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The Divide


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Tag: Capitalism

The Divide

Posted on Apr 18, 2014 READ MORE



The Divide

Matt Taibbi’s new book is more Lincoln Steffens than Hunter Thompson, dropping most of the histrionics to explore why Wall Street bankers are seemingly exempt from criminal prosecution.

Posted on Apr 18, 2014 READ MORE



The Insider’s Economic Dictionary: R Is for Rentier

Race to the bottom: A term for dog-eat-dog competition by which countries compete by cutting wage levels so as to produce in the cheapest market, not by raising wages and labor productivity.

Posted on Apr 14, 2014 READ MORE



The Global Banking Game Is Rigged, and the FDIC Is Suing

Taxpayers are paying billions of dollars for a swindle pulled off by the world’s biggest banks, using a form of derivative called interest-rate swaps. And the Federal Deposit Insurance Corporation has now joined a chorus of litigants suing over it.

Posted on Apr 13, 2014 READ MORE



Neoliberalism and the Machinery of Disposability

What has emerged in the new America is an intensification of the practice of disposability in which more and more individuals and groups are now considered excess, consigned to zones of abandonment, surveillance and incarceration.

Posted on Apr 10, 2014 READ MORE



Are Corporations Really Hogging Workers’ Wages?

Some of the most respected economists in the world are telling Americans their employers have been taking an increasing share of their earnings over the past four decades. The truth is a bit more complex.

Posted on Apr 9, 2014 READ MORE



Capital in the 21st Century

In his new book, French economist Thomas Piketty reminds us that within the dynamics of capitalism is a natural and destabilizing tendency toward inequality of income, wealth and opportunity.

Posted on Apr 4, 2014 READ MORE


Sen. Sanders: ‘Will This Nation Become an Oligarchic Form of Society?’

In an address to the U.S. Senate this week, Vermont independent Bernie Sanders testified to the basics of wealth inequality and described how it distorts the U.S. political process. His speech contains vital statistics for your reference.

Posted on Mar 28, 2014 READ MORE



Truthdigger of the Week: Rep. Alan Grayson (Video)

If the Democratic Party has a future in America, it lies with firebrands of populism like Alan Grayson.

Posted on Mar 22, 2014 READ MORE



Beyond Neoliberal Miseducation

Workers, students, youths and the poor are all considered expendable in this neoliberal global economy. Yet the one institution that offers opportunities to challenge anti-democratic tendencies is under attack in unparalleled ways.

Posted on Mar 21, 2014 READ MORE


Neoliberalism, Youth and Social Justice

In a special interview, Truthout contributor Henry Giroux takes us back to the basics of what can be seen as an ongoing and accelerating war between the rich and everyone else, an event that has resulted in a mass inability “to translate private troubles into larger structural public considerations.”

Posted on Mar 14, 2014 READ MORE



(AP/Dmitry Lovetsky)

Russia Can’t Take the West Seriously Anymore, but Why Should It?

Let’s face it, the West has been sold to the highest bidder and Putin has no reason to fear us.

Posted on Mar 5, 2014 READ MORE



Suffering? Well, You Deserve It

An Oxford scholar warns that our outmoded economic model is a “warrant for inflicting pain” first on the poor and minorities and eventually on most of society.

Posted on Mar 2, 2014 READ MORE



Can the Internet Democratize Capitalism?

Democracy requires a great deal more than “leveling.” It requires political institutions that enable the economically weak to have a decisive say on policy against the interests of the rich and powerful.

Posted on Feb 22, 2014 READ MORE



‘We Do Not Drink It. My Pets Do Not Drink It’

More than a month after a chemical spill poisoned West Virginians’ drinking water, officials still know virtually nothing about the toxicity of the contaminant MCHM or its effect on humans.

Posted on Feb 16, 2014 READ MORE



Foreclosure Filings Jump as Investors Eye Exits

It’s too bad Keynes isn’t around today to see how the toxic combo of financial engineering, central bank liquidity and fraud have transformed the world’s biggest economy into a hobbled, crisis-prone invalid that’s unable to grow without giant doses of zero-rate heroin and mega-leverage crack cocaine.

Posted on Feb 15, 2014 READ MORE



The True Actor

Jacinto Lucas Pires’ award-winning novel, “The True Actor,” is the perfect illustration of writer Pedro Mexia’s statement: “Portugal is traveling through a black tunnel where the light at the end is merely a train about to crash into it.”

Posted on Feb 14, 2014 READ MORE



The Credit Card Gravy Train Is Running You Down

The credit card business is now the banking industry’s biggest cash cow, and it’s largely due to lucrative hidden fees.

Posted on Feb 14, 2014 READ MORE


Minimum Wage

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Posted on Feb 13, 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



The Sochi Project

This remarkable photo book explores the impoverished people and conflict-ridden region surrounding Sochi, home of the 2014 Olympic Winter Games. It’s not what Putin wants the world to see.

Posted on Jan 31, 2014 READ MORE



N Is for Neo-Serfdom, O for Offshore Banking

Neoliberalism: The philosophy that public ownership and regulation is inherently less efficient than management by financial operators.

Posted on Jan 25, 2014 READ MORE


Russell Brand: ‘Socialism Is Christianity Politicized’

Comedian-actor-writer Russell Brand took on a range of topics including spirituality, materialism, politics and revolution during an interview at Cambridge University’s student union in England last week.

Posted on Jan 21, 2014 READ MORE


Debt Is a Weapon for Taking Your Things Away

The treasured University of Missouri, Kansas City economics professor Michael Hudson explains to RT how debt is used “as a means of foreclosing on property and transferring” it “from the debtor to the creditor.”

Posted on Jan 20, 2014 READ MORE



sydney g (CC BY 2.0)

Reclaiming the Radical Imagination

We now live under a form of casino capitalism that revels in deception, kills the radical imagination, depoliticizes the American public and promulgates what might be called disimagination factories and punishing machines.

Posted on Jan 13, 2014 READ MORE


‘Jesus Rebranded: Now With More Capitalism!’

“Capitalism is the reason for the season,” says a new, rebranded Christ, imagined by Pulitzer Prize-winning political cartoonist Mark Fiore just in time to save Christmas from people who think sharing is an American value.

Posted on Dec 27, 2013 READ MORE


Money Medals

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Posted on Dec 23, 2013 READ MORE


War on Christmas

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Posted on Dec 20, 2013 READ MORE



DonkeyHotey (CC BY 2.0)

Reformer or Hypocrite? Understanding Pope Francis

It turns out that the pope’s critique of capitalism is actually nothing new.

Posted on Dec 12, 2013 READ MORE



Catholic Church (England and Wales) (CC BY-NC-SA 2.0)

Time Magazine’s Person of the Year: The People’s Pope

According to the managing editor of Time magazine, Pope Francis was chosen to grace the cover of its 2013 Person of the Year issue because he “changed the tone and the perception and the focus of one of the world’s largest institutions in an extraordinary way.” But perhaps his most significant contribution this year has been his condemnation of greed and materialism.

Posted on Dec 11, 2013 READ MORE



Abode of Chaos (CC BY 2.0)

Money’s Triumph Over Art

Like the natural environment, the long decay of the established art world is picking up pace as the super rich shamelessly spend $60 million, $100 million, $140 million on works declared desirable by critics operating more as pimps for the wealthy than loving and enthusiastic guides, critic Jed Perl writes at The New Republic.

Posted on Dec 6, 2013 READ MORE


The Hook

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Posted on Dec 3, 2013 READ MORE


Wall Street Santa

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Posted on Dec 3, 2013 READ MORE


Holiday Shopping

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Posted on Dec 2, 2013 READ MORE


The Monkey Wrench Pope

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Posted on Dec 2, 2013 READ MORE


Oh Christmas Tree

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Posted on Nov 30, 2013 READ MORE


American Oligarchs Will Never Cancel the Debts Owed to Them

University of Missouri economist Michael Hudson explains one of the best-kept and most pernicious secrets of contemporary capitalism: Unless the financial scheme underpinning society is restructured, the bulk of debts owed by working and poor Americans can’t and won’t be repaid.

Posted on Nov 30, 2013 READ MORE


The Radical

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Posted on Nov 30, 2013 READ MORE


Black and Blue Friday

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Posted on Nov 29, 2013 READ MORE


Quashing the Arts

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Posted on Nov 29, 2013 READ MORE



Pink Sherbert Photography (CC BY 2.0)

The Insider’s Economic Dictionary: I Is for Ideology

Ideology: A set of assumptions so appealing that one looks at their abstract logic rather than how the world actually works. (See Insanity.)

Posted on Nov 29, 2013 READ MORE


Tap Tap

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Posted on Nov 27, 2013 READ MORE


Thanksgiving Table

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Posted on Nov 26, 2013 READ MORE


Pope Against Tyranny of Markets

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Posted on Nov 26, 2013 READ MORE



Catholic Church (England and Wales) (CC BY-NC-SA 2.0)

Pope Francis: Unfettered Capitalism Is a ‘New Tyranny’

Though he may not come down strongly on discrimination against the LGBT community or women, if there’s one thing this latest pope knows how to condemn it’s greed. In the pontiff’s first major publication, he tells the 1 percent to spread the wealth, for God’s sakes.

Posted on Nov 26, 2013 READ MORE


War on Thanksgiving

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Posted on Nov 20, 2013 READ MORE


Too Soon

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Posted on Nov 17, 2013 READ MORE


Black Friday

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Posted on Nov 14, 2013 READ MORE


Wal-Mart

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Posted on Nov 13, 2013 READ MORE


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