The Rebirth of Family Capitalism

By Steve Fraser, TomDispatch Sep 12, 2014 This is the indigenous romance of American capitalism: The man from nowhere rises out of obscurity to unimaginable heights through the application of disciplined effort, commercial cunning, and a gambler’s sang froid in the face of the unforgiving riskiness of the marketplace. Conversely, 19th century Gilded Age anti-capitalists knew this dark fairy tale as “the Property Beast.” Dig deeper ( 22 Min. Read )

London Tops Super-Rich City List, Survey Shows

Staff / Truthdig May 12, 2014 London has more billionaires than any other city in the world, and Britain has more billionaires per head of population than any other country, new data showed Saturday. Dig deeper ( 1 Min. Read )

The New Billionaire Political Bosses

Robert Reich / Truthdig Mar 26, 2014 Charles and David Koch should not be blamed for having more wealth than the bottom 40 percent of Americans put together. Dig deeper ( 4 Min. Read )

Next Stop, Pedophilia

Staff / Truthdig Mar 5, 2013 According to Rush Limbaugh, since the left has normalized gay marriage, now it will do the same with pedophilia; the U.K. government has found a way to take British citizenship away from certain people who were then mysteriously killed by drones; meanwhile, a computer programmer in India may make teachers redundant as he shows how children can and should teach themselves. These discoveries and more after the jump. Dig deeper ( 3 Min. Read )

The Billionaires’ Long Game

Robert Reich / Truthdig Dec 13, 2012 I keep hearing that the billionaires and big corporations that poured all that money into the 2012 election learned their lesson. They lost their shirts and won’t do it again. Don’t believe that for an instant. Dig deeper ( 4 Min. Read )

Billionaire Bloomberg Vetoes Living Wage Bill

Staff / Truthdig Apr 26, 2012 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. Dig deeper ( 1 Min. Read )

Right-Wing Center

Mike Luckovich / Truthdig Apr 21, 2012 Dig deeper

40 Billionaires Agree to Give Half of It Away

Staff / Truthdig Aug 5, 2010 With philanthropy buddies Warren Buffet and Bill Gates leading the way, 40 representatives of the uber rich have pledged to give half of their fortunes to good works. George Lucas of "Star Wars" (and ruining "Star Wars") fame and Ted Turner, who gave us CNN before it was terrible and has the mustache to prove it, are among those on the list. Dig deeper ( 1 Min. Read )

China Has Second-Most Billionaires, Behind U.S.

Staff / Truthdig Mar 12, 2010 Well, that didn't take long China now has more billionaires (89 if you include Hong Kong) than any other country except for the US, which, to be fair, has been working overtime to transfer wealth upward Unlike the U, the Chinese government has promised to distribute its bounty to "make our society fairer and more harmonious". Dig deeper ( 1 Min. Read )

Bloomberg Dug Deep Into His Own Pockets to Win Third Term

Staff / Truthdig Nov 28, 2009 This is just the kind of news that doesn't bode well for the state of democracy in America: New York City Mayor Michael Bloomberg shelled out $102 million of his own money in his recent successful (albeit close) run for re-election. That shakes out to about $183 per vote, and the final tally may still rise. Dig deeper ( 1 Min. Read )

Bloomberg’s In for Third Term as NYC Mayor

Staff / Truthdig Nov 4, 2009 He changed the rules, he put down the cash, and now New York City's Mayor Michael Bloomberg has been re-upped for a third term, beating his Democratic competitor, City Comptroller Bill Thompson, by a slim margin on Tuesday. Dig deeper ( 1 Min. Read )

Billionaire Arrested for Alleged Insider Trading

Staff / Truthdig Oct 17, 2009 Billionaire hedge fund founder Raj Rajaratnam was arrested Friday and charged with running the largest hedge fund insider-trading scheme in history. Charged with Rajaratnam, founder of Galleon Group, were executives of several prestigious U.S. companies. Dig deeper ( 1 Min. Read )