Tag Archives: predatory capitalism

Return of the Golden Calf

pope francisBy Robert C. Koehler
COTO Report

’Tis the season to feel rage and heartache about the economy.

I feel hope as well, praise the Lord, thanks to Pope Francis and the alley behind my house, where nothing of value goes to waste.

I’m the kind of person who can’t throw anything away, but sometimes I have to anyway — an old microwave, a sewing machine that hasn’t been used in 20 years, a threadbare easy chair, tangled computer wires and other excruciating miscellany — and when I do, it’s usually gone within a day, if not an hour. When I can no longer find value in what I possess, others see it as a gift from the universe.

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Side to Side

By Chris Pratt
COTO Report

We live in a country where corruption and secrecy are so pervasive, so systemic, so evil and so vast that even progressive thinkers are becoming overwhelmed, discouraged and desperate for some positive energy (including me).

It is easy to see why. There is not a facet of our lives that has not been touched by one of these organizations or concepts and in a negative way: FDA, EPA, FBI, CIA, NSA, UFOs, DOD, Homeland Security, NASA, the Fed, IMF, World Bank, WTO, BIS, CFR, Trilateral Commission, Bilderberg Group, Carlyle Group, Skull and Bones, Free Masons, Illuminati, globalization, 9/11, war, terrorism, military industrial complex, Patriot Act, NDAA, destruction of the constitution, loss of Habeas Corpus, rendition, torture, indefinite detention, loss of civil liberties, “kill lists,” HAARP, chemtrails, predatory capitalism, nuclear, coal, oil, fracking, pollution, global warming, and on.

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Occupy: Populist Financiers Supporting Protesters Is Part of the Problem, Not the Solution

By Finian Cunningham
Global Research

How can financiers and speculators who are the embodiment of everything that is awry with the American economy be part of the solution? This is an example of where the movement needs to make tough political choices and to demonstrate that it understands the structural nature of the challenge that lies ahead, writes Finian Cunningham

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The Trials of Tony Judt

Even as ALS tightens its grip, the Leftist historian remains outspoken

By Evan R. Goldstein
The Chronicle Review

On a Monday evening in mid-October, the historian Tony Judt appeared onstage at the Jack H. Skirball Center for the Performing Arts, in Greenwich Village. “I hope you don’t mind if I begin by shooting the elephant in the house,” he said, speaking from an electric wheelchair, wrapped in a black blanket, with a Bi-Pap breathing device attached to his nose. “As you can see,” he continued, his voice gravelly and labored, “I’m paralyzed from the neck down, and also use this rather ridiculous-looking tube on my face to breathe.”

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Looting Main Street

By Matt Taibbi
Rolling Stones

How the nation’s biggest banks are ripping off American cities with the same predatory deals that brought down Greece

If you want to know what life in the Third World is like, just ask Lisa Pack, an administrative assistant who works in the roads and transportation department in Jefferson County, Alabama. Pack got rudely introduced to life in post-crisis America last August, when word came down that she and 1,000 of her fellow public employees would have to take a little unpaid vacation for a while. The county, it turned out, was more than $5 billion in debt — meaning that courthouses, jails and sheriff’s precincts had to be closed so that Wall Street banks could be paid.

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Social Costs of Globalisation


By Helena Norberg-Hodge
CounterCurrents

“… America is a new kind of society that produces a new kind of human being. That human being – confident, self-reliant, tolerant, generous, future-oriented – is a vast improvement over the wretched, servile, fatalistic and intolerant human being that traditional societies have always produced.”

– Dinesh D’Souza, What’s So Great About America

Implicit in all the rhetoric our leaders spout about globalisation is the idea that the rest of the world should eventually be brought up to the standard of living of the West, and America in particular. Read between the lines of the ‘sustainable development’ argument and you’ll find the American Dream lurking: it is globalisation’s touchstone, its apparent endpoint.

But if this is the direction globalisation is taking us, it is worth examining where America itself is headed. A good way to do so is to take a hard look at America’s children, since so many features of the global monoculture have been in place their whole lives. They are like canaries in a mineshaft: if the American Dream isn’t working for them, why should anyone, anywhere, believe it would work better for their own children?

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Something’s Not Right Here

By Bill Moyers, with Matt Taibbi and Robert Kuttner

One year after the great collapse of our financial system, Wall Street is back on top while our politicians dither. As for health care reform, you’re about to be forced to buy insurance from companies whose stock is soaring, and that’s just dandy with the White House.

Truth is, our capitol’s being looted, Republicans are acting like the town rowdies, the sheriff is firing blanks, and powerful Democrats in Congress are in cahoots with the gang that’s pulling the heist. This is not capitalism at work. It’s capital. Raw money, mounds of it, buying politicians and policy as if they were futures on the hog market.

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Economic Hitman John Perkins: US predatory capitalism creates poverty, terrorism, and pollution

NY Times Bestselling author of Economic Hitman, John Perkins, explains in excerpts from his new book, Hoodwinked: An Economic Hitman Reveals Why the World Financial Markets Imploded—and What We Need to Do to Remake Them, that the US lives under a corporatocracy, with US policy captured to serve corporate profits rather than the public good.


JC vs Capitalism: Foreclosures, Unemployment & Wall Street Bailouts

capitalism-a-love-story_290By Rady Ananda

In Capitalism: A Love Story, Michael Moore looks at the Wall Street bailouts – which the vast majority of citizens rejected (and Congress passed anyway) – and concludes that capitalism is a sin.

“We now have the highest unemployment rate since 1983. There’s a foreclosure filing once every 7.5 seconds. 14,000 people every day lose their health insurance,” he wrote in an email this morning. “Would Jesus be a capitalist? Would he belong to a hedge fund? Would he sell short? Would he approve of a system that has allowed the richest 1% to have more financial wealth than the 95% under them combined?”

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Senator Sanders and Michael Moore

In this week’s video, director Michael Moore asks Sen. Bernie Sanders “what is wrong with American capitalism these days?

Sen. Sanders makes a poignant appearance in Michael Moore’s latest film, Capitalism: A Love Story, highlighting, as he does in this episode, precisely the deficiencies of the current political and economic climate and the way the American public is getting screwed in the process.

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Zombie Debt: How Credit Card Companies Illegally Reanimate Your Old Debt

zombie debt kidBy Meg Marco

In what BusinessWeek calls “financial Night of the Living Dead” credit card companies are refusing to stop reporting legally discharged debt to credit reporting agencies—illegally forcing consumers to pay debts that they no longer owe in order to get approved for mortgages.

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Reviving the Peace Dividend

cop soldiersBy Robert C. Koehler

World leaders can’t seem to hold an economic summit without security forces at the level of an occupying army running roughshod over the host city. This is both a symptom of what’s wrong with our global economy — predicated on war, domination and scarcity — and a metaphor for how it works.

So as delegates to the G-20 summit in Pittsburgh last week tinkered with environmental issues and Third World lending and took a few marginal but high-profile steps to tame the beast, 4,000 police officers dressed in riot gear, recruited from around the country, demonstrated its fangs. The heart of global economic order — lest we forget — is protecting the interests of the wealthy few.

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TRAILER: Michael Moore’s ‘Capitalism: A Love Story’

10-Year-Old Girl Busted for Lacking Lemonade Stand Permit

lee clementine bustedBy FRANK ROSARIO and TIM PERONE
SWEET LEMONADE KID $LAPPED

Three sourpuss Parks Department agents put the squeeze on a 10-year-old girl in Riverside Park [NY] yesterday, slapping the tyke with a $50 ticket for hawking lemonade without a permit. [News video link below.]

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Barack Obama: Change We Can Deceive In* –A critique from the Left

obama healthcare (465 x 309)

By Lori Price
Citizens for Legitimate Government

How did Bush force his pharma-terrorist giveaway aka Medicare Modernization Act through Congress in 2003? Continue reading