Nothing better illustrates the core critique of the Occupy Wall Street movement against the financial sector’s dominance of our political institutions than the spectacle of high-profile Democrats, like former Pennsylvania governor Ed Rendell and Newark Mayor Cory Booker, fretting over the “tone” of the Obama campaign’s advertisements targeting Mitt Romney’s days as a vulture...
In 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown, Simon Johnson and James Kwak point out that in September 2008 the high-flying masters of the universe were at their weakest point and had no choice but to do whatever the government demanded of them. Never mind the supreme irony of Wall...
Time magazine’s cover story this week titled “What’s Still Wrong with Wall Street,” by Allan Sloan, is a remarkable indicator of where the public stands on the recent obliteration of the economy by a gang crooked financiers and speculators. It shows that even the corporate media is now making the connection that millions of...
Recession Is Over! (If You Want It)
The National Bureau of Economic Research tells us the Great Recession is “over.” In fact, it ended in June 2009! Hip, hip, hooray! The only thing this announcement reveals is just how out of touch, cruel, and compassionless those who view human society through the lens of quantitative measurements can be. Numbers don’t begin...
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