#Climatecrisis on track to destroy #capitalism, warns top insurer
Action urgently needed to save the conditions under which markets – and civilisation itself – can operate, says senior Allianz figure
@ocratato Really great point around the sales tax.
And presumably local and state sales taxes would be levied on the price of goods after tariff taxes are applied?
If so, given most products are either imported or use imported parts/materials, Trump has basically unilaterally increased every state and local sales tax in America.
So using my example above of an American-made product with Chinese parts.
With tariff taxes, it goes up in price from $100 to $125.50.
Let's imagine a given city or state has a 10% sales tax.
Before the Trump tariff tax, that item would have cost $100 and attracted $10 in sales tax.
With the Trump tariff tax, that same item costs $125.50 and attracts $12.55 in sales tax.
In effect, he's pushed up the local sales tax by $2.55.
So the total cost, including sales taxes and tariffs, goes up from $110 to $138.05!
And keep in mind this is for an American-made product!
Didn't the Republicans say they were the party of lower taxes? Sure doesn't seem that way to me!
在马克思主义占主导地位近一个世纪之后，无政府主义是如何从一个“边缘现象”发展成为抵抗资本主义全球化运动的核心力量的？
本文探讨了无政府主义如何在反革命时代获得重生。
对于当下正处于新一轮反动时代大门口的我们这代人来说，本文所提供的历史知识和见解值得更大范围周知 —— 以帮助您发觉和团结身边更有希望的革命力量。
本文和其他相关资料在近期的反法西斯社区新成员学习组中采用，现分享給所有读者。
其中嵌入的链接中很多是相关书籍的免费下载地址，并将部分书籍封面作为插图以方便您寻找。
这些书籍都有一定代表性，我们视其为推荐阅读，尤其是对于初步接触进步派思想的朋友来说。在华语读者熟悉的马列主义和新自由主义反动的两种主导气候中，这些书籍可能不常见。
“超越民主”更新《从旧时代的灰烬中破土而出 - 反革命时代的无政府主义重生》
https://iyouport.notion.site/1ca34ca2d46d8057a8a7e5db7f1d7996
One of the perverse things about Trump's tariff taxes appears to be that it, in some cases, they will make American-made goods *more expensive* than imported ones.
How so?
Imagine this.
There are two identical products that sell for $100.
One is manufactured in Australia, one is manufactured in the US.
For both products, there's $75 worth of parts and components made in China.
The Australian-made product is hit with a 10% tariff tax. That's $10. So it would retail in the US for $110.
The $75 worth of Chinese-made parts in the American-made product are hit with a 34% tariff tax. That's $25.50. So it would retail in the US for $125.50.
So if I'm not mistaken, it works out $12.50 cheaper to export the Chinese-made parts to a low-tariff-tax country like Australia to assemble before importing them to the US, than it is to just assemble them in the US.
Also, how is it not inflationary to make the cheapest product in the market $110 rather than $100?!
It gets even worse for exports.
Let's imagine the EU reciprocates Trump's 20% tariff tax on imports from the US.
That $125.50 US product gets slugged with an additional $25.10 tariff tax in the EU. That's $150.60.
The net result is American goods end up far *less* competitive.
"Engels to August Bebel
In Zwickau," from Marx's "Critique of the Gotha Programme" (1875)
#socialism #communism #capitalism #marxism
https://www.marxists.org/archive/marx/works/1875/letters/75_03_18.htm
Freakier Friday
Megan 2.0
The Naked Gun (Liam Neeson edition)
Moana 2
Five Nights at Freddy's 2
Shrek 5
Jurassic Park Rebirth
Final Destination Bloodlines
Superman (James Gunn edition)
Happy Gilmore 2
Lilo & Stitch (live action)
The Accountant 2
Karate Kid: Legends
From the World of John Wick: Ballerina
Sicario 3
Nosferatu
Dracula
Groundhog Day 2
Ya see, Marty and Chris, the problem ain't Marvel, it's Hollywood.
Always has been.
"Trotskyism: Counter-revolution in Disguise," Chapter 14: The Danger of Trotskyism
#socialism #communism #capitalism #marxism #leninism #marxismleninism
https://youtu.be/BoRct08zsdk
Well, you can try to protect yourself from Trump's malice by kissing his arse. But you can't escape his selfishness and incompetence, he might kill you unintentionally, just by accident.
Oh, please, do tell us more about red flags. I can think of a few myself
I asked GPT why search engine results are so awful since it and other LLMs became popular with the ruling class. Either it told me what I want to hear, or I'm not the free software lunatic I'm made out to be.
I'd like to post the whole thing, but GPT is extremely verbose for how little it actually says. I hope that my paraphrasing (denoted by brackets) is clear enough.
This will be a thread so I'll make my replies unlisted.
re: edits, `fill-paragraph' is evil
(This is the most important part of this book!)
Frederick Engels "Ludwig Feuerbach and the End of Classical German Philosophy," Part 4: Marx
#socialism #communism #capitalism #marxism
https://www.marxists.org/archive/marx/works/1886/ludwig-feuerbach/ch04.htm
@tofugolem Yes, but that's not the fault of the seniors and low-income folks. That's the fault of #capitalism and for-profit utilities! (And #CitizensUnited).
#PeopleNotCorporates #PeopleOverProfit
#Capitalism only "works" if you are high enough in the hierarchy.
#socialism #communism
Capitalism Eating Itself by Fueling Climate Mayhem, Warns Capitalist
If humanity stays on current course, warns top insurer, the "financial sector as we know it ceases to function. And with it, capitalism as we know it ceases to be viable."
According to GüntherThallinger, a former top executive at Germany's branch of the consulting giant #McKinsey & Company and currently a board member of #Allianz SE, one of the largest insurance companies in the world, the #ClimateCrisis is on a path to destroy #capitalism as we know it.
"We are fast approaching temperature levels—1.5C, 2C, 3C—where #insurers will no longer be able to offer coverage for many" of the risks associated with the #climate crisis, Thallinger writes in a recent post highlighted Thursday by #TheGuardian.
There is no way to "adapt" to temperatures beyond human tolerance. There is limited adaptation to #megafires, other than not building near #forests. Whole cities built on flood plains cannot simply pick up and move uphill. And as temperatures continue to rise, adaptation itself becomes economically unviable.
Once we reach 3°C of warming, the situation locks in. Atmospheric energy at this level will persist for 100+ years due to carbon cycle inertia and the absence of scalable industrial carbon removal technologies. There is no known pathway to return to pre-2°C conditions. (See: #IPCC AR6, 2023; NASA Earth Observatory: "The Long-Term Warming Commitment")
At that point, risk cannot be transferred (no insurance), risk cannot be absorbed (no public capacity), and risk cannot be adapted to (physical limits exceeded). That means no more mortgages, no new real estate development, no long-term investment, no financial stability. The financial sector as we know it ceases to function. And with it, capitalism as we know it ceases to be viable.
Agree with this scheme ? The link of the video: 
https://youtu.be/vyl2DeKT-Vs?feature=shared 9:33
#socialism #communism #marxism #marxist #anarchy #capitalism #socialdemocrates #democraticsocialism
