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oil | John Feffer
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The Black Death Undermined Feudalism. What Does COVID-19 Mean for Capitalism?

You pay little attention to the systems of your body — circulatory, digestive, pulmonary — unless something goes wrong. These automatic systems ordinarily go about their business, like unseen clockwork, while you think about a vexing problem at work, drink your morning cup of coffee, walk up and down stairs, and head out to your car to begin your morning commute. If you had to focus your...
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The Art of the Back-Pedal

It is a hallmark of right-wing populists to make a preposterous policy and then be forced — by opposition, by circumstance, by the laws of physics — to retreat. Three very recent examples involve Donald Trump, UK Prime Minister Boris Johnson, and Turkish President Recep Tayyip Erdogan. The backpedaling might look very similar in all three cases, but they reflect fundamentally different...
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The New World Order Is Here

You know the story: the globalists want your guns. They want your democracy. They’re hovering just beyond the horizon in those black helicopters. They control the media and Wall Street. They’ve burrowed into a deep state that stretches like a vast tectonic plate beneath America’s fragile government institutions. They want to replace the United States with the United Nations, erase national...
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YOLO Economics

The economy, we have been taught, is a cat with considerably more than nine lives. The bottom might drop out of the stock market, but it will rebound — again and again. The Chinese were on top of the world, economically, for a thousand years or more, but then the colonial powers cut the country down to size — and now China has regained its former glory. Laptops, which once boosted...
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A Failed State in Latin America

Venezuela is at the mercy of its fluids. For a country that depends on oil for 95 percent of its exports, the prolonged drop in the price of crude has been a serious financial blow. If nothing else, though, Venezuela should be able to use its oil resources to keep the lights on and the factories going. After all, Venezuela has the largest proven oil reserves in the world. It has more than Saudi...
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