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The rise of financial parasitism and the emergence of fascism
In his report “The Trump coup and the rise of fascism: Where is America going?” David North traced out the historical processes that led to the events in Washington on January 6.
He explained that while extreme right-wing and fascistic movements had always been present within the American body politic, these malignant political and social forces had been able to be contained so long as the US was a rising economic power.
The present situation is fundamentally different. America is no longer a rising power. For the past 50 years it has been in an inexorable historic decline that has seen two existential financial crises in the space of 12 years the 2008 meltdown of the banking system and the potentially even bigger disaster of mid-March 2020, when the initial impact of the COVID-19 pandemic resulted in a freeze-up of all financial markets in the US and globally.
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PIPELINE INDUSTRY COMMITMENTS: The Interstate Natural Gas Association of America this morning announced new climate change commitments, including reaching net-zero greenhouse gas emissions from the transport and storage of natural gas by 2050 and signaling support for methane regulations.
The group, which represents the natural gas pipeline industry, is the latest fossil fuel interest to set a net-zero target as it seeks to position itself for the clean energy economy envisioned by