The American people may have had a much longer experience with democracy, and they have reason to take pride in having fought for and achieved this. But US elections, as with its other democratic processes, are no less free from manipulation and control of the finance oligarchs, the same banking and industrial monopolists that dominate…
Tags: Streetwise
Hidden Culprit*
Indeed, neoliberalism supplanted Keynesianism which advocated active government intervention through public works projects and fiscal and monetary policies to ensure economic stability and growth. The impression created is that government thereafter stood aside disinterestedly while market forces operated freely. Thus, even when “neoliberal globalization” started wreaking greater havoc on weak economies rather than globalize progress…
Greed at the Heart of Capitalism
Capitalism is built and thrives on, in fact requires and rewards greed–the more excessive the better. By greed we mean the relentless drive for the most profit–wealth appropriated from the labor of others–with the least scruples, in order to reinvest and gain even more profit in a continuing spiral of thievery and rapacity or, plainly…
Capitalism’s Unsoundness
There is a large measure of truth to the observation of an increasing number of analysts that the fundamental reasons for the meltdown we are witnessing today–the fundamental and fatal “unsoundness” of the capitalist system–had long been rigorously and scientifically analyzed 120 years ago, just as it was about to enter its monopoly stage. BY…
US Troops Back
Seventeen years ago, the Philippine Senate voted to reject the renewal of the RP-US Military Bases Agreement, ending more than 40 years of US military presence and activity in the Philippines. The decision was met with acclaim from nearly all quarters, indicating it had broad support from the population. Within a year, the Filipino people once…