Tag Archives: Wall Street

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

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Opaque

I’m re-reading Matt Taibbi’s, Hate Inc., and enjoying it even more than the first time. Written as an update to the classic–Manufacturing Consent–it’s a great primer on media malfeasance and how we came to have a con-man as our president. … Continue reading

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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

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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

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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

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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

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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

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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

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PayGo

  PayGo is bad economics and bad politics, but naturally it was the first order of business for the newly elected Democratic Speaker of the House–Nancy Pelosi. Despite resistance from progressive Democrats, the House rules package for the 116th Congress will … Continue reading

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Ten Years After

  Ten years ago the US stock market tanked, and for the next several weeks financial markets were a cluster-fuck of panic and chaos. Americans were frightened of what was happening in the economy. The real estate market had collapsed. Venerable Wall … Continue reading

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