Modern Monetary Theory is used by Wall Street to Take Advantage of Groupthink

by Patricia Cohen NYTimes edited by O Society April 9, 2019 The package of eccentric ideas known as modern monetary theory — for example, that annual deficits are too small, and that the United States can essentially print money to pay off its debt — has been on the receiving end of a remarkable level … Continue reading Modern Monetary Theory is used by Wall Street to Take Advantage of Groupthink

Survival of the Richest: All Are Equal, Except Those Who Aren’t

Musical intro: When My Train Pulls In by Gary Clark Jr https://youtu.be/2XITBuWNROk by Nomi Prins TomDispatch Feb 26, 2019 Like a gilded coating that makes the dullest things glitter, today’s thin veneer of political populism sparsely covers a grotesque underbelly of growing inequality hiding in plain sight. And this phenomenon of ever more concentrated wealth and … Continue reading Survival of the Richest: All Are Equal, Except Those Who Aren’t

There’s now an official Green New Deal. Here’s what’s in it.

A close look at the fights it picks and the fights it avoids. by David Roberts Vox Feb 7, 2019 Markey and Ocasio-Cortez hold a news conference to unveil their Green New Deal resolution. Alex Wong/Getty Images And for now, to share a few initial impressions after reading through the short document a few times: What a … Continue reading There’s now an official Green New Deal. Here’s what’s in it.

The plane(t) has been hijacked by billionaires, and we’re all passengers

Richard Feloni interviews Anand Giridharadas  Business Insider Feb. 1, 2019 Anand Giridharadas is an author and professor whose book "Winners Take All" is a scathing critique of the way elites treat philanthropy. He said Western elites have cloaked themselves in "changing the world" to protect their interests and reduce the efficacy of democratic change. He's critical of … Continue reading The plane(t) has been hijacked by billionaires, and we’re all passengers

Wall Street, Banks, and Angry Citizens

by NOMI PRINS  Le Monde Diplomatique FEBRUARY 1, 2019 A major question remains unanswered when it comes to the state of Main Street, not just here but across the planet. If the global economy really is booming, as many politicians claim, why are leaders and their parties around the world continuing to get booted out … Continue reading Wall Street, Banks, and Angry Citizens

A History of Neoliberalism: Chris Hedges, David Harvey, and Michael Hudson

You can download and read the book A Brief History of Neoliberalism here as a PDF. Below is a series of videos by the books' author as a primer on the most important topic of our age, which practically no one has heard of nor understands: Neoliberalism https://youtu.be/D-YO5EROH-I ON CONTACT: A History of Neoliberalism, Part I … Continue reading A History of Neoliberalism: Chris Hedges, David Harvey, and Michael Hudson

The Science of Predicting the Next Financial Crisis

The end really is near: a play-by-play of the coming economic collapse Steve Keen is a Professor of Economics at Kingston University with a focus on analyzing capitalism as a monetary system What will happen: I expect a boom before a slump, and a pretty messy economic performance overall. And I expect a small downturn … Continue reading The Science of Predicting the Next Financial Crisis