Saving capitalism? The price could be democracy

Right now everyone seems to be getting terribly excited about saving capitalism. Which is fair enough, in the face of global meltdown. However, it seems to me that the price of saving capitalism is increasingly likely to be “democracy”. Which would be a shame as I’m a big fan of democracy. On the whole, I think it’s a good thing.
Read more . . .

What’s God got to do with it?

He may be invoked in the national motto, but God has nothing to do with why Americans are free and secure. . . The House voted 396-9 this week to reaffirm as the national motto the phrase “In God We Trust” and encouraged its pronouncement on public buildings and continued printing on the coin of the realm. The motto was made official in 1956 during the height of Cold War hysteria over godless communism and — in the words of Brig. Gen. Jack D. Ripper in “Dr. Strangelove” — “Communist infiltration, Communist indoctrination, Communist subversion and the international Communist conspiracy to sap and impurify all of our precious bodily fluids.”
Read more . . .  

What Next?

It has become clear to everyone except the professional political class that things cannot go on this way. . . The most important fact is that the neo-liberal experiment of the last few decades, what one might call the Great Leap Backward, has failed. In fact this project must be considered to constitute as great a crime against humanity as Stalin’s or Mao’s. . . In economic terms the measure of capitalism’s failure is the growth of inequality. The gap between the global rich and poor has increased over the last few decades. Wealth does not ‘trickle down’, on the contrary it is siphoned up. . .
Read more . . .