1%er Warns Fellow Plutocrats Neoliberalism Will Lead To Violent Class Revolution

By: Friday June 27, 2014 10:58 am

Though Charles and David Koch may be grabbing the headlines promoting a 1% neo-feudal agenda, not everyone in the upper echelons of the American plutocracy is on board. Nick Hanauer, a super rich venture capitalist, recently wrote a piece condemning neoliberalism – often called “trickle-down economics” – saying the current economic system is not only [...]

China To Become World’s Leading Economy This Year

By: Wednesday April 30, 2014 9:26 am

Can we finally write off neoliberalism as a bad idea? Due to alterations in how the World Bank calculates wealth China is set to surpass the United States as the world’s largest economy this year. Previous predictions imagined China overtaking the US in the next decade. While America’s once robust middle class shrivels and opportunity [...]

Rush Limbaugh Calls Pope Francis ‘Marxist’

By: Thursday November 28, 2013 8:40 am

Unlike many, Rush Limbaugh found Pope Francis’ rebuke to neoliberalism entirely out of step with Christian values. In fact, Limbaugh claimed it was “pure Marxism coming out of the mouth of the pope.” Which is stunning on a number of levels. First and foremost Marxism is expressly atheist which would prove problematic for the head [...]

Pope Francis Slams Neoliberalism In First Major Writing Of Papacy

By: Tuesday November 26, 2013 9:02 am

Opus Dei, call your office. Pope Francis, in his first major writing since taking office, has issued a rigorous and comprehensive denunciation of Neoliberalism. Called his Apostolic Exhortation, the writing makes clear that Pope Francis regards modern capitalism and the political movement promoting it to be antithetical to the teachings of Jesus. No to an [...]

House Democrats Reject Fast-Track Power For TPP

By: Thursday November 14, 2013 8:30 am

As information leaks about secret provisions of the Trans-Pacific Partnership (TPP), opposition to the sovereignty-killing trade agreement is building in Congress. More than 150 House Democrats have publicly stated they oppose giving President Obama fast-track trade authority for TPP. It appears some in Congress have learned their lesson from NAFTA and the WTO – that “free trade” [...]

Second Largest Employer In America Is Temp Agency

By: Tuesday July 9, 2013 10:01 am

If we keep saying recovery over and over again, maybe it will become true. Until then the facts are harsh. The job market is atrocious with most Americans coming off the unemployment rolls by either giving up working or taking low-paying part time and temporary jobs. This phenomenon is perhaps best exemplified in that the [...]

Obama Budget Proposes Privatizing Tennessee Valley Authority

By: Friday April 12, 2013 5:28 am

Does President Obama have some unresolved animosity towards FDR? Obama’s budget not only cuts Social Security but is seeking to privatize the Tennessee Valley Authority. Buried on page 51 of President Obama’s new budget proposal is a short section titled “Reform TVA” — where “reform” is likely to mean “privatize.” It’s the quiet beginning of a [...]

Margaret Thatcher (1925-2013)

By: Monday April 8, 2013 9:53 am

“They are casting their problems at society. And, you know, there’s no such thing as society. There are individual men and women and there are families. And no government can do anything except through people, and people must look after themselves first. It is our duty to look after ourselves and then, also, to look [...]

Thoughts on Freddie DeBoer’s Self-Limiting Critique of the Blogosphere

By: Tuesday January 18, 2011 2:09 pm

Marcy has offered some thoughts on the Freddie DeBoer article that has everybody buzzing, and maybe I should offer my own. I thought that it was a dumb article. OK, not dumb, but needlessly myopic. Because by asserting that the blogosphere “lacks a left wing” and then defining that left wing without actually incorporating the [...]

HAMP Is Hurting Liberalism

By: Monday July 26, 2010 8:10 am

I wanted to circle back to this point I made on our foreclosure panel that I really do think expresses both the frustration and the danger I and some other commentators are feeling about the situation. Simply put, HAMP is hurting liberalism. It’s putting a face of bureaucratic incompetence on a program designed to help [...]

Export Plan Appears To Be A Hope China Un-Pegs Its Currency

By: Friday February 5, 2010 10:39 am

At the State of the Union, President Obama announced a plan to double US exports by 2015. The plan was to… double US exports by 2015. It was a Whip Inflation Now kind of moment. But yesterday, Commerce Secretary Gary Locke provided more details on this strategy to double exports. I have to say, after [...]

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