Capitalism
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Introduction to “Well, How Did We Get Here?”
This essay tries to explain how we got here. By which I don’t mean the recent events leading up to the crash of 2008 – these have been discussed in dozens of books. Instead I want to set out the older and specifically British back story, both economic and political. Continue reading
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Video: The Inside Man By Michael Hudson
The word is out: Treasury Secretary Geithner is the inside man for Wall St according to an explosive new book. The second half of this Keiser Report covers this latest machination in the world of financial crime. Continue reading
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The BBC’s Coverage of Southern Europe by Dan Hind
Yesterday’s main news bulletin on BBC 1 somehow managed to miss another large demonstration against austerity in Lisbon, where tens of thousands gathered in the capital’s Praca de Comercio square. The bulletin also didn’t find time for yet more protests in Madrid. Continue reading
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A Tale of Two Economies: Skyrocketing Stock Market for the Rich, Devaluation of Work for the Rest
The rich are making out like bandits in the booming Wall Street economy that is based on profits squeezed out of firing workers, lowering net wages (adjusted for inflation), and outsourcing jobs to exploited labor overseas. There is no crisis in the top 1%; there is only increasing wealth. In that second economy, the financial… Continue reading
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Guilty Until Proven Innocent: Extortion Against Standard Chartered Bank Shows Bias Against Iran By Danny Schechter
On the surface, it looked like a simple game of “Gotcha,” when New York Bank regulators blew the whistle on London’s Standard Chartered Bank for laundering money. The fact that the money was allegedly tied to Iran cast a major shadow on the allegations, given the Islamic Republic’s “bad guy” image in American policy circles. Continue reading
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Video: Bill Black Reports: LIBOR and HSBC
Bill Black, author of “The Best Way To Rob a Bank is to Own One” begins a regular TRNN feature reporting on financial news Continue reading
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Video: Pt2 Is Public Ownership the Solution?
15 July 2012 — The Real News Network Gar Alperovitz: There is nothing new about public ownership of major enterprises in the USA (inc. transcript) Continue reading
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Video: Restructuring Europe – For Whom?
The structural reform now being discussed in Europe would mean an even more neoliberal agenda Continue reading
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Video: Ed Herman on "Humanitarian Imperialism" Pt. 2
Edward Herman Pt2: The development of humanitarian intervention as a concept is essentially an overthrow of international law (includes transcript) Continue reading
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EU Crisis: A pact of two parasites
The European Union took another step along the road to a capitalist united states of Europe at the eurozone summit in the early hours of yesterday morning. Continue reading
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The Greek affair: Symbol of the crisis of the European Union or paradigm of Europe’s salvation By Gaither Stewart
It is an ironic twist of history that Greece, the cradle of Western culture, today, 2500 years after the acme of Hellenic glory, appears on the stage of history in the best of cases as victim, and in the worst, as the symbol of the threat to the collapse of the West European society. Continue reading
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Bank of America still not yours… yet
Bank of America executives, investors, and opponents alike reacted with surprise to yesterday’s news—posted for two hours on Dow Jones Newswire and elsewhere—that the mammoth financial institution, realizing it was heading for a taxpayer bailout, was asking Americans to start thinking about what they’ll do with the bank once they own it, and to start… Continue reading
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IT’S TAX TIME: IS IT TIME TO OCCUPY THE IRS? By Danny Schechter
Back in the day, the government used IRS investigations to threaten political activists and intimidate activists that paid their taxes as opposed to those who became tax resisters to refuse to pay for wars. Continue reading
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A different kind of Europe By Trevor Evans
The growth of private international financial institutions since the 1970s has seriously curtailed the ability of national governments to exercise democratic control over economic policy. This was vividly demonstrated early in the 1980s, when capital flight forced the French government to abandon its programme of progressive economic reforms. Since then, finance has become much stronger,… Continue reading
The New Dark Age 