How Markets Make Fools of Us

Staff / Truthdig Oct 18, 2015 In their new book “Phishing for Phools: The Economics of Manipulation & Deception,” George Akerloff and Robert Shiller merge psychology with economics to give “a broader account of how and why markets produce economic harm." Dig deeper ( 3 Min. Read )

Big Tech May Be Getting Way Too Big—Here’s Why

Robert Reich / Truthdig Sep 27, 2015 In this new Gilded Age, Big Tech—along with Big Pharma, giant health insurance companies, Big Agriculture and the largest banks on Wall Street—is dominating our economy and our politics. Dig deeper ( 6 Min. Read )

VIDEO: Noam Chomsky: Markets Aren’t ‘Democratic’— They Radically Restrict Choice in Important Ways

Staff / Truthdig Sep 15, 2015 In this short clip from a History Channel documentary, the renowned linguist and activist explains how markets actually bring out the worst in humans by turning us into people "dedicated to maximizing individual gain, not social concern." Dig deeper ( 1 Min. Read )

United Airlines

Nick Anderson / Truthdig Sep 14, 2015 Dig deeper

Terrorism, Violence, and the Culture of Madness

By Henry A. Giroux, Counterpunch Apr 1, 2015 So-called free market policies, values, and practices with their emphasis on the privatization of public wealth, the elimination of social protections, and the deregulation of economic activity now shape practically every commanding political and economic institution in the United States. Dig deeper ( 16 Min. Read )

How a Businessman Funnels Public Education Funds for Charter Schools Into Private Companies

Staff / Truthdig Oct 15, 2014 Baker Mitchell is a politically connected North Carolina businessman who celebrates the power of the free market. Every year, millions of public education dollars flow through Mitchell’s chain of four nonprofit charter schools to for-profit companies he controls. Dig deeper ( 14 Min. Read )

Eric Cantor and ‘The Certainty of Conservative Sellout’

Alexander Reed Kelly / Truthdig Jun 15, 2014 Salon columnist Thomas Frank explains House Majority Leader Eric Cantor's surprising loss to a tea party primary challenger last week as "part of a long-running and basically unchanging Republican melodrama. …An eternal populist revolt against leaders who never produce and problems that never get solved." Dig deeper ( 3 Min. Read )

Free Elections or Business as Usual: Los Angeles News Group or Los Angeles Chamber of Commerce?

Scott Tucker / Truthdig May 12, 2014 Corporate rule means the rules apply only to workers, but not to corporate CEOs and the ruling class. Unrestricted corporate power is capitalist totalitarianism. Sure, the Los Angeles News Group can do whatever they damn well please, as long as they do nothing that truly displeases big business and the capitalist parties. Dig deeper ( 9 Min. Read )

Pascal’s Wager for the Age of Citizens United

Alexander Reed Kelly / Truthdig Apr 22, 2014 Former NYC Mayor Michael Bloomberg told The New York Times he was confident he would walk "straight in" to heaven "without stopping to be interviewed," because, as Salon's Tom Frank puts it, "he has put his money on the most glaringly virtuous politics available." Dig deeper ( 2 Min. Read )

Google’s True Colors: Libertarian Through and Through

Natasha Hakimi Zapata / Truthdig Apr 15, 2014 Dig deeper ( 1 Min. Read )

Suffering? Well, You Deserve It

Chris Hedges / Truthdig Mar 3, 2014 An Oxford scholar warns that our outmoded economic model is a "warrant for inflicting pain" first on the poor and minorities and eventually on most of society . Dig deeper ( 10 Min. Read )

Margaret Thatcher, Britain’s ‘Iron Lady,’ Dies

Staff / Truthdig Apr 8, 2013 The conservative Thatcher vastly reshaped Britain with her economic policies, pulling the country back from 35 years of socialism and ushering in a new era of privatization. Dig deeper ( 2 Min. Read )