Bill Black: Why the World Economic Forum and Goldman Sachs are Capitalism’s Worst Enemies
Bill Black discusses the basis for giving the “Private Eye” award to Goldman at the counter World Economic Forum gathering at Davos .
Read more...Category Archives: Income disparity
Reader Critical Thinking Test! How Many Things Can You Find Wrong with Adam Davidson’s Latest Article?
As much as I thoroughly enjoy shredding Adam Davidson’s Sunday columns in the New York Times, why should I have all the fun?
Read more...Yes, Virginia, The Rich Did Very Well With the Fiscal Cliff Deal
The Real News Network has conducted a series of interviews on the fiscal cliff deal, and the two most recent are worthwhile in and of themselves, and are also good tools for persuading those who fallen for the idea that Obama got a good deal to reexamine their view. With the Vichy Left now trying to soften up the public for Social Security and Medicare “reform,” it’s particularly important to keep an accurate scorecard on what has already gone down.
Read more...Lynn Parramore: 6 Reasons Joseph Stiglitz and Other Top Economists Think Means-Testing Medicare & Social Security Is a Destructive Idea
By Lynn Parramore, a senior editor at Alternet. Cross posted from Alternet
In Washington-speak, “means-testing” is a scheme to deny or reduce Medicare and Social Security benefits for people who are “too wealthy” in the name of saving money. It’s a counterproductive, harmful idea, but one that well-intentioned liberals often get snookered into embracing.
Read more...Banks Deeply Involved in FBI-Coordinated Suppression of “Terrorist” Occupy Wall Street
If you’ve been following the story of the official response to Occupy Wall Street, it was apparent that the 17 city paramilitary crackdown was coordinated; it came out later that the Department of Homeland Security was the nexus of that operation. The deep FBI involvement is a new and ugly addition to this picture.
Read more...Krugman Ponders the Fallen State of US Labor
Paul Krugman is troubled by this chart from the Bureau of Labor Statistics and is looking for explanations.
Read more...Citi Cuts 11,000 Jobs Rather Than Lower Pay, Illustrating Rentier Capitalism in Operation
Citi is a particularly blatant example of a way of operating that has become endemic in American business: when things get tough, throw as many employees as possible under the bus, and use that to maintain or even increase the pay of the top echelon.
Read more...The Obscenely Rich Men Bent on Shredding the Safety Net
CEOs talk about shared sacrifice, but the only thing they want to share is your retirement money with their wealthy friends.
Read more...Tens of Thousands of Egyptians Protest Morsi’s Power Grab
This Real News Network interview with Hamid Dabashi discusses the drivers and ramifications of Mohammed Morsi’s usurpation of democratic checks on the president.
Read more...An Inconvenient Truth About Lincoln (That You Won’t Hear from Hollywood)
By Lynn Parramore, a contributing editor at Alternet. Cross posted from Alternet
There’s a side of Lincoln that no Hollywood film shows clearly: He was extremely close to the railway barons, the most powerful corporate titans of the era.
Read more...Michael Hudson: My Take on Obama’s Big Win
By Michael Hudson, a research professor of Economics at University of Missouri, Kansas City, and a research associate at the Levy Economics Institute of Bard College,. His latest book is “The Bubble and Beyond.”
The Democrats could not have won so handily without the Citizens United ruling. That is what enabled the Koch Brothers to spend their billions to support right-wing candidates that barked and growled like sheep dogs to give voters little civilized option but to vote for “the lesser evil.”
Read more...Obama Wins, the System is Broken
This interview with Rob Johnson of the the Roosevelt Institute, Marc Steiner of WEAA, and Lester Spence of We are Many gives a sobering view of election results.
Read more...Desperate Effort by Tyler Cowen and Megan McArdle to Silence Discussion about Income Inequality
A tangible sign that the issue of income inequality is taking hold in the American psyche: Tyler Cowen has made a patently ridiculous effort to try to change the topic, and Megan McArdle is dutifully amplifying it.
Read more...Econ4 Discusses Jobs and Job Creation
Econ4 has released the first video in its series, The Bottom Line. This offering debunks the propaganda that tax cuts for the wealthy create jobs.
Read more...Launching the NC 2012 Fundraiser!
Last year, around this time, NC held its first fundraiser. You helped show that Naked Capitalism was a valuable place for honest discourse, a corner of the world where we could peer into the abyss, together. It worked. Your generosity helped us upgrade the site’s infrastructure, bring in a series of guest bloggers, and in a host of ways large and small, aid us in ruthlessly describing the destructive impact of growing power of elite finance in the US and abroad.
As we move toward the elections, I’m going to ask all of you to join me once again.
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