Neoliberalism, unregulated capitalism, socialism, tax breaks for the rich.
80 articles · page 3 of 4
With world opinion now focused on news that Russian forces have committed crimes in the Ukraine war, it’s important to note that no army has a monopoly on committing war crimes against civilians in any war zone worldwide. As this article by Chris Hedges on the site, Substack, points out, the U.S. committed…
Many Russian oligarchs made their money the old-fashioned way: they stole it when Russia privatized state assets. Republicans want to privatize USA institutions (such as the USPS), as well as utilities and state agencies. Watch out: American oligarchs could happen here.
Celebrate capitalism with these three classic trading posters. Order them here. https://www.ebay.com/itm/Celebrate-Capitalism-3-Vintage-Futures-Trading-Posters-24×18-35-each/274708754215…
The recent announcement that a New York federal judge has approved T Mobile US Inc.’s takeover of Sprint Corp. means there will be a fundamental change in the U.S. wireless market. It also can mean an end to competitive pricing that benefits average consumers. The Wall Street Journal said the new merger will “test…
The forced liquidation of more than $20 billion in holdings from Archegos Capital Management. This has created huge liquidations on a few continents and showed that unregulated hedge funds are a financial danger.
GameStop traders think they will beat hedge funds by buying the stock, but closing the carried interest loophole is the best way to curtail predatory capitalism.
This article is from the Monthly Review. “Dear Reader, we make this and other articles available for free online to serve those unable to afford or access the print edition of Monthly Review. If you read the magazine online and can afford a print subscription, we hope you will consider purchasing one. Please visit the MR…
In a CBS Morning show interview today, West Virginia Senator Joe Manchin, a conservative Democrat from West Virginia, cautioned President-elect Joe Biden to appoint a moderate Cabinet if he wanted to work with a Republican Congress. As part of his rationale, Manchin said program proposed by progressive Democrats cost the party votes and even contributed…
List of progressive organizations in the U.S. Many people are surprised to discover that the first progressive in the U.S. to hold a major office was Teddy Roosevelt, a Republican. Roosevelt became a progressive in an era when huge monopolies were taking over the nation’s railroad, banking, mining, and steel industries. They were buying entire…
When Trump held the Republican Party Convention in August 2020, the media and political pundits said the convention did not produce a party platform. They were wrong. The convention had an old, dusted off the political platform. It was the one the Republicans resurrected from the John Birch Society, the ultra-right-wing group that has morphed…
People who want to reform predatory capitalism should learn two words: carried interest. Carried interest is much more than a nerdy accounting term. It is the reason why three of the most lecherous forms of modern financial businesses—private equity firms, hedge funds, and real estate developers—have skirted paying their full amount of federal taxes, destroyed…
The unprecedented distribution of taxpayer money to publicly traded corporations, small businesses, and individuals has created a lot of confusion about socialism, including corporate socialism. What is socialism? How does it work? Who benefits? These are all valid discussions for a complex political philosophy. But, in the practical world, socialism is best understood if we…
The cover story behind the multi-trillion-dollar COVID bailout is that it will benefit big businesses, the unemployed, and small businesses. But that is not the real story. This money will largely benefit hedge funds, private equity firms and global corporations, not average Americans or the unemployed. Sure, they will get a small, one-time check, but…
If you ever wondered what happens to politicians after they leave elected office and try to find a job in the real world, look no further. Here is a great video of a real live, former Republican elected official who received national attention when she ran as vice president of…
(A version of this article was posted on this site on June 4, 2016.) Trump’s vicious vendettas against all of his critics are part of his sociopathic pathology. Even worse, it goes back for decades. His public humiliations of the government officials who testified against him in the recent impeachment trials are…
Nothing smacks of self-interest better than a rich person trying to defend their wealth. Self-interest is as old as human and animal DNA, so it is no surprise that it’s still a paramount concern today. It also is no surprise that self-interest among the very rich plays a role in the upcoming election that…
One of the key messages of the 2020 election is that capitalism is in trouble and is not working for millions of Americans. From the wealth gap to unchallenged monopolies to wage stagnation, it’s clear that the corporations have taken over the nation. This is what allowed the corrupt Trump administration to get into office.
Americans love celebrities. They also love celebrity fraud. How else can we explain why Trump’s hard-core Republican “base” continues to support him, despite his near-insane tweets and abysmal record in leadership, legislative success, policy formulation, and implementation. It’s also worth noting that if die-hard Trump supporters really respect their leader, they should adopt his…
This evening’s second Democrat presidential debate will feature the two leading progressive candidates against other more conservative contenders on various policy issues. But the progressives–Bernie Sanders and Elizabeth Warren–have set the direction for the policies being addressed by the others, especially in the areas of health care (Medicare for All), voter suppression,…
https://www.facebook.com/RickyJMarc/videos/2106776296251596/ Don’t Be A Sucker “For some, these are the words of an imploration to those that are otherwise gullible. Do not be fooled. Made in 1943, this film, produced by the U.S. Department of War, addresses the very real and damaging effects of racial, religious, and fraternal oppression, as well as the…
