In a special edition of On Contact, Chris Hedges travels to the former auto manufacturing town of Anderson, Indiana to explore how a community and its workforce are recovering after the loss of thousands of union jobs.
In this episode of the Keiser Report Max and Stacy discuss the coming sequel to the global financial crisis and the bond bubble warnings from Alan Greenspan. In the second half Max interviews Dr. Michael Hudson about Trumponomics, anti-trust, repeat banking offenders and his father’s proverbs.
While walking through New York’s Little Italy, I passed a novelty shop that displayed posters and T-shirts of Benito Mussolini giving the fascist salute. When I entered the shop and asked the clerk why such items were being offered, he replied, “Well, some people like them. And, you know, maybe we need someone like Mussolini in this country.” His comment was a reminder that fascism survives as something more than a historical curiosity.
Rising stock prices is not an indicator of financial health like Trump would have you believe, specially when you examine who is buying that stock, says economist Michael Hudson, the author of Killing the Host: How Financial Parasites and Debt Destroy the Global Economy.
Illinois is teetering on bankruptcy and other states are not far behind, largely due to unfunded pension liabilities; but there are solutions. The Federal Reserve could do a round of “QE for Munis.” Or the state could turn its sizable pension fund into a self-sustaining public bank.
“Love your neighbor” is not enough — it is subverted by hierarchy and property, which seem “normal” but are the causes of all our problems — war, poverty, alienation, the destruction of the ecosystem, etc. Hierarchy and the market both concentrate power, which corrupts. The solution begins with getting more people talking about it.
On this week’s episode of On Contact, Chris Hedges travels to Cambridge, Massachusetts for a conversation with America’s most important intellectual, Professor Noam Chomsky. In Part II of their conversation, Chomsky discusses the principles of concentration of wealth and power that are defined in his latest book, Requiem for the American Dream.
On this week’s episode of On Contact, Chris Hedges travels to Cambridge, Massachusetts for a conversation with America’s most important intellectual, Professor Noam Chomsky. In Part I of their conversation, Chomsky discusses the adverse effects of neoliberalism on the working class, as addressed in his book, Requiem for the American Dream: The 10 Principles of Concentration of Wealth & Power.
Imperialism, explains renowned economist Jayati Ghosh – whether explicit or implicit – is about the struggle to control economic territory such as markets, workers & labor, natural resources and new kinds of markets that are developed.
I would argue that the best summation of Christian ethics is found in the sermon on the plain in Luke 6:20–49. What I love about the sermon on the plain is just how radical it seems on the surface, it seems almost impossible; however, when you think about what it’s saying, and think about it deeply—it makes sense. Probably my favorite example of this is found in Luke 6:34–35 (NRSV): Continue reading →
Higher interest rates will triple the interest on the federal debt to $830 billion annually by 2026, will hurt workers and young voters, and could bankrupt over 20% of US corporations, according to the IMF. The move is not necessary to counteract inflation and shows that the Fed is operating from the wrong model.