Tag Archives: wall street

CEOs should have been the fall guys; why are they still heroes?

By Carl Rhodes Source: aeon On 15 September 2008, the giant financial services firm Lehman Brothers filed for bankruptcy, starting a chain reaction that saw the global economy spiralling toward total collapse. The global financial crisis that ensued revealed just … Continue reading

Posted in Authoritarianism, conditioning, Corporate Crime, culture, education, elites, Financial Crisis, History, Inequality, Neoliberalism, Oligarchy, Psychology, Recession, Social Control, Social Engineering, society, Sociology | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Wealth of 400 richest Americans hits record $2.9 trillion

By Alec Anderson Source: WSWS.org On Wednesday, the US finance magazine Forbes released its annual “Forbes 400” list of wealthiest Americans, revealing an immense increase in wealth among the top social stratum in the United States. The total net worth … Continue reading

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The USA Is Now a 3rd World Nation

By Charles Hugh Smith Source: Of Two Minds I know it hurts, but the reality is painfully obvious: the USA is now a 3rd World nation. Dividing the Earth’s nations into 1st, 2nd and 3rd world has fallen out of favor; apparently it … Continue reading

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Amazon and Apple: Wall Street’s Trillion Dollar Babies

By Dean Baker Source: CounterPunch Last month Amazon joined Apple, becoming the second company in the world to have a $1 trillion market capitalization. Amazon’s accomplishment didn’t cause quite as much celebration as Apple’s – it pays to be number … Continue reading

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What’s Wrong with the Economy: 9 Toxic Dynamics

By Charles Hugh Smith Source: Of Two Minds These nine dynamics are mutually reinforcing. Beneath the surface signals of an eternally rising stock market and expanding GDP, we all sense something is deeply, systemically wrong with the U.S. economy. These … Continue reading

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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 Coming Collapse

By Chris Hedges Source: Occupy.com The Trump administration did not rise, prima facie, like Venus on a half shell from the sea. Donald Trump is the result of a long process of political, cultural and social decay. He is a … Continue reading

Posted in Activism, Authoritarianism, censorship, civil liberties, Corporate Crime, corporate news, Corruption, culture, Dirty Politics, divide and conquer, Dystopia, Economics, elites, Empire, Environment, Financial Crisis, Health, Inequality, media, Philosophy, police state, propaganda, Psy-ops, Recession, Social Control, Social Engineering, society, State Crime | Tagged , , , , , , , , , , , , , , , , , , , , , | 4 Comments

Assets of world’s “high net wealth” millionaires surged to $70 trillion in 2017

By Barry Grey Source: WSWS.org The concentration of the planet’s wealth in the hands of a narrow financial elite is growing by leaps and bounds. A new report published Tuesday reveals that the wealth of the world’s 18.1 million “high … Continue reading

Posted in Corporate Crime, Corruption, culture, Dystopia, Economics, elites, Empire, Financial Crisis, Neoliberalism, Social Control, Social Engineering, society, State Crime | Tagged , , , , , , , , , , , , , , , , , , , | 1 Comment