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Tag Archives: financialisation
We Can’t Save the Economy Unless We Fix Our Debt Addiction
We Can’t Save the Economy Unless We Fix Our Debt Addiction Our economy has increasingly been financialized, and the result is a sluggish economy and stagnant wages. We need to decide whether to stop the cycle and save the economy at large, or to stay in thrall to our banks and bondholders by leaving the debt […]
The Root of Rising Inequality: Our “Lawnmower” Economy (hint: we’re the lawn)
The Root of Rising Inequality: Our “Lawnmower” Economy (hint: we’re the lawn) This predatory exploitation is only possible if the central bank and state have partnered with financial Elites. After decades of denial, the mainstream has finally conceded that rising income and wealth inequality is a problem–not just economically, but politically, for as we all […]
Spain Braces for its Biggest Corporate Insolvency… Ever!
Spain Braces for its Biggest Corporate Insolvency… Ever! Blood on the Bourse Spain is about to experience its biggest corporate insolvency ever. Unlike Bankia and all of Spain’s other bankrupt savings banks, Abengoa, a Seville-based multinational specialized in renewable energy and “environmental services,” is unlikely to receive a taxpayer-funded bailout – at least not just […]
Why Slower Money Is the Key to a Real Economic Recovery
Why Slower Money Is the Key to a Real Economic Recovery An exciting crop of organizations are financing businesses in a way that creates real wealth. Here are a few ways to scale them up so that they can truly challenge Wall Street. There’s a financial fault line that runs through the heart of our […]
Untangling America from the American Empire
Untangling America from the American Empire Those calling for an end of the Empire don’t seem to realize that the federal state’s vast entitlement programs are ultimately funded by the Empire. The Status Quo would have us believe that America and its Empire are one entity. This is handy for those with Imperial designs but […]
All Hail Our New Lord and Master, the Stock Market
All Hail Our New Lord and Master, the Stock Market We’re all minions now of the stock market. The all-powerful Federal Reserve is mere minion of the stock market, a kitten absurdly claiming in public to be a tiger. If the market threatens to drop, the Fed quickly prostrates itself and does the bidding of its […]
Why Is Wealth/Income Inequality Soaring?
Why Is Wealth/Income Inequality Soaring? If conventional labor and finance capital have lost their scarcity value, then the era in which financialization reaped big profits is ending. Why is wealth/income inequality soaring? The easy answer is of course the infinite greed of Wall Street fat-cats and the politicos they buy/own. But greed can’t be the only […]
Let’s Talk About Solutions, Not Fake Fixes
Let’s Talk About Solutions, Not Fake Fixes Since the status quo has no workable Plan B to “growth” in an economy in which household incomes have declined 8.5% in a supposedly expanding economy, real solutions must arise outside the status quo. It’s a lot easier to talk about what’s wrong with the status quo and […]
Financial Shenanigans Should Have Trained Me For This
Financial Shenanigans Should Have Trained Me For This So there I was, caught in a bramble of sharp blackberry thorns coming from every direction. I’d been snagged first by the swooping thorn from high up that caught my hair, then by two more barbed branches that grabbed my pants and arm as I tried to […]
U.S. Households Under Pressure: Stagnant Incomes, Rising Basic Expenses
U.S. Households Under Pressure: Stagnant Incomes, Rising Basic Expenses How do you support a consumer economy with stagnant incomes for the bottom 90%, rising basic expenses and crashing employment for males ages 25-54? Answer: you don’t. Frequent contributor B.C. passed along a sobering set of charts that provide context for How The Average U.S. Consumer Spends […]
