The other night I watched The Greatest Cable News Program That Absolutely Ever Was. The host was extolling the virtues of capitalism, repeating the claims you can read in The Economist or Wall Street Journal; that capitalism has lifted many millions out of poverty worldwide.
The same broadcast also reported that most Americans “could not lay their hands on $1,000” in an emergency. That figure may be on the high side. Other published reports put it at $400, including what may be available on a credit card.
The program host missed the contradiction. You can’t be a capitalist without capital. The overwhelming majority of Americans don’t have any, and are completely excluded from the “benefits” of the capitalist system he extolled.
Capitalism is not a form of government. It is a system of wealth management. It does not create wealth, but only allocates it. It is indifferent to the welfare of people. It has no social purpose. Private profit is everything.
Michael Winship, Writers Guild of America East/BillMoyers.com joins Thom. A lot of people haven’t seen a candidate like Donald Trump in their lifetimes. But if you’re old enough to remember the election of 1968 – you probably remember one third party candidate who sounded eerily like Donald Trump.
America Needs To Steal Back the Nordic Model… If you want to live the American dream – or at least FDR’s version of it – you’ll have to move to Scandinavia.
Dr. Mark Weisbrot, Center for Economic and Policy Research (C.E.P.R.)/Just Foreign Policy/FAILED: What the “Experts” Got Wrong about the Global Economy joins Thom. Just months before the Summer Olympics are set to begin in Brazil – the country is in the midst of a serious political crisis. So why doesn’t the United States seem more concerned?
Corporations should NOT rule OUR politics. Establishment politicians have lost touch with the people. Corporations should NOT control OUR country. The movement is NOT about Bernie Sanders it’s about PROGRESSIVE values.
The Democratic National Convention in Philadelphia is going to be sponsored by the worst of the worst. Healthcare lobbyists, proponents of fracking, and even Comcast will be hosting the event, as DNC chair Debbie Wasserman Schultz has decided to lift the convention’s ban on lobbyists. America’s Lawyer Mike Papantonio talks about the fall of the Democratic Party with Thom Hartmann.