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Tag Archives: economic inequality
The Top 10%’s Bubble Is About to Burst
By Charles Hugh Smith Source: Of Two Minds When the top 10%’s bubble pops in 2021, the loss of illusions/delusions of security and wealth will be shattering to all those who believed artifice and illusory “wealth” were real. A great … Continue reading
Posted in Corporate Crime, Corruption, culture, Dystopia, Economics, elites, Financial Crisis, Inequality, Neoliberalism, Oligarchy, Recession, Revolution, Social Control, Social Engineering, society, Sociology, State Crime, Technocracy
Tagged asset deflation, Dystopia, economic bubbles, Economic Collapse, economic inequality, Economics, elites, Federal Reserve, financial crisis, Financialization, Globalization, Income Inequality, Meritocracy, Neoliberalism, Oligarchy, Technocracy
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Global billionaire wealth tops $10 trillion as COVID-19 deaths mount
By Jacob Crosse Source: WSWS.org The collective wealth of the world’s 2,189 billionaires has risen to $10.2 trillion, an increase of nearly $1.3 trillion in the past three years, according to a new report by the Swiss bank UBS and … Continue reading
Posted in Corporate Crime, Corporate Welfare, culture, Dystopia, Economics, elites, Financial Crisis, Inequality, news, Oligarchy, Recession, Social Control, Social Engineering, society, Sociology
Tagged bailout, Billionaires, covid profiteers, Economic Collapse, economic inequality, elites, Federal Reserve, financial crisis, Institute for Policy Studies, Jeff Bezos, Mass Poverty, Neoclassical Economics, Oligarchs, Oligarchy, Plutocracy, Riding the Storm, unemployment, Wealth Concentration
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Inflation Is Stealth Austerity
By Charles Hugh Smith Source: Of Two Minds Rather than decry austerity, which demands an open political discussion of trade-offs, we should decry inflation’s stealthy reduction of purchasing power. Austerity–bad. Inflation–good. Oh wait–they’re the same thing: both are a reduction … Continue reading
Posted in Corporate Crime, culture, Economics, elites, Financial Crisis, Oligarchy, Social Control, Social Engineering, society, State Crime
Tagged austerity, central banks, Economic Collapse, economic inequality, Economics, elites, Federal Reserve, financial crisis, Inflation, Oligarchy
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The Fed Has Loaned $1.2 Billion from its TALF Bailout Program to a Tiny Company with Four Employees
By Pam Martens and Russ Martens Source: Wall Street on Parade Every Wall Street bailout program that the Fed has created since September 17 of last year has, according to the Fed, been ostensibly created to somehow help the average … Continue reading
Posted in Corporate Crime, Corporate Welfare, Corruption, culture, Economics, elites, Financial Crisis, Inequality, Oligarchy, Social Control, Social Engineering, society, State Crime
Tagged Alta Fundamental Advisers, Bailouts, Belstar Management Company, CARES act, coronavirus. pandemic, Corporate Welfare, Covid-19, Economic Collapse, economic inequality, Economics, elites, Federal Reserve, financial crisis, Government Corruption, Oligarchy, Primary Dealer Credit Facility, TALF, Term Asset-Backed Securities Loan Facility
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An Unprecedented 1,640 CEOs Departed in 2019; Now Execs Are Dumping Stock at Highest Pace Since 2006
By Pam Martens and Russ Martens Source: Wall Street on Parade A rather fascinating picture is emerging that suggests that things were not as rosy in the U.S. economic landscape prior to the pandemic as President Donald Trump and his … Continue reading
Posted in Corporate Crime, Corruption, culture, Dystopia, Economics, elites, Financial Crisis, History, Inequality, news, Oligarchy, Recession, Social Control, Social Engineering, society, State Crime
Tagged Economic Collapse, economic inequality, Economics, elites, Federal Reserve, financial crisis, Glass-Steagall Act, Oligarchy, wall street
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How big corporations are draining the life out of a sick America
If today’s companies were truly offering a fair return to the taxpayers who built their businesses, they’d be doing a lot more to ensure that all Americans have the means to support their families. By Paul Buchheit Source: Nation of … Continue reading
Posted in Corporate Crime, Corruption, culture, Dystopia, Economics, Financial Crisis, Inequality, Neoliberalism, news, Oligarchy, Social Control, Social Engineering, society, Technology
Tagged Big Tech, corporate taxes, Economic Collapse, economic inequality, Economics, financial crisis, Free Market, Oligarchy, payroll tax, Plutocracy, Silicon Valley, stock buybacks, tax cheats, technology
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America’s Death March
By Chris Hedges Source: Mint Press News The terminal decline of the United States will not be solved by elections. The political rot and depravity will continue to eat away at the soul of the nation, spawning what anthropologists call … Continue reading
Posted in Activism, Corporate Crime, Corruption, culture, Dystopia, Economics, elites, Empire, Environment, Geopolitics, Health, imperialism, Inequality, news, Oligarchy, Philosophy, Racism, Social Control, Social Engineering, society, State Crime, war
Tagged Anomie, culture, Democracy, Donald Trump, Dystopia, economic inequality, empire, environment, geopolitics, hyper-nationalism, imperialism, Joe Biden, Kleptocracy, Oligarchy, racism, society
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That Change You Requested…?
By James Howard Kunstler Source: Kunstler.com All the previous incidents of white cops killing blacks were just too ambiguous to seal the deal. Michael Brown in Ferguson, Missouri (a murky business); Tamir Rice in Cleveland (waving the BB gun that … Continue reading
Posted in Activism, Authoritarianism, civil liberties, culture, Economics, elites, Financial Crisis, Inequality, news, Oligarchy, police state, Social Control, Social Engineering, society, Sociology, State Crime
Tagged Covid-19, Derek Chauvin, Economic Collapse, economic inequality, Economics, Financial Crash, George Floyd, insurgency, lockdown, Oligarchy, police state, Police Violence, protests, State Crime, Systemic Racism, Uprising
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