Tag Archives: Monopoly Capitalism

Barbara Ehrenreich & Bill Fletcher Jr. : Reimagining Socialism

Graphic from The Yellow Brick Road.Rising to the Occasion: Reimagining Socialism We see a tremendous opportunity in the bleak fact that millions of Americans have been rendered redundant by the capitalist economy and are free to dedicate their considerable talents … finish reading Barbara Ehrenreich & Bill Fletcher Jr. : Reimagining Socialism

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Exxon Mobil’s Exxcellent Adventure : Biggest Profit in U.S. History

‘The latest quarter’s net income equaled $1,865.69 per second, nearly $400 a second more than the prior mark.’By Aaron Smith / October 30, 2008 NEW YORK — Exxon Mobil Corp. set a quarterly profit record for a U.S. company Thursday, … finish reading Exxon Mobil’s Exxcellent Adventure : Biggest Profit in U.S. History

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Surprise! : Banks to Use Bailout Bucks for Mergers

The Rag Blog reported yesterday, in a story titled Salary Bonuses Constitute 10% of the Bailout that pay and bonus deals for corporate bigwigs account for about ten percent of the government bailout package. Here’s more good news: Big banks … finish reading Surprise! : Banks to Use Bailout Bucks for Mergers

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Remember, the Money Was There All Along

The God That Failed: The 30-Year Lie of the Market CultBy Chris Floyd / October 11, 2008 Perhaps the most striking fact revealed by the global financial crash — or rather, by the reaction to it — is the staggering, … finish reading Remember, the Money Was There All Along

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Juan Cole: Abolish Puritanism in Government Policy

The Great Reagan Pyramid Scheme Comes Crashing DownBy Juan Cole / October 15, 2008 The Republican Party that Nixon invented melded the moneyed classes of the Northeast with the white evangelicals of the South. This odd couple went on to … finish reading Juan Cole: Abolish Puritanism in Government Policy

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What’s Wrong with This Picture?

Forbes publishes list of 400 wealthiest AmericansBy Tom Eley / September 24, 2008 Even as the US careens into its greatest economic calamity since the Great Depression, the financial aristocracy whose parasitism and criminality has brought on the crisis has … finish reading What’s Wrong with This Picture?

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The Logical Conclusion to Deregulating the Markets

Has Deregulation Sired Fascism?By Paul Craig Roberts / September 24, 2008 Remember the good old days when the economic threat was mere recession? The Federal Reserve would encourage the economy with low interest rates until the economy overheated. Prices would … finish reading The Logical Conclusion to Deregulating the Markets

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The Day the Neoconservatives Nationalized AIG

The AIG RescueBy Jon Taplin / September 16, 2008 A few months ago, neoconservatives were screaming bloody murder when Hugo Chavez nationalized the phone company. Today a neoconservative U.S. Government nationalized AIG, the largest insurance company in the world, because … finish reading The Day the Neoconservatives Nationalized AIG

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When Medicine Meets Capitalism – Crony Politics

Peter Pitts (left) and Robert GoldbergThe FDA Guerillas of Wonky DrugWonksby Evelyn Pringle / August 8, 2008 Former Bush Administration officials have formed a pharmaceutical industry guerilla group called the Center for Medicine in the Public Interest, described on its … finish reading When Medicine Meets Capitalism – Crony Politics

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Another Piece of What Iraq Was Really About

Iraq arms sales request worth over nine billion dollars: PentagonAugust 1, 2008 WASHINGTON — The Pentagon said Friday it has notified Congress of proposed military sales to Iraq valued at more than nine billion dollars, including helicopters, tanks and armored … finish reading Another Piece of What Iraq Was Really About

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Assurances Economists Gave Made No Sense

A Work Force Betrayed: Watching Greed Murder the EconomyBy Paul Craig Roberts / July 9, 2008 The collapse of world socialism, the rise of the high speed Internet, a bought-and-paid-for US government, and a million dollar cap on executive pay … finish reading Assurances Economists Gave Made No Sense

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An Interview With Noam Chomsky

Noam Chomsky at WritersMugsIn which he discusses Iran, Irag andother matters of great importBy Wajahat Ali / June 17, 2008 “I’m absolutely deluged with requests right now, but I really would like to do this interview, I just don’t know … finish reading An Interview With Noam Chomsky

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