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Author Archives: camelotkidd
Confidential Informants
The banks and the financial industry have an outsized role in US economic and political affairs. Yet, they’ve also been accused of engaging in an ongoing crime spree. Rigging markets, hoarding commodities, hiding massive amounts of plundered loot, evading taxes, laundering drug money from some … Continue reading
Out of Thin Air
The US has a fiat currency, where money is created out of thin air with a stroke of the keyboard. For political reasons, we allow banks to enjoy the advantage of money creation rather than having the US Treasury issue … Continue reading
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Tagged banks, CBO, Ellen Brown, fiat currency, MMT, Modern Monetary Theory, Naked Capitalism, Rothschild, Web of Debt
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They Own the Place
The banks and financial industry have a lock on our political and economic systems, directly contributing to the growing economic inequality and bifurcated rule of law. Since Senator Dick Durbin blurted out to a radio host the power that the banking … Continue reading
On a fast track to the bottom
The Trans-Pacific Partnership (TPP) is a massive new trade pact that is being pushed by the Obama Administration at the behest of multi-national corporations. The TPP is fundamentally undemocratic and horrible for most Americans where it counts–in their pocketbook. Contrary to the … Continue reading
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Tagged fast track, free trade, Karl Polanyi, neoliberal, The Great Transformation, TPP
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“Corporations are people, my friend,”
Political/economy is who gets what, and who pays the price. We forget this adage at our own peril. The wealthy and the corporations they own have captured our government and are imposing on us the policies that benefit them. Contrary … Continue reading
Back to the Future
Ideologies that serve elite interests never really go away, they just reconstitute in new guises. In A Brief History of Neoliberalism, author David Harvey argues provocatively that neoliberalism is a continuation of early capitalism, whereby modern corporations are busy re-privitizing … Continue reading
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Tagged A Brief History of Neoliberalism, A Peoples History of the United States, David Harvey, forth factor of production, Howard Zinn, Michael Perelman, Mike Lofgren, Nixonland, rent seeking, Rick Perlstein, Simon Patten, The Invention of Capitalism, The Party's Over
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The Market is the Master
There is a vague sense of a new order growing up around us. Sometimes there’s a brief glimpse of it. Sometimes late at night there’s a whisper of it on the wind. I’m referring to neofeudalism–a confluence of neoliberalism and neoconservatism … Continue reading
Terror Theatre
That didn’t take long. Almost on cue we get another terrorist attack in Paris by gunmen claiming to be al-Qaeda. In the US, the reaction was predictable, with liberals being demonized for encouraging terrorism through their political correctness. Left largely unmentioned … Continue reading
Public Diplomacy
Neoliberalism and neoconservatism are not an accident of history. They are the ideological components of a sophisticated and largely successful counterattack on the New Deal, that commenced within seconds of the signing of the progressive legislation by President Franklin D. … Continue reading
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Tagged Cold War, FDR, New Deal, propaganda, public diplomacy, Reagan, Robert Parry
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The Stovepipe
The United States tortured prisoners for exploitation and propaganda purposes with the goal to connect al-Qa’ida with Saddam. We used this false information, obtained through torture, to justify the invasion of Iraq. “…the details in the Senate report concerning the abuse … Continue reading
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