Category U.S. Economy

Collateral Damage: U.S. Sanctions Aimed at Russia Strike Western European Allies by Diana Johnstone

U.S. politicians view the rest of the world as America’s hinterland, to be exploited, abused and ignored with impunity.

Bruce Gagnon, Global Network Against Weapons and Nuclear Power in Space, Peacestock 2017

An eye-opening object lesson in U.S. military strength around the world with a special in depth report on Ukraine. 

Who Rules America? A Breakdown Of Wealth In The U.S. House And Senate

As you can see, those whom the American people have elected into office are often among the “upper crust” of society.

Frieda Berrigan | Why Tax Resistance Under Trump Needs Its Antiwar Edge

Tax resistance — in all its forms — does matter.

Jason Ditz | Congress Wants Another $1 Trillion To ‘Reboot’ The Military

This trillion dollars easily breaks the budget on already prohibitively high military spending, and it’s just one of many schemes likely to be adopted.

Juan Cole | World More Violent in Past Year, but Middle East Drives Deterioration (Video)

If the GPI is right about what produces peace, you’d have to conclude that the US is heading toward increased violence.

Sarah Van Gelder | Amid Election Chaos, Communities Show Where the Real Power Is

van Gelder: In every community I visited, I found people working hard to lay a different foundation for our society.

A conversation with Noam Chomsky on organizing for a next system

An initial signatory to the Next System statement, Chomsky explores the connections between culture, mass movements, and economic experiments—which in “mutually reinforcing” interaction, may build toward a next system more quickly than you may think.

VIDEO | Mark Fiore: Hiding, Secret and Shell

Most of these people with offshore accounts are just trying to avoid paying taxes, but many of them are corrupt politicians and other criminals.

VIDEOS: Chris Hedges & Michael Hudson | Days of Revolt: How We Got to Junk Economics

A politician’s job is to deliver whoever voted for you to your backers, who are on Wall Street. Whether you are a Republican or a Democrat, but especially if you are a Democrat – that’’s really the Wall Street wing of the American political system. The Republicans are for the corporate monopoly, oil and gas wing of it.

Polly Mann: Where Will All the Money Go in 2016?

The United States could put an end to poverty in this country by a substantial reduction in its enormous military budget. To do this would require a well-funded campaign, and how could the peace movement begin to amass funds sufficient to challenge those provided lobbyists by the military-industrial complex? Lobbyists, in turn, use whatever means are legal (usually, that is) to influence the lawmakers to enact legislation benefiting the arms makers.

Video. Chris Hedges | Days of Revolt: Neoliberalism as Utopianism

Saul: And what they did, most universities, was they did an intellectual cleansing of the economic historians to remove the possibility of doubt, the possibility of speculation on ideas, leaving these sort of hapless–mainly hapless macroeconomists, who fell quite easily into the hands, frankly, of the ideologues, the neoliberals, neoconservatives…

Marc Ash: Socialism? Let’s Cut to the Chase

“A basic principle of modern state capitalism is that costs and risks are socialized to the extent possible, while profit is privatized.”
– Noam Chomsky

▶ Robert Reich|VIDEO: What’s the Fed? You Should Care.

Beyond Outrage, Reich: What has gone wrong with our economy and our democracy, and how to fix it.

▶ Linda Bilmes on the True Cost of War • Henry A. Wallace National Security Forum

Bilmes: We have been using entirely borrowed money to finance our wars.

▶ Scheer and Hedges: They Know Everything About You |Video Parts 1 to 7

How Data-Collecting Corporations and Snooping Government Agencies Are Destroying Democracy”

▶ Gay Marriage Victory Is Not About Equality

Queer activist Yasmin Nair says that the fight for gay marriage was driven by an elitist, conservative movement.

E.J. Dionne, Jr.: What Change Sounds Like

a truly revealing leading indicator in politics is the moment when those on one side of the political debate are forced to talk about the problems that the other side sees as most pressing. Doing so inevitably reinforces their opponents’ worldview and suggests a retreat from their own ideology.

Bruce Gagnon: I Am Here

small boy
whistling
warming hearts
he deserves
a chance
to live
we fight for him

John J. Dilulio, Jr: The Rise and Fall of the US Government

Congress is now controlled by politicians who raise money and win reelection by granting political favors to their supporters. For example, high-priced lobbyists for Wall Street first devised the deregulation that made too-big-to-fail banks possible, and then fashioned the faux financial fix-it legislation that followed the 2008 economic crisis. These new laws featured a “highly complex stew of new regulations” that could not be well implemented and “would likely not solve the underlying … problem even if they were.”