Financial Markets Have Taken Over the Economy. To Prevent Another Crisis, They Must Be Brought to Heel.
A detailed and well-argued explanation of how the growth in the role of financial markets has become destructive.
Read more...Category Archives: Banana republic
Government Shutdown Once Again Shows the Lies Behind Deficit Hysteria
How the wealthy use deficit scaremongering to keep wages down and stave off calls for more investment and social spending.
Read more...An Aetna “Fake Accounts” Level Scandal? Medical Director Admits He Never Reviewed Medical Records Before Denying Care
An Aetna medical director said he didn’t review any cases, a bombshell admission even for one doctor, and damning if a normal practice.
Read more...After Carillion, Can Capitalism Clean Up Its Act? Or Will Marx Have the Final Word?
Will Carillion and other pending outsourcer blow-ups finally put Thatcherism in its grave? And will the US have a similar wake-up call?
Read more...Why CalPERS’ Private Equity Outsourcing Scheme Is Likely to Hurt Returns
Why CalPERS’ private equity outsourcing scheme is likely to leave the funds’ beneficiaries and California taxpayers worse off.
Read more...The Age of Lunacy: The Doomsday Machine
The lunacy of current Trump foreign policy is not unprecedented. This RNN interview discusses similarly unhinged incidents from the 1950s and 1960s.
Read more...UK Asks the Rest of the World to Be Super Duper Nice and Act as Its Old Deals Are Still Valid Post Brexit
Yet another Brexit train wreck.
Read more...The Payback: Why Aren’t Black Voters Rewarded by the Party That Depends on Them to Win Elections?
The Democrats don’t do much for black voters, and it’s getting a bit too obvious.
Read more...Bailed-Out RBS Systemically Forged Customer Signatures: Whistle-Blowers
It is not an exaggeration to call RBS evil. See some of the reasons why.
Read more...New Study Finds Cancelling Student Debt Provides Broad Economic Benefits at Low Cost
A new study out of Bard will no doubt produce a hissy fit among orthodox economists…assuming they don’t succeed in ignoring it instead In The Macroeconomic Effects of Student Debt Cancellation, Scott Fullwiler, Stephanie Kelton, Catherine Ruetschlin, and Marshall Steinbaum present a detailed examination of the costs of cancelling all student debt, public and private. […]
Read more...Economies of States Versus Economies of Cities
Why are some cities doing better than the states they inhabit?
Read more...What Bernie’s Historic 2016 Teaches for 2020
Sanders’ near-win in the Democratic primary with no corporate support was a first, proving that small money plus a serious message can succeed
Read more...Banks Wince as Wells Fargo Gets a Harder Than Usual Wet Noodle Lashing from the Fed
The Fed implements some new punishments at Wells Fargo, but this is weak tea when what is needed is rat poison.
Read more...Nomi Prins: Trump’s Financial Arsonists
How Trump’s financial deregulators are arranging more gimmies to banks.
Read more...Gaius Publius: Do Mainstream Democrats Really Want to Eliminate Carbon Emissions and Fossil Fuel Use?
Following the money tells you how serious mainstream Democrats are about tackling climate change….not.
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