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The Chris Hedges Report Podcast: Richard Wolff
The Chris Hedges Report Podcast: Richard Wolff The Chris Hedges Report Podcast speaks with the economist Richard Wolff about inflation, growing income inequality and the looming disasters built into the U.S. economic system Podcast
A Survival Guide For 2019
A Survival Guide For 2019 How to safely navigate the ‘Year Of Instability’ As the first month of the year concludes, it’s becoming clear that 2019 will be a very different kind of year. The near-decade of ‘recovery’ following the Great Financial Crisis enjoyed a stability and tranquility that suddenly evaporated at the end of […]
To Understand America’s Neofeudal Economy, Start with Extortion
To Understand America’s Neofeudal Economy, Start with Extortion Here is the result of America’s neofeudalism: soaring wealth and income inequality. Let’s spin the time machine back to the late Middle Ages, at the height of feudalism, and imagine we’re trying to get a boatload of goods to the nearest city to sell. As we drift […]
We Are All Lab Rats In The Largest-Ever Monetary Experiment In Human History
We Are All Lab Rats In The Largest-Ever Monetary Experiment In Human History And how do things usually work out for the rat? There are ample warning signs that another serious financial crisis is on the way. These warning signs are being soundly ignored by the majority, though. Perhaps understandably so. After 10 years of […]
The Pie Is Shrinking So Much The 99% Are Beginning To Starve
Melissa E Dockstader/Shutterstock The Pie Is Shrinking So Much The 99% Are Beginning To Starve How much longer until the pitchforks come out? Social movements arise to solve problems of inequality, injustice, exploitation and oppression. In other words, they are solutions to society-wide problems plaguing the many but not the few (i.e. the elites at […]
What Could Pop The Everything Bubble?
What Could Pop The Everything Bubble? A crisis that can’t be solved by just printing more dollars I’ve long held that if a problem can be solved by creating $1 trillion out of thin air and buying a raft of assets with that $1 trillion, then central banks will solve the problem by creating the […]
How Fascist Capitalism Functions: The Case of Greece
How Fascist Capitalism Functions: The Case of Greece There is democratic capitalism, and there is fascist capitalism. What we have today is fascist capitalism; and the following will explain how it works, using as an example the case of Greece. Mark Whitehouse at Bloomberg headlined on 27 June 2015, “If Greece Defaults, Europe’s Taxpayers Lose,” and presented […]
U.S. Wealth-Concentration: The Most-Accurate Current Estimates
U.S. Wealth-Concentration: The Most-Accurate Current Estimates CURRENT REALITIES: Wealthiest Tenth (10%) of Americans Own 75% of America; They Draw 40% of All U.S. Income. Wealthiest Hundredth (1%) of Americans Own 43% of America; They Draw 20% of All U.S. Income. Wealthiest Thousandth (0.1%) of Americans Own 22% of America; They Draw 8% of All U.S. Income. Wealthiest Ten-Thousandth (0.01%) Own 11.2% of […]
Two Startling Victories for Global Sanity in One Week
Two Startling Victories for Global Sanity in One Week Austerity doesn’t work. Dutch judge: Citizens are right, slash carbon emissions. Two remarkable developments in the past week that could have a significant impact in many countries are worth a lot more attention in Canada and the United States. First, a major research document published by five top […]
Earthcare, Literally Speaking
Earthcare, Literally Speaking A version of this essay appeared in the May-June 2015 edition of BeFriending Creation, the newsletter of Quaker Earthcare Witness (QEW), with the title “An Earth Testimony.” In light of the Pope’s climate encyclical, it seems appropriate to share more widely. From the beginning, care for the living Earth and all its creatures has been woven […]
If Food Is a Right, Who Should Provide It?
If Food Is a Right, Who Should Provide It? Nearly 850,000 Canadians visited food banks in one month last year. At a recent public forum in Victoria, B.C. about the right to food, the first audience question was about federal politics and the October election, which put the panelists in an awkward position. “We all […]
Anxiety and Interest Rates: How Uncertainty Is Weighing on Us
Anxiety and Interest Rates: How Uncertainty Is Weighing on Us Anxiety and uncertainty are weighing on individuals even where the overall economy is growing. Some of this angst is the fallout from advances in information technology. The Internet, ubiquitous computing, robotics, 3-D printers and the like are wonderful advances, yet they may also be personal […]
What Thomas Piketty and Larry Summers Don’t Tell You About Income Inequality
What Thomas Piketty and Larry Summers Don’t Tell You About Income Inequality So-called reasonable proposals on how to fix inequality are really a bunch of hot air. In a paper for the Institute for New Economic Thinking’s Working Group on the Political Economy of Distribution, economist Lance Taylor and his colleagues examine income inequality using new […]
Money, Gold and Liberty in 2015 and Beyond
Money, Gold and Liberty in 2015 and Beyond Looking Back at 2014 2014 was quite an eventful year for global markets: Janet Yellen became the new Chairman of the Federal Reserve; we were on the brink of war in Crimea, and Germany won its fourth world cup title. Many countries around the world held elections, […]
Canadian CEO Pay Climbs Twice As Fast As Average Worker’s Since 2008: Study
Canadian CEO Pay Climbs Twice As Fast As Average Worker’s Since 2008: Study. OTTAWA – Canada’s top-paid CEOs saw their compensation climb at double the rate of the average Canadian between the depths of the recession and 2013, a new study has found. The country’s 100 highest remunerated chief executive officers pulled down an average […]
