Somewhere Karl Marx is shaking his shaggy head and smiling. When a bastion of the capitalist right, Time Magazine, publishes an article validating ANYTHING Karl Marx said can Armageddon be far behind? I am most definitely not an economist. Show me a budget report or some financial spread sheet and my eyes glaze over in stupor, but lately I have been reading with some fascination many unflattering reports on the sacred free market. The imaginary capitalist guiding hand of self-regulation and its sister, the imaginary self-leveling playing field are, all of a sudden, being called into question. What is going on?!
The catalyst for this con
Senator Bernie Sanders sits down with Salon to talk inequality, the GOP, and whether or not he'll run for president.
by Thomas Frank
SUNDAY, SEP 28, 2014 07:00 AM EDT
Bernie Sanders is a legendary political independent from Vermont. Over the years, he has served as mayor of Burlington, the largest city in that state; as a member of the House of Representatives; and (currently) as a United States Senator. We met last week in his office in one of the Senate office buildings in Washington, D.C., and discussed the Clinton years, the way to beat the Right, and whether or not he should run for president in 2016. Needless to say,
February 21, 2014
by Mike Lofgren
Rome lived upon its principal till ruin stared it in the face. Industry is the only true source of wealth, and there was no industry in Rome. By day the Ostia road was crowded with carts and muleteers, carrying to the great city the silks and spices of the East, the marble of Asia Minor, the timber of the Atlas, the grain of Africa and Egypt; and the carts brought out nothing but loads of dung. That was their return cargo.
– The Martyrdom of Man by Winwood Reade (1871)
There is the visible government situated around the Mall in Washington, and then there is another, more shadowy, more
401(k)s Are Robbery: The Attack on Social Security
JAMES W. RUSSELL
SATURDAY, MAY 10, 2014 02:00 PM EDT
On the eve of the Reagan presidency in 1980, Milton and Rose Friedman published “Free to Choose,” a proposal for gradually phasing out Social Security. The entitlements of retirees would be honored as would the accumulated credits of contributors who had not yet retired. But no new payroll taxes would be collected. The final elimination of Social Security would allow “individuals to provide for their own retirement as they wish.” Among the advantages would be that “it would add to personal saving and so lead to a higher rate of capital formati
Were I prone to conspiracy theories,I would suggest the reason poasterchild hasn't posted anything since August 2014 is because one of his politically-charged pieces angered somebody of considerable power,and this person chose to act on his emotional whim.....