Economy

Spain’s Battle Against ‘Austerity’

Western governments are stepping up their demands for public “austerity” hitting the middle and lower classes, even as extravagance remains the watchword for Wall Street and the rich. In Spain, a determined movement of “indignados” has emerged to challenge this political/economic dynamic, Pablo Ouziel reports.

‘Dog Days’ for US Economy

The debt-ceiling crisis has revealed that Republicans have found a valuable hostage and Democrats have shown they will pay the ransom. So, the prospects that the federal government will address other problems, like joblessness and a staggering middle class, are even dimmer, as Danny Schechter notes.

Beyond the Debt Limit Fiasco

The dispiriting battle over the debt ceiling has set many to wondering how America’s profoundly dysfunctional political/media system can and must be overhauled to serve the interests of the broad population, not just the privileged elites and their deluded defenders. Poet Phil Rockstroh addresses that dilemma.

Obama on the Backs of the Poor

Exclusive: The painful resolution of the debt-ceiling crisis shows that Republicans and the Right know how to play hardball – and that the Democrats and President Barack Obama know how to get rolled. Former CIA analyst Ray McGovern is thinking about other options.

The GOP War on the Environment

An article of faith on the American Right is that the “free market” can solve pretty much all problems and the government should simply get out of the way. After the debt-limit crisis, the Republicans turn to the environment, writes Don Monkerud.

Wrestling Over the Debt Ceiling

As Republicans threaten to throw the U.S. economy into a new crisis by not raising the debt ceiling, Democrats have given ground time and again, erasing one line in the sand after another. But is this self-inflicted crisis real or just another political game, asks Danny Schechter. 

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.