The Other 98%, a group loosely associated with Occupy Wall Street, is trying to raise enough cash to outbid Rupert Murdoch and the Koch brothers in their efforts to buy the Tribune Company, owner of the Los Angeles Times, the Chicago Tribune and The Baltimore Sun, among other newspapers.
The richest Americans made trillions during the so-called economic recovery from 2009 to 2011, while most everyone else’s net worth dropped, according to a recent study. “It’s as if the entire economic recovery is going into the pockets of the rich,” Les Leopold writes at AlterNet. “And that’s no accident.”
In line with the teachings of academic and social philosopher Noam Chomsky, a study shows that people are likelier to join causes that present visions of a society that is warmer, friendlier and more moral than the one they live in than they are to support efforts that do not feature such outlooks.
Guided by the notion that unregulated, market-driven values and relations should shape every domain of human life, a business model of governance has eviscerated any viable notion of social responsibility and conscience in the United States, writes Henry A. Giroux in his new book, “Youth in Revolt.”
Although Karl Marx discerned in the middle of the 19th century that a new class of capitalists was creating “a world after its own image,” it took until the beginning of the 21st century before “a constantly expanding market” could be said to have fully spread capitalist social relations “over the entire surface of the globe,” write Leo Panitch and Sam Gindin in their new book, “The Making of Global Capitalism.”
The security and surveillance state, recently released FBI documents show, monitors even mainstream dissenters and is determined to shut down all organized resistance to corporate rule. The goal: an encompassing system of pervasive fear and overt intimidation.
Long before Occupy Wall Street took form, and long before the corporate media caught on, two of our top columnists at Truthdig foresaw the economic calamity that still grips our country. Chris Hedges devoted his time and energy warning Americans about the disastrous symbiosis between big business and our government, both in his columns and in the streets. Meanwhile, Truthdig Editor in Chief Robert Scheer covered the buildup to the meltdown for over a decade, naming names and taking no prisoners in his latest book, in his own columns and in his zinger of an acceptance speech at the 2010 Webby Awards -- held, as it happened, in the heart of Wall Street.