After the crisis, the percentage of black homeowners with negative equity exploded by twenty-fold, from 0.7 percent to 14.2 percent — and unlike white families, did not reach its peak until 2013.
What insanity.
After the crisis, the percentage of black homeowners with negative equity exploded by twenty-fold, from 0.7 percent to 14.2 percent — and unlike white families, did not reach its peak until 2013.
What insanity.
It was also extremely demoralizing with an attrition rate of 90%. Only a few thousand made it to Yan’an, and most people they started out with would perish along the journey.
The feat was extraordinary, and what determination it would take to keep the revolution alive at all cost. Nobody even knew what the future would look like for them, the challenges ahead of them, let alone their ultimate victory!
Well the screenshot says 26 days of non-stop walking. If you factor in rest and sleep, it could easily be a 2-3 months endeavor at minimum.
The Long March was nearly a year, and yes I agree, not even remotely comparable given that the Chinese communists were trekking through uncharted wilderness of the mountain ranges.
I shudder to think what would have happened to world history if they had just decided to give up instead of keeping the revolution alive at all cost.
To what end? To continue the brutalization of Africa, South America, the Pacific, etc. under the new shining sun of a Black president?
Don’t forget that Obama wiped out nearly half of the generational wealth of black communities in America overnight when he chose to bail out Wall Street by evicting 9 million American (predominantly black and Hispanic) families and transferred their properties to private capital ownership, one of the single largest transfer of wealth from the working class to the top 1% in American history. The wealth that black communities had accumulated over decades all ended up in the hands of private capital overnight thanks to Obama.
Well this site is probably the only place I feel comfortable asking stupid questions like this, but clearly I forgot that Hexbear is full of Putin’s strongest soldiers and treated as though I had just asked an idiotic question (it probably was).
Honestly I think American communists (if such a group even exists) should really prepare for a potential Long March if it ever comes to that.
This is nothing (~1500 miles on foot, likely on paved roads as well) compared to the Long March where Chinese communists trekked over 5600 miles through the most treacherous mountainous terrains across China while being pursued by the KMT set out to kill them.
Slightly unrelated, does anyone knows why podcasts like this never bothered to release their transcripts?
These episodes were scripted after all, so it’s not like they have to do extra work to get it down in written form. I’d even pay good money to purchase them but this has never been an option.
As someone who much prefer reading than listening because it’s so easy to miss small details when your attention wanders off for just a few seconds, it’s kinda frustrating. The same with the Revolutions podcast - so much details are packed into every episode and it would have been so much better to just being able to read them.
The Soviet Union and Russia use numbers as designation for many of its projects under development, and they are not assigned a name until serial production phase. Here’s an example of Soviet ship project numbers that follows this convention.
This extends beyond military projects though. In the USSR/Russia, research institutes are designated by numbers, as well as hospitals and schools etc. You don’t go to Libertyville High School, instead in Russia you go to “School 57” (Школа № 57).
China also largely follows the same numbering conventions for military projects, institutions, hospitals and schools.
Pretty sure it was the lucrative fur trade that drove their expansion to the east.
Follow up to the IMF mission to Russia:
IMF scraps its mission to Moscow, Russian media reports
The IMF has indefinitely postponed its first official visit to Russia since President Vladimir Putin ordered the full-scale invasion of Ukraine following criticism from several of Kyiv’s European allies, according to Russian state media.
The IMF’s leadership scrapped plans to begin a review of the Russian economy this week ahead of a trip to Moscow later this month because the mission was “technically not ready”, Alexsei Mozhin, the IMF’s executive director for Russia, told Tass news wire on Wednesday.
Mozhin said the last-minute decision was taken on Monday, the day preliminary talks were supposed to start. He suggested the U-turn had been prompted by objections from European countries to the IMF’s renewal of its ties with Russia.
In a letter seen by the Financial Times and signed by Poland, Denmark, Finland, Sweden, Lithuania, Latvia, Estonia, and non-EU members Iceland and Norway, ministers spoke about the “reputational risk” to the IMF and implied that such a visit would “diminish donors’ efforts and actions in supporting Ukraine through IMF initiatives”.
The visit “would be a sign for the international community that the IMF is ready to go back to business as usual, taking a step towards normalising relations with the aggressor”.
The European libs have prevented the reconciliation between Washington and Moscow lol. What a twist.
Once again the Russian libs get betrayed by their European “allies” who they love so much but that one-sided affection has never been reciprocated.
Do you seriously think that the consequences of Khrushchev’s reversal of Stalin’s policies would manifest immediately and not take years to culminate?
Stalin had built a strong industrialized economy that was growing exponentially and on the rise by the 1950s. It would take 30 years after Khrushchev’s policies for the USSR economy to stagnate, and eventually fail.
For example, when the USSR defaulted under Khrushchev in 1957, the seeds that would lead to “empty shelves under communism” stereotype had already been sown, as both industrial and agricultural production were brought to stagnation. Many policies under Stalin that made the USSR the most rapid growing economy in history were reversed en masse by Khrushchev.
Reagan and Clinton’s financial deregulations culminated in the subprime mortgage crisis in 2007 and the global financial crisis in 2008 - 7 years after Clinton had stepped down as president.
Honestly this site has always leaned more towards vibes-based discussion rather than actual material analysis. Can’t really fault that since this is a shitposting site after all and most of us come here after a day’s of hard work to relax and talk shit, not exactly to engage in profound intellectual discussion. If we’re restricting this to serious posting the number of active users will dwindle by a lot.
So a bit of vibeposting isn’t so bad as long as it keeps people engaged and come here to read the news and learn from/participate in the discussions going on in the news mega.
1973 United States–Soviet Union wheat deal
It wasn’t Stalin but Khrushchev who screwed up the Soviet agricultural sector
If the Europeans had been dreaming about MMT they would have called for abolishing the euro currency. The European left doesn’t even want to leave the eurozone. That’s how dire the situation is over there.
I don’t think the Russians really care about hiding their tracks, or are as competent as you think.
RT literally just got caught funding American right wingers in the most hilarious manner (Trueanon’s latest episode covered this). So the connection with the American right is there, I was just wondering specifically about Project 2025 because the naming convention came straight out of how Russians typically name things.
I was just curious because the naming convention is typical for Soviet/Russian projects. Americans would have named it Operation something something.
Didn’t expect the angry comments though. I should have known that Hexbear is full of Putin’s strongest soldiers before posting.
lmao this is such a Hexbear post. you really cannot find it anywhere else on the internet
It depends on how fast America can rebuild its own supply chain. If the Global South can form their own alternative economic bloc that decouples from the dollar, then there is very little reason to export to America.
When countries export stuff to places like China, they can actually get real, tangible things in return. When you export to America, you get junk papers in return. For now these junk papers are highly desirable, because you need them to purchase energy/food and pay back your debt, but would you still want to obtain junk papers when you no longer need them?
With so much of US consumer products dependent on foreign imports (seriously, name a Made in America product at your home, and even then, how many of its components are actually locally made), it will ultimately depend on what America can offer to the world that is attractive enough that other countries would want to sell their stuff to you. Hospitals, schools etc. still need supplies, many of which America no longer make. Maybe China can ship some humanitarian aid to America or something.
I think America can still sell fossil fuel and food, but those are fairly low value added goods and not nearly enough to sustain a high income economy. The country isn’t going to starve or anything, but it will no longer be able to get cheap consumer products like it used to.
Does anyone know if Project 2025 has a Russian connection behind it?
Honestly “Project [number]” is such a Soviet/Russian way of naming a project/plan, and rather uncommon in the American lingo, that I find it hard to believe that the GOP is naming it this way without Russia behind it as a consultant/mastermind or something.
Yeah people forget that Russia is a neoliberal hellhole.