Bill Black: Wall Street Declares War Against Bernie Sanders
The attacks on Sanders from Wall Street are getting ever more shrill….about time the felt some heat.
Read more...Category Archives: Income disparity
New York Review of Books on How Oligarchs Use Philanthropy to Advance Their Social Agendas (and a Shout Out to NC)
How the 0.1% are using philanthropy as a Trojan Horse for social engineering.
Read more...The 0.1%’s Marie Antoinette Moment
A card-carrying member of the 0.1%, Steve Schwarzman of Blackstone, has reveled himself to be dangerously out of touch.
Read more...Robert Reich: Why the White Working Class Abandoned the Democratic Party
The history of the political calculus that led the Democratic Party to turn its back on its traditional base, the working class, and how that’s coming back to bite now.
Read more...Gauis Publius: The Clinton Campaign Speaks to the New York Times
The Clinton campaign is too obviously interested in its success over that of the nation. And despite the Sanders surge, it still believes in its inevitability.
Read more...Capitalism Versus The Social Commons
How the struggle over who controls the commons, the monied classes or a broader group of citizens, reveals the fundamental contradictions of capitalism.
Read more...Neoliberal Capitalism, Its Crisis, and What Comes Next
The fundamental contradictions of neoliberal capitalism are pushing it to the breaking point.
Read more...Mathew D. Rose: Now It Is Poland’s Turn
Germany is very upset that Poland has voted in a populist, Euroskeptic, anti-austerity government. And Germany is particularly unhappy that the new regime is increasing its control over public media….which Germany already has in place.
Read more...2016: Oil Limits and the End of the Debt Supercycle
How tight linkages among phenomena, such as oil and commodity prices, and flagging non-elite wages, are about to cause substantial economic disruption.
Read more...Job Guarantee Versus Basic Income Guarantee
A lively and well-informed debate on the merits of a job guarantee versus a basic income guarantee.
Read more...John Helmer: Putin’s Supper for the Oligarchs – Who’s in the Family, Who’s Out?
What Putin’s annual dinner says about his “almost family”.
Read more...Michael Hudson: The Top Three Economic Stories of 2015
Yves here. I beg to differ a tad with Hudson in this Real News Network video regarding his third economic story. The US had already pushed Europe to side with it against Russia when it hit Russia with economic sanctions. The US had similarly declared an economic war of sorts against China with its “pivot […]
Read more...“Summer” Rerun: “Why America Will Need Some Elements of a Welfare State”
In 2007, the Financial Times’ Martin Wolf Wolf concluded that America needed some form of a welfare state. His argument is as valid now as then. Yet it is hard to imagine that anyone would make it now, particularly in light of the effort of soi-disant liberals to pretend that Obamacare insurance policies bear any resemblance to “universal health care”.
Read more...Bill Moyers: The Plutocrats Are Winning. Don’t Let Them!
How citizens must fight plutocrats if they are to have any hope of preserving rule by the people.
Read more...The Fed’s New “Operation Twist”: Twisted Logic for Bank Profits at the Expense of the Real Economy
How did Janet Yellen and the Federal Reserve justify their rate increase now, despite strong signs that there is little economic basis for doing so?
Call this an exercise in twisted logic, plain and simple.
Read more...