Like all previous economic systems in recorded history, capitalism is on track to repeat the same three-step trip: birth, evolution, and death. The timing and other specifics of each system’s trip differ. Births and evolutions ...
Hedge funds and private equity firms make profits off our misery and threaten any future health care reform. (Laura Packard, Common Dreams) Americans are drowning in billions of dollars of medical debt, which continues to ...
Within hours of a move which saw Small Street making money to the detriment of Wall Street, authorities rushed in to shut the system down, with free marketeers in the financial world suddenly demanding overnight. ...
To grasp the sheer magnitude of U.S. economic inequality in recent years, consider its two major stock market indices: the Standard and Poor (S&P) 500 and Nasdaq. Over the last 10 years, the values of ...
The largest Wall Street bank is reportedly in discussions with the U.S. Postal Service for the exclusive right to solicit postal banking customers. (Common Dreams) Imagine if activists and elected officials were clamoring for emergency ...
(Caitlin Johnstone) To oppose power is to set yourself on a collision course with despair. You set out, all bright-eyed and bushy-tailed, charging full speed at the man all set to overthrow the status quo, ...
A new House proposal would ensure that all Americans in hard-hit areas could have a job. A tax on Wall Street windfalls would pay for it. (Common Dreams) The pandemic has claimed nearly 15 million ...
As Naomi Klein laid out in her bestseller “Shock Doctrine,” the wealthy elite use the confusion caused by economic and other disasters to quickly force through pro-free-market legislation. (By: Alan Macleod, Mintpress News) As coronavirus ...
“Stop the Money Pipeline” campaign demands that banks, insurers, and asset managers cut ties with planet-destroying companies. (By: Jessica Corbett, Common Dreams) Climate activists on Thursday announced a new campaign that aims to send a ...
“The financial industry may have been overshadowed by Big Tech in recent years but remains at the heart of the question of whom the economy works for. You would assume this would merit the attention ...
“The first time I saw this list, I said, ‘There is no way this is comprehensive.’ It’s just kind of mind-blowing that they would be this dishonest.” Last week, South Bend Mayor Pete Buttigieg responded ...
Wall Street will play big in the 2020 election, whether as a financial backer or as a topic of debate. Joe Biden, Kamala Harris, and Pete Buttigieg have emerged as Wall Street donors’ clear favorites ...
“Let’s call this what it is: legalized looting — looting that makes a handful of Wall Street managers very rich while costing thousands of people their jobs…” – Elizabeth Warren on the private equity industry. ...
“More than a decade after Wall Street greed brought the American economy to its knees, big banks are still using greed as a business model and are still engaging in the reckless behavior that helped ...
“You do have to wonder when working-class Trump supporters will start to notice such things.” (CommonDreams.org, by Jake Johnson) Since taking office in January, President Donald Trump has chosen ex-Goldman Sachs bankers to fill several key positions within ...
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