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Tag Archives: Wall Street
Life on the Left
I’ve criticized liberalism enough that I should probably unpack my version of the Left. Hint–it’s not communism. Marx, as an economist was a trenchant and amazingly accurate critic of capitalism but his blueprint for utopia, at least as enacted by … Continue reading
Enclosure
Capitalism requires the enclosure of the commons. The reasons are twofold. The first is straightforward primitive accumulation, whereby the commons (land, and natural resources) are seized through force. This process is essential to the creation of capitalist surplus, or … Continue reading
Financial Feudalism
The Wall Street Crash of 2008, the bailout, and the Fed’s Quantitative Easing (QE) intensified inequality in America. And now they’re getting the band back together. Behind all the focus on the human toll of the pandemic there are quiet … Continue reading
Posted in feral elite, neofeudalism
Tagged bailout, Coronavirus, federal reserve, feral elite, financialization, Michael Hudson, neo-feudalism, Wall Street
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A World Turned Upside Down
When the British surrendered at Yorktown at the close of the Revolutionary War their commander, General Cornwallis, was so distraught that he feigned illness and instead had his subordinate proffer his sword to General Washington. The tenor of the … Continue reading
Posted in neoliberalism, propaganda
Tagged Coronavirus, corporate media, makers and takers, Matt Stoller, Mitt Romney, neoliberalism, pandemic, propaganda, Wall Street
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Katrina Moment
The Coronavirus appears to be Trump’s Katrina moment, where the pandemic is exposing the rank incompetence of his administration. If you’ll recall from the way-back machine, in 2005, Hurricane Katrina demonstrated that the Bush Administration’s neoconservative ideology was a serious … Continue reading
Rotten Arrangements
The Coronavirus pandemic is calling into question all of the rotten arrangements that have brought us to this point in American history. Indeed, the virus is remorselessly exposing every weakness in the political and economic ideologies it touches. Especially the ideology … Continue reading
Existential Threat
Every economy is planned. The essential political question is who gets to do the planning. Likewise, every economy is a mix between state and private actors. After 40 plus years of neoliberal “reforms”, the dominant actors in the US are … Continue reading
Posted in feral elite, neoliberalism
Tagged Bernie Sanders, corporate media, DNC, finance, neoliberalism, Wall Street
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Socialism for thee but not for me
Trump appears to have found the theme for his 2020 presidential campaign–Socialism is bad!!! “We are alarmed by the new calls to adopt socialism in our country,” said President Donald Trump in his State of the Union address. “Tonight, … Continue reading
Posted in neofeudalism, neoliberals, propaganda
Tagged 2020 election, corporate socialism, Donald Trump, plutocracy, socialism, Wall Street, wall street crash
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