Category Archives: Economics

Let’s Talk Democratic Socialism, Already: After 30 years of failed neoliberalism, we need a real alternative.

Posted on by
Reply

Corporate America’s assaults on working people—seeking profits through offshoring jobs, busting unions, paying politicians to slash corporate taxes and deregulating the banks—have ruined our economy. . . The accident of birth should not determine the course of a person’s life. Government expenditures are an indication of a society’s priorities, and it is both economically and morally imperative to provide a safety net for those who suffer the most in a downturn. . . Capitalism, patriarchy, white supremacy—they are linked structures of oppression that must be dismantled. Analyzing these structures is critical to forging a political strategy to challenge corporate power.
Read more . . .

Gov. Scott Walker Gets Checked, Mic Checked!

Posted on by
Reply


The beauty of this is the witnessing of the involuntary transfer of authority by the right-wing reactionaries, and the priceless look on their faces upon realization that their authority had just been stripped from them. That was pure poetry in motion!

Occupy Wall Street — “We Are What Democracy Looks Like!”

Posted on by
2

It’s called Occupy Wall Street for a reason: it’s about the MONEY, stupid! The money that has put profits before people and left human values to be measured by price alone. The money that (with the complicity of the Supreme Court) has replaced votes (one for each of us) with dollars (one for the 99 and 99 for the one!) turning democracy into plutocracy. . . Look at the process, which is a bold attempt to embody a “horizontal” paradigm of participatory engagement as an alternative to “vertical” big league moneyball democracy.
Read more . . . 

Wall Street Traders Have Profited More Under Obama Than In Eight Years Under Bush

Posted on by
Reply

Wall Street banks experienced years of unprecedented growth under President Bush, at least until the crisis of 2008. But in the two-and-a-half years since President Obama took office, the largest Wall Street banks have grown even larger, and profits at banks and trading firms have risen even faster than they did under Bush, the Washington Post’s Zachary Goldfarb reports:

Wall Street firms — independent companies and the securities-trading arms of banks — are doing even better. They earned more in the first 2 1/2 years of the Obama administration than they did during the eight years of the George W. Bush administration, industry data show. […]

Read more . . .