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By Jabari Asim
$5.89
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By Gore Vidal
$17.00
$22
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walknboston (CC BY 2.0)
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By Michael Hudson, ISLET —
Rather than mobilizing savings to fund new industries, the banking system that comprises the financial, insurance and real estate sectors merely loads the economy down with debt.
Posted on Jan 11, 2013
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Nicholas_T (CC BY 2.0)
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When a plan to construct the first modern privatized highway in the United States did little to ease congestion, blocked residents from making further improvements and cost taxpayers hundreds of millions of dollars, Californians had the opportunity to learn a lesson about the folly of privatizing transportation projects.
Posted on Jan 5, 2013
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mikecogh (CC BY-SA 2.0)
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Born of the last decade of aggression against theocratic regimes many thousands of miles away, the American infidel “is a rebel for laissez-faire capitalism, an anarchist for the law, an enforcer of the established order,” writes Harper’s Magazine columnist Thomas Frank.
Posted on Jan 2, 2013
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Illustration by Mr. Fish
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By Chris Hedges — The multifaceted Ishmael Reed has spent half a century destroying myths of the American empire, especially those that cement racism in place.
Posted on Dec 30, 2012
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Danielle Walquist Lynch (CC BY 2.0)
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By Ellen Brown, Web of Debt —
Will a publicly owned bank help Scotland avoid unnecessary debt and take control of its economic destiny as North Dakotans did in the U.S.?
Posted on Dec 7, 2012
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broo_am (CC BY-ND 2.0)
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By Henry A. Giroux, Truthout —
Hurricane Sandy not only failed to arouse a heightened sense of moral outrage and call for justice, it has quickly been woven into a narrative that denied those larger economic and political forces, mechanisms and technologies by which certain populations are rendered human waste.
Posted on Dec 5, 2012
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Mickey van der Stap (CC BY 2.0)
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By Angelo Letizia, Figure/Ground Communication —
“Public institutions are being attacked because they are public, offer spaces for producing critical thought, emphasize human needs over economic needs, and because they are one of the few vital institutions left that can function as democratic public spheres,” the critic and Truthout contributor said in a recent interview.
Posted on Dec 2, 2012
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vicmontol (CC BY 2.0)
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One country refused to bail out its derelict banks and slash social spending amid the financial crisis. And guess what? Unlike the eurozone and the United States, it’s making a sturdy comeback.
Posted on Dec 1, 2012
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Did you stay home for what has become an American commercial tradition? Armed with cellphone cameras, a few fascinated spectators caught riots and stampedes on Black Friday at shopping centers across the country.
Posted on Nov 24, 2012
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Ondrej Kloucek (CC BY-SA 2.0)
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Recession has returned to the eurozone for the second time since the financial crisis began in 2008. The region’s GDP fell by 0.1 percent in 2012’s third quarter, which followed a 0.2 percent contraction in the previous three months.
Posted on Nov 15, 2012
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Millions of Europeans are protesting spending cuts and tax increases during a continent-wide general strike that comes days after a 53-year-old woman in Spain committed suicide as she was about to be evicted.
Posted on Nov 14, 2012
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Mike Licht, NotionsCapital.com (CC BY 2.0)
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By Brian Czech, The Daily Climate —
Harms resulting from society’s quest for ever-expanding economic growth are clear, no more so than with the global climate. Why aren’t environmental journalists making that connection?
Posted on Oct 31, 2012
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U.S. Navy/Chief Mass Communication Specialist Keith Deviney
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By Robert Scheer — Obama, the naive community organizer, thinks the foreign policy debate is about national security, but Romney, the quintessential vulture capitalist, knows that it’s always been about maximizing profit.
Posted on Oct 26, 2012
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lilyrhoads (CC BY 2.0)
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By Henry A. Giroux, Truthout —
The democratic mission of public education is under assault by a conservative right-wing reform culture in which students are viewed as human capital in schools that are to be administered by market-driven forces.
Posted on Oct 17, 2012
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salady (CC BY 2.0)
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By Alexander Reed Kelly — A bold experiment is under way in the world’s fifth-largest economy: French President Francois Hollande has announced his intent to tax the rich. What happens next could deliver a blow to one of global capitalism’s most persistent myths.
Posted on Oct 2, 2012
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Social scientist and late night talk show host Jimmy Kimmel recently conducted a classic experiment, asking unsuspecting pedestrians to comment on the new iPhone 5, which was actually an old iPhone 4S.
Posted on Sep 18, 2012
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Illustration by Mr. Fish
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By Chris Hedges — The ceaseless expansion of economic exploitation, the engine of global capitalism, has come to an end. Let’s not revive it.
Posted on Sep 10, 2012
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Abhisit Vejjajiva (CC BY 2.0)
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Joseph Stiglitz, “one of the few members of the economics profession committed to scientific empiricism, not ideology or servitude to the rich,” as one reader put it, writes that the habit of tax avoidance typical of Mitt Romney’s class makes it difficult to publicly fund things like education, technology, and infrastructure, upon which modern economies depend to flourish.
Posted on Sep 4, 2012
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Andrew Morrell Photography (CC BY-ND 2.0)
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By Henry A. Giroux, Truthout —
To understand the shared concerns of youthful protesters worldwide and the global nature of the forces they are fighting, it is crucial to situate diverse student protests within a broader analysis of global capital and the changing nature of its assaults on young people.
Posted on Aug 28, 2012
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Howdy, I'm H. Michael Karshis (CC BY 2.0)
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Think tanks such as the Cato Institute and the Tax Foundation like to cherry-pick tax data to claim that the rich pay more than their fair share. But a broad look at taxation shows it’s not true, a writer at The Economist says.
Posted on Aug 23, 2012
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DonkeyHotey (CC BY 2.0)
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The eurozone is headed for another recession as its economic output shrinks again in 2012’s third quarter, economists say.
Posted on Aug 23, 2012
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Angel Boligan, Cagle Cartoons, El Universal, Mexico City —
Posted on Aug 15, 2012
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Financial Times Photos (Grace Villamil) (CC BY 2.0)
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Reporters Yasha Levine and Mark Ames have created a new website devoted to profiling people who “abuse media ethics” to shill for corporate interests. Truthdig linked to the duo’s takedown of Malcolm Gladwell a few weeks ago. Now, they’ve set their sights on Adam Davidson, host of the NPR show “Planet Money” and a columnist for The New York Times Magazine.
Posted on Aug 9, 2012
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Philip Taylor PT (CC BY-SA 2.0)
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Record low interest rates on mortgages and refinancing deals are reducing costs to homeowners. But banks are making unusually high profits by selling bundles of those loans to investors at similarly low rates, which means borrowers could be saving even more.
Posted on Aug 9, 2012
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DanBackman (CC BY 2.0)
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Internal inquiries have revealed that cardiologists at several hospitals operated by HCA, the United States’ largest for-profit hospital chain, performed unnecessary and potentially dangerous heart procedures, and made misleading statements in medical reports to make it appear the measures were needed.
Posted on Aug 7, 2012
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activefree (CC BY 2.0)
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Goldman Sachs has announced its intention to invest $9.6 million in a prisoner rehabilitation program at New York City’s notorious Rikers Island jail in a move that could net the company a $2.1 million return.
Posted on Aug 4, 2012
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Angel Boligan, Cagle Cartoons, El Universal, Mexico City —
Posted on Jul 31, 2012
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kullez (CC BY 2.0)
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Traditional investigations by regulators of all the suspect hanky-panky in the banking industry have produced nothing in the way of fundamental reform and protected the worst repeat offenders. So why not bribe big bankers to turn one another in?
Posted on Jul 21, 2012
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breahn (CC BY 2.0)
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The recent economic recession and housing crisis may have encouraged an increase in the rate of physical abuse and brain injury to American children, researchers in Philadelphia report.
Posted on Jul 17, 2012
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owenwbrown (CC BY 2.0)
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Companies in pursuit of “likes” on Facebook are discouraged to hear that many of those clicks are coming from fake profiles set up to spread spam.
Posted on Jul 13, 2012
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Is the United States on a course toward crony capitalism? Italian-American economist Luigi Zingales and NPR examine similarities between the politics and economics of Italy under Silvio Berlusconi and of the U.S.
Posted on Jul 11, 2012
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aldenchadwick (CC BY 2.0)
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In order to profit from high exchange rates on the international market, British pharmacists and wholesalers have limited the amount of certain drugs being sold to the National Health Service. The action has resulted in a shortage that has endangered patients with life-threatening conditions and inconvenienced many others.
Posted on Jun 23, 2012
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Thomas Frank, one of the country’s leading elegists of American representative democracy and a columnist for Harper’s Magazine, has spent his career chronicling the nation’s descent into plutocracy. This week he sang against the forces of free-market dominion on Bill Moyers’ television show.
Posted on Jun 19, 2012
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By Bob Englehart, The Hartford Courant —
Posted on May 27, 2012
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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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Bank of America Lied to Homeowners and Rewarded Foreclosures, Ex-Employees Say
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