Amid extreme wealth inequality, Vijay Prashad considers the appeal of reactionary new religious traditions that measure salvation in the present balance of your bank account.
The Perils of Pious Neoliberalism
Category: Income Inequality
Low-Income World in Multi-Trillion Debt Squeeze
Rising interest rates and slowing global growth risk tipping a large number of countries into crisis, Baher Kamal reports.
US Utility Giants Reap Huge Profits as Households Struggle
Companies pocketed $14 billion in the first nine months of 2022 while roughly 20 million households are behind on payments amid warnings of widespread shutoffs, a watchdog group finds.
Varoufakis: How to End ‘Global Empire of Capital’
In the face of climate catastrophe and a rising risk of nuclear war, Greece’s former finance minister says the global ruling class are “doing their best to push humanity over both cliffs at once.”
Taxing the Rich Requires More Than Policy
The more impact a ballot initiative has in rebalancing resources and control, the more likely it is to face powerfully coordinated efforts to stop its enforcement, write Benjamin Fong and Benjamin Case.
The Case for Democratic Worker Control
The potential of automation to reduce working hours is inconsistent with the profit motives of capitalist companies, writes Alec Stubbs.
An Economist for the Whole Earth
Without greater equality, Herman Daly, the pioneer of ecological economics, helped us understand that the environment has no real shot at renewal, writes Sam Pizzigati.
Chris Hedges: The Good Priest
Father Michael Doyle, who died earlier this month at his parish house in Camden, New Jersey, infused his Christianity with his goodness. That goodness showed us what it means to live a life of faith.
The Double Standard on US Campaign Contributions
Sam Pizzigati offers a reminder of how the Supreme Court aided the plutocracy in 2010 with its Citizens United decision.
Chris Hedges: Destroyers of US Democracy
With the U.S. midterm elections on Tuesday, Biden and other establishment politicians hope to paper over the rot and pain of the system they created with the same decorum they used to sell the country the con of neoliberalism.