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What Are They Good For?
What’s the point of having two political parties that both represent corporations and the wealthy? My first post at Camelotkidd was entitled TINA,—“There is no Alternative,” proclaimed by Margaret Thatcher about the superiority of neoliberal capitalism. This phrase, uttered with … Continue reading
Blood On Their Hands
Republicans who voted to cut funding to Amtrak in the wake of the fatal crash have blood on their hands. These types of train crashes happen because cuts to funding translate into cuts to maintenance, leading to accidents that kill … Continue reading
Hearts and Minds
At a party the other day a male relative repeated a familiar sentiment–“Government is the problem. We don’t need any government except the military.” Everyone around him kind of nodded and the party continued. Meanwhile, I wanted to bang my … Continue reading
Let’s Get Ready to Rumble
We saw Jane Goodall the other night as part of a university lecture series. Her visit was controversial because she wanted to talk about the danger of GMO’s as well as her signature topic of chimpanzees. Goodall has been touring … Continue reading
Stupid Rich
“They were careless people, Tom and Daisy—they smashed up things and creatures and then retreated back into their money or their vast carelessness, or whatever it was that kept them together, and let other people clean up the mess they … Continue reading
Externalities
Powerful US corporations socialize the costs of doing business and privatize the profits. In economic speak, this socialization of costs is described as an externality. If such things as exploitation of labor, income inequality, and environmental destruction were forced to be … Continue reading
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
Posted in Uncategorized
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
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