To its everlasting shame, Robinhood assisted “the house” in its cheat. Above and beyond any legal or regulatory price it pays for its perfidy, it’s also outed its own claims of financial “democratization” as deceptive hype.
The rapid rise of Covid-19 has spawned a renaissance in socio-economic thinking about the best way to face the future, as mayors of cities throughout the world search for answers in the face of declining revenues while society demands more urgent help. Eureka! Amsterdam, the Venice of the North, discovers doughnut economics. With a click […]
The post Doughnut Economics Boots Capitalism Out! first appeared on Dissident Voice.
On November 9, as the first week of election disputes started to wind down, Big Pharma giant Pfizer Inc. announced that its COVID vaccine had been tested and shown to be 90 percent effective. The timing was… fortuitous; cue the crazies.
The staggering concentration of wealth at the top has deformed our governing institutions — new window dressing will not end oligarchy.
The post Chris Hedges: Papering Over the Rot appeared first on MintPress News.
According to a new report by Oxfam, ‘The Inequality Virus’, the wealth of the world’s billionaires increased by $3.9tn (trillion) between 18 March and 31 December 2020. Their total wealth now stands at $11.95tn. The world’s 10 richest billionaires have collectively seen their wealth increase by $540bn over this period. In September 2020, Jeff Bezos […]
One of the great unexamined questions of our times is why there is so much suffering, despair, misery and rage in the midst of unimaginable wealth. Naturally, pundits and politicians wish to avoid this question because an open public discussion of the widening wealth gap can impart critical insights into the nature and logic of […]
The post Late Capitalism and Its Runaway Inequality Problem first appeared on Dissident Voice.
You can’t expose how rigged the system really is without pushing against its power structures according to its own rules. When the entire system pushes back and boots you out in front of everyone, more people are made more aware that it is rigged. This can only be a good thing.
To grasp the sheer magnitude of U.S. economic inequality in recent years, consider its two major stock market indices: the Standard and Poor (S&P) 500 and Nasdaq. All the other relevant metrics likewise show that economic inequality in the United States kept worsening across the last half-century.
Americans were shocked to witness the assault on the capitol building on January 6, the day Congress was scheduled to ratify the presidential election. Washington DC and the nation’s state capitals remained on high alert through the inauguration as right wing groups promised more violent attacks. It’s easy to trace the proximate cause of this […]
