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…
Tag: Wall Street
The ‘Winners’ Take Everything
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…
Wall Street Parties On
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…
Sundering the Social Contract
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…
Can Financial Markets Avoid Collapse?
Is Obama’s TR Rhetoric Just Talk?
Cleansing Wall Street of Blame
As Wall Street’s Universe Collapses
Punching a Hole in the Bubbles
In America, bubbles come in two forms: how Wall Street insiders suck in a sucker’s money before the speculative bubble pops and how those same scam artists stay inside a protective bubble to spare themselves from the fallout. In this…