How come stocks and Wall Street bank profits soar, while economy tanks and COVID corpses pile up?
There’s only one explanation – Federal Reserve is funneling trillions into financial markets. No 2642 Posted by fw, July 16, 2020 “Amid all of this death and economic devastation, the … Continue reading
Think of Wall Street as a “wall” protecting the rich from the rest of us
Until the rich feel our pain, it’s easy for them not to care. No 2620 Posted by fw, May 10, 2020 — “In the month of April—as 30 million Americans … Continue reading
Gallup poll finds 90% of Americans satisfied with life – While Fed Gov finds 1.5 million students homeless
Most satisfied are high-income households, Republicans, married adults. While other studies expose mounting inequality and social distress. What gives? No 2578 Posted by fw, February 6, 2020 Satisfied: Story Highlights … Continue reading
Corporate media claim record inequality and rising corporate profits equals “Strong Economy”
Corporate news outlets cherry pick performance measures to hype a “strong economy” while downplaying precarious plight of working class. No 2550 Posted by fw, November 26, 2019 — “Last month, … Continue reading
How leftists/progressives can counter the “fear and security narrative” of the American ruling class
Global interdependence and solidarity are central to the needed change, argues Prof. Derber. No 2520 Posted by fw, September 10, 2019 “But on the issue of militarism, I think it’s … Continue reading
How the US ruling class sells fear to impel people to identify with and depend on elites for sense of power
“I can feel good about myself because I’m part of this great nation, led by these wealthy people who often are seen as vested by God in maintaining the moral … Continue reading
“The Green New Deal is a hollow slogan and grab-bag of demands” — WSWS
It is meant to divert the growing struggle of the working class into the dead end of the Democratic Party. No 2446 Posted by fw, March 6, 2019 “Last month, … Continue reading
Heartbreaking story of Dayton Ohio’s struggle to recover from Great Recession of 2008
Once-vibrant Dayton dealing with rise in violence, opiate and drug addiction, unemployment, income inequality, urban blight, and more. No 2408 Posted by fw, January 3, 2019 “I first came to … Continue reading
Parasitic system drives US stock market to record highs. Ruling class will stop at nothing to expand its wealth
Workers’ wages and working conditions decline, life expectancy falls, drug overdose grows. System reform impossible. No 2360 Posted by fw, August 26, 2018 “Since its low point on March 9, … Continue reading
“We’re going to see this economic system spinning out of control and destroying itself” Richard Wolff
We’re besieged with economic and political theatre, anything to distract us from confronting an economic system that doesn’t work for the majority. No 2195 Posted by fw, April 3, 2018 … Continue reading
American capitalism’s unbearable poverty depicted with brutal honesty in film Hold Me Down
A day in the life of a 19-year-old single mother who works as a stripper in the South Bronx – Watch film here. No 2189 Posted by fw, March 24, … Continue reading
US looking more and more like a developing country, says MIT prof
80 percent of population in debt, anxious about job security, besieged by crumbling infrastructure. No 1944 Posted by fw, April 27, 2017 “America is regressing to have the economic and political … Continue reading
