Trump offers socialism for the rich, capitalism for everyone else

To a conservative mind, socialism is getting something for nothing. Yet this is what the Donald Trump gives to the filthy rich. by Robert Reich Guardian Feb 11, 2019 America will never be a socialist country,” Donald Trump declared in his State of the Union address. Someone should alert Trump that America is now a … Continue reading Trump offers socialism for the rich, capitalism for everyone else

Share Buybacks and the Contradictions of “Shareholder Capitalism”

by Julius Krein  American Affairs Dec 13, 2019 In the jargon of finance, America is suffering from a capital allocation problem. The country seems incapable of making the necessary investments to fuel future productivity and growth, or to ensure widespread prosperity. At the government level, public spending on basic research and development as well as … Continue reading Share Buybacks and the Contradictions of “Shareholder Capitalism”

Who’s Really Afraid of Socialism?

Mehdi Hasan interviews Elizabeth Bruenig Intercept Deconstructed Feb 7, 2019   https://player.megaphone.fm/PPY8088442568?auto=false&sharing=true&start=0   DURING HIS STATE OF THE UNION address, President Trump expressed “alarm” at what he termed “new calls to adopt socialism in our country.” “Tonight,” he proclaimed, “we renew our resolve that America will never be a socialist country.” The line received a standing ovation … Continue reading Who’s Really Afraid of Socialism?

The Coming Fall Of The Super-Rich

by Rainer Shea  Revolution Dispatch Feb 5, 2019 Today’s super-rich are the most privileged and powerful group of people in history. If you’re a billionaire, you can usually decide an election by funneling a little bit of your money into the race. You can sway public opinion by buying up media outlets, and by using … Continue reading The Coming Fall Of The Super-Rich

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

Elizabeth Warren Proposes Annual Wealth Tax on Ultra-Millionaires

by David Dayen Intercept Jan 24, 2019 SEN. ELIZABETH WARREN’S presidential campaign rolled out a proposal for an annual tax on wealth, becoming the first major Democratic candidate to follow a recommendation outlined in Thomas Piketty’s blockbuster book, “Capital in the Twenty-First Century.” The proposal, according to two University of California, Berkeley, economists who are … Continue reading Elizabeth Warren Proposes Annual Wealth Tax on Ultra-Millionaires