Over the past three decades, right-wing policies have diverted the wealth of America into fewer and fewer hands, and a right-wing Supreme Court has let money dominate U.S. politics like never before, challenging Woody Guthrie’s idea that “this land was made for you and me,” Bill Moyers and Michael Winship note.
As Wall Street bankers and hedge funds deploy powerful computers in “high-frequency trading” – siphoning off capital meant for productive purposes – one counter-measure would be a “financial transaction tax” to discourage the practice and raise needed revenue, a plan gaining traction in France, reports Jeff Cohen.
Exclusive: Subtly and not so subtly, Republican presidential contenders are playing the race card again, hoping to win over the votes of angry whites by implicitly blaming the shrinking of the middle-class on preferential treatment of blacks and other minorities, reports Robert Parry.
U.S. political journalists love to cover the horse race of presidential politics – focused on polls and gaffes – while usually obscuring the nation’s actual problems and how the candidates and their proposals relate to this real world, as Danny Schechter notes.
Republicans are fond of throwing the charge “class warfare” at anyone who seeks to reverse the rapid division of modern society into haves and have-nots. But the ancient story of Cain and Abel is a cautionary tale about the violence that class stratification inevitably brings, writes Rev. Howard Bess.
As you know, Consortiumnews.com relies almost exclusively on the support of our readers. So, as 2011 ends, we wanted to express our thanks and present a selection of the important articles from the past year that your donations helped make possible.
For many people around the world, 2011 was a very tough year, as millions lost jobs, suffered foreclosures and faced austerity, while the rich did fine and corporations hoarded trillions of dollars in cash. But there were glimmers of hope in the emergence of resistance, writes Danny Schechter.
As competition for oil, water and other resources intensify, global power relationships are shifting, providing backdrops for a string of conflicts from Iraq to Libya. Brazilian-born journalist Pepe Escobar, one of the most perceptive analysts of these trends, was interviewed by German Lars Schall.
Police cleared out the last major Occupy encampment in the San Francisco Bay area on Thursday with the removal of tents at a park in Berkeley and the roughing-up of some protesters. Dennis J. Bernstein interviewed a U.S. Army veteran who provided security at the camp.
Special Report: Since the days of Richard Nixon, Republicans have pursued an anything-goes brand of politics that often has the look of hostage-taking, with Democrats usually caving in. But, Robert Parry asks, has President Obama finally learned that the only way to stop bullying is to stand up to it?