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Capitalism and Economic Imperialism

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With ‘recovery’ the dominant economic theme in the capitalist media the unqualified inference is we all benefit. Left out is the fundamental tension of capitalism—profits care not whether they derive from zero-sum transfers or from shared growth. Unless social power is considered in association with economic production zero-sum transfers can provide the illusion of prosperity from the facts of immiseration. One particular example is the for-profit prison system where drug laws designed to target inner-city black and brown youth combined with racist policing under stop-and-frisk and driving-while-black policies feed a for-profit prison system where connected privateers profit from the...

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