Tag: Paul Krugman

The Iron Law of Oligarchy Returns

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…

America’s Mad Dash to Oligarchy

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…

The Ideology of Ecocide

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…

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…

Still Praising Ryan as ‘Fiscal Hawk’

Exclusive: The U.S. news media continues to hail Rep. Paul Ryan as a “fiscal hawk” despite the ocean of red ink in his budget plan. The latest to misrepresent Ryan’s record is the New York Times’ Katharine Q. Seelye, who…