The Myth Of A ‘Skills Gap’ And Our Phony ‘Education Crisis’

By: Monday March 31, 2014 10:14 am

Ask a Neoliberal why trickle down economics is not working in America and there are a few standard excuses offered. The excuses range from the fringier “inner city people are lazy” to the boilerplate “government is distorting markets” to the more establishment friendly “it’s a lack of education.” Let’s put racial dog whistles and reactionary [...]

Late-Campaign Pledges Show American Mythologizing of Business

By: Tuesday October 30, 2012 8:30 am

Just as a reminder of how captured our government has become, President Obama has embarrassingly floated the prospect of a Secretary of Business for his second term. First of all, we already have a Secretary of Commerce, which is pretty much an irrelevant federal agency. So much so, in fact, that the President has proposed [...]

Brutal 30-Minute Anti-Romney Attack Ad Released

By: Thursday January 12, 2012 7:01 am

The full 30-minute attack ad called “When Mitt Romney Came to Town” is out, and it is really hardcore. Dolloped with a hint of xenophobia (Romney speaks French in the film twice), the film features the roadkill from the freight train of vulture capitalism, the workers who had the misfortune of getting caught up in [...]

BREAKING: CEO Takes Responsibility for Actions of His Company

By: Friday May 20, 2011 1:50 pm

Masataka Shimizu, the head of the Japanese utility TEPCO, resigned today after the nuclear accident in the wake of the earthquake and tsunami that hit the country in March. Workers are still trying, with varying degrees of success, to get the Fukushima Daiichi nuclear plant under control. “I take responsibility for this accident, which has [...]

Afghans Show Distrust of American-Style Capitalism

By: Thursday September 9, 2010 12:19 pm

I just can’t imagine what kind of problem that Afghans would have with capitalism, after watching the buildings holding all their money slam their doors shut, and any efforts to pry them open met with beatings from the state: This rapid turnabout in Kabul Bank’s fortunes has led Afghans to question whether Western-style free-market capitalism [...]

House GOP Wages War on Strategic Defaults

By: Thursday June 10, 2010 3:11 pm

I think this article I wrote about people no longer paying their mortgages ended up with as many comments as anything I’ve written at FDL. As it turns out, some others noticed the trend as well – House Republicans. And they are shocked, shocked that people would dare to consider behaving in their economic self-interest. [...]

Industry, Government Failures in Oil Spill, Other Disasters Mark Inability to Price Risk

By: Wednesday June 2, 2010 11:19 am

Apparently the latest effort to slow down (but not stop) the oil gusher in the Gulf of Mexico has run aground when a saw got stuck while cutting through a pipe that would, if separated, make it easier to funnel some of the leaking oil into a tanker. You can see where this is going, [...]

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