The recent loss of human life in Bangladesh sweatshops and the 2008 Wall Street meltdown that devastated the world’s economy should demonstrate that relying on corporate executives to “self-regulate” is a deadly and dangerous way to protect the broader society, as Michael Winship explains.
Many Americans are still shocked that Wall Street bankers who ruined the economy escaped any serious punishment from government regulators. But one problem is that many of those regulators, including the new choice to head the SEC, have been rotating through the golden revolving door, say Bill Moyers and Michael Winship.
The American political system continues to ignore President Eisenhower’s dour warning about the Military-Industrial Complex and embrace President Reagan’s happy “We’re No. 1” illusions. The long-term consequences of this choice have been devastating to most U.S. citizens and to the world, writes Gary G. Kohls.
The FBI and other federal agencies coordinated with banks and local authorities in reacting to the Occupy Movement, which was put in the category of a domestic terrorist threat despite the group’s advocacy of nonviolence, Dennis J. Bernstein reports.
The end of the year brings reflection on what happened in the past 12 months and what lies ahead. But these retrospectives usually offer no more context – and often less – than the thin gruel of news as the events played out, News Dissector Danny Schechter notes.
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.