Tag: Capitalism

image_pdfimage_print

Obama’s Curious UN Farewell Address

President Barack Obama waits backstage before making his last address at the United Nations General Assembly in New York, Sept. 20, 2016. (Official White House Photo by Pete Souza)

President Obama’s U.N. speech looked critically at the U.S. role in world and admitted capitalism’s shortcomings, a contrast with Obama’s previous bluster about “indispensable” and “exceptional” America, notes Joe Lauria.

Who Would Dr. King Endorse?

Martin Luther King Jr.

Hillary Clinton won endorsements from Congressional Black Caucus members while civil rights legend Harry Belafonte came out for Bernie Sanders. But another question is who would Martin Luther King Jr. have supported since he like Sanders advocated for “democratic socialism,”…

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…

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,…

Right-Wing Ideology Run Wild

Author Ayn Rand, an advocate for unrestrained capitalism.

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…

Cleansing Wall Street of Blame

'Occupy Everything' sign (Photo by Angela Tyler-Rockstroh)

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…

Dehumanizing Late-Stage Capitalism

Protesters in an Occupy Philly march (Photo by Ted Lieverman)

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…

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…