as Margaret Thatcher proclaimed.

Consequently, people were not only atomised at work by the capitalist class, their power as a class, which had existed until that moment, was declared extinct. Now, there was only economic, political, and social atomisation.

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Before Luigi Mangione, There Was Gaetano Bresci

Even before police apprehended Luigi Mangione, Tik Tok users bestowed a nickname on the alleged killer of UnitedHealthcare CEO Brian Thompson: the adjustor. The label refers to insurance adjustors who evaluate claims to determine liability and negotiate settlements. The play on words points to the intense anger that many Americans feel for a health care system that seems more concerned with generating profits than saving and enhancing lives. Now, finally, someone was taking action to even the scales. The term, and the act that inspired it, are closely tied to our present moment. Yet they also sit within a historical tradition, that of the giustiziere or “avenging executioner” that dates to the nineteenth century. The most iconic example is Gaetano Bresci, a thirty-year-old silk weaver who assassinated the King of Italy, Umberto I, on July 29, 1900.

On that day, as the king was about to depart from the Parco Reale in Monza, a city not far from Milan, where he had presided over a gymnastics contest, Bresci shot him three times. The king died within minutes. Bresci, who was born in Tuscany and later moved to Paterson, New Jersey, had returned to Italy in spring 1900. He assassinated the king as punishment for his having signed a decree imposing martial law to quell the May 1898 protests in Milan against rising food prices — before bestowing Italy’s highest military honors on the general who ordered grapeshot to be used against the unarmed demonstrators, killing hundreds. The government’s lethal response was the latest in a series of repressive measures intended to thwart efforts by industrial and agricultural workers to fight economic exploitation and force their way into a political process that had long excluded them and ignored their interests.

~ Full article…

Disaster Capitalism in Haiti

In his Prologue, Johnston makes an interesting comparison in terms of American foreign policy. He cites Jonathan M. Katz and the disasters in Afghanistan and Haiti. Katz wrote a piece about their “shared twisted roots” in The New Republic in August of 2021. “Half a world away from one another, the citizens of two nations are suffering as a result of the corruption and incompetence of the United States,” detailed Katz. Johnston wrote that, “on their surface the events appeared distinct and unrelated, [although] the earthquake in Haiti and the Taliban takeover in Afghanistan revealed a deeper commonality. After the fall of Kabul, Washington’s foreign policy establishment lit up with experts asking and answering the question of ‘why nation building in Afghanistan had failed so miserably?’ But few seem to be wondering the same about Haiti.”

Johnston’s argument essentially is that too many scholars refer to Haiti as a “failed state” without putting forth the more accurate description and designation of what Haiti truly is in the eyes of the U.S., an aid state. Haiti has been presented as a case study in receipt of liberal humanitarianism when it’s been a “peace keeping” laboratory for institutional capital and first world exploitation. The country is in a state of emergency.
[…]
Johnston revisits the story of the infamously twice-abducted, Creole-speaking, populist-priest and president – the great Jean-Bertrand Aristide, and the inner workings of U.S. involvement in his kidnapping “for his own safety.” These incidents served as microcosms for how Western actors have historically failed Haiti more than they have provided stability in the hemisphere. Johnston is basically arguing that aid serves as a distortion and produces a phenomenon whereby elites are held unaccountable.

Stability is an overused Orwellian term that downplays an actual militarized response by the West. The author wants to know how much development and aid money gets into the hands of those in need in Haiti and what percentage of earthquake funding from Washington D.C. is in reality a front for private contracting. How much aid goes to the Haitian government in raw percentage numbers? Are U.S. interests in Haiti simply a renewed version of Smedley Butler’s “gangster capitalism?”

~ Full article…

Bank chief says US firm collapses ring ‘alarm bells’

Andrew Bailey told a House of Lords committee that it was important to take the failure of car parts supplier First Brands and subprime car lender Tricolor “very seriously” – and drew parallels with the 2008 financial crisis.

He said it was unclear whether these were one-off issues, or a case of “the canary in the coal mine”.
[…]
Last week, Jamie Dimon, the boss of US banking giant JPMorgan Chase, warned the failure of the two US firms could be a sign of more to come.

“My antenna goes up when things like that happen,” he told analysts. “I probably shouldn’t say this, but when you see one cockroach, there are probably more.”

~ Full article…

Jeffrey Epstein Wanted More War

The disclosures add to our understanding of Epstein’s still-murky role as a global power player, and what he actually used the influence he had amassed for. Simply put, if Epstein was using his connections to powerful people with some kind of aim in mind, it was decidedly not to make the world a better place.
“History Repeats Itself”

In the files, Epstein appeared to favor more aggressive solutions to geopolitical problems — particularly when it came to traditional adversaries of Israel, a country whose politics and national security the sex trafficker took a keen interest in, these and other disclosures show.
[…]
“China China China”

But the country that featured most heavily in Epstein’s private discussions contained in the files wasn’t Israel; it was China.

The subject of the United States’ chief geopolitical rival clearly loomed large for Epstein.

~ Full article…

Larry Summers, Epstein and the “End Game” Memo

Forgive me, but I have to send a little thank you to Jeffrey Epstein. The latest cache of the predator’s memos have finally brought down Lawrence Summers, once President of Harvard University, once US Secretary of the Treasury and the dark eminence behind banking deregulation and mass home foreclosures. And worse.

The newly released emails revealed that Epstein agreed to be Summers’ “wing man,” advising Summers on how to use coercive power to maneuver his female protégé into the sack.
[…]
In 2013, a little birdy dropped a highly confidential note written to Summers from his flunky, Timothy Geithner, then Ambassador to the World Trade Organization. Its content was so explosive, so sick and plain evil, I just could barely believe it.

The scheme revealed in the note was breathtaking: complete deregulation of the WORLDWIDE banking system.

The End Game Memo confirmed every conspiracy freak’s fantasy that top US Treasury officials secretly joined up with a cabal of banker big-shots to rip apart financial regulation across the planet.
[…]
But turning American banks into derivatives casinos was not enough. The planet was ripe with juicy gobs of capital from resource revenue.

How could they pluck the planet? The answer conceived by the Big Bank Five: eliminate controls on banks in every nation on Earth in one single move. It was as brilliant as it was insanely wreckless.

How could they pull off this mad caper? The bankers and Summers would use the Financial Services Agreement (FSA), an abstruse and benign addendum to WTO trade agreements.

Until the bankers began their play, the WTO agreements dealt simply with trade in goods — that is, I sell you cars and you sell me coffee. The new rules ginned-up by Summers would force all nations to accept trade in “bads” — toxic assets like financial derivatives.

https://www.gregpalast.com/larry-summers-epstein-and-the-end-game-memo/

Why illegal gold mining is overtaking cocaine as the drug of choice for traffickers in Latin America

“…there is a new – and lethal – factor that is turbo-charging production – especially in Peru: the relationship between coca cultivation and illicit gold mining.

It’s a toxic combination that is enriching criminal gangs and corrupt officials, as the price of gold touches new highs on world markets. And it’s taking root in other states – including Ecuador, Brazil and Venezuela.

In July, Peru’s then foreign minister Elmer Schialer said the illegal gold economy in Peru was seven times bigger than the cocaine trade…”

https://edition.cnn.com/2025/11/22/americas/gold-mining-cocaine-traffickers-intl-latam

Mediterranean with Floating Nuclear Power Plants: Greece is Discussing It

The concept of moving nuclear energy to the open sea using floating platforms that operate as small nuclear power stations continues to gain momentum in the Mediterranean. In Greece, the Floating Nuclear Power Plant (FNPP) project has taken a major step forward. A high-level meeting held in Athens brought together leading companies and institutional stakeholders to explore the idea. The primary objective at this stage is to determine whether these offshore facilities can effectively address the energy-security needs of Greece’s islands and coastal communities.
[…]
The American Bureau of Shipping (ABS) is no stranger to the concept. As early as 2024, ABS published the most detailed technical guidelines ever produced for FNPPs. The report acknowledged that many advanced reactor designs suitable for floating platforms are still in early development, but it strongly endorsed the modular construction approach, which offers better cost control, operational flexibility, and the ability to scale power output to match the requirements of ports and coastal infrastructure.

https://greekcitytimes.com/2025/11/23/floating-nuclear-power-plants-greece/

Israel’s financial war on Palestine

Elsewhere in occupied Palestine, Israel’s financial machinations have been more insidious, but almost as equally destructive. As part of its occupation — and in complete violation of the Oslo Accords — Israel has arbitrarily expropriated Palestinian tax revenues. Foreign Minister Varsen Aghabekian Shahin, who I was able to speak with during her visit to the Philippines this week, said that amount had ballooned to about $3.7 billion. Under an agreement between the Palestinian Authority and the Israeli government, the latter was supposed to return the diverted tax revenues each month. However, the foreign minister said, about two years ago, Israel began deducting some of the amount, for reasons known only to itself, and in the past six months — in a move that, to an outside observer, seems only calculated to starve out the Palestinians — it has not returned any of the money.

That prevents the Palestinian Authority from operating properly, funding its public works and services programs, and paying government workers. Shahin said government workers were currently owed 13 months of back pay as a result of Israel’s actions, and that only some employees could be paid partial salaries. To make matters worse, Israel has threatened not to renew the annual waiver of terrorist financing laws that allow Israeli banks to process transactions with Palestinian banks when that waiver expires this month, the OHCHR said. That would virtually cut off the Palestinian banking system from the global financial system.

At the beginning of the war against Hamas in October 2023, which has since turned into a wider campaign to completely depopulate Gaza, Israel began suspending the work permits of 100,000 Palestinian workers who had jobs in Israel, or in Israeli-controlled parts of the West Bank and East Jerusalem. Those wages previously represented a quarter of Palestine’s gross national income, which is now gone.

Finally, Israel has also found a way to choke Palestine using Israel’s own money. Billions of Israeli shekels have accumulated in Palestinian banks; most of that money represents payments made in the past to Palestine’s now-unemployed cross-border workers, who exchanged those wages for US dollars or Jordanian dinars (Palestine as yet does not have its own national currency, thanks in large part to Israel’s assault on its financial system). The banks, however, are unable to exchange the shekels with Israeli banks, due to laws capping the volume of exchanged currency; and of course, there is no other country with whom Palestine can exchange Israeli currency. While the shekels were exchangeable, they represented a big percentage of Palestinian banks’ liquidity. Now that they are not, they may as well be scrap paper for all the good they do the Palestinians.

https://www.manilatimes.net/2025/11/23/opinion/columns/israels-financial-war-on-palestine/2229781

Amnesty report uncovers years of heat, debt and abuse for Riyadh metro workers

In its new report, “Nobody wants to work in these situations”: A decade of exploitation on the Riyadh Metro project, Amnesty details how migrant labourers from Bangladesh, India and Nepal were subjected to illegal recruitment fees, punishing heat, poverty wages and a catalogue of degrading conditions between 2014 and 2025.
[…]
The report highlights that such abuses are rooted in a structural environment where the remnants of the kafala sponsorship system still enable employers to control workers’ lives. Weak labour inspections, reduced penalties for abusive practices and a sprawling subcontracting network create fertile ground for exploitation—conditions Amnesty says multinational companies knowingly operate within.

With Saudi Arabia racing ahead on mega-projects and preparing to host the 2034 World Cup, Amnesty is calling on authorities to dismantle the kafala system entirely, enforce labour protections and ensure accountability across the recruitment chain. Companies, it warns, must conduct rigorous human rights due diligence or refrain from operating in high-risk sectors that entrench abuse.

https://myrepublica.nagariknetwork.com/news/amnesty-report-uncovers-years-of-heat-debt-and-abuse-for-riyadh-metro-worke-40-11.html