After years of tip-toeing around the too-big-to-fail banks – despite their key role in devastating the world’s economy – the U.S. government has finally signaled a couple of fraud prosecutions. However, the effort is not only way too late, but way too little, argues Danny Schechter.
The insertion of false narratives is a powerful way to control populations, a technique that today’s American Right has perfected in persuading much of the population that global warming is a hoax and “the market’s invisible hand” is real, a dilemma of the human condition addressed by poet Phil Rockstroh.
Exclusive: Wisconsin Gov. Scott Walker, the new rock-star of the Republican Right, rode a wave of corporate money and anti-union sentiment to a recall victory. But his win could wake up progressives to the need for more media outreach to educate citizens on the dangers of unchecked corporate power, writes Robert Parry.
In a new book, Predator Nation, Charles Ferguson (who directed the Oscar-winning film “Inside Job”) says banking executives implicated in the fraud that devastated the economy in 2008 should go to jail, a position applauded by Danny Schechter, who has long advocated the same.
As America’s Great Middle Class crumbles, the Rich are again grasping for every possible regulatory rollback and tax cut, all the better to fund some final bacchanal of late-stage capitalism, a well-catered cocktail party of aging men and women wearing the false face of Botox, as poet Phil Rockstroh observes.
International agencies and global movements target human rights violators from small or isolated countries, but the idea of holding accountable the powerful and well-connected who cause much greater human suffering is considered unthinkable, a paradigm that Danny Schechter challenges.
Since the early supply-side days of Ronald Reagan, the Right has pretended that slashing taxes on the rich will generate extra revenue, thus more than paying for itself. The reality has turned out differently, but Michael Winship says that hasn’t changed the determination to bend reality to politics.
Exclusive: Many Americans still wonder how it happened, how did a country admired for its Great Middle Class, which sustained strong democratic institutions, end up with Third-World-style wealth inequality and a democracy to match? In reviewing Winner-Take-All Politics, James DiEugenio seeks an answer.
Police have cleared out most Occupy Wall Street encampments around America, but no one is stopping the ultra-rich from partying on with the trillions of dollars in bailout help from the feds and the Fed, as Bill Moyers and Michael Winship observe.
In political philosophy, the idea of a social contract is that the individual surrenders some rights for the benefits of living in a civilized society that has reasonable rules for all. However, in recent decades, the greedy rich have torn up that contract, as Danny Schechter explains.