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By Greg Myre and Jennifer Griffin
$16.44
By Mike Rose
$23
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Photo by (CC-BY-ND)
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By E.J. Dionne, Jr. — In this election, we’re not having an argument that pits capitalism against socialism. We are trying to decide what kind of capitalism we want.
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jurvetson (CC BY 2.0)
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TED, the sleek pioneering giant of the online video salon, boasts the tagline: “Ideas worth spreading.” But the group declined to post a talk by Seattle-based venture capitalist and Amazon.com investor Nick Hanauer, who said the middle class, not wealthy financiers like himself, were the nation’s real “job creators.”
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RJ Matson, Cagle Cartoons, The St. Louis Post Dispatch —
Posted on Apr 28, 2012
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david_shankbone (CC BY 2.0)
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New York City Mayor Michael Bloomberg wants to live in a better world. That’s why he vetoed a law that would have raised the minimum wage for a measly few hundred or so working New Yorkers to at least $10 an hour.
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dilmarousseff (CC BY-SA 2.0)
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By Pepe Escobar, TomDispatch —
Here’s the multi-trillion dollar question: Does the emergence of Brazil, Russia, India, China and South Africa as economic powers signal that we have truly entered a new multipolar world?
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By E.J. Dionne, Jr. — It turns out that there is at least one question on which Mitt Romney is not a flip-flopper: He has a Utopian view of what an unfettered, lightly taxed market economy can achieve.
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Andy Miah (CC BY-SA 2.0)
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The problem facing humanity today—especially those taking to the streets in protest—is an economic system that encourages and rewards greed, says the Slovenian philosopher and cultural critic. And leaders who tell us to look elsewhere are merely creating distractions.
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flee the cities (CC-BY)
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By Steve Fraser and Joshua B. Freeman, TomDispatch —
Prisoners, whose ranks increasingly consist of those for whom the legitimate economy has found no use, make up a virtual brigade within the reserve army of the unemployed whose ranks have ballooned along with the U.S. incarceration rate.
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EyeTunes (CC-BY)
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Research confirms what the poor have always known about their relationship with the wealthy: They’re more likely to get a scavenged sandwich from a tramp than a nickel from a man in pinstripes. Wealth, at least in America today, reduces compassion and fosters selfishness, studies show.
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david_shankbone (CC-BY)
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By Henry A. Giroux, Truthout —
Everywhere we look, the power of the rich and powerful operates to create a “suicidal state” in which regulations meant to restrict their corrupting power are shredded; shamelessly and without apology, they use their unchecked power to lay off millions of workers while simultaneously cutting the benefits and rights of those on the job in order to dramatically increase corporate profits.
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glennshootspeople (CC-BY)
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By Ken Jacobsen, AlterNet —
Historically, corporations were understood to be responsible to a complex web of constituencies, including employees, communities, society at large, suppliers, and shareholders. But in the era of deregulation, the interests of shareholders began to trump all the others. How can we get corporations to recognize their responsibilities beyond this narrow focus?
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Farm Sanctuary (CC-BY)
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And you thought pink slime was bad: The Obama administration is proposing to fire USDA inspectors and let the poultry industry inspect its own slaughterhouse lines—while simultaneously speeding up the kill line.
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Randall Enos, Cagle Cartoons —
Posted on Apr 3, 2012
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Newtown grafitti (CC-BY)
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When John Carlos raised his fist in a salute at the 1968 Olympic Games, he encouraged untold numbers of people to continue fighting for racial and economic justice. Today, he says, the control corporations exert over professional athletes makes such an act impossible to imagine.
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Glasto_2009 (CC-BY)
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Following Ireland’s recent slide into recession territory, the OECD, a Paris-based economic think tank, reports that the U.K.’s economic doldrums have returned.
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Kim G. Appels (CC-BY)
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By Chip Ward, TomDispatch —
There were plenty of signs we took a wrong turn but we kept on going. Dumb, stubborn, blind: Who knows why we couldn’t stop? Greed maybe—powerful corporations we couldn’t overcome. It won’t matter much to you who is to blame. You’ll be too busy coping in the diminished world we bequeath you.
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DonkeyHotey (CC-BY)
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By Henry A. Giroux, Truthout —
A group of right-wing extremists would have the American public believe it is easier to imagine the end of the world than the end of a market society.
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Kent-Chen (CC-BY)
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A thoughtful, personal essay by photographer Hank Willis Thomas makes the case that the cultures of America’s inner-city black communities, once dignified by the gains of the civil rights movement, have been steadily degraded over the last three decades by corporate capitalism.
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Groundbreaking research in behavioral economics may pose the greatest academic threat ever to free-market theory, suggesting that emotions linked to brain chemistry—not rational self-interest—play a deciding role in how we spend, save and invest.
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Jessierocks (CC-BY)
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By Henry Giroux, Truthout —
Young people the world over demonstrating against economic injustice are met with state-sanctioned violence and insults in the mainstream media, rather than informed dialogue, critical engagement and reformed policies.
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Liberia is considering two proposals that would make consensual same-sex acts punishable with jail time; NATO refuses to get involved in the crisis in Syria; and a Jewish journalist killed by terrorists was baptized posthumously by the Mormon Church. These discoveries and more after the jump.
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By David Sirota — For the last two decades, we’ve heard many myths purporting to explain the loss of American manufacturing jobs.
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emilio labrador (CC-BY)
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By Noam Chomsky, TomDispatch —
Significant anniversaries are sometimes ignored. At the moment, we are failing to commemorate the 50th anniversary of the most destructive and murderous act of aggression of the post-World War II period: the invasion of South Vietnam and later all of Indochina.
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KAM Workshops (CC-BY-SA)
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By David Sirota — Many who are faced with imminent disaster instantly convince themselves that everything is normal and that they don’t have to modify their behavior.
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dominikfoto (CC-BY)
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The name Steve Jobs has been sweet on the lips of techno-capitalist fankids pining for a cultural hero since long before the Apple CEO succumbed to cancer late last year. Since his death, an author and an actor have taken some of the first shots at shaping his legacy. With an eye on the man’s cruelty toward his employees at home and abroad, n+1 reviewer Gary Sernovitz tries to fill in the blanks.
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Macmillan
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“Pity the Billionaire,” the new book by Harper’s Magazine columnist Thomas Frank, surveys the politics of the last three years to determine why the American right survived and thrived after an economic crash caused by a 30-year love affair with the so-called free-market that it procured. Salon speaks to Frank by phone.
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BlaisOne (CC-BY)
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By Barbara Ehrenreich and John Ehrenreich —
Until a few months ago, the 99% was hardly a group capable of articulating “the identity of their interests.” It contained, and still contains, most “ordinary” rich people, along with middle-class professionals, factory workers, truck drivers, and miners, as well as the much poorer people who clean the houses, manicure the fingernails, and maintain the lawns of the affluent.
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Jessierocks (CC-BY)
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For “once again becoming a maker of history” two sleepy decades after political soothsayer Francis Fukuyama declared Western liberalism the end point in the evolution of human society, Time magazine named “The Protester” 2011’s Person of the Year.
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pinguino (CC-BY)
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Comic artist Frank Miller’s recent tirade against the Occupy movement gives us a glimpse into the mind of a man made important by an entertainment culture that pushes death, selfishness, uncritical obedience to authority and simplistic notions of good and evil. Guardian columnist Rick Moody has a word for such fare: cryptofascist. (more)
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A rich banker who appears to have learned none of the lessons of 20th-century economic history. A newscaster who snickers at an impassioned argument. And a reporter dismissed as a young girl who will one day learn better. This exchange between a former Goldman Sachs executive, a BBC correspondent and British journalist Laurie Penny ... (more)
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WELS.net (CC-BY)
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Father Eduardo Samaniego, the Jesuit pastor of Most Holy Trinity Catholic Church in San Jose, Calif., protested foreclosures by Bank of America against those in his flock and beyond by moving $3 million of his parish’s funds to a local credit union. (more)
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Emad Hajjaj, Cagle Cartoons, Jordan —
Posted on Nov 17, 2011
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Slovenian madman and intellectual hero Slavoj Zizek treated protesters encamped at New York City’s Liberty Plaza to a rousing pep talk Sunday in which he confessed his fear that the Occupy Wall Street movement could devolve into a mere opportunity for youthful memory-making. (more)
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edenpictures (CC-BY)
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Salon reporter Justin Elliott sat down with Adbusters co-founder and editor-in-chief Kalle Lasn to talk about the formation of the Occupy Wall Street movement, which began in print with a poster published in Lasn’s “culture-jamming” magazine in mid-July. (more)
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Gottfried Helnwein
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“We are more than a nation in decline; we are a nation moving toward the bittersweet simplisms, policies and values of a new form of authoritarianism,” writes Henry Giroux, in an article adapted from his new book on America’s shift away from democratic values toward a rigid, market-driven uniformity.
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Mr. Fish
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By Mr. Fish — One of the most obvious and deeply unsettling failings of our human character is our inability to accept just how much sway the lizard portions of our brains have over our behavior and just how short we continue to fall when attempting to achieve synchronicity with our highest ideals.
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Flickr / ¡Que comunismo!
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Venezuelan President Hugo Chavez has been busy courting countries from Latin America to Eastern Europe to the Middle East to the Far East to assemble a political and economic bulwark against American imperialism. (more)
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Flickr / epSos.de
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If you’re tuned into your social surroundings, you’re likely to hear people arguing over whether raising taxes on the rich would be a good thing or a bad thing for Americans. With election season on its way, the noise and volume are bound to rise. (more)
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Flickr / jurvetson
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Heat exhaustion, lightheadedness, dehydration and other problems afflicted employees at Amazon’s warehouses around the United States this summer, where a steady supply of low-paid temporary workers keeps the packing and shipping lines fully staffed. (more)
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Flickr / Images_of_Money
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In the discussion over how to solve Europe’s financial crisis, opponents of the euro argue “that it is a monetary straitjacket and that the best reform now would be its breakup.” Not so, says Will Hutton, author, columnist and former editor-in-chief of The Observer. (more)
Posted on Sep 21, 2011
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Flickr / I-5 Design & Manufacture
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Bank of America has confirmed a plan to eliminate 30,000 jobs “over the next few years,” 10,000 fewer than what The Wall Street Journal reported Friday. The layoffs will amount to about 10 percent of the bank’s workforce. Update (more)
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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)
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The “haves” have been subjecting the “have-nots” to lives of miserable, crushing toil since polarized hierarchies appeared behind the walls of the world’s first city some 10,000 years ago. The names, faces and technologies change, but so far, the legacy of exploitation remains. (more)
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Israel’s Zionism turned capitalism is getting out of hand; Postmodernism is dead, leaving many to question what it was in the first place; meanwhile, the Americas are projected to replace the Middle East as the energy capital of the world. These discoveries and more after the jump.
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Flickr / Latente ? www.latente.it
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Economist and New York University professor Nouriel Roubini explains that globalization, reckless lending and borrowing, and the redirection of income and wealth from industries dependent upon human labor and well-being to those composed mainly of capital ... (more)
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Flickr / brizzle born and bred
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Blacks and Latinos suffered disproportionate losses of wealth and social standing, compared to whites, during the George W. Bush economy. But of course, that’s merely a prelude to what unfolded next, and what’s to come. (more)
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Flickr / PeterJBellis
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Rarely do we get to hear criticism of the American oligarchy from within the ranks of its crowning institution: the financial services industry. This anonymous author, who handles investments for the wealthiest 1 percent of Americans, takes us on a brief tour of numbers ... (more)
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