I'm not the most regular blogger. I really do strive to post daily, it often doesn't work out. Sometimes my schedule pinched. Other times, health issues get in the way (ever try to write with a toothache?). But then there are times when the news makes me so angry I can't find civil words that … Continue reading Occupy Wall Street Meets Fahrenheit 451 – Whose Property Rights?
Washington's Blog reminds us that things got ugly during the last prolonged depression in the United States. This interesting historical footage from the Great Depression shows what happens when large numbers of people are unemployed for years at a time, get desperate, and perceive that the game is rigged to the benefit of Wall Street. … Continue reading The Economy Has Caused Riots Before – In the Great Depression
Berkeley Professor and former U.S. Department of Labor Secretary Robert Reich has put together a good, short 2 minute 15 second video that explains a large part of what's happened to the economy over the last 30 years. In summary, Reich connects five "dots": The economy has doubled since 1980 but wages have been flat. … Continue reading Robert Reich Connects The Dots to Tell What’s Happened To Our Economy In 2 Minutes
The banking and finance industry is broken. We need overhaul and need it badly. Exhibit #1 from Yves Smith at Naked Capitalism: Indefensible Men Since inequalities of privilege are greater than could possibly be defended rationally, the intelligence of privileged groups is usually applied to the task of inventing specious proofs for the theory that … Continue reading Banking Welfare Queens – part I