Category Archives: Capitalism

UNESCO Approves Palestinian Membership Bid

Posted on by
1

The Palestinian bid received 107 “yes” votes during a UNESCO meeting in Paris, with 14 countries voting against and 52 abstaining, enough to satisfy a two-thirds majority of those countries present and voting . . . Israel, not surprisingly, voted against the measure, as did the United States, Canada and several European countries, including Germany. The United Kingdom abstained, while France voted in favour. Ahmed Yousef, a Hamas official and the deputy foreign minister in Gaza, called it a “great achievement” and said the vote “shows that Israel and America are not dictating politics to the world anymore.”
Read more . . . 

Quote: John Kenneth Galbraith

Posted on by
1

John Kenneth “Ken” Galbraith (October 15, 1908 – April 29, 2006 )
Canadian-American Keynesian Economist, Prolific Author

An understanding of our economic discourse requires an appreciation of one of its basic rules: Men of high position are allowed, by a special act of grace, to accommodate their reasoning to the answer they need. Logic is only required in those of lesser rank.

‘The American dream was that anyone could make it. That is no longer the dream’

Posted on by
Reply

Since the time of President Reagan, the richest one percent of the country has seen exponential income growth. Everyone else, including the people who most need to have their incomes grow, have not done nearly so well. The main reason for that is tax policy[.]
Watch video here . . . 

War Veteran Wounded By Police At Occupy Oakland, Stun Grenade Thrown At Folks Helping Him

Posted on by
Reply

Scott Olsen, a protester who’s done two tours of duty in Iraq and is now involved in Veterans For Peace, was critically wounded during an Oakland police raid by police projectiles. When people tried to help him, an officer lobbed a flash bang grenade right into their group. Olsen is currently hospitalized with serious injuries and is reported to be in critical condition.
Watch video here . . .

New numbers: Income for top 1 percent skyrocketed over last 30 years

Posted on by
Reply

As the chart at right shows, between 1979 and 2007, the share of after-tax income going to each of the bottom four income quintiles–the bottom 80 percent–has dropped. The only quintile that has increased its share is the top 20 percent. And the top 1 percent has more than doubled its share
. . . The Occupy Wall Street movement has made inequality [emphasis added] a key focus of its protests, and has used the slogan, “We are the 99 percent.”
Read more . . .