Screw the workers, enrich the billionaires — so goes America’s financialized, privatized capitalist economy
It wasn’t always this way. What happened? US professor of economics explains. — No 2696 Posted by fw, January 2, 2021 In a recent one-and-a-half-hour videorecording of a conversation between … Continue reading
Republicans and Democrats alike failed to deal effectively with 2020’s pandemic and related economic crises
Their neglect allowed political monopolists to continue to promote their self-interests by supporting private capitalism. — No 2695 Posted by fw, December 30, 2020 — For those who prefer a … Continue reading
Warning signs of financial crisis ahead as Canadian household debt reaches record high levels
Survey of recent business news reports reveals consensus — “debt will not delay the crisis much longer.” No 1870 Posted by fw, January 15, 2017 “Here, as productivity rose, real wages … Continue reading
We are on the brink of experiencing the next financial crisis, says leading financial authority
Satyajit Das, former banker, now risk consultant, warned about the risks of financial derivatives years before the Great Meltdown of 2008. No 1706 Posted by fw, June 19, 2016 “My accountant … Continue reading
How Wall Street transformed America into a kleptocracy, a nation ruled by “blood-sucking leeches”
“The most corrupt era in American history” captured in Michael Hudson’s new book, Killing the Host No 1611 Posted by fw, March 07, 2016 kleptocracy –literally, “rule by thieves” — a … Continue reading
Rise of the new fascists – Private security and military forces to serve and protect the wealthy
The 99 percent of us, without wealth and private police power, face threat of overt repression, complete loss of human rights, legal protections No 1491 Posted by fw, October 26, … Continue reading
How the rich and powerful took over the world and rigged the system
And most people still don’t have a clue what hit them – and is still hitting them. No 1466 Posted by fw, October 2, 2015 “The investors and the, increasingly, … Continue reading
New mega-infrastructure projects to rejuvenate global economy threaten Earth’s carrying capacity
Citizens demanding sustainable economies should be alarmed at new approach to global infrastructure development No 1226 Posted by fw, January 10, 2015 “We are at a critical moment where two … Continue reading
Why is this the age of US citizen mass acquiescence rather than the age of resistance that erupted in the 1880s?
We are witnessing the rebirth of the Gilded Age, with Wall Street and Big Business owning the President and Congress No 1215 Posted by fw, December 25, 2014 “It’s called … Continue reading
“No one has the political will, courage or imagination to deal with the Eurozone crisis” —Ilene Grabel
No 368 Posted by fw, December 16, 2011 “I think the even bigger problem is this kind of institutional lacuna. There isn’t actually a space in the global economy for … Continue reading
Crisis in American democracy: Part 7 – The short tragic life of the “Golden Age of Capitalism”
No 339 Posted by fw, November 15, 2011 In Part 6 of this 11-part series, Ferguson looked at labor’s struggle to build power and political influence during the 20th century … Continue reading
Capitalism on Trial Part 2 – Capitalism on the Brink
No 295 Posted by fw, October 10, 2011 “So what looks to us like a breakdown of capitalism may be simply the most spectacular of its creative destruction at work … Continue reading
Citizen Action Monitor 