Michael Hudson on de-dollarization (tags)
Krugman is saying that other people have no reason at all for what they’re doing. And when they move out of the dollar, there’s no reason for them to do it. If you read what these countries say, they explain why they’re doing what they’re doing. .
Spiral downward and No exit! (tags)
The austerity dictates imposed on the Eurozone are only exacerbating the crisis they are supposed to be fighting. The austerity measures are leading to a collapse in domestic demand.
Power, Profit and Prestige (tags)
The United States was also constantly at war, after independence, with Native Americans. The U.S. armed forces engaged in a thousand military operations, large and small, against Native Americans between 1868 and 1890!
Why Karl Polanyi Still Matters (tags)
In The Great Transformation (1944), Karl Polanyi explains why the economy must be embedded in society and society must not be embedded in the economy. He describes land, labor and money as "fictitious commodities" since they cannot be multiplied and created on the market.
Debts are not a problem (tags)
The Democrats have learned from their mistakes. This time they want a big stimulus package to invest in infrastructure and climate protection. This change in sentiment is partly thanks to Keynesians like Paul Krugman, who have always called for government investment when the economy is paralyzed.
Financial Markets and National Socialism (tags)
Joseph Goebbels was appointed "Reich Minister for National Enlightenment and Propaganda "7 on March 15, 1933.: "The people should begin to think and react in a unified way. [...]" They should stand behind the actions of the government with full sympathy and support.
The Forgotten History of the Financial Crisis (tags)
In the United States between late 2008 and early 2009, 800,000 people were losing their jobs every month. By 2015, over nine million American families would lose their homes to foreclosure—the largest forced population movement in the United States since the Dust Bowl.
Trumponomics and Wall Street Rejoices (tags)
Economics should be a part of life, not a steamroller crushing creativity and self-determination. The state should serve the public interest and reduce poverty. Trumponomics is a disaster. The poor, seniors, children and students are under a vicious attack.
Economic Stagnation and its Mastery (tags)
Corporate profits explode while investments stagnate.Social housing declines with privatization. According to neoliberal theory, higher profits lead to grater investments and more jobs. In truth, higher profits lead to more use of tax havens and companies buying back their stock.
The President as Businessman (tags)
Trump's gigantic tax cuts will only benefit the rich. Revenue losses of six trillion dollars are expected for the first decade after the Trumpian tax cuts start. Trump sells the illusion that the old order can be restored.
Trump's "Greatest Tax Reform of History" - A Windfall for Millionaires and Corporations (tags)
Under the Trumpian tax reform, the corporate tax rate could fall from 35 to 15%. The drastic reduction of the corporate tax will lead to lower tax revenues of $2 trillion in 10 years. "This is not fiscal policy but a robbery led by Trump."
Competition Ideology and Power Reality (tags)
Competition cannot be an end-in-itself. Uncontrolled private power leads to misuse. Uncontrolled competition increasingly destroys itself through concentration and centralization processes. Bastard Keynesianism helps the banks. People diverted from real cause of crises
Trumponomics: Failure Pre-Programmed (tags)
Macro-economic and ecological connections are simply ignored with the concentration on short-term profit. The planned reduction of corporate taxes from the current 35% to 15 or 20% recalls the Laffer-curve as the basis of Reagan's fiscal policy error.
Growing Inequality Harms the Political Economy (tags)
Neoliberalism and finance market capitalism encourage creating money out of thin air, exploding inequality, precarious work and environmental destruction. Wages are not only a cost factor but an important demand factor leading to either investments or social blight.
Economic Crises as Sicknesses and Catastrophes (tags)
The 2008 financial crisis is often wrongly described as a "state debt crisis" where cause and effect are inverted and economists and the market are released from responsibility. Sickness and catastrophe metaphors dominate discussion
For 40 years, the Bremen study group has published memorandums. The council of experts promoted the profits of businesses, not aggregate economic demand. Mass unemployment surpassed the 5 million mark because of neoliberal structural reforms.
Less Growth and Less Work (tags)
French economist Thomas Piketty described neoliberalism or finance capitalism as an "inequality machine." Profits soar and investments are delayed. Keynes spoke of three phases: investments, surplus and stagnation. Reduced working hours is the only way to full employment.
Thomas Piketty and the Growing Inequality in Capitalism (tags)
"When capital profit is permanently higher than the growth rate for production and income which was the case up to the 19th century, capitalism automatically produces unacceptable and arbitrary inequalities that radically put in question the achievement principle..."
The empirical-historical analysis of the top incomes and their wealth are in the center with Thomas Piketty's "Capital" (2014). The share of the top 10% was never below 60% from 1917 to 2012. A wealth tax is vital to reverse the exploding inequality.
No Redistribution Without the Social State (tags)
In Austria 30 percent of the gross domestic product is spent on social services (not including education spending)...Since the 1990s social security has been increasingly discussed as a financial burden and less as a social achievement
TheInheritance of Inequality and Rethinking Growth (tags)
The economy exists for people, not vice versa. Economics should be pluralist, not a monolith. The economy should be embedded in society; society should not be embedded in the economy. Thomas Piketty and alternative economics emphasize inequality and mass unemployment.
The wealth of others has become more a problem and less an incentive. Capital is blind, Thomas Piketty says. Capital grows faster than the economy. Differences in wealth are inherent in capitalism but do not represent a natural law. A society can accept them or act against them.
A Frenchman Admonishes Americans to Equality (tags)
With his book and the data, Thomas Piketty has shaken the self-understanding of American society.. In 2010 the richest one percent had around 20 percent of the total income. In the 1970s the share was under 10 percent.
Financial Market Inflammation (tags)
Bubble formation covered up a period of long-lasting stagnation... Former US Treasury secretary Larry Summers even spoke of stagnation as a "new normality"... The crisis consequences are shifted to other subjects. Unemployment and indebtedness are exported.
Rejecting TTIP, AFDL-CIO's Trumka Calls for "Global New Deal" (tags)
The demonization of anyone who talks about the dangers of concentrated wealth is based on a misreading of both the past and the present. Such talk isn’t un-American; it’s very much in the American tradition. So who will be this generation’s Teddy Roosevelt? (Paul Krugman)
We can't go on like this by Sergi Halimi (tags)
"The game is not over. The neoliberal dream has lost its status as an absolute and an ideal, without which its social projects will wither and perish. All it is capable of producing now are privileges, and cold, dead beings. A change will occur. Each of us can help it happen..."
Expanding Social Security by Paul Krugman (tags)
Paul Krugman, professor of economics at Princeton, was the winner of a Nobel Prize in Economics in 2011/
A War on the Poor by Paul Krugman (tags)
The state has a social nature and cannot only be a power and security state. Since the 1980s, the banks carried out a "quiet coup" (Simon Johnson) by spending over $4 billion on campaign contributions and lobbying over ten years.
Free to be Hungry by Paul Krugman (tags)
Paul Krugman is a winner of a Nobel Prize for Economics.
Paul Krugman on "Truthiness" and the Deficits (tags)
"We all know how democracy is supposed to work. Politicians are supposed to campaign on the issues, and an informed public is supposed to cast its votes based on those issues, with some allowance for the politicians’ perceived character and competence."
"This is a Cold Putsch Against the Constitution" (tags)
Sahra Wagenknecht, co-vice president of DIE LINKE (The Left Party) in Germany, is the author of many books and articles on economic justice, the financial transactions tax and creative socialism.
Cyprus Postmortems: Part II (tags)
class war
The Fiscal Cliff Is A Diversion: The Derivatives Tsunami and the Dollar Bubble (tags)
The fiscal cliff is a bipartisan excuse to introduce austerity measures in the form of "needed" cuts to social safety net programs such as Social Security, Medicare and Medicaid. The stage is set for "Jason vs. Freddy" or Obama vs. Boehner as we the people wait to see which politician serial killer will be cutting the U.S. people with their sharp knives of austerity.
Paul Krugman Discovers Marx (and Misses the Point) (tags)
In his recent New York Times op-ed piece, Princeton professor and regular columnist for The New York Times, Paul Krugman observed: The American economy is still, by most measures, deeply depressed. But corporate profits are at record high. It’s simple: profits have surged as a share of national income, while wages and other labor compensation are down. The pie isn’t growing the way it should — but capital is doing fine by grabbing an ever-larger slice, at labor’s expense.
Fiscal cliff is a hoax, may be bipartisan excuse to kill off U.S. poor people! (tags)
The media hype about the so-called fiscal cliff is just another bipartisan excuse to increase the gap between the wealthy and ever increasing number of poor people in the U.S. Notice both parties are advocating large cuts to social safety net programs when people are already struggling with poverty, while U.S. military bases remain operational on foreign soil through the Earth and only Presidential candidate Ron Paul was willing to save money by closing ALL overseas bases.
To Krugman, the increasing ideological blindness of German politicians can only be explained by their belief that "hard times must be the necessary punishment for earlier excesses." Krugman overlooks that the hard times and excesses do not concern the same people.
The economic crisis, the massive indebtedness of the country and Obama's election have radicalized politics and voters. Ryan's budget proposal was recently described as a fairy tale that would in no way stop the economic decline. Others call his plan a joke.
Out of the Slump: The Only Road (tags)
A real analysis of the United State’s economic history is rarely discussed by politicians or media alike, since the conclusions that would be inevitably drawn would be out of step with what politicians are currently advocating.
"A seeming consensus among economists can virtually force the shaping of political opinions.. For 30 years, neoliberalism marginalized all other schools, above all Keynesianism - and all of us hit a brick wall.."
Will Johnson: Occupy Activist Says Movement's Alive & Well (tags)
According to Occupy San Diego activist Will Johnson, the movement is alive and well. It may no longer be running law-defying occupations in prominent public places, but it's still working out ways to challenge the vast and increasing inequality in the distribution of wealth and income in the U.S.
“Severely Conservative” (tags)
Mitt Romney's remark last February that he was a "severely conservative" governor of Massachusetts highlighted the love of discipline that holds the radical Right in general and the Republican Party in particular and reconciles their rejection of a role for government in the economy with their insistence that government aggressively enforce "traditional moral values."
Economics' sharpest critics regard it as an auxiliary science of astrology, a sect that sings its same little song. Classical authors like John Kenneth Galbraith are finally rediscovered. Exactness is impossible. The coming generation should be protected from mono-cultural ideology
Shock Strategy for Europe (tags)
The cocktail of social cuts, deregulation and privatization struck societies like a blow. The economy hit the wall; social securities were taken away. The debt problems were used as "timely opportunities" to gain new ground for the free market.
Epilogue to a Life: Dorothee Soelle (tags)
Dorothee Soelle combined political activism and mysticism, unconventional thinking and passion for life. This epilogue written by her partner, the theologian and former Benedictine monk Fulbert Steffensky, reveals the feistyness and childlikeness of the liberation theologian.
The Great Refusal and The 99 Percent (tags)
The Great Unraveling provokes the Great Refusal (Paul Krugman). The mainstream media pursue their own political goals and only publish what pleases the advertisers. We need information, not indoctrination. Occupy could change the whole culture with a new media emerging.
Occupy World - The Protest Against the Financial System Intensifies (tags)
Since the beginning of the financial crisis, governments from Berlin to Washington solemnly vowed to regulate the financial system more strongly, close the casino on the financial markets and call to account financially the speculators.for their inflicted damage. Deeds did not follow.
Politics in the Crisis Trap (tags)
A discontinuance of debt-financed economic programs leads to an economic slack period resulting in stagnation and recession. Crisis policy finds itself in a philosophical paradox. The political class can only choose between more indebtedness up to state bankruptcy (with hyper-inflation) or harsh austerity programs.
Manifesto of Appalled Economists: The Shocked and the Outraged (tags)
Tax cuts for the super-rich and corporations promised economic growth and more jobs but produced exploding inequality and generalized insecurity. The US faces a revenue crisis and a war spending crisis. Tax cuts, wars and bailouts of banks and firms caused massive US deficit.
Zombie Housing, Zombie Banks, Zombie Governments: Economy Cassandra Says Marx was Right (tags)
"Karl Marx had it right. At some point capitalism can destroy itself because you cannot keep on shifting income from labor to capital without not having excess capacity and a lack of aggregate demand, and that's what's happening." --Nouriel Roubini
Fukushima Mon Horreur - The Dream of Economic Reason Gives Birth to Tremendous Catastrophe (tags)
In "Anti-Duhring," Frederick Engels explained that nature also has a history and that capitalism tends to destroy its own foundations and nature. The negative is bound to the positive as conservation of energy is bound to transformation of energy.
Spanish Voters Reject Austerity (tags)
financial terrorism
The U.S. is More Greek than Greece (tags)
Deficit economies were organized mainly by finance capital. The expansion of this credit-financed mass demand went along with the expansion of the financial sector. Trillions of dollars and Euros were pumped in the stabilization of financial markets.
Sandor Samuels is asked to stop fraud against California homeowner (tags)
Bet Tzedek - The House of Justice - President Sandor Samuels is asked to help in stopping fraud by Bank of America against a homeowner in the Los Angeles Superior Court ____ As Chief Legal Counsel of Countrywide and Associate General Counsel of Bank of America Sandor Samuels was integral to one of the largest frauds in the history of mankind - against the US taxpayers, against shareholders, and against homeowners from coast to coast. More recently he expressed his commitment to "repairing the world".
Hidden Provisions in Wisconsin Bill (tags)
worker struggles
Dollar-Yuan Currency War (tags)
The value of the Yuan is not the cause for the US trade and balance of payments deficits. The reasons are the high state indebtedness (armaments/ wars and tax gifts to the rich) and the indebtedness of private households. The US has a trade deficit with 90 countries.
Quantitative Easing: Elixir or Poison? (tags)
QE indeed poison as being used
The Political Consequences of Stagnation (tags)
My apologies to T. S. Eliot, but September, not April, is the cruelest month. Before 9/11/2001, there was 9/11/1973, when Gen. Pinochet toppled the Allende government in Chile and ushered in a 17-year reign of terror. More recently, on 9/15/2008, Lehman Brothers went bust and torpedoed the global economy, turning what had been a Wall Street crisis into a near-death experience for the global financial system.
Worldwide Economic Crisis: Two Opposite Models as Answers (tags)
In a large part of the population, there is a consensus that capitalism has no answers to the great social challenges of social security, hunger and climate change. An alternative investment program (emphasizing children, culture and climate change) gives a long-term answer.
Greenspan and the Guilt of Others (tags)
Before the committee, Greenspan immediately went on the offensive (cf. Creole trick). The irresponsible loans of banks caused the crisis, not the low interest of the Fed. The Fed failed in regulating the banks because its employees were not neutral.
The Neoliberal Agenda is Over and The Despised Social State (tags)
Neoliberalism is the political-economic experiment of individualizing social risks and claiming growth and employment will be higher. This claim is refuted convincingly by the global financial crisis destroying enormous assets and causing growth and employment to crash.
The Next Crash is Brewing (tags)
The economic way of thinking enforced for a quarter of century is one of the structural factors that helped this "economy of depression" breakthrough. This dominant doctrine denies the role of demand and concentrates on the problems limiting the supply of goods & services
Happy New Year, For Tenants Nothing's Changed! (tags)
Unfortunately, 2009 proved for many big-city tenants that the golden rule was promiscuously traded for gold. Why would 2010 be any different?
VIDEO: Paul Krugman - The Return of Depression Economics (tags)
The shadow banking system without regulations coupled with the mother of all bubbles in real estate made the 2008-2009 crisis worse than the 1929-1930 collapse.
"Not learning lessons from the bank collapse reproduces or strengthens the dominance of the financial sector. The danger of a repetition of the crisis grows..The political right-wing slanders the health reform project as an `attack on freedom.'"
How Neoliberal Ideology Destabilized the World Balance: Krugman and Galbraith (tags)
"If the depression has not openly erupted, all the features of the 1930s are having a spectacular comeback." (Paul Krugman) To free the US from the claws of private interests, James Galbraith urges the public authority to set social and ecological norms.
GERMANY: What Lessons Do We Learn from the Financial Crisis? (tags)
Rating agencies were paid by the firms to be rated. Ultimately rational individual conduct led to an irrational collective result. The lesson is clear. On the way of regulation or taxation, banks must be given a massive incentive to remain small.
All the President's Zombies (tags)
Reagan adorartion may reflect the authoritarian personality, the work religion or the religion of order. Gsoebbels recorded every piece of bread and whether the train was on time.
Attac France on the Stiglitz Report (tags)
If the world really lives through a systemic crisis, solutions must also be sou9ght on this plane. Regrettably the mandate limits the commission to reform the international monetary system. The UN is the only institution with a democratic legitimacy.
AUDIO BOOK: Free: The Future of a Radical Price (tags)
After the collapse of the "manager" and "business" models in the "irrational exuberance" of the financial markets, free could be a new model reviving public spirit and joy in the digital commons.
"Tim Geithner made clear the US government does not plan any breach with disaster capitalism....No wonder Wall Street cheers. New life is breathed into speculation at state expense with junk securities.."
It is not a conjunctural crisis (tags)
"instinct is the hereditary knowledge of a specific program of life"
"Low-Wage Capitalism" Author Speaks in San Diego (tags)
Fred Goldstein, contributing editor of the Workers' World newspaper and author of the new book "Low-Wage Capitalism," spoke at the Malcolm X Library April 18 and described the current economic collapse as a classic "crisis of overproduction" in the Marxist sense. Though Wall Street greed and the bursting of the housing bubble played a part, he said, the real cause was the capitalist class's success in driving working people's wages down, not only in the U.S. but worldwide, to the point where workers can no longer afford to consume the products they produce. He called for a mass progressive movement to make explicit economic demands, especially jobs.
Disarm the Markets! New Attac Basis Text (tags)
The therapy depends on the diagnosis. Mechanisms, instruments and actors can be identified whose action and teamwork led to the crash. The age of a unipolar world was very short. An historical chance is opening against finance capitalism.
The Obama Government: Take from the Poor and Give to the Rich (tags)
These past several weeks have witnessed a stunning attack on working people, with the Obama administration leading the charge. It started with Larry Summers, Obama’s chief economic adviser, responding to the A.I.G. bonuses by pontificating about the sanctity of contracts: “We are a country of law. There are contracts. The government cannot just abrogate contracts.” Like a mad dog pursuing its prey, he pounced on the conclusion that absolutely nothing could be done about the bonuses. Unfortunately, Summers voiced no similar outcry when the Obama administration, only weeks earlier, insisted that the U.A.W. contracts be renegotiated as a condition for the auto industry receiving a bailout, suggesting that a different set of rules applies to the rich than to the rest of us who constitute the majority and work for a living.
Employee Free Choice Act: The Enemies of Unions and The Lies They Tell (tags)
Corporate leaders see the proposed Employee Free Choice Act as a grave threat--and they'll say and do just about anything to prevent its passage.
Fear of the Great Depression (tags)
The acute danger exists of a self-reinforcing downward spiral from deflation, increasing debts and new problems in the financial sector..Degenerate banks must be closed by the state in a controlled way. Politics must try to reduce the uncertainties of consumers.
Toxic Plans for Toxic Assets (tags)
Obama stimulus from hell.
Obama's Bank Bailout: Bush's Plan Resurrected (tags)
To reintroduce an unpopular idea by a different name is a classic trick of politicians. Obama has done precisely this in unveiling his bank bailout plan. In a desperate attempt to distance himself from Bush, the Obama administration has added some complicated economic terms packaged into a system he simply calls the “bad bank.” The essence of the plan, however, is exactly what Bush originally proposed.
A New Administration, Tired Old Policies (tags)
Counterproductive policies heading America for depression
"Washington remains deadly afraid of the N-word nationalization and thinks elaborate financial rituals can reanimate dead banks.. I hope I'm wrong, but I suspect that taxpayers are about to get another financial rescue plan that fails to do the job."
The State Invests and Memorandum 2008 (tags)
When the state invests, it ensures that the economy will grow faster tomorrow than today: new streets, better schools and new eco-techniques. In a few years we will all earn more. Even German bank president Axel Weber urges a state economic program.
Obama's Economic Dream Team? (tags)
indeed for Wall Street bankers
Worse Than the Great Depression? (tags)
a distinct possibility
A reality check.
More from the Front Lines of the Financial Crisis (tags)
The worst is yet to come.
Public Enemy Number One (tags)
Fed- engineered crisis.
In the great US democracy, half of those eligible to vote are not registered, and half of those who are registered does not vote. Thus, the rulers are elected by only 25% of the electorate...
The problem is that a large part of US real estate financing, the "subprime" market for real estate credits to poor borrowers, functioned according to the model of a chain letter. Radical redistribution, nationally and internationally, is the command of the hour.
"Moment of Truth" by Paul Krugman (tags)
"We have a globalized financial system in which a crisis that began with a bubble in Florida condos and California McMansions has caused a monetary catastrophe in Iceland. We're all in this together, and need a shared solution."
Bail-Out, Economic Democracy and the Socialist Path (tags)
David Schweickart, political philosopher, discusses the financial crisis, what it exposes about capitalism, how it can set the stage for economic democracy, and open the socialist path.
De-Acceleration or Globalization 2.0 (tags)
"The wondrous global division of labor came about in which threshold countries lend money to the US to buy Chinese or Indian products..Must cut-flowers from Africa be promoted in Europe?..With de-acceleration, globalization will catapult fewer jobs around the globe.
The De-Racialization of US Politics (tags)
Ther de-racialization of US politics has implications that go far beyond the possibility that we're about to elect an African-American president. If Mr. Obama wins in Vovember, it will be because our country has already been transformed.
Frances Fox Piven's "Challenging Authority" (tags)
Advancing disruptive social protests for change.
Now that the financial clouds have lifted a bit, the pushback against sensible regulation is in full swing. Wall Street did an end run around regulation. There's every reason to believe that the next crisis will be bigger still-and that the Fed won't have enough duct tape to hold things together.
Shouting from the Caboose (tags)
Hope lies beyond Social Darwinism and hyper-individualism. As the end of cheap oil could be the beginning of real community, the end of everyday time could be the beginning of kairos time, the time of decision. Black is a new consciousnessness, not a skin color (Steve Biko)
"Partying Like It's 1929" by Paul Krugman (tags)
The banking crisis of the 1930s showed that unregulated, unsupervised financial markets can all too easily suffer catastrophic failure. As the decades passed, that lesson was forgotten-and now we're relearning it, the hard way.
"Betting the Bank" by Paul Krugman (tags)
Monetary policy can have magical effects; but sometimes the magic doesn't work. And this is one of those times. The ugly economics of the financial crisis will soon create some ugly politics.
Don't Rerun That '70s Economic Show (tags)
The difference is that the problems look a lot worse this time. A serious fiscal stimulus plan-one that emphasizes public investment and aid to Americans in economic distress-could do a lot to ease the country's economic pain. Mending our own pockets is vital.
The Dollar and US Hegemony (tags)
The dollar devaluation since 2001 is a necessary adjustment for the twin US deficits, the national budget deficit and the foreign trade deficit. US imports are nearly double US exports. A drastic change of lifestyles is imperative where modesty and simplicity are encouraged.
Questions to the Maestro Alan Greenspan (tags)
Listen to Thom Hartmann interview Alan Greenspan on Air America Monday Sept 24. Greenspan was responsible tor the credit problems that now shake the world finance markets. Did the maestro drastically lower interest rates to help the Bush administration?
Deregualtion and liberalization have contributed to the present chaos. Through deregualtion and internationalization, getting into and out of investments as fast as lightning becomes possible.
The War on Working Americans - Part II (tags)
Part II of how American workers are losing out.
Reviewing Michael Parenti's "Democracy For the Few" - by Stephen Lendman (tags)
America's democracy serves only the privileged.
The big brother from the North misled the South.. The slogan "More Market, Less State" is losing a few old friends in Europe.. What is changing is the discourse, the eulogy of the market and its possibilities.
Who Frees Us From Capital? (tags)
Whole continents bowed to the Washington Consensus..The World Bank must end its embittered attack on distribution policy.. Privatization awakened false hopes.. Evo Morales in Bolivia nationalized the oil and gas economy and raised the monthly minimum wage to $100.
Homo Oeconomicus and Economic Theories (tags)
The neoclassical theory dominant today is different from the Keynesian theory that defined the decades after the 2nd World War. "Bad ideas flourish because theya re in the interest of powerful groups." (Paul Krugman)
The Big Meltdown: PAUL KRUGMAN - Financial Crisis; Democrats seek more war funds than Bush (tags)
KRUGMAN: If we’re going to have a financial crisis, here’s how it will play out. THE COMPLETE ARTICLE AND MORE
Golden State Gamble: PAUL KRUGMAN (tags)
Krugman is of two minds about Governor Schwarzenegger’s plan to bring universal health insurance to California.
A Look Back and Ahead in an Age of Neocon Rule (tags)
A review of the past year and review of year ahead.
Building Bridges Radio:Paul Krugman-Medicare for All (tags)
WBAI'S Building Bridges: Your Community and Labor Report presents this 28 minute radio program. TO LISTEN CLICK ON WEB ADDRESS LINK BELOW.
Paul Krugman on Medicare D (tags)
The Bush administration turns out to be the reverse Midas, everything it gets its hands on from reconstruction of New Orleans to drug reform turns to crud.
How one small-town conservationist launched today’s anti-immigration movement
BTL:Use of Tactical Nuclear Weapons in Iran Would Kill Hundreds of Thousands (tags)
Interview with Dr. Kurt Gottfried, chairman of the Union of Concerned Scientists, conducted by Between the Lines' Scott Harris
A year ago, most Americans thought Mr. Bush was honest.. Now we know when it comes to presidents who break the law, it's O.K. if you're a Republican.
November 2nd World Can't Wait (tags)
On November 2nd, in over 60 cities across the country including high schools and colleges in many of these cities, The World Can’t Wait Drive Out the Bush Regime launches the first national movement in American history dedicated to driving a sitting president out of office.
Did George W. Bush Steal America's 2004 Election? (tags)
A post-election headline from the Akron Beacon Journal cites a critical report by twelve prominent social scientists and statisticians, reporting: "Analysis Points to Election ‘Corruption': Group Says Chance of Exit Polls Being So Wrong in '04 Vote is One-in-959,000." Citing "Ohio's Odd Numbers," investigative reporter Christopher Hitchens, a Bush supporter, says in Vanity Fair: "Given what happened in that key state on Election Day 2004, both democracy and common sense cry out for a court-ordered inspection of its new voting machines."
Amy Goodman didn't know if anyone was listening. It was the morning of September 11, 2001, and the host of the muckraking radio news program Democracy Now! was broadcasting from her studio in a converted firehouse just blocks from the World Trade Center. She was hunched over her microphone, intent on painting an audio portrait of the "horrific scene of explosions and fires," but the truth was she didn't know if anyone could hear her.
Representatives of orthodox market theory are not weary emphasizing that the causes of crises only refer to economic errors in the afflicted countries. This 1988 Austrian warning calls us to resist the ideology of market fundamentalists.
Will Dean Make a Difference? (tags)
With Dean at the head of the Democratic Party, will it wtop being a confrontation-averse, Republican-aping, corporate-cash wheedling…and election-losing opposition, or will it start fighting back? The Social Security battle will be a good place to find out whether Dean can still yell.
It Was And Is the Theft of the Election Stupid. (tags)
Could somebody please tell me how this alternate reality appeared totally blotting out the well-documented history of election 2000. The alternate reality I am speaking of is the one that seems to have taken over the minds of the Democratic Party and their party hacks like Paul Bagala a host on CNN's Croosfire who up until Nader announced his candidacy to run for the presidency in 2004 claimed over and over and over again on the air that George Bush and the Republican dominated Supreme Court stole the presidential election in 2000. All across America Democrats screamed about the theft of the election over over and over again.
Bush Administration Endangers the Middle Class (tags)
"Nation-wide the social descent of many families sees a real threat.. the number of newly created jobs still lags behind the population growth. More Americans have been completely dismissed from the labor market.."
The High Priests of Economic Nonsense (tags)
"The rules of social state restraint of wild capitalism are ignored. The class struggle from above has long been a fact since the coalition of capital with the government is fairly stable and the media play along. Resistance is inevitable.."
Building Bridges Radio - 1.Paul Krugman 2. Flood Devastates Bangladesh (tags)
Building Bridges Radio presents this 29 minutes Radio program. TO LISTEN CLICK ON WEB LINK BELOW
Building Bridges Radio - 1.Paul Krugman 2. Flood Devastates Bangladesh (tags)
Building Bridges Radio presents this 29 minutes Radio program. TO LISTEN CLICK ON WEB LINK BELOW
Review of Paul Krugman's "The Great Unraveling" (tags)
"We face one of the most wicked rogue governments on earth in democratic enlightened America. This administration denies the legitimacy of the existing political system and seeks to abolish it.."
The current crop of GOP candidates parrots absurdities about term limits and fiscal responsibility--makes you wonder if they have any concept of the real world.
Rat in a Drain Ditch, Caught on a Limb (tags)
It’s been a long, dark, strange trip these past three-plus years, but rejoice, dear readers: Bush is toast! How can this be, you ask, and how can one be so sure? Read on, and be ye comforted: Find out why the Bushman goeth come November.
Kerry catches tax cut mania (tags)
It is highly unlikely that tax breaks would spur much job-creating investment, since employers are reluctant to expand operations while facing overcapacity in almost every industry. Utilization of industrial capacity hit a 20-year low of 74 percent last year, and is barely higher today. Instead of adding jobs, employers are squeezing more from fewer workers, while allowing little or no wage growth.
The Top 100 Heroes of Peace (tags)
Everyone on this list have spoken at great risk to their jobs and their lives.Not a few of them have lost their jobs and too many have lost their lives speaking out against the Bushes and the Blairs and the Sharons.Suicides, Plane Crashes, Accidents.One was bulldozed to death.
Message to Congress: Extend jobless benefits (tags)
WASHINGTON – The New Year was a time of revelry for the corporate rich as government reports confirmed a surge in profits and productivity in the final quarter of 2003. George W. Bush trumpeted the news as proof that his trillions in tax cuts for the wealthy has pulled the nation out of recession.
Paul Krugman: It's fair to be uncivil when liberty is at stake (tags)
'One of the problems with media coverage of this administration," wrote Eric Alterman in The Nation, "is that it requires bad manners." He's right. There's no nice way to explain how the Bush administration uses cooked numbers to sell its tax cuts, or how its arrogance and gullibility led to the current mess in Iraq. So it was predictable that the administration and its allies, no longer very successful at claiming that questioning the president is unpatriotic, would use appeals to good manners as a way to silence critics. Not, mind you, that Emily Post, the doyenne of etiquette, has taken over the Republican Party: The same people who denounce liberal incivility continue to impugn the motives of their opponents.
Needless to say, the Democrats have no actual plan of their own, unless "surrender" counts as a plan.
Fashionable anti-Semitism and anti-Israelism (tags)
Do not look for the Islamic community here to acknowledge that the United States, in little over a decade, freed Kuwait, saved most of the Bosnians and Kosovars, tried to feed Somalis, urged the Russians not to kill Chechnyans, belatedly ensured that no longer were Shiites and Kurds to be slaughtered in Iraq, spoke out against Kuwait's ethnic cleansing of a third of a million Palestinians — and now is spending $87 billion to make Iraqis free.
Imminent Threat is revisionist spin (tags)
George W. Bush never said that the threat from Iraq was "imminent." George didn't lie. It's his castigators who are lying.
Renowned Economist Blasts Bush's Economic Policies (tags)
After Krugman's speech, Nobel laureate and UC Berkeley professor George Akerlof led a standing ovation and hundreds of people stood in line to buy Krugman's new book.
Kleptocratic States of America (tags)
"Cronyism is an important factor in the Iraqi debacle. It's not just that reconstruction is much more expensive than it should be. The really important thing is that cronyism is warping policy: By treating contracts as prizes to be handed to their friends, administration officials are delaying Iraq's recovery, with potentially catastrophic consequences.
I. Wallerstein: La Debilidad Norteamericana y la lucha por la Hegemonía (tags)
Articulo destacado en Panorama Internacional.
Lea Panorama Internacional (tags)
El semanario de análisis internacional que combina las opiniones de los "think tank" imperialistas, la de los principales intelectuales y académicos y artìculos de análisis marxista. Con un importante staff de especialistas y traductores en inglés, francés, italiano, alemán y portugués, Panorama Internacional, es un sitio inédito en el mundo de habla hispana. En su nueva edición del 21 de Julio le presentamos sólo algunos de los artículos más relevantes
As the Bush Regime Falls, What About Iraq, Afghanistan and We The People? (tags)
With the New York Times publishing in today's paper the "Uranium Quicksand" editorial and with Paul Krugman's op-ed piece "Pattern of Corruption" it looks as though the beginning of the end of the Bush regime is upon us.
Global Power Elites and the New Wars (tags)
"A representative republic was transformed into a plutocracy. Privatizing public property was a continuous tendency during the whole modern age." The average net worth of the 400 richest Americans rose tenfold by 1999..The Bush administration has martial plans, not a Marshall plan." From the German
Bush Wants To Bankrupt America: There is Method To His Madness (tags)
This plan is so obvious at this point that it is hard to believe because it is happening so fast and the Democrats and even conservative non- neo-con Republicans don't realize what Bush and his neo-con buddies are up to.
BEYOND BUSH - Part I ( By Michael C. Ruppert ) (tags)
Michael C. Ruppert looks into the future and shares his thoughts (repost)
AMonomaniac with a Bad idea-Bush against the Economy (tags)
Bush and the economy
In The Kingdom Of Forgetting (tags)
Memory can be an embarrassing thing. In politics, it's often more convenient to forget. The classic illustration of this idea was Orwell's dystopian Ministry of Truth, where functionaries fed any inconvenient bit of information down the memory hole -- "whereupon it would be whirled away on a current of warm air."
Dixie Chickens, Hackers & Co. (tags)
Adventures in free speech.
Boycott Clear Channel!
A Coalition of the Elites (tags)
The extent of this admiistration's deceiving of the public is rather spectacular. I sometimes have the feeling that I don't live in one of the oldest democracies but in the Philippines under a new Marcos. This interview is translated from the German in Der Spiegel
All The Facts That Fit: Columns By Two NY Times Pundits Picked Apart [Part 3] (tags)
Coinciding with the anti-FTAA demonstrations in Quebec, two NY Times columnists lambasted the demonstrators as enemies of the poor. Part Three criticizes Paul Krugman's column, with particular emphasis on challenging his claim that suffering under neoliberal capitalism can't be helped.
All The News That Fits: Columns By Two NY Times Pundits Picked Apart [Part 3] (tags)
Coinciding with the anti-FTAA demonstrations in Quebec, two NY Times columnists lambasted the demonstrators as enemies of the poor. Part Three criticizes Paul Krugman's column, with particular emphasis on challenging his claim that suffering under neoliberal capitalism can't be helped.
All The News That Fits: Columns By Two NY Times Pundits Picked Apart [Part 3] (tags)
Coinciding with the anti-FTAA demonstrations in Quebec, two NY Times columnists lambasted the demonstrators as enemies of the poor. Part Three criticizes Paul Krugman's column, with particular emphasis on challenging his claim that suffering under neoliberal capitalism can't be helped.