Zum Inhalt der Seite gehen

Suche

Beiträge, die mit Austerity getaggt sind


"A JPMorgan whistleblower said the world’s biggest bank was misreporting its trading activity, which could have inflated its earnings by billions of dollars and added millions to executive pay packages.
Another banker familiar with the matter said other major US banks were doing the same – with tacit approval from the Federal Reserve, the US central bank."

But the answer's deregulation because growth, right? 🤬

https://www.thebureauinvestigates.com/stories/2025-01-23/elizabeth-warren-blasts-federal-reserve-for-letting-jpmorgan-cook-the-books/

#Banking #USPolitics #Austerity


If would be interesting to see the overlap between

(a) Sectors where unionization activity and other labor unrest has appeared; and
(b) Sectors where the AI maniacs are claiming AI will soon take over jobs

My suspicion is that one of the functions of generative AI is labor discipline: frighten workers so that they stop making demands of employers for fear of losing their jobs or benefits. Labor discipline is a well-documented strategy the powers that be have been using for at least a century for exactly this purpose. Clara Mattei's excellent book and articles on this subject, which I think make this case incontrovertibly.

I don't think it's coincidental that there is so much enthusiasm for generative AI among powerful state and corporate actors despite a corresponding dislike and fear of it among working class folks: that's a common pattern in labor disciplining policies and is how they function. I also don't think it's coincidental that the generative AI rhetoric, and the latest hype cycle, kicked off in the wake of COVID-related state interventions: as Mattei argues, austerity policies are consciously brought to bear on behalf of wealthy capitalists whenever the state is forced by circumstances to take actions benefiting workers. The recent historic rise in unionization activity was met with mass layoffs (read: labor discipline), a rise in interest rates (read: financial pain inflicted on the non-wealthy) and attempts to "cool off" the economy (read: force a bunch of people to become unemployed, another labor disciplining tool). I think generative AI is, in part, an attempt to squash hope and force workers to be docile again through fear and acquiescence, which again is a labor disciplining strategy Mattei has documented is consciously brought to bear by the powers that be.

Therefore it wouldn't surprise me at all to find that (a) is nearly identical to (b), or contained within it.

#AI #GenAI #GenerativeAI #labor #LaborDiscipline #austerity


Poland’s EU Council presidency: Rearmament, police-state measures and a war economy https://www.byteseu.com/658729/ #austerity #DemocraticRights #Europe #Gaza #Holocaust #imperialism #militarism #Ukraine
Poland’s EU Council presidency: Rearmament, police-state measures and a war economy


Editorial: Labour’s billions meant for public services and climate change now hang in the balance | Morning Star
And as the article explains, so does local democracy.
https://morningstaronline.co.uk/article/labour-billions-meant-for-public-services-and-climate-change-now-hang-in-the-balance

#press #LocalDemocracy #Austerity #UKPol


“Headteachers warn of Labour’s austerity 2.0 as schools face ‘death by a thousand cuts’

by James Wright in The Canary @thecanaryuk @UKLabour

“This [IFS] report reveals the reality that is facing many schools and colleges – yet another round of cutbacks. It will inevitably mean further reductions to pastoral support, curriculum options and classroom resources. It is also likely that in many cases class sizes will increase.”

https://www.thecanary.co/uk/analysis/2025/01/09/schools-funding/?__s=1toyfummtp6bhspv4akg

#Press #Labour #Starmer #Schools #Austerity


This, in the Grauniad, from a Labour MP who was suspended for 6 months by the #KidStarver for voting against maintaining the two-child limit!

“There’s a threat lurking right underneath Labour’s nose – and it’s from the left”

by John McDonnell MP

@UKLabour

“The party wants to seem in control. But many of its MPs have knife-edge majorities that a challenger could obliterate”

https://www.theguardian.com/commentisfree/2025/jan/06/labour-threat-left-party-mps-majorities?CMP=Share_iOSApp_Other

#Press #UK #Labour #McDonnell #Starmer #Austerity #TwoChildBenefitCap #Genocide #Complicity


More promises.
More excuses.
https://www.theguardian.com/politics/2024/dec/31/keir-starmer-vows-rebuild-britain-as-labour-did-after-second-world-war

He compares his neoliberal austerity "we can't afford it" gov't , with Clement Atlee's commitment to investing government money in the creation of the NHS & building genuinely affordable council houses.

He thinks private capital will foot the bill, & won't use his parliamentary majority, central bank, fiat currency, & his power to impose progressive taxes on those most able to afford them.

He's incompetent.

#Starmer
#MMT
#Austerity


“Rachel Reeves' insane plan to deregulate the financial gamblers”

by Another Angry Voice on Substack

@UKLabour

“City deregulation exploded in Labour's faces in 2008, yet Reeves is ignoring the warnings from history and pushing ahead with plans to deregulate reckless financial sector gamblers again.”

https://open.substack.com/pub/anotherangryvoice/p/rachel-reeves-insane-plan-deregulate-financial-sector-gamblers?r=27oltk&utm_medium=ios

#Press #UK #Labour #Starmer #Reeves #Financial #Deregulation #Reckless #Austerity #Crash2008 #Thatcherism


“The Starmtroopers are getting their excuses in early”

by Another Angry Voice on Substack

“It's 4+ years until the next election and Labour controls a massive parliamentary majority, but Starmtroopers have already decided that they will lose the next election, and the left will be to blame!”

https://open.substack.com/pub/anotherangryvoice/p/starmtroopers-getting-their-excuses-in-early?r=27oltk&utm_medium=ios

#Press #UK #Labour #Starmer #Reeves #Failure #Austerity #Approval #Left #Genocide #WarCrimes #Complicity