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December 3, 2016 Disclaimer: Please read.
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Tag: Capitalism


Waiting for the Barbarians

The collapse of our democratic institutions, the pillaging of the economy by the elites and the surrender of our most basic constitutional rights will be enshrined permanently into law by a crisis.

Posted on Nov 27, 2016 READ MORE


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The Hatred That Donald Trump’s Lies Will Leave Behind

Whether Trump wins or loses, he will leave behind a toxic legacy of increased racial and religious hatred, which he has deliberately stirred up in order to take the focus off his policies—policies that would hurt workers and would throw even more money at the super-wealthy.

Posted on Nov 7, 2016 READ MORE



American Irrationalism

We are captive to images and forms of propaganda that make us the most self-deluded population on the planet. We are driven by manipulated emotions, not fact or reason. And this is why, even now, Donald Trump could become president. 

Posted on Oct 30, 2016 READ MORE



The United States’ War on Youth: From Schools to Debtors’ Prisons

The U.S. views children not as social investments but as suspects as the country models its schools after prisons and subjects its young to a criminal legal system marked by severe class and racial inequities.

Posted on Oct 21, 2016 READ MORE



The Nobel Prize in Economics Is a Force for Market Fundamentalism

The honor dignifies those who advocate surrendering the public’s power to ensure the common welfare and legitimizes the destruction such policies create, writes Avner Offer, economic historian at Oxford and co-author of a new book on the award.

Posted on Oct 10, 2016 READ MORE



Thinking Dangerously in the Age of Normalized Ignorance

What happens when the spheres of morality and spirituality give way to a savage market rationality?

Posted on Oct 6, 2016 READ MORE


Richard Pryor 40 Years Ago: ‘Promoting Racism Is Part of Capitalism’

In a television interview with journalist Bill Boggs, the late, great comedian explains why America wants to keep people separated and perpetuate racial prejudice.

Posted on Oct 3, 2016 WATCH & LISTEN



Celebrating the 1 Percent: Is Inequality Really Good for the Economy?

In his new book, “The Great Escape: Health, Wealth, and the Origins of Inequality,” Scottish economist Angus Deaton practices public relations for the rich.

Posted on Sep 30, 2016 READ MORE



Rapid Burnout, Dissatisfaction of U.S. Doctors Threatens Public Health Crisis

Half of U.S. physicians are “disengaged, burned out, and demoralized and plan to either retire, cut back on work hours, or seek non-clinical roles,” according to a new survey.

Posted on Sep 29, 2016 READ MORE



Police Killings Won’t Stop

The corporate state, which has destroyed traditional forms of social control such as stable employment and cohesive communities, has no intention of curbing police violence. Militarized police who can kill with impunity are all that lies between the corporate state and revolt.

Posted on Sep 25, 2016 READ MORE


Robert Scheer and Journalist David Cay Johnston Discuss the Duplicity of Trump

Donald Trump’s success is not an accident. It’s the result of a corrupt capitalist system. The author of “The Making of Donald Trump” explains in a conversation with the Truthdig editor in chief.

Posted on Sep 23, 2016 WATCH & LISTEN



Cowboys vs. Indians Redux Over the Dakota Access Pipeline

That classic American narrative is back big time, only the Indians are now the good guys and the cowboys are on a warpath, trying to grab 640 million acres of public lands that they can plunder as if it were yesteryear.

Posted on Sep 23, 2016 READ MORE


Think Incomes Are Rising? Not So Fast, Says Economist Richard Wolff

Despite a recent upbeat report on wages from the U.S. Census Bureau, the fact is that incomes are in real decline—and no mechanisms have been put in place to prevent another crash, Wolff says.

Posted on Sep 19, 2016 WATCH & LISTEN



The Selling of Subordination: How the Female Body Is Reduced to Products

Welcome to the marketplace built on women’s oppression, disposability, desperation and despair.

Posted on Sep 15, 2016 READ MORE



Comments of the Week: Taking Aim at Goliath

Many articles posted on Truthdig point out the myriad pressing issues needing the public’s attention at any given moment, and we frequently hear feedback to the tune of “Right, so now what?”

Posted on Sep 14, 2016 READ MORE



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


Chris Hedges’ ‘On Contact’: The Cost of Austerity, With Economist Mark Blyth

On this week’s episode of “On Contact,” Truthdig columnist Hedges sits down with Brown University economist Blyth (pictured here) to discuss the detrimental impacts of austerity programs after the 2008 financial crisis.

Posted on Sep 12, 2016 WATCH & LISTEN



Hawaiian Seafood Is Caught by Undocumented Workers Confined to Ships Like Slaves

An investigation found that hundreds are employed catching fish off the coasts of Hawaii and California on boats they can’t leave.

Posted on Sep 8, 2016 READ MORE



Wages Took a Rare Decline in First Quarter

January through March, the average weekly wage in the U.S. fell 0.5 percent from last year—just the seventh such annual decline dating back to 1978, according to the U.S. Labor Department.

Posted on Sep 8, 2016 READ MORE



The Intellectuals We Abandon

The late political philosopher Sheldon Wolin explicated the mechanisms of control and manipulation used by the powerful. But those who most need to read his work have been left in darkness by an academy that has turned its back on the oppressed and caters to the elites. (Pictured, Wolin and James Baldwin, right.) 

Posted on Sep 4, 2016 READ MORE



The Euro

The timing couldn’t be better for this new book, which recounts the tragic irony of how the euro, which was supposed to bring Europe together, is in fact driving it apart.

Posted on Aug 27, 2016 READ MORE


Venturing Into ‘the Capitalist Labyrinth’  (Video)

In this week’s edition of “On Contact,” Truthdig columnist Chris Hedges and author Rob Urie explore how our economic system is responsible for nuclear weaponry, climate change and imperialism.

Posted on Aug 23, 2016 WATCH & LISTEN



Mexico’s Zapatista Movement May Offer Solutions to Neoliberal Threats to Global Food Security

The indigenous group has built an autonomous, locally based food system that escapes corporate programs and practices that are fostering unprecedented poverty, hunger and suffering.

Posted on Aug 21, 2016 READ MORE



Republicans Are Responsible for Poor Economic Recovery, Study Says

The Economic Policy Institute blames the weak comeback from the 2008 recession on GOP policies at local, state and federal levels.

Posted on Aug 12, 2016 READ MORE



The Average U.S. Black Family Would Need 228 Years to Match Average White Family’s Wealth

And without significant interventions in the policy that governs the economy, the gap will persist.

Posted on Aug 10, 2016 READ MORE



Pope Francis: Capitalism Is ‘Terrorism Against All of Humanity’

The pontiff argues that the modern economy’s worship of the “god of money” leads to disenfranchisement and extremism.

Posted on Aug 2, 2016 READ MORE



Oliver Stone Warns Against Surveillance Capitalism and ‘Pokémon Go’

The “Snowden” filmmaker believes technology will lead to totalitarianism, and his points about domestic spying and data mining should not be dismissed.

Posted on Jul 27, 2016 READ MORE



Bernie Sanders’ Endgame Is an Opportunity for the Radical Left

The fundamental premise of Sanders’ campaign—that his “political revolution” can be accomplished within the confines of capitalism—is incorrect. That will soon be clear.

Posted on Jul 20, 2016 READ MORE



The Millennial Generation Is a Perfect Fit for Socialism

Capitalism has only itself to blame, forcing millennials to look for an alternative.

Posted on Jul 5, 2016 READ MORE


Debt Deflation—the Economic Concept That Proves Market Optimists Wrong

Western economies are shrinking as people are compelled to spend more and more of their income on credit card, mortgage and college debt, leaving less and less for goods and services, says financial economist Michael Hudson.

Posted on Jun 30, 2016 WATCH & LISTEN


Neoliberalism Will Soon Force Americans to Leave the United States

U.S. economic policy will eventually pressure U.S. citizens to emigrate just as it caused millions to leave Russia, the Baltic States and now Greece in search of a better life, economist Michael Hudson tells The Real News Network.

Posted on Jun 18, 2016 WATCH & LISTEN


Capitalism Will Collapse Because Elites ‘Allow Poor to Rot,’ Tariq Ali Tells Chris Hedges (Video)

By Chris Hedges

“The elites who have run the United States and Western Europe have proven incapable of offering even the smallest palliatives to their populations,” says the British radical intellectual, in an interview with Truthdig’s Chris Hedges. “And so what we have is a protest against this center elite.”

Posted on Jun 14, 2016 WATCH & LISTEN



Uber and Deregulated Hypercapitalism Increasingly Leave Americans Unprotected

Another example, courtesy of the gig economy.

Posted on Jun 7, 2016 READ MORE



Charles Koch’s Disturbing High School Economics Project Teaches ‘Sacrificing Lives for Profits’

“Corporations routinely sacrifice the lives of some of their customers to increase profits, and we are all better off because they do,” according to a textbook that the billionaire industrialist is spending millions to push on public schools.

Posted on Jun 2, 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


Chris Hedges on the Legacy of Rosa Luxemburg (Video)

At Left Forum 2016, Truthdig contributor Chris Hedges explained how the early 20th-century revolutionary socialist’s philosophies are relevant to today’s struggle against capitalism.

Posted on May 28, 2016 WATCH & LISTEN



Big Pharma Sells Risky Meds We Don’t Need for Disorders It Made Up That We Don’t Have

Medical societies and paid drug industry researchers have loaded society up with new definitions of alleged ill health from which drug companies can profit when millions of otherwise well people are labeled as ailing.

Posted on May 27, 2016 READ MORE



Big Pharma Is Pushing Prescription Drug Prices Up, Up, Up

Wall Street’s drive for profits is diminishing the benefits to society of new life-enhancing medications for which companies can charge patients hundreds of thousands of dollars per year.

Posted on May 25, 2016 READ MORE



Reform or Revolution

Rosa Luxemburg warned the left about becoming seduced by liberals who speak the language of reform but serve the interests of capitalism. And she understood that holding fast to revolutionary ideals was, especially in a moment of crisis, a moral imperative.

Posted on May 22, 2016 READ MORE



Probiotic Goods Are a ‘Waste of Money’ for Healthy Adults, Research Suggests

In a review of existing studies, Danish scientists found no evidence that probiotics, which have a significant market in the U.S., change the composition of bacteria in the guts of healthy people.

Posted on May 19, 2016 READ MORE



State Lawmakers Attack Efforts to Make Local Economies More Inclusive

Across the country, state legislatures are working to make municipal attempts to leverage public spending for local job creation illegal.

Posted on May 19, 2016 READ MORE



The Top 25 Hedge Fund Managers Earned $13 Billion in 2015

As many companies lost billions or closed, Kenneth Griffin and James Simons made $1.7 billion each—more than some nations.

Posted on May 11, 2016 READ MORE



Capitalism: A Bad Fit for People in the Technological Revolution

What will happen when technology replaces people in the service, manufacturing and professional industries of an already struggling economy? Media scholar Robert McChesney and journalist John Nichols delve into the topic in their new book.

Posted on May 9, 2016 READ MORE



The Third Way: Share-the-Gains Capitalism

If I were a betting man, I’d bet on a model of capitalism that’s neither no-lose socialism for the rich nor cruel hypercapitalism for the rest, but share-the-gains capitalism for everyone.

Posted on May 3, 2016 READ MORE



What’s Yours Is Mine

The Sharing Economy, epitomized by companies such as Uber and Airbnb, “is a movement for deregulation,” Tom Slee writes. “It’s not about building an alternative to a corporate-driven market economy; it’s about extending the deregulated free market into new areas of our lives.”

Posted on May 2, 2016 READ MORE



Survey: A Majority of American Millennials Now Reject Capitalism

Just 42 percent of Americans between ages 18 and 29 support the economic system with which the United States itself is often equated, Harvard researchers found.

Posted on Apr 27, 2016 READ MORE



Neoliberalism Is Destroying Our Lives and Many of Us Don’t Even Know What It Is

“It’s as if the people of the Soviet Union had never heard of communism,” observes British writer George Monbiot.

Posted on Apr 27, 2016 READ MORE


WATCH: In Vatican City, Bernie Sanders Speaks Out on Economic Injustice

Pope Francis “has given the most powerful name to the predicament of modern society,” Sanders said Friday at a Pontifical Academy of Social Sciences conference: “the globalization of indifference.”

Posted on Apr 16, 2016 WATCH & LISTEN



Empire of Things

“Instead of warriors or workers, we are more than ever before consumers,” a new book declares. “In the rich world—and in the developing world increasingly, too—identities, politics, the economy and the environment are crucially shaped by what and how we consume.”

Posted on Apr 8, 2016 READ MORE



America’s New Working Class Demands Respect

As a general laborer for Coca-Cola put it, “We’re making them billions of dollars. Why are we being treated like something you step on in the grass?”

Posted on Apr 7, 2016 READ MORE


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