Tag Archives: Capitalism

Towards Market Fascism : America’s Political Cannibalism

Even got too hot for John: McCain takes the microphone from a woman at a rally Friday in Lakeville, Minn., after she said: “I don’t trust Obama. … He’s an Arab.” Photo by Jime Mone / AP. This should be … Continue reading

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Chomsky: "Progressive Legislation and Social Welfare Have Been Won by Popular Struggles, Not Gifts from Above"

Anti-Democratic Nature of US Capitalism is Being ExposedBy Noam Chomsky / October 10, 2008 Bretton Woods was the system of global financial management set up at the end of the second World War to ensure the interests of capital did … Continue reading

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Fairie Tale About the Economy : You Gotta Believe

‘Healing our sick economy is going to take the power of faith.’By Roger Baker / The Rag Blog / October 9, 2008 Interestingly enough, those who understand the mysteries of the US economy advise us that once we have faith … Continue reading

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Visualize Industrial Collapse Dept.

Propping up Capitalism…‘A hundred billion in federal guarantees here, a trillion there, it all adds up.’By Roger Baker / The Rag Blog / October 7, 2008 Don’t focus on the Dow too much. More important is probably how Bernanke is … Continue reading

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Indentured College Graduates: How the Capitalist System Locks in the Slaves

I could write a book about this: the capture of innocent young people into a system that requires them to pay off their student loan debts for years as they try to start lives and Families. The way the capitalist … Continue reading

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When the Common User Questions the Economic Justice of Capitalist Executive Compensation

Steve Schwarzman, Chairman and CEO Blackstone Group (BX)2007 Total compensation: $350.7 millionI wonder why Paulsen didn’t hit upon the billionaires and the 25 HIGHEST PAID MEN IN THIS COUNTRY for that money!By Diane Stirling-Stevens / The Rag Blog / October … Continue reading

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Roger Baker : Industrial Collapse? Bring it On!

Collapse the Light into Earth by ~EvidencE~‘The best outcome is probably for humans to hit the wall soon and hard.’By Roger Baker / The Rag Blog / October 2, 2008 Is industrial collapse the BEST way out of our current … Continue reading

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Barbara Ehrenreich : How Positive Thinking Wrecked the Economy

Greed: The Little Engine that Couldn’tBy Barbara Ehrenreich / September 24, 2008 Greed – and its crafty sibling, speculation – are the designated culprits for the ongoing financial crisis, but another, much admired, habit of mind should get its share … Continue reading

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What’s Wrong with This Picture?

Forbes publishes list of 400 wealthiest AmericansBy Tom Eley / September 24, 2008 Even as the US careens into its greatest economic calamity since the Great Depression, the financial aristocracy whose parasitism and criminality has brought on the crisis has … Continue reading

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The Logical Conclusion to Deregulating the Markets

Has Deregulation Sired Fascism?By Paul Craig Roberts / September 24, 2008 Remember the good old days when the economic threat was mere recession? The Federal Reserve would encourage the economy with low interest rates until the economy overheated. Prices would … Continue reading

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Tom Hayden : No Deal. We Need Economic Democracy

The bailout, the election, and new hope for the leftBy Tom Hayden / September 24, 2008 The proposed Wall Street bailout is the ultimate lipstick on a pig. Progressives should oppose it, no matter the cosmetics. I speak as a … Continue reading

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‘Monument to Audacity’ : Bailout is No Solution

OK. You’re bailed out. But don’t do nothin’ bad.No Bail Out. We want a Buy Out.By David P. Hamilton / The Rag Blog / September 24, 2008 The bailout of the US financial sector is going to happen because the … Continue reading

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