Economic Articles Excerpt List

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The Fading Scent of the American Dream

[Economic] The Fading Scent of the American Dream by Charles Hugh Smith Posted November 20, 2017 This is the reality: the American Dream is now reserved for the top 0.5%, with some shreds falling to the top 5% who are tasked with generating a credible illusion of...

Consumers fare better under class actions than arbitration

[Justice] Consumers fare better under class actions than arbitration By Heidi Shierholz Posted November 19, 2017 In recent weeks, members of Congress have introduced legislation to repeal the CFPB rule and take away consumers’ newly restored right to band together in...

How The Elite Dominate The World

[Economic] How The Elite Dominate The World By Michael Snyder Posted November 12, 2017 Here in the United States, most people just assume that the federal government creates money. But that is not true at all. Many are absolutely shocked when they discover that U.S....

The Great College Loan Swindle

[Economic] The Great College Loan Swindle By Matt Taibbi Posted November 8, 2017 Americans don’t understand the student-loan crisis because they’ve been trained to view the issue in terms of a series of separate, unrelated problems. They will read in one...

The Endgame of Financialization: Stealth Nationalization

[Economic] The Endgame of Financialization: Stealth Nationalization by Charles Hugh Smith Posted November 7, 2017 This is the new model of nationalization: central banks control the valuation of private-sector assets without actually having to own them lock, stock and...

How our banking system destroys the free market

[Economic] How our banking system destroys the free market By Chris Kanthan Posted November 6, 2017 It will be shocking to many Americans that our free market system is deeply and fundamentally flawed. Many people understand that we have crony capitalism that creates...

It’s Time to Rewrite the Rules of Our Economy

[Economic] It’s Time to Rewrite the Rules of Our Economy By Tim O’Reilly Posted November 2, 2017 Future economic historians may look back wryly at this period when we worshipped the divine right of capital while looking down on our ancestors who believed in the divine...

Good Debt; Bad Debt

[Economic] Good Debt; Bad Debt by David Korten Posted October 31, 2017 The debt-based money system that is the foundation of Wall Street’s control of the economy and society is based on an underlying logic. So long as its practice is true to that logic, the debt model...

How CEO Stock Buybacks Parasitize the Economy

[Economic] How CEO Stock Buybacks Parasitize the Economy by Ralph Nader Posted October 28, 2017 Hyper enrichment of a handful of radical corporate state supremacists wasn’t what classical capitalism was supposed to be about. The monster of economic waste—over $7...

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