with Richard D. Wolff
RichardDWolff on Jul 22, 2015
Global Capitalism: Monthly Economic Update
“Winners and Losers in Today’s Shifting Capitalism” Continue reading
with Chris Hedges
TheRealNews on Jul 7, 2015
On Reality Asserts Itself, Chris Hedges and Paul Jay discuss Ferguson, Baltimore and the need to build a movement with candidates that targets white supremacy and corporate capitalism.
Pope Francis’ revolutionary encyclical addresses not just climate change but the banking crisis. Interestingly, the solution to that crisis may have been modeled in the Middle Ages by Franciscan monks following the Saint from whom the Pope took his name.
Back in January upon coming into office, Syriza probably could not have won a referendum on whether to pay or not to pay. It didn’t have a full parliamentary majority, and had to rely on a nationalist party for Tsipras to become prime minister. (That party balked at cutting back Greek military spending, which was 3% of GDP, and which the troika had helpfully urged to be cut back in order to balance the government’s budget.)
The Trans-Pacific Partnership (TPP) – a global corporate noose around U.S. local, state, and national sovereignty – narrowly passed a major procedural hurdle in the Congress by gaining “fast track” status. This term “fast track” is a euphemism for your members of Congress – senators and representatives – handcuffing themselves, so as to prevent any amendments or adequate debate before the final vote on the Trans-Pacific Partnership – another euphemism that is used to avoid the word “treaty,” which would require ratification by two-thirds of the Senate. This anti-democratic process is being pushed by “King Obama” and his royal court.
`Let the jury consider their verdict,’ the King said, for about the twentieth time that day.
`No, no!’ said the Queen. `Sentence first–verdict afterwards.’
`Stuff and nonsense!’ said Alice loudly. `The idea of having the sentence first!’
`Hold your tongue!’ said the Queen, turning purple.
`I won’t!’ said Alice.
`Off with her head!’ the Queen shouted at the top of her voice. — Lewis Carroll, Alice’s Adventures in Wonderland
June 17, 2015
“Maybe every so often we can be on the side of the American people,” Rep. Jose Serrano said, “and not corporations.”
Those are fighting words — but unfortunately the House majority doesn’t seem to be heeding them. Not when it comes to Net Neutrality.
TheRealNews on Jun 15, 2015
UMKC professor of economics Michael Hudson explains how the bond-buying program helps keep interest rates low for everyday people but has also shored up bad mortgage loans of corrupt banks.
It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. — Attributed to Henry Ford
In March 2014, the Bank of England let the cat out of the bag: money is just an IOU, and the banks are rolling in it. So wrote David Graeber in The Guardian the same month, referring to a BOE paper called “Money Creation in the Modern Economy.” The paper stated outright that most common assumptions of how banking works are simply wrong. The result, said Graeber, was to throw the entire theoretical basis for austerity out of the window.
Updated: June 12, 2015
with Chris Hedges
talkingsticktv on Jun 9, 2015
Talk by Chris Hedges author of “The Wages of Rebellion: The Moral Imperative of Revolt” recorded June 8, 2015 at Town Hall Seattle.
Democracy Now! on Jun 2, 2015
Despite the Senate vote approving a measure to give President Obama fast-track authority to negotiate the secretive Trans-Pacific Partnership deal, opposition to the deal continues to mount ahead of this month’s House vote. Critics, including a number of Democratic lawmakers, oppose the TPP, saying it will fuel inequality, kill jobs, and undermine health, environmental and financial regulations. The negotiations have been secret, and the public has never seen most of the deal’s text. Well, this morning the whistleblowing group WikiLeaks launched a campaign to change that. The group is seeking to raise $100,000 to offer what they describe as a bounty for the leaking of the unseen chapters of the TPP. We speak to WikiLeaks founder Julian Assange. Continue reading
TheRealNews on May 26, 2015
Michael Hudson says fast track legislation takes decision-making power out of the hands of the legislators and puts it in the hands of corporate lobbyists.
with Chris Hedges
TheRealNews on May 19, 2015
Chris Hedges and Bob Scheer conclude their conversation about Scheer’s latest book They Know Everything About You: How Data-Collecting Corporations and Snooping Government Agencies Are Destroying Democracy.