This initially benefits the first on the market with the new technology and allows them to sell their product at a price above its real value. The banking monopolies were quick to respond, raising average home mortgage loan rates for working people to six percent at a time when escalating real estate prices have put homeownership beyond the reach of addition millions. The U.S. elite’s income grew by 31 percent between 2009 and 2013, babu88 (https://babu88bd.pro) while the income of the bottom 99 percent increased by only 0.4 percent. Meanwhile, U.S. fossil fuel monopolies, via the Ukraine War, aim to eliminate Russian gas and oil from competing for Western European markets, driving prices to record highs. This is not to justify or underestimate the virulence of China’s systematic and horrendous persecution of the Uighur Muslim people, but only to expose the U.S. The rise of the far right and neo-fascists in the U.S. Teenage Chinese women living in dormitory factories working 80-plus hour shifts seven days a week at six cents per hour was not far from the exception at these foreign and Chinese-owned sweat shops. Today’s working class and youthful mobilizations have been the norm across the globe, but most have been sorely lacking in an independent class struggle leadership aimed at winning the vast majority to a clear break with institutional capitalist politics.
