Tag Archives: economic inequality

Private gain must no longer be allowed to elbow out the public good

By Dirk Philipsen Source: aeon Adam Smith had an elegant idea when addressing the notorious difficulty that humans face in trying to be smart, efficient and moral. In The Wealth of Nations (1776), he maintained that the baker bakes bread … Continue reading

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Why Assets Will Crash

By Charles Hugh Smith Source: Of Two Minds This is how it happens that boats that were once worth tens of thousands of dollars are set adrift by owners who can no longer afford to pay slip fees. The increasing … Continue reading

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America’s Super-Rich See Their Wealth Rise by $282 Billion in Three Weeks of Pandemic

America’s billionaires have accrued more wealth in the past three weeks alone than they made in total prior to 1980. By Alan Macleod Source: Mint Press News A new report from the Institute for Policy Studies found that, while tens of millions … Continue reading

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Corporate Looting as ‘Rescue Plan,’ Robber Barons as ‘Saviors’

By Joshua Cho Source: FAIR.org For a perfect illustration of how corporate media function as ruling class propaganda, watch how they spin a titanic upward redistribution of wealth as a “rescue plan” for the US economy, and paint a robber … Continue reading

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No, This Is Not Another 1929, 1973, 1987, 2000, or 2008

By Charles Hugh Smith Source: Of Two Minds Basing one’s decisions on analogs from the past is entering a fool’s paradise of folly. Like addicts who cannot control their cravings, financial analysts cannot stop themselves from seeking some analog situation … Continue reading

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Charlie Chaplin and Truly Modern Times

By Daniel Warner Source: CounterPunch Acrobat, musician, composer, clown, mime, movie star, director and producer, Academy Award winner for lifetime achievement, but still driven from the United States for his backing of the Soviet Union, Charlie Chaplin should need little … Continue reading

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America’s Despair

By Vladimir Odintsov Source: New Eastern Outlook More and more people in the United States are feeling let down by American capitalism, and the population is being plunged into depression. This was the alarming conclusion reached by two researchers from … Continue reading

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Of Course Billionaires Shouldn’t Exist

By HipCrime Vocab There’s apparently a row over whether billionaires should exist. That is, whether or not billionaires should be a thing in our society. What a stupid question. Of course billionaires shouldn’t exist! But the reason has nothing to do with … Continue reading

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