Category Economics
The Despotic Dozen
For the first time in history, the 12 richest individuals in the United States collectively hold over $1 trillion in wealth. […] “This despotic dozen has tremendous power and wealth related to their control of the technological platforms and digital commons that we all depend on.” Jeff Bezos ($189.4 billion) Bill Gates ($114 billion) Mark […]
How We Got Here: the Global Economy’s 75-Year Stumble to the Precipice — Strategic Culture Foundation
Charles Hugh SMITH Not only will there not be a recovery, but there can’t be a recovery, as those brittle extremes have been lost for good. How did the global economy end up teetering on a precarious financial precipice? To formulate a cogent answer, let’s take a whirlwind tour of the history of the global economy […]
Free Market Capitalism: The Greatest Lie Every Told — The Most Revolutionary Act
The Entrepreneurial State: Debunking Public vs Private Sector Myths By Mariana Mazzucato Anthem Press (2013) Book Review This book totally shatters the lie that the free market makes the US the world’s greatest economic power. Mazzucato leaves the reader with absolutely no doubt the exact opposite is true […] As Mazzucato’s research ably demonstrates, capitalism […]
Word: Socialism and capitalism — UNDERNEWS
Via Curtis Ison Thecase via Word: Socialism and capitalism — UNDERNEWS
EUGENICS: ‘SNAP’, Western Capitalism & “Useless Eaters” – By Caleb Maupin — RIELPOLITIK
Source – journal-neo.org – “…Western capitalism has entered a stage where it views the population not as an asset, but as a burden. Instead of seeing each citizen as capable of creating a contribution to society, and making the country better, the population is viewed as a problematic horde that must be carefully managed … […]
Paul Volcker’s Long Shadow — Truthdig RSS
Former Federal Reserve Chairman Alan Greenspan called Paul Volcker “the most effective chairman in the history of the Federal Reserve.” But while Volcker, who passed away Dec. 8 at age 92, probably did have the greatest historical impact of any Fed chairman, his legacy is, at best, controversial. “He restored credibility to the Federal Reserve… […] […]
The true legacy of US central banker Paul Volcker (1927–2019) — World Socialist Web Site (en)
A full accounting would reveal that his policies, imposed on behalf of the American capitalist class, resulted in untold social misery and the premature death of millions of people, not only in the US but around the world. via The true legacy of US central banker Paul Volcker (1927–2019) — World Socialist Web Site (en)
“We’re operating under a false perception and that perception really happened in 1976”
‘The only business of business is to maximize short term gain regardless of social or environmental cost.’
Aisle C 
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