financial crisis

Channel 4's attempt to stereotype and demonise all of Britain’s 2.49 million unemployed by focussing on just 6 carefully chosen people and showing them in the worst possible light in their programme Benefits Street last night was so successful that Twitter exploded with threats of violence and even death against the participantsThe post Threats of death and violence after Channel 4 programme Benefits Street appeared first on BSNEWS.

On the same day that the government announced it was scrapping the £180-million-a-year Social Fund for the destitute, a new survey showed that the big US internet companies operating in Britain have increased their UK sales last year by 18 per cent but paid even less tax to the Treasury than the year before.The post Tory Priotities Writ Large appeared first on BSNEWS.

The performance of the US economy from the mid-1970s to the present was no match for its relatively robust performance during what economists call the Golden Age – 1949 to 1973. This was in fact the longest period of sustained growth in US history, when most (white) working people had achieved a degree of material security unknown earlier and unattainable since.

Failures in the Economy & the End of “Constitutional Government”
On this edition of De-Manufacturing Consent: Guillermo is joined by columnist and former Assistant Security of the Treasury, Dr. Paul Craig Roberts. Guillermo and Dr. Roberts discuss the failures of the current economic system in the United States, and how and why the U.S. government can no longer be considered accountable to, or representative of, the people. Also, the importance of confronting these harsh realities, what can be done about it, and much more.

Every time we see a systemic failure such as the 2008 collapse of Lehman Bros and subsequent market panic, the inevitable question is “what is the government going to do about it?” Just as inevitably, the answer is that the government will pass more legislation, or even give more power to the very regulators who failed so signally to stop the crisis from occurring in the first place. The assumption is that the regulators are the defenders of the public interest and that they only need more money and authority to properly fulfill their mandate.