Tag Archive for Paul Krugman

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The Iron Law of Oligarchy Returns

"News Dissector" Danny Schechter.

From the Archive: The death of Danny Schechter, “the News Dissector,” at age 72 from cancer marks a sad moment for independent journalism. Schechter’s was a strong voice against the empty platitudes and blatant hypocrisies that have come to define modern American media and politics, as he explained in an article last year.

The Liberal Idiocy on Russia/Ukraine

New York Times columnist Thomas L. Friedman.

Exclusive: American pundits are often more interested in scoring points against their partisan rivals than in the pain that U.S. policies inflict on people in faraway lands, as columnists Paul Krugman and Thomas L. Friedman are showing regarding Russia and Ukraine, writes Robert Parry.

Krugman Joins the Anti-Putin Pack

Economist and New York Times columnist Paul Krugman. (Photo credit: David Shankbone)

Exclusive: Official Washington’s “group think” on the Ukraine crisis now has a totalitarian feel to it as “everyone who matters” joins in the ritualistic stoning of Russian President Putin and takes joy in Russia’s economic pain, with liberal economist Paul Krugman the latest to hoist a rock, reports Robert Parry.

The Powerful ‘Group Think’ on Ukraine

Russian President Vladimir Putin delivering a speech on the Ukraine crisis in Moscow on March 18, 2014. (Russian government photo)

Exclusive: Official Washington’s “group think” on Ukraine – blaming everything on Russian President Putin – is so dominant that even independent thinkers like Paul Krugman get sucked into the collective misinformation, reports Robert Parry.

Are US Banks Still ‘Too Big to Fail’?

President George W. Bush speaks on the phone in the Oval Office, Oct. 7, 2008, with Prime Minister Gordon Brown of the United Kingdom, discussing efforts to solve the spreading global financial crisis. (White House photo by Eric Draper)

The U.S. economy’s long slog back from the 2008 financial crisis has tried to ignore the looming question of whether a repeat is likely. Some economists think the Dodd-Frank reforms have largely ended “too big to fail” risk-taking but others aren’t so sure, as Michael Winship notes.

The Iron Law of Oligarchy Returns

Thomas Piketty's "Capital in the Twenty-first Century."

America likes to think of itself as a land of the Great Middle Class with a government “of, by and for the people.” But that reality has changed drastically over the past several decades, as money and power have created a dominant American Oligarchy, writes Danny Schechter.

America’s Mad Dash to Oligarchy

Mr. Moneybags from the "Monopoly" game

Since Ronald Reagan’s “supply-side” tax cuts for the rich – followed by other giveaways like eliminating the “death tax” so billionaires can pass on their fortunes to lucky heirs – the United States has been on a mad dash to oligarchy, as Bill Moyers and Michael Winship note.

The Ideology of Ecocide

Hurricane Sandy as it approached the U.S. coastline. (Credit: NOAA Environmental Visualization Lab)

The U.S. Constitution mandates the federal government to provide for the country’s “general Welfare,” but the Right’s self-proclaimed “constitutionalists” object to any efforts to curb the catastrophic threat of global warming, as Lawrence Davidson notes.

‘Fixing the Debt’ on Average Folks

Goldman Sachs’ Lloyd Blankfein and other tycoons behind “Fix the Debt” want average folks to expect less from Social Security and other safety-net programs but are doing all they can to protect their special interest tax breaks and dodge the slightly higher tax rates for the rich, note Bill Moyers and Michael Winship.

Anti-Government Economic Orthodoxy

Financial news network CNBC is dominated by correspondents and anchors who worship at the altar of the Market, preaching the right-wing theology of unrestrained capitalism and tightly constrained government. Amid that religious certainty, CNBC’s Becky Quick breezily mocks economist Paul Krugman, Beverly Bandler notes.