“THIS SUCKER COULD GO DOWN.” – George W. Bush, 9/25/08

Is This the End of Capitalism?

By Alex KNIGHT

Hi, I’m Alex Knight.  I’m a teacher, writer, and activist. I manage endofcapitalism.com and I’m writing a book called The End of Capitalism. I was born on July 4, 1983. I was raised an All-American boy in a working class family in a small town outside of Philadelphia. Alex Knight is an organizer, teacher and writer in Philadelphia. Alex has been developing the theory of the end of capitalism since 2005, when he was studying at Lehigh University. The theory argues that the global capitalist system is breaking down due to ecological and social limits to growth and that a paradigm shift toward a non-capitalist future is underway. Alex graduated with a Bachelor’s degree in Electrical Engineering, and a Master’s degree in Political Science. He began organizing students in college on anti-war and environmental issues. From 2006-09, he helped build the new Students for a Democratic Society (SDS), organizing at the campus, city, and national levels. Alex was present for the first day of Occupy Wall St. and has been instrumental in facilitating the General Assembly of Occupy Philadelphia.

“Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist.” — Kenneth Boulding, economist.

“This sucker could go down.” – George W. Bush, 9/25/08

Capitalism requires growth. A system that requires growth cannot last forever on a planet that is defined by ecological and social limits. Capitalism is therefore fundamentally unsustainable – sooner or later it will run up against those limits and the system will stop functioning. At this moment we are in the midst of a crisis which is calling into question the future of this system. Now is a perfect opportunity to envision a new way of living in the world that can meet human needs while also respecting the needs of the planet. It is time to build this new world.

THE LATEST: EUROPE REJECTS TO SUBJECT ITSELF TO USA

German Economy Minister:

"TTIP Talks Have Failed"

by FRANK JORDANS Associated Press

In the latest blow for Obama's global trade agenda, German Vice Chancellor and Economy Minister Sigmar Gabriel said that free trade talks between the European Union and the United States have failed, citing a lack of progress on any of the major sections of the long-running negotiations. "In my opinion the negotiations with the United States have de facto failed, even though nobody is really admitting it" ZDF quoted the minister, according to a written transcript of the interview to be aired on Sunday. “[They] have failed because we Europeans did not want to subject ourselves to American demands.”