3 September 2020

In the Worst of Times, the Billionaire Elite Plunder Working Class America

recession 2020

[Photo: Graphic by Elchinator on Pixabay]

By Nick Baker
Source: Counterpunch

Editor's Note
Remember back to the crash of 2002 when Shrub, excuse me, George W. Bush was president? It was a bad time for so many as the dot.com bubble burst. Internet-related businesses were largely speculative and much of the wealth was nothing but the paper it was written on. As we scrambled out of that pit, Shrub was caught talking about the “jobless recovery” – meaning that the stock market was recovering (also not worth anything but sentiment), but job gains were lagging far behind stock gains. It was the first time (in my lifetime) where the gap between Wall Street and Main Street became so glaring. Since then the wellbeing of Wall Street has consistently superseded that of the people, including in our current pandemic crash.

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Category: Capitalism, Covid-19, Economy, Guest, Social (In)Justice, The .01% | Comments Off on In the Worst of Times, the Billionaire Elite Plunder Working Class America
4 May 2020

Virus: All that is Solid Melts into Air

[Photo: Armed protestors inside the Michigan statehouse. Clipped from a Guardian video, 4/30/2020.]

By Boaventura de Sousa Santos
Source:  Zmag

Editor's Note
The human mind seeks meaning in the world whether or not there is meaning to be found. In this sense, we are all inherently conspiracy theorists. Oh, how complex when there actually is meaning. How do we tell the real from the fabricated? How do we tell when we are being lead astray? It would seem that some of us have a difficult time telling when we are being manipulated; when false equivalencies are proffered; when there is a constantly shifting narrative that flies in the face of what we are experiencing. It would seem impossible for anyone to watch the daily “briefings” by Trump and not have a sense of the surreal as he crafts and recrafts his reality. But therein lies the fly in our ointment as there are those who join the president in the rainbow world he paints and shows up with loaded long guns in the chamber of the Michigan congress “protesting” that the state should end social distancing orders.

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Category: Activists, Guest, History and Patterns, Ideology, Lies Damn Lies - Propaganda, Neoliberalism, Social (In)Justice, The .01%, Trump | Comments Off on Virus: All that is Solid Melts into Air
20 January 2020

Trump’s Economy Is an Absolute Disaster for People and the Planet

GOP elephant throws money rolls to wealthy on the backs of social programs and those in need

[Graphic: Tax Cut Pass (Pat Bagley, Salt Lake Tribune, UT)]

By Joseph Stiglitz
Source:  CommonDreams

Editor's Note
I gnash my teeth every time I hear that the economy is so good – a claim made by “liberal” corporate media, right-wing corporate media, Trump, and others. It seems one of the few things that everyone agrees on across party and ideological lines, and IT IS A LIE. So you can imagine my joy when I read Joseph Stiglitz’s article.

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Category: Capitalism, Classism, Guest, The .01% | Comments Off on Trump’s Economy Is an Absolute Disaster for People and the Planet
28 December 2019

World’s 500 Richest People Gained $1.2 Trillion in Wealth in 2019: Analysis

Monopoly Men race to the finish line and off a cliff

[Graphic: “Race to the Bottom” (Rowan Wolf, 12/26/2019)]

By Jake Johnson
Source: CommonDreams

Editor's Note
Wow! Five hundred people and $1.2 trillion MORE wealth in ONE year. If my decimals aren’t slipping, I believe that averages out to $2.4 billion a piece. What a pittance. If we are talking 500, that is a small town and surely all of them have names – and they do. Bezo’s is the richest with $116 billion after more than an $8 billion in losses, and Gates is second with $113 billion after $22.7 billion in gains. Bezo has held on pretty well given the relentless attacks by the President of the United States. At the bottom of the Bloomberg billionaires, richest 500 are Masahiro Miki of Japan (+$866mil) and Mark Cuban worth (+$450mil) are tied at $4.35 billion.

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Category: Bear Witness, Environment, Guest, Social (In)Justice, The .01% | Comments Off on World’s 500 Richest People Gained $1.2 Trillion in Wealth in 2019: Analysis
18 November 2019

Why aren’t Americans rising up like the people of Chile and Lebanon?

Mass protests in Chile at Plaza Baquedano 2019

[Photo: Mass protests in Chile at Plaza Baquedano 2019 (Hugo Morales)]

By Medea Benjamin and Nicolas J.S. Davies
Source:  Znet

Editor's Note
Benjamin and Davies, and bunches of us who lived through the mass resistance to Vietnam and the culture wars of the 1960s and 70s, are asking “Why aren’t the people of the U.S. rising up?” I think the answer is complex, but we may also need to widen our field of vision.

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Category: Activists, Corporate - Corporatization, Divine Mission?, Extremism, Guest, Ideology, Lies Damn Lies - Propaganda, Mechanisms of Contrrol, Politics, Pull Right - Fascism, The .01% | Comments Off on Why aren’t Americans rising up like the people of Chile and Lebanon?