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November 28, 2014
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Tag: Oligarchy


Study: The .01% Is the New 1%

Comparisons between post-2008 America and the economic quagmire of the 1930s have been circulating for years, but a new study out of the London School of Economics sets the country back even further—and moves the decimal point back a couple of spaces on the 1 percent to highlight an even smaller and richer demographic.

Posted on Nov 11, 2014 READ MORE



The New Cold War’s Ukraine Gambit

With the IMF and European Central Bank acting as knee-breakers in what has become a financial extension of NATO, the U.S. and its allied investors aim to appropriate the wealth that kleptocrats took from the public domain of Russia, Ukraine and other post-Soviet economies, as well as whatever assets remain.

Posted on Oct 23, 2014 READ MORE



Study: American Democracy ‘Seriously Threatened’

A pair of researchers have a handy tip for those Americans still attached to the notion that we live in a representative democracy: Get ready to kiss that notion goodbye.

Posted on Aug 27, 2014 READ MORE


U.S. Control

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Posted on Apr 27, 2014 READ MORE



Illustration by Donkey Hotey (CC-BY)

Who Are the Koch Brothers and What Do They Want?

Given the reality that the Koch brothers are now the most important and powerful players in American politics, it is important to know what they want and what their agenda is.

Posted on Apr 18, 2014 READ MORE



Phil Roeder (CC BY 2.0)

New Study Finds the U.S. Is Not a Democracy, So What Is It?

Let me offer a hint: The ruling class is far wealthier than the rest in this political system.

Posted on Apr 17, 2014 READ MORE



Nancy Pelosi (CC BY 2.0)

Friday’s Jobs Report and the Supreme Court’s McCutcheon Debacle

What does the Supreme Court’s McCutcheon decision this week have to do with Friday’s jobs report, showing 192,000 new jobs for March?

Posted on Apr 5, 2014 READ MORE



Signe Wilkinson

McCutcheon and the Vicious Cycle of Concentrated Wealth and Political Power

If wealth and income weren’t already so concentrated in the hands of a few, the shameful McCutcheon decision by the five Republican appointees to the Supreme Court wouldn’t be as dangerous.

Posted on Apr 5, 2014 READ MORE



Illustration by Donkey Hotey (CC-BY)

How Sheldon Adelson and the American Oligarchs Are Ruining Democracy

Ironically, at the same time as I was holding town meetings in Vermont, a handful of prospective 2016 Republican presidential candidates (Jeb Bush, John Kasich, Chris Christie and Scott Walker) trekked to Las Vegas to audition for the support of Sheldon Adelson, the multibillionaire casino tycoon who spent at least $93 million underwriting conservative candidates in the last election cycle.

Posted on Apr 1, 2014 READ MORE


Nomi Prins on American Oligarchy

In this excerpt from the March 13, 2014 edition of Truthdig Radio, author and Truthdig contributor Nomi Prins says just a few families hold most of the power in the United States.

Posted on Mar 13, 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


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



Shutterstock

Our Invisible Revolution

The old ideas that justified global capitalism and the oligarchic elites are being discredited. At some point the battle occurring below the surface will explode.

Posted on Oct 28, 2013 READ MORE



AP/Manuel Balce Ceneta

Let’s Get This Class War Started

If we had paid attention to history we might understand the imperative of battling the rich.

Posted on Oct 20, 2013 READ MORE


Occupy Ark

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Posted on Dec 21, 2012 READ MORE    



Illustration by Mr. Fish

Katrina, All Over Again

Hurricane Sandy, if you are poor, is the Katrina of the North. It has illustrated the depraved mentality of an oligarchic and corporate elite that, as conditions worsen, retreats into self-contained gated communities, guts basic services and abandons the wider population.

Posted on Dec 2, 2012 READ MORE



garlandcannon (CC BY 2.0)

Feast of Fools

The campaigns don’t favor the voters with the gratitude and respect owed to their standing as valuable citizens participating in making such a thing as a common good. They stay on message with their parsing of democracy as the ancient Greek name for the American Express card.

Posted on Sep 20, 2012 READ MORE


Chris Hedges on Oligarchy and the Global Collapse

“It’s all the same crisis,” says the Truthdig columnist, “which is the collapse of globalization. It doesn’t work anymore.”

Posted on Apr 30, 2012 READ MORE



AP / Pablo Martinez Monsivais

Without a Debt Deal, Obama Can Make the Rich Pay

If the deficit remains unfunded, the president should withhold money from the enforcement and the support of laws that enrich the rich. This would lead to higher wages for workers and lower prices for consumers, and it would help shield them from the cuts he wants to make in income security programs.

Posted on Jul 29, 2011 READ MORE



Flickr / PeterJBellis

An Investment Manager Dishes on the Richest

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)

Posted on Jul 20, 2011 READ MORE



Larry’s List: God Hates Lady Gaga Edition

The “God Hates Fags” people have a new villain: Lady Gaga. On today’s list, hear their song, find out how the rich cope with meltdown, and explore whether a Siamese twin would be libel for a murder committed by his conjoined brother.

Posted on Jan 7, 2010 READ MORE


g20
EPA / Win McNamee

G-20 Muscles G-7 Aside

It looks like the G-20 is set to permanently replace the G-7 as the world’s dominant economic forum, an indirect admission that there was something unfair about the world’s seven wealthiest countries deciding economic policy for the entire globe.

Posted on Sep 25, 2009 READ MORE



AP photo / Susan Walsh

Resist or Become Serfs

If we do not immediately halt our elite’s rapacious looting of the public treasury we will be left with trillions in debts, which can never be repaid, and widespread human misery which we will be helpless to ameliorate. The stimulus and bailout plans are not about saving us. They are about saving them.

Posted on Apr 6, 2009 READ MORE


putin
martinfrost.ws

Russia Clears Way for Putin

If you thought U.S. democracy was a sham, consider a constitutional amendment passed by the Russian parliament Wednesday that lengthens the country’s presidential term from four years to six, paving the way for a certain Vladimir Putin to come back to power as president as early as next year.

Posted on Nov 14, 2008 READ MORE



AP photo / Henny Ray Abrams

The Idiots Who Rule America

Our oligarchic class is incompetent at governing, managing the economy, coping with natural disasters, educating our young, handling foreign affairs, providing basic services like health care and safeguarding individual rights. They have no concept, thanks to the educations they have received, of the common good.

Posted on Oct 20, 2008 READ MORE


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