Tag Archive for Capitalism


Reflections on ‘Deep Poverty’

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

The Constitution’s Framers set as one of the new government’s priorities providing for the “general Welfare,” but that progressive mandate was soon swept away by slaveholders and industrialists who shaped America into a “me-first” society amazingly tolerant of “deep poverty,” as Lawrence Davidson reflects.

Selling Access to Pope Francis

Pope Francis

As much as Pope Francis criticized hyper-capitalism’s cruelty to the poor and the middle class, it was business as usual for the Catholic Church bureaucracy, selling access to the Pope’s events with front-row seats going to well-heeled benefactors, notes Michael Winship.

Blunting the Pope’s Environmentalism

Pope Francis

Pope Francis has challenged market economics to address the human cost of profit-making, especially global warming’s threat to the future of the planet. But opponents of government regulation are set to spin whatever criticism the Pope delivers during his U.S. trip, writes ex-CIA analyst Paul R. Pillar.

Right-Wing Ideology Run Wild

The Radical Right – reflecting the overlapping ideologies of Ayn Rand capitalists, Christian fundamentalists and neo-Confederate white supremacists – is set on crippling the federal government and humiliating the first African-American president. But the extremism could shatter the Republican Party, writes Lawrence Davidson.

Madness of Late-Stage Capitalism

Late-stage capitalism has similarities to an aging billionaire terrified of microscopic germs – imagine Howard Hughes at the end of his days – trying to extend life by frenetically worrying about invisible dangers, writes Phil Rockstroh in this reflection on his father’s death.

Cleansing Wall Street of Blame

The Right’s giant megaphone is reversing the narrative for today’s crisis: It is Barack Obama’s “food-stamp presidency” and the Occupy demands for fairness that are at fault for the hard economic times, not Wall Street’s unregulated greed increasing the need for food stamps and heightening the imperative for resistance – as Phil Rockstroh explains.

Dehumanizing Late-Stage Capitalism

Occupy Wall Street (OWS) — and similar protests — don’t fit into the trite frames of America’s mainstream news, but rather represent a collective message of people laying their bodies down against the depredations of modern-day capitalism, as poet Phil Rockstroh explains.

Punching a Hole in the Bubbles

In America, bubbles come in two forms: how Wall Street insiders suck in a sucker’s money before the speculative bubble pops and how those same scam artists stay inside a protective bubble to spare themselves from the fallout. In this autumn of national discontent, Phil Rockstroh sees hope for real change.