If Tehran ever decided to shut down the Strait of Hormuz it would trigger a global depression, writes Pepe Escobar.
Tag: Wall Street
Plutocracy Now!
The United States today qualifies as a plutocracy – on a number of grounds, and it is having a profound impact on the media, education and think tanks–indeed on the whole of society, says Michael Brenner.
Steve Bannon’s Apocalyptic ‘Unravelling’
Donald Trump’s upbeat slogan is “Make America Great Again,” but his chief strategist Steve Bannon sees apocalyptic days ahead, a harsh winter before society’s renewal, writes ex-British diplomat Alastair Crooke.
Who’s Behind US Downward-Mobility?
President Trump blames Mexicans, Chinese and other foreigners for the plight of downwardly mobile Americans but the real culprits are his corporatist pals who grab the lion’s share of the wealth from U.S. global dominance, says JP Sottile.
Wall Street’s Win-Win with Trump
Exclusive: Most Wall Street bigwigs sided with Hillary Clinton in 2016 but now have adroitly shifted affections to Donald Trump whose populist rhetoric is giving way to another super-rich bonfire of the vanities, explains Mike Lofgren.
Anti-Trump Coalition Shows Cracks
When national Democrats are not blaming Vladimir Putin for Hillary Clinton’s defeat, they’re pointing fingers at anti-war Democrats and Greens who found Clinton’s hawkishness and corporatism unacceptable, notes Nat Parry.
Hillary-Kaine: Back to the Center
Hillary Clinton’s VP choice, Tim Kaine, is well liked Inside the Beltway, partly because he bends to pressure from Wall Street, DLC-style “centrists” and the austerity-pushing mainstream media, explains ex-bank regulator William K. Black.
Letting ‘Wall Street’ Walk
Legal double standards are the norm in the U.S. – no jail for law-flouting Wall Street bankers but mass incarceration for average citizens, especially minorities, who get caught up in the prison-industrial-complex, as Michael Brenner describes.
Geithner Gets Morgan-Chase Gravy
Despite the 2008 Wall Street crash and government promises of reform, the old back-scratching ways of special favors and influence are again in vogue – as if they were ever out of style, writes JP Sottile.
Deconstructing America’s ‘Deep State’
Americans perceive what has happened to their democratic Republic only dimly, tricked by rightists who call all collective government actions bad and by neoliberals who make “markets” a new-age god. But ex-congressional budget official Mike Lofgren shows how this “Deep State” really works, writes Chuck…