The US financial system and, probably, the financial system of Europe, like the police, no longer serves a useful social purpose. Deregulation permitted banks to leverage a small amount of capital with enormous debt in order to maximize return on equity, thereby maximizing …
Those times of heady promise are now a cruel memory. Again and again, Obama has shown his true colors. It isn’t simply that Obama lied. Politicians lie.
This past Thursday, a Modesto, California, man whose house was in foreclosure shot and killed the Sheriff's deputy and the locksmith who came to evict him from his condominium unit. Modesto authorities responded by sending 100 police and SWAT snipers to counter-attack, and …
What are these phantasmagoric money machines that they call "private-equity firms?" They're much in the news these days, because a fellow who was a private-equity magnate is presently running for president. Mitt Romney piled up a quarter-billion-dollar personal fortune thro …
For those waiting for our economic problems to be solved, you can quit holding your breath. There is simply not going to be a solution to our economic problems on the national level. So why is that the case? Well, it is because the economic policies of both …
When right wing politicians talk about deficits you can be certain that they're waging class warfare. When right wing politicians pursue economic austerity you can be certain that they're waging class warfare.
When the super rich can break laws and face zero consequences because they have bribed the politicians and law enforces then we don't have a Democracy under the rule of law. We have an oligarchy for the super rich and a fake rigged democracy. Through a legalized system of b …
These “going postal” rampage killings like the one that just took place at the Oikos University campus happen so often and with such relentless rhythm, a lot of people might easily assume that these mass-shootings at American schools and workplaces have always b …
The middle class is being systematically wiped out of existence in the United States today. America is a nation with a very tiny elite that is rapidly becoming increasingly wealthy while everyone else is becoming poorer. So why is this happening? Well, i …
Hallelujah, Washington has finally heard the people's cries for jobs! In an urgent bipartisan push, Democrats and Republicans have joined hands across the aisle to pass the JOBS Act. In this time of "The Great Hurt" — with widespread unemployment, middle-class incomes …
Let there be no doubt where Wall Street's political loyalties lie: Of all the money the securities and investment industry has poured into the 2012 presidential contest so far -- to the candidates and the super PACs behind them -- an unambiguous 92 percent has gone to the GOP …
Here are a few broad-brush examples of how this screw-you attitude toward the idea of a balanced, strong, cooperative American family is playing out right now: Most conservatives now openly reject the very idea of democracy.
The federal government is trying to convince us that the unemployment rate is going down, but that is not really true. The key is to look at the percentage of working age Americans that actually have jobs. During the last recession that percentage fell dramatically as …
One wonders what the political landscape would look like without Limbaugh. Arguably, with fourteen million people needing to find another braying jackass to serve as their mentor, his absence would have a salutary effect. But Limbaugh ain’t going anywhere.& …
The inside story of how the Republicans abandoned the poor and the middle class to pursue their relentless agenda of tax cuts for the wealthiest one percent
The last week has offered an amusing display of the difference between the cheerleading corporate mainstream media, lying Wall Street shills and the critical thinking analysts like Zero Hedge, Mike Shedlock, Jesse, and John Hussman.
Thanks to the Occupy Wall Street slogan We Are The 99%, growing income and wealth inequality in the United States was a source of much discussion in 2011. That talk has largely disappeared now, replaced by the great distraction called the presidential political campaign.
This year, the butt of many a joke were the protesters of Occupy Wall Street.
I do not know how long it will take to dethrone the corporate state, but I do know it is a dead and terminal system of power. As the global economy deteriorates and climate change causes greater disruptions, these corporations will be increasingly discredited.
According to shocking research done by the IMF, the global elite are holding a total of 18 trillion dollars in offshore banks. And that figure does not even count any money being held in Switzerland. That is a staggering amount of money. Keep in mind that U. …
There are many schemes now for undoing the doctrines under which corporations claim constitutional rights and bribery is deemed constitutionally protected "speech." Every single one of these schemes depends on a massive movement of public pressure all across the homeland fo …
When communities try to keep corporations from engaging in activities they don’t want, they often find they don’t have the legal power to say “no.” Why? Because our current legal structure too often protects the “rights” of corporations over …
Americans have never much liked government. After all, the nation was conceived in a revolution against government. But the surge of cynicism now engulfing America isn’t about government’s size.
Beginning last year the average American family: could not afford the average single family house... depended on their employer for health care insurance or went without... were in debt with no way out... didn't pursuing further education... saved nothing...
The question is simple: Are we going to live under corporate domination, or will we have a free and prosperous society of, by and for the people? The corporations are destroying society in their scramble to grab everything they can to stay alive and profit.