Matt Taibbi concluded that the 2008 Wall Street bailout had “built a banking system that discriminates against community banks, makes Too Big to Fail banks even Too Bigger to Failier, increases risk, discourages sound business lending and punishes savings by making it even easier and more profitable to chase high-yield investments than to compete for small depositors.” In this post-crash environment, the largest financial institutions gained more of a hegemonic grip than ever, with the five biggest banks having come to own almost half the industry by 2015.
Waking from the Ancient Madness of Ownership
leftymathprof on Jan 24, 2020
For thousands of years we’ve endured wars, poverty, and other cruelties, all unnecessary. And now the madness is about to kill all of us with a climate apocalypse, which is coming much bigger and faster than most people realize. These problems can all be traced to a practice that we have long accepted as normal: the practice of not sharing with our cousins. Trade increases inequality, making corruption and plutocracy inevitable. Competition makes us insane. To avoid extinction we’ll need two revolutions.
Is there no limit to the lethal and authoritarian absurdity of America, land of mass gun massacres like Virginia Tech, Sandy Hook, Aurora, Orlando, Las Vegas, Parkland, and now El Paso and Dayton among other pockmarked sites?
with Chris Hedges
RT America on Sep 4, 2019
Why does the US tolerate levels of poverty comparable to the least developed parts of the world? Pulitzer-winning journalist, author and host of “On Contact” Chris Hedges joins Rick Sanchez to share his insights. He explains how vast swaths of the US and its people are “sacrifice zones” to rapacious capitalism.
Updated: July 29, 2019 to add the Author’s note
“Nothing appears more surprising to those who consider human affairs with a philosophical eye, than the easiness with which the many are governed by the few; and the implicit submission, with which men resign their own sentiments and passions to those of their rulers.” — David Hume, “Of the First Principles of Government”, 1768.
Documentary that looks at the concept of the corporation throughout recent history up to its present-day dominance. Since the late 18th century American legal decision that the business corporation organizational model is legally a person, it has become a dominant economic, political and social force around the globe.
Paradise or Extinction
leftymathprof on Jun 8, 2019
The climate apocalypse will soon kill all of us (including the plutocrats), if we don’t take drastic measures right away. But the plutocrats are blocking those measures, because they don’t want anything cutting into their short-term profits. In this video I discuss the crazy culture that has us headed toward extinction. To survive, we need an immense cultural change.
Plutocrats like to control the range of permissible public dialogue. Plutocrats also like to shape what society values. If you want to see where a country’s priorities lie, look at how it allocates its money. While teachers and nurses earn comparatively little for performing critical jobs, corporate bosses including those who pollute our planet and bankrupt defenseless families, make millions more. Wells Fargo executives are cases in point. The vastly overpaid CEO of General Electric left his teetering company in shambles. In 2019, Boeing’s CEO got a bonus (despite the Lion Air Flight 610 737 Max 8 crash in 2018). Just days before a second deadly 737 Max 8 crash in Ethiopia.
Updated: May 22, 2019
For all the rhetoric and all the charities regarding America’s children, the U.S. stands at the very bottom of western nations and some other countries as well, in terms of youth well-being. The U.S.’s exceptionalism is clearest in its cruelty to children. The U.S. has the highest infant mortality rate of comparable OECD countries. Not only that, but 2.5 million American children are homeless and 16.2 million children “lack the means to get enough nutritious food on a regular basis.”
Updated: May 20, 2019
Progressives are fooled by the corporate news media, who are paid to lie about wars, climate, economics, everything. Progressives believe the abuses in capitalism can be removed through reforms; they haven’t realized that the abuses are capitalism. A simple analysis shows that inequality, externalities, and alienation are terrible evils inherent in every version of capitalism.
A Wannabe Strongman’s Brown Menace Straw Man
Everyone with five functioning gray cells knows that the aspiring fascist strongman Donald Trump’s Declaration of a National Emergency on the U.S.-Mexico border is absurd.
There is no “national security crisis” of illegal immigration on the southern United States border.
leftymathprof on Mar 12, 2019
The world is falling apart, and reforms won’t suffice. “End capitalism” is a good start, but ultimately too simple an explanation. We need to end hierarchy and property, because they concentrate power, which corrupts. Separate property requires markets, which cause increasing inequality, alienation, and externalities. The externalities include war, poverty, and climate change. Climate change will kill us all soon if continued.
So often, underlying structures and institutions of oppression escape serious scrutiny amid our country’s most high-profile political dramas. Take the recent conviction of Jason Van Dyke, the white Chicago police officer caught on tape four years ago firing 16 shots into 17-year-old Laquan McDonald.