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…
Tag: Wall Street
How FBI Monitored Occupy Movement
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.
At Year’s End, the ‘News’ Fails
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,…
Bankster Justice Very Much Delayed
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…
Dim Tidings of Political Disconnect
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…
Lessons from Gov. Walker’s Win
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…
New Voice for Jailing Bank Execs
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…
Botox of Late-Stage Capitalism
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…
Seeking Justice for Wall St.’s Victims
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.
Financial Magic Thinking Dies Hard
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…