Their operation was in jeopardy, their ‘business model’ at risk. Their reaction was typical for the brazen barons of finance, writes Michael Brenner.
Three-Card Monte, Wall Street-Style
Tag: Wall Street
The Consequences of Moving from Industrial to Financial Capitalism
Michael Hudson and Pepe Escobar last month took a hard look at rent and rent-seeking at the Henry George School of Social Science.
LEE CAMP: The Pandemic Dirty Dozen
COVID-19: Wall Street Wins Again
Nomi Prins writes about bailouts in the time of the coronavirus.
COVID-19: The Fed, The Virus & Inequality
Recent years have taught us that the official responses to crises will ultimately help Wall Street and the markets, while leaving real people behind again, writes Nomi Prins.
The Economic Risks of Trump’s Reckless Assassination
If Tehran ever decided to shut down the Strait of Hormuz it would trigger a global depression, writes Pepe Escobar.
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.