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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
Posted in Corporate Crime, Corporate Welfare, culture, Economics, elites, Financial Crisis, Health, Inequality, Oligarchy, Philosophy, Privatization, Recession, Social Control, society, Sociology
Tagged Bailouts, coronavirus, Corporations, corporatocracy, Covid-19, Economic Collapse, economic inequality, Economics, financial crisis, Free Market, Freedom, Late Stage Capitalism, Oligarchy, Pandemic, Philosophy, Public Health
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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
Posted in Corporate Crime, culture, Economics, elites, Financial Crisis, Housing Crisis, Inequality, news, Oligarchy, Social Control, Social Engineering, society, Sociology, State Crime
Tagged Bailouts, coronavirus, Covid-19, Economic Collapse, economic inequality, Economics, elites, Federal Reserve, finanacial crisis, Housing Crisis, Oligarchy, Pandemic, wall street, Wealth Concentration
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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
Posted in Corporate Crime, corporate news, Corporate Welfare, culture, Dystopia, Economics, elites, Financial Crisis, Inequality, media, Media Literacy, Neoliberalism, news, Oligarchy, Social Control, Social Engineering, society, State Crime
Tagged Amazon, Bailouts, Bill Gates, Billionaires, CARES act, coronavirus, corporate media, Covid-19, Economic Collapse, economic inequality, elites, financial crisis, Institute for Policy Studies, Jeff Bezos, Mainstream Media, Oligarchy, Pandemic, Warren Buffet, wealth defense industry
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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
Posted in Authoritarianism, Corporate Crime, corporate news, Corporate Welfare, Corruption, culture, Dystopia, Economics, elites, Empire, Financial Crisis, Inequality, media, Media Literacy, news, Oligarchy, propaganda, Psy-ops, Recession, Social Control, Social Engineering, society, Sociology, State Crime
Tagged Bailouts, CARES act, Committee for a Responsible Budget, coronavirus, corporate media, Covid-19, Democrats, Donna Shalala, Dystopia, economic inequality, Economics, economy, financial crisis, Mainstream Media, Media Literacy, MSM media, Nancy Pelosi, Oligarchy, Pandemic, propaganda, recession, Republicans, Special Purpose Vehicles, Steve Mnuchin
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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
Posted in Corporate Crime, Corporate Welfare, Corruption, culture, Dystopia, Economics, elites, Empire, Financial Crisis, Inequality, Neoliberalism, news, Oligarchy, Social Control, Social Engineering, society, Sociology, State Crime
Tagged Cartels, central banks, coronavirus, Covid-19, Debt, Dystopia, Economic Collapse, economic inequality, Economics, financial crisis, Financialization, Globalization, Great Depression, Monopolies, Neofeudalism, Oligarchy, overvalued stock valuations, Pandemic, stock buybacks, Wage Stagnation, wall street
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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
Posted in Corporate Crime, culture, Dystopia, Economics, elites, Empire, Financial Crisis, Health, Housing Crisis, Inequality, Labor, Oligarchy, Social Control, Social Engineering, society, Sociology, State Crime
Tagged Alcoholism, American wages, Angus Deaton, Anne Case, capitalism, deaths of despair., Debt, declining life expectancy, depression, despair, drug addiction, economic inequality, Economics, financial crisis, Great Recession, Homelessness, opioid crisis, painkillers, Suicides, unemployment, United States
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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
Posted in Authoritarianism, Corporate Crime, Corruption, culture, Economics, elites, Financial Crisis, History, Inequality, Oligarchy, Privatization, Social Control, Social Engineering, society, Sociology, Technology
Tagged Adam Smith, Amazon, Aristocracy, Bill Gates, Billionaires, capitalism, Classical Liberals, economic inequality, Economics, Great Britain, John D. Rockefeller, Libertarianism, market failure, Matt Stoller, Millionaires, Monopolies, Oligarchy, Plutocracy, Socialism, technology, Wealth Concentration
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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 →