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Tag: Capital

The Problem With How Governments Pay for Wars (Video)

Economist Richard Wolff explains how corporate banks and politicians exploit the system of money printing to gain political capital or warrant military efforts.

Posted on Apr 14, 2017 WATCH & LISTEN


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How to Stop Capitalism’s Deadly War With Nature

It’s not humanity alone that threatens life on earth. The bigger culprit is an economic and political system that relies on endless global appropriation of cheap food, energy, raw materials and labor.

Posted on Sep 13, 2016 READ MORE



Capitalists of the World, Unite!

You can’t be a capitalist without capital, and the overwhelming majority of Americans don’t have any.

Posted on May 30, 2016 READ MORE



Gimme Shelter (From the Tax Man): Disappearing Money and Opportunistic Candidates

While the two leading candidates for the presidency, Donald Trump and Hillary Clinton, have indeed suggested cosmetic fixes for a situation that only grows more extreme with the passage of time, they have themselves taken advantage of numerous tax “efficiency” strategies that make money evaporate.

Posted on May 9, 2016 READ MORE



Thomas Piketty: Bernie Sanders Heralds a New Era in American Politics

“In many respects, we are witnessing the end of the politico-ideological cycle opened by the victory of Ronald Reagan at the 1980 elections,” writes French economist Thomas Piketty, whose 2014 book “Capital in the Twenty-First Century” made inequality a respectable topic of conversation among professionals and beltway pundits.

Posted on Feb 17, 2016 READ MORE



The Downsides of Cheap Abundance

What to do with this expanding phenomenon of “abundance” in a world racked by public and private poverty and its damaging fallouts? We must impose wisely used charges or taxes on the abundant commons.

Posted on Oct 23, 2015 READ MORE



Large U.S. Firms Hold $2.1 Trillion Overseas to Dodge Taxes

The 500 largest U.S. companies would owe an estimated $620 billion in U.S. taxes were it not for the more than $2.1 trillion in offshore cash that most of the firms hold in foreign tax havens, according to a study released this week.

Posted on Oct 7, 2015 READ MORE



What Marx Was Really Saying

To grasp the work of the groundbreaking economist and philosopher, we have to go beyond his image and do more than just intuit what is right in his work.

Posted on Sep 23, 2015 READ MORE



Piketty on Germany’s Hypocrisy: It ‘Has No Standing to Lecture Other Nations’

“Those who want to chase Greece out of the eurozone today,” the French economist says, “will end up on the trash heap of history.”

Posted on Jul 6, 2015 READ MORE


Stephen Colbert to Thomas Piketty: ‘Why Are You Trying to Tear Down the Western Economic System?’

The writer of the best-selling book “Capital in the Twenty-First Century” that’s on everybody’s mind these days stopped by “The Colbert Report” on Monday for a reckoning with the faux-conservative host.

Posted on Jun 3, 2014 WATCH & LISTEN



Thomas Frank Locates Thomas Piketty’s Blind Spot

The celebrity economist’s proposal of an “international IRS” as a means to end rampant wealth inequality falls far short of methods that exist in the American tradition, Salon columnist Thomas Frank writes in a critique of the best-selling “Capital in the Twenty-First Century.”

Posted on May 18, 2014 READ MORE



Has Thomas Piketty Really Never Gotten Around to Reading Marx?

The best-selling author whose “Capital in the Twenty-First Century” has been shaking up the world says Karl Marx did not influence his research, but his statement may be tongue in cheek; the true Crimean referendum results were accidentally revealed, showing only 15 percent of voters backed annexation; meanwhile, the mayor of Seattle has proposed a plan to raise the minimum wage to $15 an hour. These discoveries and more after the jump.

Posted on May 7, 2014 READ MORE



Prognosticator: Karl Marx Foresaw 2014

The 19th-century economic theorist “accurately predicted several aspects of contemporary capitalism, from the Great Recession to the iPhone 5S in your pocket,” Sean McElwee writes at Rolling Stone.

Posted on Feb 1, 2014 READ MORE



ms.akr (CC BY 2.0)

Karl Marx Is More Relevant Than Ever

“For many in my generation, the ideological underpinnings of capitalism have been undermined,” writes Jacobin editor Bhaskar Sunkara at The Guardian. “That a higher percentage of Americans between the ages of 18 and 30 have a more favorable opinion of socialism than capitalism … signals that the cold war era conflation of socialism with Stalinism no longer holds sway.”

Posted on Jan 25, 2013 READ MORE



withayou (CC-BY)

Here Comes the Capital Strike

From his seat in Congress, House Speaker John Boehner announced in mid-September that American business owners would continue to hold the nation’s wealth (and thus the public welfare) hostage until government granted them the “low-tax, deregulated world they wanted,” writes journalist and author Thomas Frank in Harper’s online. (more)

Posted on Nov 26, 2011 READ MORE


Reading ‘Capital’ on Labor Day

Is there a better way to honor the working-class struggle than to study Karl Marx’s “Capital” on Labor Day? How about reading along with distinguished City University of New York professor David Harvey, who after almost 40 years is still teaching the book? (more)

Posted on Sep 5, 2011 WATCH & LISTEN



Flickr / Wonderlane (CC-BY)

Buffett Pumps Up Bank of America

Warren Buffett’s company Berkshire Hathaway negotiated a $5 billion investment with Bank of America on Thursday, a vote of confidence in the recently ailing institution. (more) [Earlier Thursday, Truthdig erroneously reported the figure as $5 million.]

Posted on Aug 25, 2011 READ MORE


We Need to Move the Capital to Hawaii

There’s no nicer place in America, as demonstrated by this photo juxtaposition of the president signing the 9/11 Health and Compensation Act and the Miscellaneous Tariff Bill.

Posted on Jan 3, 2011 WATCH & LISTEN


Robber Barons
icsd.k12.ny.us

A Non-Rising Tide Lifts No Boats

The rationale of the TARP bailout’s “capital-injection program”—providing banks with capital that will increase loans to consumers and businesses—has apparently been forgotten by the 20 largest banks that received TARP money. A Treasury Department survey has found that lending in the last quarter of 2008 was stagnant, or even slightly declined, despite $250 billion in capital-injection funds.

Posted on Feb 18, 2009 READ MORE



Wikimedia Commons / Kevin McCoy

Credentials in Order, Burris Is Heading Back to D.C.

Last time he came knocking at the Capitol, the Senate sent Roland Burris away empty-handed. But now that the Illinois secretary of state has ended his protest and signed the relevant paperwork, Burris is hoping his next visit has a happier ending.

Posted on Jan 11, 2009 READ MORE


Paulson Congress
AP photo / Lauren Victoria Burke

Paulson Bailout Plan Could Reach $1 Trillion

If you thought the Iraq war was expensive, the Bush administration is also throwing an estimated $1-trillion bailout of major finance firms to prevent a meltdown of the U.S. economy. President Bush and Treasury Secretary Henry Paulson outlined such a “bold approach” Friday morning, yet detailed plans still remain forthcoming.

Posted on Sep 19, 2008 READ MORE


Hillary Clinton
Flickr / seiu_international

Clinton Gets Back to Business

Hillary Clinton went back to work Tuesday “with an even greater depth and awareness of what we have to do here in Washington,” she said. The senator was greeted at the Capitol by a cheering crowd on her first return since losing the nomination.

Posted on Jun 24, 2008 READ MORE


ENTER_ALT_TEXT
nytimes.com / Joao Silva

U.S. Builds Wall in Sadr City

Sadr City, the Baghdad neighborhood turned refuge for Iraqi insurgents, is getting a infrastructural makeover this week as workers begin building a wall to isolate the area from the rest of the capital city. U.S. forces say the construction is a security measure to stem anti-U.S. and anti-coalition activity.

Posted on Apr 18, 2008 READ MORE


Jefferson's Koran
Think Progress

Ellison Sworn In; Earth Maintains Orbit

Despite all the outrage, Keith Ellison managed to get sworn in to the House of Representatives with his hand on a Koran without destroying democracy or cracking the rotunda. Appropriately, the Koran Ellison used once belonged to another wild and rebellious character: Thomas Jefferson.

Posted on Jan 5, 2007 READ MORE


Pelosi and Reid
nytimes.com

Get Ready, Here They Come

Democrats are set to blitz Congress with a legislative agenda that tackles stem cell research, the minimum wage, ethics, 9/11 commission recommendations, oil subsidies, education and prescription drugs—all before President Bush arrives at the capital for the State of the Union address Jan. 23.

Posted on Jan 1, 2007 READ MORE


Bush and Ford
Left: softvote.com / Right: wikipedia.org

Bush to Avoid Ford’s State Funeral

President Bush will skip out on President Ford’s state funeral on Saturday, instead remaining in Texas until services are held on Tuesday. Ford gave two embargoed interviews critical of the current president that were released shortly after his death.

Posted on Dec 29, 2006 READ MORE


no smoking
designofsignage.com

Pelosi Mulls Smoking Ban

D.C. may be smoke-free, but Congress gets to set its own rules.  Unfortunately for nicotine-craving lawmakers (25% of Congress), the Democrats’ victory may lead to change for more than Iraq and the minimum wage—Speaker-elect Nancy Pelosi is considering a ban on smoking in the U.S. Capitol.

Posted on Dec 8, 2006 READ MORE


Alcohol Boosts Salary, Says Study

Drinkers are apparently more apt to reap “social capital,” said the study’s co-author. “Social drinkers are out networking, building relationships and adding contacts to their BlackBerries that result in bigger paychecks.”
We’ll drink responsibly to that!

Posted on Sep 15, 2006 READ MORE


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