In this episode of the Keiser Report, Max and Stacy discuss friends of Bill (Clinton) and the remarkable fortunes they’ve made landing lucrative aid contracts. In the second half, Max interviews Dr. Michael Hudson about his new book, J is for Junk Economics and about the US presidential candidates’ economic plans.
On this week’s episode of On Contact, Chris Hedges sits down with economist Mark Blyth to discuss the detrimental ramifications of austerity programs following the 2008 financial crisis. Professor Blyth, author of “Austerity: The History of a Dangerous Idea” addresses the political effects of the spending cuts and considers why the elites will not take responsibility for the fallout. RT Correspondent Anya Parampil examines the impact austerity measures have had on the American working class and the poor since 2008.
In the first episode of ‘On Contact’, host Chris Hedges discusses the global revolt against corporate capitalism with radical intellectual and author Tariq Ali. Ali talks about how the world banking system got Greece and other European countries in trouble, and how big capital may be behind the impeachment of Brazilian president Dilma Rousseff. RT Correspondent Anya Parampil joins the show with a report on global inequality.
Over and above the greed and corruption of wealthy and powerful individuals, the leaked ‘Panama Papers’ revealed the need for a worldwide, standardised tax code, as part of a radical new global economic model. Not globalisation – which is ideologically based, designed by the ruling elite and set up to serve the interests of national and multi-national corporations and banks, but a new and just system designed to meet the needs of everyone, with sharing and social justice at its heart.
Like Bill Gates, George Soros, Warren Buffett and H. Ross Perot, but not as lofty, I was once called a “self-made man”. I was an entrepreneur who had co-founded over forty businesses in my career and had accumulated wealth that put me well within the top 0.01 of 1%. If people had something good to say about me, they would say I was a “marketing genius” and that I had the “Midas touch”; everything I touched turned to gold.
Yanis Varoufakis considers himself a politician by necessity, not by choice. An economist and academic by training, he became Greece’s finance minister amidst the country’s financial crisis, creating an image for himself both beloved and reviled. He discusses his complicated role in his new book, And the Weak Suffer What They Must?: Europe’s Crisis and America’s Economic Future, and on the LIVE stage alongside renowned academic and theorist Noam Chomsky.
One day, my business partner leaned over to me and said, “Remember, we are so rich because they are so poor.” That is how he patiently explained to his younger partner why our workers should not get a raise above minimum wage. He could just as well have said, “They are so poor because we are so rich.” We were farming thousands of acres, had whole communities that worked for us and were making money faster than we could have ever dreamed. The plight of the workers just didn’t matter. What was important to my partner was that we lived in houses with marble floors while our farmworkers lived on dirt.
Apparently, if you’ve seen the news, the leaked Panama Papers, from the “tight lipped” (Economist) Panamanian law firm Mossack Fonseca & Co, are spilling the beans on the details of what the rich, powerful and greedy “beyond avarice” get up to with unseemly amounts of dosh, in 214,488 offshore tax havens. Mossack Fonseca & Co has been under investigation and intense scrutiny for some time. Ken Silverstein contributing editor for Vice who had cased the Mossack Fonseca & Co joint, two years before the Panama Papers disclosure, writing: “If shell companies are getaway cars for bank robbers, then Mossack Fonseca may be the world’s shadiest car dealership.” True but the Mossack Fonseca shenanigans are part of the problem but not the endemic problem. The endemic problem is American financial hegemony. Mossack Fonseca’s offices have just been raided almost certainly because Panamanian politicians and their dealers (they are all in need of a fix) will be implicated in all sorts of sordid stuff. And one expected that.
Exposing tax dodgers is a worthy endeavor, but the “limited hangout” of the Panama Papers may have less noble ends, dovetailing with the War on Cash and the imminent threat of massive bail-ins of depositor funds.