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Tag Archives: Class Warfare
It’s time to call the housing crisis what it really is: the largest transfer of wealth in living memory
By Laurie Macfarlane Source: OpenDemocracy.net One of the basic claims of capitalism is that people are rewarded in line with their effort and productivity. Another is that the economy is not a zero sum game. The beauty of a capitalist … Continue reading →
By Prof. James Petras Source: GlobalResearch.ca About 75% of US employees work 40 hours or longer, the second longest among all OECD countries, exceeded only by Poland and tied with South Korea. In contrast, only 10% of Danish workers, 15% … Continue reading →
By PM Beers Source: AntiMedia All cops are bastards because all cops, if ordered to, will enforce laws that oppress poor people. Many people would like to believe that there are good cops and bad cops. I’m going to explain … Continue reading →
Mainstream Economics Warns Out-of-Control Inequality Harms the Economy…But Corrupt Government Policy Keeps Increasing Inequality
Who’s Who of Prominent Economists Agree: Inequality Harms Economic Growth By WashingtonsBlog A who’s who of prominent liberal and conservative economists in government and academia have now said that runaway inequality harms economic growth, including: Current Fed chair Janet Yellen … Continue reading →
Yesterday Federal bankruptcy court judge Steven Rhodes ruled that Detroit is insolvent and eligible for a Chapter 9 debt restructuring. This gives the city the go-ahead to cut retirement benefits as part of its restructuring plan, despite pensions being explicitly … Continue reading →