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TOPIC: capitalism

eyes on the U.S.

A Foreign Eye On America's Stunning Drop In Life Expectancy

Over the past two years, the United States has lost more than two years of life expectancy, wiping out 26 years of progress. French daily Les Echos investigates the myriad of causes, which are mostly resulting in the premature deaths of young people.


On May 6, a gunman opened fire in a Texas supermarket, killing eight people, including several children, before being shot dead by police. Particularly bloody, this episode is not uncommon in the U.S. — it is the 22nd mass killing (resulting in the death of more than four people) this year.

Gun deaths are one reason why life expectancy is falling in the U.S. But it's not the only one. Last December, the American authorities confirmed that life expectancy at birth had fallen significantly in just two years: From 78.8 years in 2019, it would be just 76.1 years in 2021.

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The country has thus dropped to a level not reached since 1996. This is equivalent to erasing 26 years of progress.Life expectancy has declined in other parts of the world as a result of the pandemic, but the U.S. remains the developed country with the steepest decline — and the only one where this trend has not been reversed with the advent of vaccines. Most shocking of all: This decline is linked above all to an increase in violent deaths among the youngest members of the population.

Five-year-olds living in the U.S. have a one in 25 chance of dying before their 40th birthday, according to calculations by The Financial Times. For other developed countries, including France, this rate is closer to one in 100. Meanwhile, the life expectancy of a 75-year-old American differs little from that of other OECD countries.

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The AI Capitalists Don't Realize They're About To Kill Capitalism

The threats posed by advanced AI are serious and varied. It will change capitalism so much that in the end we will be faced with a choice between two systems: a new form of communism or unchecked chaos.

-Analysis-

BERLIN — An open letter published by the Future of Life Institute at the end of March called for all labs working on artificial intelligence systems more powerful than GPT-4 to “immediately pause” their work for at least six months. The idea was that humanity should use this time to take stock of the risks posed by these advanced systems.

Thousands of people have already signed the letter, including big names such as Elon Musk, who is an advisor to the Future of Life Institute. The organization's stated aim is to reduce the existential risks to humankind posed by such technologies.

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The Rise Of China Does Nothing To Fix What's Wrong With The West

The West and its brand of modernity may be waning in favor of an ascendant China, but is it offering anything besides replacing market forces with brute force.

-Analysis-

BOGOTÁ — It's a bedlam out there. We can feel around us the dissolution of all that seemed, just yesterday, so solid and permanent.

Some say the West is in decline, in a process that began in the late 19th and early 20th centuries, when the United States burst onto the stage before compounding its power after 1945. It put an end to the last days of Europe's imperial splendor.

Observing events today, we may feel that the American years were in fact the West's last, magnificent chapter, and the East is regaining a long-lost supremacy, reshaped this time by communist China.

The American Way of Life, as that shallow version of Western civilization is called, barely had time to mature and define itself. It simply appeared as the rule of materialism and economic power, with a motto to chase money at any cost, even at the expense of living a life.

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Sweden Has One Of The Best Social Welfare Systems. Why Are So Many People Lonely?

Hygge dreams and happy extended families are increasingly fading away.

-Analysis-

Even if Sweden has one of the world's best social systems, more and more people say they are becoming lonely. Instead of idyllic extended families, more individualistic ways of living are becoming more common. This is having serious consequences, especially for those over 60.

If you believe in individualism, you should be in favor of a strong state. That sounds paradoxical, and it is. But while ideologies strive to erase contradictions, the real world is often contradictory.

Sweden, which is still the country with the world's most comprehensive welfare system, is also the country with the second-highest proportion of single-person households, just after Finland. Almost half of Swedes live alone.

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Ideas
Reinaldo Spitaletta

In A World Of Hunger And Greed, Knowledge For Its Own Sake Is More Vital Than Ever

Students are now paying customers and the world revolves around capital and commerce. But reading and education are our best forms of both pleasure and resistance. Reminders from assassinated Spanish poet Federico García Lorca.

-Essay-

BOGOTÁ — In 1931, when inaugurating the public library of his hometown of Fuente Vaqueros in southern Spain, the poet Federico García Lorca gave a speech about hunger. He spoke of a hunger for learning and its baser variety, inside the belly, denouncing those who speak of economic demands without ever mentioning the cultural needs "for which peoples have cried out."

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Green
Martina Di Paula, Sara Navarro and Juventud por el Clima

"Slow-Burn Consumption," A Feminist Model To Reconcile Economy And Ecology

Mass consumption is encouraged in the West, but people, particularly women, and the planet pay the price for exploitative capitalism. So, we need to be clear that taking care of each other and tackling the climate crisis are inextricably linked.

Discussing consumption is never easy. The conversation gets even more complex when you consider the political action (or lack thereof) of the person who is consuming. How do we manage the instinct of somehow holding the individual solely responsible for the climate crisis.

There is a capitalist system that drags us towards mass consumption, but when more than one person rethinks the consumption model, we sow a seed that will bear fruit if we all water it.

Leticia Toledo and Maria Victoria Coronado drew attention to this in their article 'Slow-burn Consumption': “We live in a capitalist and patriarchal economic system, the existence of which is based on unlimited growth, which consumes raw materials and human energy to generate money," they write. "In this context, the only jobs that are considered to exist are those that produce goods and services that can be monetized."

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eyes on the U.S.
Alex Hurst

Eyes On U.S. — Thanksgiving Gone Global, Black Friday Bad Influence

PARIS — The city of lights is littered with advertisements for “Black Friday” deals. Of course, virtually none of the city’s residents will celebrate Thanksgiving — and few probably even know that the traditional Friday shopping day is linked to the uniquely American (always-on-Thursday) holiday.

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Society
Gaspard Koenig

The Right To Laziness — A New French Theory To Put Work In Its Proper Place

A French politician recently made the case for the "right to laziness". In the era of the “great resignation” or "quiet quitting”, the idea is not as far-fetched as it sounds. After all, history shows us that work is a very recent human passion.

-Essay-

PARIS — “The value of work” has been one of French President Emmanuel Macron and his government's priorities in recent years. Communists, too, claim that working is a source of emancipation, while the classic liberalism makes labor the core of progress. Meanwhile, the tech enthusiasts who hold the real power today also see work as the only way to save the public accounts.

Big issues are at stake here: our whole social system — from calculating pensions to paying allowances — is driven by the hunt for that next job.

In the middle of all this, Sandrine Rousseau’s dissident voice rose up. The left-leaning French economist and politician started asking for a “right to laziness.”

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Economy
Reinaldo Spitaletta

The Folly Of 'Degrowth' Economics — A View From The Global South

Those touting degrowth for the sake of the planet should remember that the majority of the earth's population has yet to taste a fraction of the material prosperity now blamed for destroying the natural world.

-OpEd-

BOGOTÁ — A Colombian poet once said that to keep the peace in this country, people had to be kept fed. But to do so, profound changes need to be made that will tackle the causes of misery in a place like Colombia. That means industrializing the countryside, creating new fronts in employment, and, above all, developing that thing called capitalism.

James Lovelock, a pioneer of environmentalism, observed years ago that the friends of the earth had their heart in the right place, but not so much in their head. The industrialized world, he said, needn't yank itself back to primitive farming but rather the poorer countries should first industrialize their farming.

This beautiful and long-suffering homeland of ours remains today in the grip of a residual feudalism, with a countryside that grapples systematically, and fearfully, with such regular practices like paramilitaries grabbing fertile plots.

Growing calls to pursue a policy of degrowth in the world's advanced economies jibe very little with life in these parts.

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Coronavirus
Jag Bhalla*

It's The Access, Stupid: Why Leaving Vaccines To Capitalism Will Never Work

The U.S. will stop funding vaccines but says it wants equitable access. That’s not possible in a predatory system.

-OpEd-

Throughout the COVID-19 pandemic, the U.S. federal government has supervised the purchasing and distribution of vaccines, tests, and treatments. Many Americans saw for the first time what publicly funded healthcare could do as citizens were able to access prevention and treatment without for-profit constraints.

But a few weeks ago, Dawn O’Connell, the U.S. Assistant Secretary for Preparedness and Response at the Department of Health and Human Services, announced that COVID-19 “countermeasures” – meaning vaccines, tests, and treatment – would transition to the commercial market sooner than previously planned, with program funds set to run out as early as January 2023.

O’Connell noted that “while the federal government has been pleased to play this role, we have always known that we would not be in this business forever.” She emphasized the administration’s goal of “continued equitable access” for all Americans.

Her statement expresses an astonishing display of ill-founded confidence in the idea that the private sector will do the right thing — like handing over henhouse security to a fox and expecting higher egg production in return.

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Society
Azahara Palomeque

It's Neoliberalism, Stupid: A Millennial's Plea To Break The Status Quo

I am part of a generation whose quality of life will be worse than those who came before us. This should encourage society to realize that the idea of infinite growth is a myth, and that time is of the essence when it comes to saving the environment.

-Essay-

Millennials (those aged roughly between 25 and 38) and others born after us will never be able to live better than our parents (or grandparents). There are those who will blame Netflix subscriptions or avocado toast as a pattern of expenses that, if avoided, would allow us in theory to buy a house. But the economic data is there and it doesn’t lie.

Economic growth has slowed down in a good part of the globe and, along with this, there has been a weakening of the welfare states in most Western countries. This has been coupled with a reduction in taxes for those who are the wealthiest, resulting in unprecedented wealth inequality.

Demonizing the leisure activities of the most precarious sectors not only demonstrates a conservative and prejudiced position but also a shameless ignorance in the face of a problem that has been studied by many experts.

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Ideas
Nolan Higdon

Elon Musk Wants Twitter For The Big Data, Not The Free Speech

Oligarchs of the ‘Second Gilded Age’ in the like of Elon Musk are already able to influence the public's minds through media ownership. But getting a hand on Twitter means having access to its users' data and exploiting it for financial purposes.

During the Gilded Age of the late 19th century, and the early decades of the 20th century, U.S. captains of industry such as William Randolph Hearst and Jay Gould used their massive wealth to dominate facets of the economy, including the news media. They were, in many ways, prototype oligarchs — by the dictionary definition, “very rich business leaders with a great deal of political influence.”

Some have argued that the U.S. is in the midst of a Second Gilded Age defined — like the first — by vast wealth inequality, hyper-partisanship, xenophobia and a new crop of oligarchs using their vast wealth to purchase media and political influence.

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