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dave723"We are talking about people who are already fantastically rich. And who, despite this, are absolutely hell-bent on getting richer, even if that means depriving hundreds of millions of people in the American middle class of their middle classness. Are they not essentially sociopathic?" (commondreams.org)
"We have lost sight of the crucial difference between productive investment and gambling. Whether Wall Street banks have a right to engage in purely predatory activities may be subject to debate. Surely, however, such activities should not enjoy the support of public subsidies and guarantees." (yesmagazine.org)
"What is the argument against another stimulus? What is another few percentage points of debt compared to leaving millions of Americans unemployed, and the risk of a downward spiral? It is better to err on the side of caution -- and yes, the side of caution is avoiding the more serious risks." (sacbee.com)
Top 10 Reasons for Higher Taxes on the Top 1% | "Funding for our country's children is being cut, but we allow a hedge fund manager to make enough money to pay the salaries of every public school teacher in New York City. Most of his earnings are taxed at a rate less than that of his secretary." (commondreams.org)
"The right wing will tie Obama so firmly to the crisis that people will forget it exploded during the reign of market fundamentalist George Bush. Allowing the economy to implode in order to be ideologically correct will invite an even greater repudiation from an economically insecure population." (fpif.org)
The policy that Germany has got most right is the one of subsidising employers to keep workers on the job at reduced hours. This could save millions of jobs in the United States, if only we had some political leadership with the courage to take these modest but obvious steps. (guardian.co.uk)
submitted 7 days ago by dave723 to worldpolitics
Today marks the 100th anniversary of the most ‘radical speech’ an American ex-President has ever delivered. | We need to “destroy privilege.” Ruin for our democracy, Roosevelt warned, will be “inevitable if our national life brings us nothing better than swollen fortunes for the few.” (commondreams.org)
"There is a growing movement to amend the U.S. Constitution, to strip corporations of the legal status of “personhood,” the concept that corporations have the same rights as regular people. This would subject corporations to the same oversight that existed for the first 100 years of U.S. history." (truthdig.com)
Wall Street lobbyists are presently mounting a furious blitz on the rule-writing regulators, still trying to weaken or even kill many of the reform ideas passed by Congress. The financial giants have hired away nearly 150 regulators, luring them with fat salaries to become industry lobbyists. (creators.com)
"Finance capital is, at this stage of the system's decline, incapable of reproducing itself through productive investment. Since Wall Street over the decades has already broken up, consumed and exported much of the U.S. productive economy, that leaves the State and all of its parts." (blackagendareport.com)
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