Economy

NSA Spying’s Economic Fallout

NSA whistleblower Edward Snowden speaking in Moscow on Oct. 9, 2013. (From a video posted by WikiLeaks)

Many Americans were shocked at Edward Snowden’s leaks about the extent of the U.S. government’s electronic surveillance but another downside is that people around the world are now bailing out on U.S.-based Internet companies, as best they can, writes Sander Venema.

America’s Real-Life ‘Hunger Games’

hunger-games-catching-fire

Congressional Republicans are eager to ladle more subsidies onto agribusinesses while slashing, if not eliminating, food stamps for the poor, a twisted version of America’s own “Hunger Games,” writes Michael Winship.

The Case for a Higher Minimum Wage

Eight girls sewing by hand on material held in their laps, during a sweatshop inspection in Chicago, Illinois. 
(Photo credit: Chicago Historical Society)

The Tea Party claims to represent average Americans but its anti-government zealotry lines up with the interests of big-business elites, such as opposition to an increased minimum wage, a plan that would help millions of average Americans, writes Lawrence S. Wittner.

The Future in a Dazzling Shanghai

The skyline of Shanghai, China. [Photo credit: Carl Lovén on Flickr]

The biggest winner from the U.S. government shutdown and near credit default may be China as it pushes for a “de-Americanized” world economy, a future on display in a dazzling Shanghai, writes Beverly Deepe Keever from Shanghai.

Guns But No Butter

Rep. Paul Ryan, R-Wisconsin

The Right’s war on the poor rages on, driven in part by the belief that racial and ethnic minorities are getting much of the help. Yet, as food stamps are slashed, Congress lavishes money on military projects that are judged wasteful or useless, John LaForge writes.

Taxing the Movement of Money

The symbol of the Internal Revenue Service.

If U.S. budget gridlock had not ground rational thought to a standstill, creative options for revising the tax code might be possible, such as a tax on stock transactions to raise money and discourage micro-second trades. Another option would be a toll tax on money movement, as ex-prosecutor William John Cox suggests.

Blaming the Poor for Poverty

A classic photo of a poor mother and children in Elm Grove, California, during the Great Depression. (Photo credit: Library of Congress)

Unrestrained free markets destroy the middle class, push working people down the economic ladder and concentrate wealth at the top. But promoters of this hyper-capitalism, who dominate the U.S. media debate, simply blame the poor for poverty, as Lawrence Davidson explains.

Climate Deniers’ Strategy of Confusion

The fossil-fuel industry has invested billions of dollars in propaganda – funding phony “scientists” and bankrolling politicians – to confuse the public about the threat from global warming. The deception is aided and abetted by the mainstream media’s misguided “balance,” as Dan Becker and James Gerstenzang explain.

The Lies Killing America

While many reformers have focused on money in politics, a parallel danger comes from the billions of dollars that right-wing ideologues have poured into media. The likes of Rupert Murdoch have made an art form out of peddling “populism” that serves the financial elites, as Bill Moyers and Michael Winship note.

The Tea Party’s Confederate Roots

For “branding” purposes, the Tea Party pretends to reflect the views of the Constitution’s Framers but it actually follows the Slave South’s hostility to the strong federal government that the Framers created. That historical link to the Confederacy is crucial for understanding the Tea Party’s goals, as Beverly Bandler explains.