Tag Archives: Debt

Another Reason Young Americans Don’t Revolt Against Being Screwed

By Bruce E. Levine Source: CounterPunch “8 Reasons Young Americans Don’t Fight Back: How the US Crushed Youth Resistance” was originally published in 2011, then republished on several Internet sites, and has become one of my most viewed articles. The … Continue reading

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Why America is the World’s First Poor Rich Country

Or, How American Collapse is Made of a New Kind of Poverty By Umair Haque Source: Eudaimonia Consider the following statistics. The average American can’t scrape together $500 for an emergency. A third of Americans can’t afford food, shelter, and healthcare. … Continue reading

Posted in Corporate Crime, culture, Dystopia, Economics, elites, Financial Crisis, Housing Crisis, Inequality, Labor, Neoliberalism, Social Control, Social Engineering, society, Sociology, State Crime, Work | Tagged , , , , , , , , , , , | 1 Comment

USA in a Debt Trap Death Spiral

By F. William Engdahl Source: New Eastern Outlook The US economy and its financial structures have never recovered from the great financial meltdown of 2008 despite the passage of ten years. Little discussion has been given to the fact that … Continue reading

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The US Middle Class is Shrinking and Moving Towards a “Dual Economy”

MIT Economist Peter Temin, the author of “The Vanishing Middle Class,” explains how the US is moving towards two economies, one for the lower 80% and one for the upper 20% By Gregory Wilpert and Peter Temin Source: Real News … Continue reading

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America’s Painful Self-delusion

By Allen Marshall Source: Information Clearing House America is the only nation brought forth by a set of beliefs, and those beliefs, captured so eloquently in our founding documents, are some of the most powerful and inspiring ever conceived. We … Continue reading

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Putting an End to the Rent Economy

By Michael Hudson and Vlado Plaga Source: Unz Review Interview with Vlado Plaga in the German magazine FAIRCONOMY, September 2017. Originally, you didn’t want to become an economist. How did it come that you changed your plans and digged so … Continue reading

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Boobs on Credit

By Jim Quinn Source: The Burning Platform Do you ever hear something so startlingly mind numbingly ridiculous you realize it must be a sign things have gotten so fucked up something has got to give? As I was driving to … Continue reading

Posted in Consumerism, Corporate Crime, culture, Deep State, Dystopia, Economics, Financial Crisis, Recession, Social Control, Social Engineering, society, Sociology | Tagged , , , , , , , , , , , , , | 1 Comment

Why We’re Doomed: Our Economy’s Toxic Inequality

By Charles Hugh Smith Source: Of Two Minds Anyone who thinks our toxic financial system is stable is delusional. Why are we doomed? Those consuming over-amped “news” feeds may be tempted to answer the culture wars, nuclear war with North … Continue reading

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