On CNN March 14, Roger Altman, a former deputy Treasury secretary in the Clinton administration, said that American banks were on the verge of being nationalized: What the authorities did over the weekend was absolutely profound. They guaranteed the deposits, all of them, at Silicon Valley Bank. What that really means … is that they have […]
Did Congress just nationalize the Fed? No. But the door to that result has been cracked open. Mainstream politicians have long insisted that Medicare for all, a universal basic income, student debt relief and a slew of other much-needed public programs are off the table because the federal government cannot afford them. But that was […]
Axios News reports that the Trump administration is considering the prospect of nationalizing the forthcoming 5G network when it begins to be built in the United States. Naturally, this idea is controversial, as private enterprise has been in charge of much of commercially used spread spectrum technology in the the USA for decades.
The proposal would limit itself to 5G networks only, and not to previous technologies or different ones.
The world is undergoing a populist revival. From the revolt against austerity led by the Syriza Party in Greece and the Podemos Party in Spain, to Jeremy Corbyn’s surprise victory as Labour leader in the UK, to Donald Trump’s ascendancy in the Republican polls, to Bernie Sanders’ surprisingly strong challenge to Hillary Clinton – contenders with their fingers on the popular pulse are surging ahead of their establishment rivals.
It is a sometimes overly rich recipe, starched with violence and populism, but Latin American politics is something to behold. In the Americas, experiments have been run and tried with brutal consequences. Revolutions and counter-revolutions have been plotted and enacted. The good have tended to be a short time in office, while the coup d’état has had something of a long history.
