The First Domino Falls in Greece
By: Shamus Cooke After the last Greek elections rejected austerity and caused a global uproar, early polling indicates that the next Greek elections — scheduled for June 17 — will [...]
Category Archives: Economics
Economic Viewpoints
Greece Reflects Growing Economic Turmoil
By: Stephen Lendman Straightjacket Eurozone rules trap 17 dissimilar countries. Greece proved most vulnerable. It’s cratering under imposed austerity. It’s the epicenter of Europe’s deepening economic crisis. Fed up Greeks [...]
The Subsidized Student Loan Scam
By: Dave Lindorff How the US Government is Profiteering Off of Struggling Students The Senate is currently deadlocked on taking action to prevent the interest on new Stafford guaranteed student [...]
Extractive Capitalism and the Divisions in the Latin American Progressive Camp
The leading agro-mineral exporting countries, including those engaged with the world’s leading mining and energy multi-national corporations(MNC) are also those characterized as having the most independent and progressive foreign policies. Apparently the primacy of “extractive capitalism” and commodity-export based economies are no longer correlated with ‘neo-colonial’ regimes.
Predatory Capitalism Failed
By: Stephen Lendman Independent observers knew it long ago. Today’s global economic crisis provides added confirmation. In 2008, a staunch champion of the system expressed second thoughts. More on him [...]
Five Tax Fallacies Invented by the 1%
By: Paul Buchheit We hear these claims often, even though they’re entirely false. An analysis of the facts should make that clear. (1) The Rich Pay Almost All the Taxes [...]
Capitalism in the Second Decade of the 21st Century — From the “Golden” to the Dark Ages of Capitalism
By: James Petras, Ph.D Introduction: The economic, political and social outlook for the second decade of the 21st century is profoundly negative. The almost universal consensus, even among mainstream orthodox [...]
Shaky Economies
Since 2009, an ocean of easy money saved American, EU, and Japanese economies from collapse. Never before historically did the world’s largest central banks abandon reason and go “absolutely berserk,” according to financial expert Martin Weiss. Earlier ones alone did it. Four is unprecedented and dangerously reckless. So far they’re swimming above water together. Eventually they’ll sink when “the money drug stops working.” Diminishing returns eventually follow, then perhaps crashes when things spin out of control.
Five Reasons Why The Very Rich Have NOT Earned Their Money
The wealthiest Americans believe they’ve earned their money through hard work and innovation, and that they’re the most productive members of society. For the most part they’re wrong. As the facts below will show, they’re not nearly as productive as middle-class workers. Yet they’ve taken almost all the new income over the past 30 years. Any one of these five reasons should reinforce the belief that the rich should be paying a LOT more in taxes.
Capitalism — Dream & Reality
By: Alton C. Thompson Robert B. Reich has recently described how private equity partnerships (such as Bain Capital—with which Mitt Romney is associated) make all their money: Rather than risking [...]
