"Insanity is making the same mistakes over and over again expecting different results." "If you keep doing what you've been doing, don't be surprised when you keep getting what you've been getting." ~ Narcotics Anonymous While it will take years to sort through the details, Trump’s $2 trillion COVID-19 response is a double-down on Obama's … Continue reading A Trump Bailout to Save the Obama Bailout
C.J. Polychroniou interviews Noam Chomsky edited by O Society April 2, 2020 COVID-19 takes the world by storm. Hundreds of thousands are infected (possibly many times more than the confirmed cases), the list of dead is growing exponentially longer, and capitalist economies have come to a standstill, with a global recession now virtually inevitable. The … Continue reading Chomsky: Ventilator Shortage Exposes the Cruelty of Neoliberal Capitalism
by William Astore edited by O Society March 31, 2020 My dad was born in 1917. Somehow, he survived the Spanish Flupandemic of 1918-1919, but an outbreak of whooping cough in 1923 claimed his baby sister, Clementina. One of my dad’s first memories was seeing his sister’s tiny white casket. Another sister was permanently marked by scarlet fever. … Continue reading Having It Easy in the Beginning, Tough in the End: How My Dad Predicted the Decline of America
Comrade Britney says redistribute the wealth and strike! by Paul Craig Roberts edited by O Society March 25, 2020 After Blowing $4,500,000,000,000 on Share Buy Backs of Their Own Stocks - Now Airlines Want Bailout For Their Sockholders The US airline companies bankrupted themselves by buying back their stock in an enrichment scheme for CEOs and … Continue reading Nationalization and Debt Forgiveness are the Way to End Our Financial Crises
Up“We simply use the computer to mark up the size of the account.” ~ Ben Bernanke Congress has all the firepower it needs. It just needs to send spending instructions to the Federal Reserve, as it always does. Markets Go Berserk as Fed Just Starts Printing More Money Vice-president Dick Cheney famously boasted, “Reagan proved … Continue reading Just Use ‘the Computer’ at the Fed to Give People More Money
Wall Street stocks plunged March 18 as the economic toll from the coronavirus mounts and economists warn of a deep recession. Michael Hudson, author of “… and forgive them their debts” and “Killing the Host,” is president of the Institute for the Study of Long-Term Economic Trends and is distinguished research professor of economics at … Continue reading A Debt Jubilee is the Way to Avoid a Depression
A companion piece to A Culture of Propaganda? by Lawrence Davidson edited by O Society March 11, 2020 Part I: Cheating as a Perennial Problem Cheating - and the lying which is its constant companion - is probably as old as the human species. Not coincidentally, this is probably also how long we have known these traits … Continue reading A Culture of Cheating?