As the world’s political and financial leaders seek to reinvigorate economic activity, it is no surprise that the greatest sacrifices and the largest contributions are being demanded from the workers, the laborers who actually produce stuff. As the economy begins to lurch forward in one sector or another, lack of confidence in the sustainability of […]
Category: Finance
THE CAPITALIST CASTE SYSTEM
So now it has been revealed that major corporations will not consider an employment application from someone who is unemployed. This is so like the old saw that banks will not lend you money unless you can prove you don’t need it. So if you’re unemployed right now, you must be a loser, so don’t […]
GREENSPAN ATTACKS INCREASED REGULATION
In an op-ed column in this morning’s Financial Times, former US Federal Reserve chairman, Alan Greenspan, predicted “unanticipated adverse outcomes” resulting from the implementation of the Dodd-Frank bill recently passed by the Congress in response to the recent disastrous consequences resulting from years of deregulation, aided and abetted by Greenspan himself. The basis for his […]
UNTIL EVERYBODY KNOWS
Great news! Frances Fox Piven and Cornel West have organized a National Teach-In for Tuesday afternoon, April 5. The theme is “On Austerity, Debt, Corporate Greed and How to Fight Back.” Progressive luminaries such as Jeffrey Sachs, Heather McGhee, and Richard Trumka will be on hand. The event will be live-streamed over the Internet from […]
MEET GE, CORPORATE CITIZEN
Allow me to introduce you to General Electric, labeled by the NY Times this morning as “the nation’s largest corporation.” On second thought, let’s let GE introduce itself. Here, on its website, is how it describes its role as a corporate citizen: “GE’s approach to corporate citizenship and to business are[sic] driven by a common […]