Economy

How the Rich Won the Class War

Over the past several decades, the Right has convinced millions of Americans that Government is the source of all problems, that Corporations must have near-total freedom, and that the Rich must enjoy low taxes. The consequence has been a devastated middle class and fiscal chaos, writes Michael Winship.

Winning with Kamikaze Tactics

The dangerous political and economic trends of the past three decades are coming to a head in Washington current debt battle. The Right is armed with its anti-government extremism and its vast propaganda machine, while the Democrats seek compromise and the Left remains disorganized, as Danny Schechter notes.

Tea Party’s Misguided Love of the Rich

The Tea Party crowd idolizes the America’s Founders along with today’s corporate titans, whose taxes must be kept low so they can be the great “job creators.” But the contrast is striking, since the Founders risked everything for the country while today’s rich won’t even take the chance of hiring some extra workers, Michael Winship writes.

American Right and Limits of Logic

American politics is increasingly defined by a struggle that pits religious fundamentalism and anti-government true-belief against rationality and liberalism, with the former combination gaining gradual dominance over the latter. But poet Phil Rockstroh says both sides fail to grasp the coming collapse of today’s political/economic model.

South Africa’s Corruption Cancer

South Africa is often viewed as the model for Africa’s future, an inspiring country that shed the curse of apartheid and white supremacy in a largely peaceful transition to majority black rule. But the corrupt economic culture of that earlier era continues to infect the new South Africa, reports Danny Schechter from Durban.

Bachmann Flunks History, Again

Rep. Michele Bachman, a rising Republican presidential aspirant, is notorious for bungling key facts of U.S. history – like starting the Revolutionary War in New Hampshire – but she also misses key points about Canada’s more robust economy. It benefited from strong banking regulation and single-payer health insurance, Michael Winship notes.

Forgetting South Africa’s Triumph

South Africa’s heroic defeat of white supremacy made the country and its leader, Nelson Mandela, icons across the world. However, the nation’s neoliberal economic policies have left many South Africans struggling in poverty and growing despair, as Danny Schechter reports from Durban, South Africa.

A Land of Haves and Have-Nots

Like much of the U.S. news media, the Washington press corps likes a good diversion from the real problems facing the country, such as having to deal with new research confirming that the United States is dividing into a land of a few haves and many have-nots, a crisis that Michael Winship addresses in this guest essay.

How Greed Destroys America

Exclusive: New studies show that America’s corporate chieftains are living like kings while the middle class stagnates and shrivels. Yet, the Tea Party and other anti-tax forces remain determined to protect the historically low tax rates of the rich and push the burden of reducing the federal debt onto the rest of society, a curious…

Saudi Oil Muscle for Palestine

Despite Israel’s great political influence in Washington, the Obama administration may soon have to decide whether it will risk economic retaliation from Saudi Arabia by opposing Palestinian statehood in the United Nations. A Saudi cutback in oil production could send gas prices to $5 a gallon and sink the U.S. recovery, Lawrence Davidson writes.