TeleSur | – – The world will have its first trillionaire in only 25 years, the organization found. Just eight individuals, all men, own as much wealth as half of the world’s population, Oxfam said Sunday night, slamming the rich for fueling global inequality by dodging taxes, driving down wages and using their power to […]
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Economy
In the Age of Trumpian Reaction, is MLK’s Legacy to the 99% being Reversed?
By Juan Cole | (Informed Comment) | – – Reaction has two main meanings in English. One is to respond to some new situation (not specifying the nature of the reaction). The other is to resist some innovation. In this second sense, a reactionary is one who wants to go back to a previously existing […]
6 Lessons From Nonviolent Organizing for Resisting Trumpism
The Beautiful Trouble Team | ( Waging Nonviolence ) | – – Trouble vs. Trump Drawing from the Beautiful Trouble and Beautiful Rising toolboxes, here are six key concepts that may prove useful to movements preparing to resist Donald Trump’s presidency. 1. Clinton’s neoliberal ‘realism’ lost the election. Now what? Theory: Neoliberalism In sum: Neoliberalism, […]
Welcome to Psychopathocracy
Ann Arbor (Informed Comment) – We are now on the brink of a new form of government, undreamed of by Aristotle, who spoke of monarchy, aristocracy and democracy. We are headed to a psychopathocracy, which has something in common with the degraded form of classical regime types that Aristotle warned against (he thought monarchy can […]
Exxon’s Rex Tillerson and the rise of Big Oil in American politics
Brian C. Black | (The Conversation) | – – “How Big Oil Bought the White House and Tried to Steal the Country” is the subtitle of a book that tells the story of a presidential election in which a candidate allowed money from big oil companies to help him win office and then rewarded them […]
Even in the Trump Era, Inequality can be Reduced
By Josh Hoxie | (Otherwords.org) | – – With Washington looking hopeless, it’s up to local communities to close the gap between the richest and the rest. In a lot of ways, 2016 was a big year for reducing inequality. Five states raised their minimum wage through citizen-led ballot initiatives. A job-killing free trade agreement, […]
Trump’s Extreme Oligarchy
By Simon Johnson | ( Project Syndicate) | – – WASHINGTON, DC – US President-elect Donald Trump is filling his cabinet with rich people. According to the latest count, his nominees include five billionaires and six multimillionaires. This is what is known as oligarchy: direct control of the state by people with substantial private economic […]
Remember when Dems were blasted for Class War? Meet Trump’s Cabinet
By Sam Pizzigati | ( Institute for Policy Studies) | – – Donald Trump and the business kingpins populating his inner circle want to slice the tax bill of America’s top 0.1 percent. In a typical corporate board of directors meeting, what do CEOs see when they look out across their richly lacquered boardroom tables? […]
America’s Rigged Casino of Wealth and Power: Trump’s New Gilded Age
By Sam Pizzigati | ( Inequality.org In the years right after World War II, average Americans got ahead. Now Americans are getting headaches — from a ferociously top-heavy distribution of the nation’s income. In every society, some people hold more wealth than other people. Every society, in other words, has a rich. But not every […]
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