Articles by Nick Beams

We found 9 results.


Trump Signs Hong Kong “Democracy” Bill
Nick Beams | WSWS – TRANSCEND Media Service, 2 Dec 2019

29 Nov 2019 – Entitled the “Hong Kong Human Rights and Democracy Act”—and passed by the US Congress with only one dissenting voice, making it veto-proof—the legislation has nothing to do with either.

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Wall Street at Record Highs as Global Growth Slows
Nick Beams | WSWS – TRANSCEND Media Service, 11 Nov 2019

7 Nov 2019 – As Wall Street reaches new highs all three major indexes (the Dow, the S&P 500 and the Nadaq) hit records in the past week. While impoverished workers and youth from US, India, Lebanon, Iraq, Chile, Ecuador are told “there is no money” for jobs, wages, schools or health care, trillions are made available to the speculators and big investors to increase their stock portfolios and enlarge their personal fortunes.

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Marx’s Analysis of the Laws of Capital and the Share Market Crisis
Nick Beams | WSWS – TRANSCEND Media Service, 26 Feb 2018

17 Feb 2018 – Down through the years one of the most persistent attacks on Karl Marx by the high priests of bourgeois economics—the ideological guardians of the profit system—has been his contention that, in the final analysis, capitalism depends on the impoverishment of the working class.

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After The Financial Crisis: How the Ultra-Wealthy Have Prospered
Nick Beams | WSWS – TRANSCEND Media Service, 4 Sep 2017

The 2008 crisis proved to be but a “temporary setback.” The process of wealth accumulation is not the result of any kind of economic “recovery,” nor the supposed “entrepreneurship” of its beneficiaries. Rather, it is the outcome of a system characterised, as Marx put it, by the accumulation of fabulous wealth at one pole and poverty and misery at the other.

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Deepening National Antagonisms Dominate G7 Summit
Nick Beams | WSWS – TRANSCEND Media Service, 30 May 2016

The G7 nations are seeking to ramp up military pressure against China, amid a deepening economic slump and divisions within their own ranks.

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The G20 Summit: A Spectacle of Political Bankruptcy
Nick Beams, WSWS – TRANSCEND Media Service, 7 Sep 2015

7 Sep 2015 – The meeting of G20 finance ministers and central bankers held in Ankara, Turkey over the weekend underscored the inability of the major capitalist powers to initiate any measures to halt the recessionary forces overtaking the world economy.

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The Escalation of Global Financial Parasitism
Nick Beams, WSWS – TRANSCEND Media Service, 1 Jun 2015

The rise in stock markets expresses not the health, but rather the deepening sickness, of the global economic order. The imposition of financial dictatorship is not a hypothetical issue—it has already been implemented in Greece, impoverishing millions of people.

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US “Grand Strategy” for War against China Laid Out
Nick Beams, WSWS – TRANSCEND Media Service, 4 May 2015

The Council on Foreign Relations report cites a publication produced during World War II defining “grand strategy” as one that “so integrates the policies and armaments of a nation that the resort to war is either rendered unnecessary or is undertaken with the maximum chance of victory.” This is not merely a concept of war but “an inherent element of statecraft at all times.”

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Financial Markets Celebrate European Central Bank Launch of €1 Trillion Quantitative Easing Program
Nick Beams, WSWS – TRANSCEND Media Service, 26 Jan 2015

[Quantitative Easing: euphemism for ‘printing more money for benefit of banks, financial vultures.’ – TMS Editor] The measures will have little or no impact on the real economy. Rather, they are aimed at making available further supplies of ultra-cheap cash for financial speculation.

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