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Chris Hedges and Michael Hudson: The Global Economy Is a Giant Ponzi Scheme

We should add that under this predatory form of economics, you game the system. So you privatize pension funds, you force them into the stock market, an overinflated stock market. But because of the way companies go public, it’s the hedge fund managers who profit. And it’s those citizens whose retirement savings are tied to the stock market who lose.

Noam Chomsky: My Hopes for the Future

Destruction of ISIS by any means that can be imagined might lay the basis for something worse, as has been happening quite regularly with military intervention. The state system in the region imposed by French and British imperial might after World War I, with little concern for the populations under their control, is unraveling.

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