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hundreds of millions of dollars in fines. the next hour starts right now. as i've been to a very good day from msnbc headquarters of new york, welcome to alex witt reports. breaking news at this hour, we have some new details to share from the biden administration on the u.s. air strikes on iran- backed targets in iraq and syria. a senior administration official told nbc news that the strikes, quote, said the strong signal about the capability that we have and other things that we are going to do. the u.s. striking -- five targets in seven facilities used by iran's revolutionary gu...

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Friday, Jan 22, 2021 When I first considered myself a socialist revolutionary in 1970, I was hounded by free marketers’ challenge: “name me one country where socialism works”. These market fundamentalists would then hold up the most strident expectations for socialism: Everyone is exactly equal with no classes. There is an abundance of goods which are conveniently circulated. Political rule is not dictatorial. All competition is banished. People are working together, collectively and creatively. The state has withered away. Anything less than this was pro...

The Shock Doctrine. Capitalism has always existed One of the first things you will be told about capitalism is that it has always existed. This is claimed by Adam Smith as well as the neoclassical economists. This is hardly the case for the entire school of Marxists and economic institutionalists who will tell you that capitalism is roughly 500 years old. In addition, no anthropologist will agree that tribal societies or even agricultural civilizations like Egypt, Mesopotamia, China or India had purely capitalist economic exchanges within their societies. Even external trade cannot be charact...

ORIENTATION Name me one country where socialism works When I first considered myself a socialist revolutionary in 1970, I was hounded by free marketers’ challenge: “name me one country where socialism works”. These market fundamentalists would then hold up the most strident expectations for socialism: Everyone is exactly equal with no classes. There is an abundance of goods which are conveniently circulated. Political rule is not dictatorial. All competition is banished. People are working together, collectively and creatively. The state has withered away. Anything less than this was pr...