( Inequality.org) – Great wealth can do great damage. Grand personal fortunes, we’ve come to understand, can menace our democracy and distort our economic life. But these fortunes can also wreak a much more hidden havoc: They can mess up the minds of people who hold them. Great fortunes can leave their owners feeling supremely […]
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Neoliberalism
The Path to a Livable Future: Or Will Rich Corporations Trash the Planet?
By Noam Chomsky and Stan Cox | – ( Tomdispatch.com) – This month will mark a critical juncture in the struggle to avoid climate catastrophe. At the COP26 global climate summit kicking off next week in Glasgow, Scotland, negotiators will be faced with the urgent need to get the world economy off the business-as-usual track […]
Our Future vs. Neoliberalism
( Code Pink) – In country after country around the world, people are rising up to challenge entrenched, failing neoliberal political and economic systems, with mixed but sometimes promising results. Progressive leaders in the U.S. Congress are refusing to back down on the Democrats’ promises to American voters to reduce poverty, expand rights to healthcare, […]
Make them Pay Up: Pandora Leaks show that the Super-Rich rob Public of $200 bn a year in lost Tax Revenues
( Foreign Policy in Focus ) – The rich have always flaunted their wealth. It was rarely good enough to enjoy financial success, you had to be conspicuous about it. They build enormous homes for everyone to gawk at. They throw lavish parties. They commission paintings, statues, biographies. They endow institutions so that their names […]
Could Lebanon, Looted and mismanaged by its Plutocrats, become a Failed State?
By Tony Walker | – In the midst of a pandemic that has wrenched the world off its axis, Lebanon’s precipitous decline has not received the attention it deserves given the country’s strategic importance. Bordering Syria to its north and east, and Israel to its south, Lebanon occupies a critical space in the Eastern Mediterranean. […]
Arguing with Sen. Joe Manchin
As I write this piece the so called moderate Democrats are locked in combat with the party’s progressives, but what issues besides numbers to be appropriated receive scant attention. Since Senator Manchin plays so pivotal a role in this conflict it is imperative that progressives understand from where he is coming and formulate careful responses. […]
Sen. Kyrsten Sinema angers Progressives, draws support of 40% of Republicans
By Diannie Chavez and Brenda Rivas | – ( Cronkite News ) – WASHINGTON – Arizona Sen. Kyrsten Sinema’s refusal to back the Biden administration’s $3.5 trillion social and clean-energy spending package has made her a target for Democrats – and possibly “the most powerful person in Washington right now,” one analyst said. It’s not […]
How Sen. Joe Manchin’s support for natural gas could derail Biden’s US climate plan
By Michael Oppenheimer | – ( The Conversation) – President Joe Biden has a goal for all U.S. electricity to come from zero-carbon sources by 2035. To get there, he’s counting on Congress to approve an ambitious package of incentives and penalties designed to encourage utilities to clean up their power sources. That plan, part […]
If even the Democratic Party can’t raise Taxes on the Super-Rich, is the US even a Democracy Any More?
Southwest Harbor, Maine (Special to Informed Comment) – The struggle over efforts to revise and reform the tax code offers left and labor activists as well as the “democratic wing” of the Democratic Party an opportunity to test its strength and to clear up some widely circulated but misleading facts about the distribution of wealth […]