Bailouts Archives | puntorojo

July 19, 2022

The Making of a System in Crisis: the ungovernability of 21st century capitalism

As Karl Marx and Friedrich Engels explained in their foundational exposition of historical materialism and the dialectics of social transformation, a mode of production in crisis does not collapse under the weight of its own malfunction; it has to dismantled and replaced through the self-conscious action of a rising revolutionary class.
The multiplying crises of capitalism have led to internal dysfunction and debilitations that render its operations increasingly out of sync with the needs and basic sustenance of the vast majority of humanity and the rest of the natural world. It is rapidly reaching the limits of its own capacity for self-reproduction, and cannot seem to persist without inducing even greater calamity and instability. As the capitalist system trudges on in this linear trajectory, a cumulative transformation is well underway: where more will have to be sacrificed so that capitalism may live on.

October 6, 2020

by Justin Akers Chacón

Us versus the billionaires and their parties

In a recent interview, Joe Biden was visually irritated when responding to a reporter who asked if his proposed policies are “socialist”. “Do I look like a socialist? Look at my career — my whole career. I am not a socialist…I beat the socialist!”

This back-handed slap at Bernie Sanders occurred precisely at the time that Sanders and the self-identified progressives and Socialists in Congress push for the 10-15 million people who voted for Sanders in the primaries to get behind Biden—despite deep ideological differences.

On the heels of the deployment of Federal police in several states to repress Black Lives Matter protests, and Trump accusing him of being soft on the movement against police violence, Biden defensively replied and criticized the protests. At a high-profile press conference at a steel mill in Pittsburgh, Pennsylvania, with all of its dog-whistle

March 30, 2020

by Justin Akers Chacón

How to win a rent strike

This communique is specific to the current conditions facing tenants in San Diego, California, but applicable to renters everywhere. There are specific reasons why tenants go on a rent strike, and there are ways to win. Just like workers in labor unions, tenants use the rent strike as a method to apply pressure and gain leverage in negotiations versus ownership/management. Tenants typically use rent strikes to demand repairs, negotiate better contracts (i.e., lower rent increases), and to protest against abusive management.
Rent Strikes can be effective when they are well-coordinated and based on a sound argument. Uninhabitable living conditions, requesting repairs that have gone unaddressed for over sixty days, gouging rent increases, threatening/bullying/abusive management and landlords could all be valid reasons for conducting a rent strike.

March 26, 2020

by Justin Akers Chacón

Bailouts are class warfare

The global capitalist economy has quickly stumbled into recession, a process already unfolding before the COVID-19 pandemic came into full view. The effects of the spreading virus have led to rolling closures and shutdowns to large swathes of different international economies, inducing a full-blown crisis that is now breathlessly impacting people across the world.