The Powell Memo

CONFIDENTIAL MEMORANDUM (PDF version download here) Attack on American Free Enterprise System DATE: August 23, 1971 TO: Mr. Eugene B. Sydnor, Jr., Chairman, Education Committee, U.S. Chamber of Commerce FROM: Lewis F. Powell, Jr. This memorandum is submitted at your request as a basis for the discussion on August 24 with Mr. Booth (executive vice … Continue reading The Powell Memo

The Powell Memo: A Call-to-Arms for Corporations

In this excerpt from Winner-Take-All Politics: How Washington Made the Rich Richer — and Turned Its Back on the Middle Class, authors Jacob S. Hacker and Paul Pierson explain the significance of the Powell Memorandum, a call-to-arms for American corporations written by Virginia lawyer (and future U.S. Supreme Court justice) Lewis Powell to a neighbor … Continue reading The Powell Memo: A Call-to-Arms for Corporations

The demonstrations in France and the global class struggle

by Alex Lantier WSWS 7 December 2018 The French government of banker-turned-President Emmanuel Macron is preparing for a major confrontation with “yellow vest” demonstrations and other protests this weekend, as the political crisis gripping the French state intensifies. The interior ministry is planning to deploy 89,000 riot and military police throughout the country on Saturday, … Continue reading The demonstrations in France and the global class struggle

New President of Mexico says Privatization is Theft

By Andrés Manuel López Obrador Jacobin Dec 1, 2018 Leftist president-elect Andrés Manuel López Obrador takes office today in Mexico. Here, he explains how privatization has pillaged the public — and calls for a break with the neoliberal order. In terms of our collective wellbeing, the politics of pillage has been an unmitigated disaster. In economic and social … Continue reading New President of Mexico says Privatization is Theft

Obama Loved Austerity and the New Democrats Remain Addicted to It

By Bill Black, the author of The Best Way to Rob a Bank is to Own One and an associate professor of economics and law at the University of Missouri-Kansas City. Jointly published at New Economic Perspectives and Naked Capitalism I know the Republicans are complete hypocrites about federal deficits and debt. I know their dishonesty and … Continue reading Obama Loved Austerity and the New Democrats Remain Addicted to It

United In Exile

With about eight dynasties now possessing as much money as half the entire world's population combined, it is impossible to ignore the fact that extreme wealth inequality is antithetical to the health and future of humanity and every other living thing on earth. Karen Garcia  Sardonicky November 26, 2018 Despite the dystopian title - American Nightmare … Continue reading United In Exile

Free markets and the decline of democracy

What is the source of the 21st century tendency to authoritarianism? The central purpose of neoliberal re-regulation is to remove economic policy from control by representative democracy. by John Weeks OpenDemocracy "Adam Smith's Wealth of Nations ahistoric view": John Kay engraving, 1790. Wikicommons/United States Library of Congress. Public domain.   It is difficult to find a … Continue reading Free markets and the decline of democracy