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"The foundations of the state are the capitalist class relations, and it makes no difference whether the class contradictions arise from the private ownership by the few of the earth and the means of work or are brought about by the transferal of the same ownership to select state commanders.

However much more morally satisfying it may be to know that the right of exploitation does not lie in the hands of personal greed, — what matters is that all exploitation is exterminated, not that it is depersonalized. It is meaningless to the creative person whether his performance benefits a joint-stock company, which passes on in the form of dividends the derived profit to people who have absolutely no contact with the labor itself, often not even aware of what is being produced in the factory of which they are co-owners, — or whether the state confiscates the fruit of his labor. The effect is for him totally the same: the product of his labor does not belong to him, he is deprived of its possession and he finds absolutely no profit in the product itself, but rather in receiving a wage for its production. The wage system is not altered in the slightest by the transferal of private capitalism to state capitalism, yet the wage system is the mark of exploitation."

— Eric Mühsam, The Liberation of Society from the State: What is Communist Anarchism?



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"The foundations of the state are the capitalist class relations, and it makes no difference whether the class contradictions arise from the private ownership by the few of the earth and the means of work or are brought about by the transferal of the same ownership to select state commanders.

However much more morally satisfying it may be to know that the right of exploitation does not lie in the hands of personal greed, — what matters is that all exploitation is exterminated, not that it is depersonalized. It is meaningless to the creative person whether his performance benefits a joint-stock company, which passes on in the form of dividends the derived profit to people who have absolutely no contact with the labor itself, often not even aware of what is being produced in the factory of which they are co-owners, — or whether the state confiscates the fruit of his labor. The effect is for him totally the same: the product of his labor does not belong to him, he is deprived of its possession and he finds absolutely no profit in the product itself, but rather in receiving a wage for its production. The wage system is not altered in the slightest by the transferal of private capitalism to state capitalism, yet the wage system is the mark of exploitation."

— Eric Mühsam, The Liberation of Society from the State: What is Communist Anarchism?

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And while money initially moved into stocks in the morning, capital moved out of safe-haven assets. The price of the 10-year Treasury note fell Friday, sending its yield up to 2% from a March closing low of 1.73%. NEWS "We're seeing really dramatic moves, and it's all really tied to Ukraine right now, and in a secondary way, in terms of interest rates," Octavio Marenzi, CEO of Opimas, told Yahoo Finance Live on Thursday. "This war in Ukraine is going to give the Fed the ammunition, the cover that it needs, to not raise interest rates too quickly. And I think Jay Powell is a very tepid sort of inflation fighter and he's not going to do as much as he needs to do to get that under control. And this seems like an excuse to kick the can further down the road still and not do too much too soon." 'Wild West' The last couple days have exemplified that uncertainty. On Thursday, news emerged that talks in Turkey between the Russia and Ukraine yielded no positive result. But on Friday, Reuters reported that Russian President Vladimir Putin said there had been some “positive shifts” in talks between the two sides.
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