Few Americans know about our nation’s system of immigrant detention centers. Each year, the U.S. government locks up roughly 440,000 immigrants in over 200 immigrant prisons. Companies like the CCA and Geo Group, got started in the 1980s, and have since made over $12 billion in profits, largely from immigrant detention.
The policy of guaranteeing every citizen a universal basic income is gaining support around the world, as automation increasingly makes jobs obsolete. But can it be funded without raising taxes or triggering hyperinflation? In a panel I was on at the NexusEarth cryptocurrency conference in Aspen September 21-23rd, most participants said no. This is my rebuttal.
The pressures of modern life are colossal; for young people — those under 25 years of age — they are perhaps greater than at any other time. Competition in virtually every aspect of contemporary life, a culture obsessed with image and material success, and the ever-increasing cost of living are creating a cocktail of anxiety and self-doubt that drives some people to take their own lives and many more to self-abuse of one kind or another.
Numerous correspondents sent me the latest lengthy Atlantic essay by the brilliant and eloquent but bourgeois Black Identitarian Ta-Nehesi Coates and asked for my reflections. I reluctantly agreed to read and comment on Coates’ long treatise.
The monster of economic waste—over $7 trillion of dictated stock buybacks since 2003 by the self-enriching CEOs of large corporations—started with a little noticed change in 1982 by the Securities and Exchange Commission (SEC) under President Ronald Reagan. That was when SEC Chairman John Shad, a former Wall Street CEO, redefined unlawful ‘stock manipulation’ to exclude stock buybacks.
In the late summer of 2017, the United States was hit by two epic hurricanes, each of which took lives and caused hundreds of billions of dollars in damage. Record-setting wildfires raged on the nation’s West coast and a devastating drought plagued much of the nation’s northern Great Plains.
It’s Labor Day, and that means millions of Americans are celebrating. Most Americans have no idea what Labor Day is, other than self-serving political speeches, hot dogs, burgers, a pool party, and the last day of a three-day holiday. Few even know that Labor Day exists to allow people to remember and honor the struggles for respect, dignity, and acceptable wages and working conditions for the rank-and-file employees.
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.