Eric Zuesse The U.S. Government tries to hide how obscenely top-end the nation’s wealth-distribution is; but one remarkably clear presentation of it (the U.S. private-wealth distribution) was the web-page from the Board of Governors of the Federal Reserve System that presented an “Overview” of “Distribution of Wealth” starting in “1989:Q3” and extending up till “2021:Q2”. […]
The top-down assault on living and working standards continues unabated worldwide. This is coupled with the growing pressure on everyone to fend-for-themselves like animals, which is engendering greater insecurity and instability with each passing month. Even worse, no meaningful and lasting relief is on the way, only more suffering. Major corporations, however, are having a […]
As the long depression that started many years ago deepens, it can be seen that there is no letup in deteriorating economic and social conditions at home and abroad. The so-called “death spiral” continues worldwide. Many new records are being set, sometimes every week or every day. Instability, chaos, and anarchy are becoming more entrenched […]
The post “Booming” Economy Leaves Millions Behind: Part Nine first appeared on Dissident Voice.
Economic and social disasters continue to increase worldwide. There is no “healthy recovery” from the pandemic. The level of irreparable harm being caused by the inability and unwillingness of the ruling elite to solve any problems, even small problems, is glaring. With no sense of shame or irony, the chairman of the U.S. Federal Reserve, […]
The post “Booming” Economy Leaves Millions Behind: Part Eight first appeared on Dissident Voice.
Below is part seven of the series called “Booming” Economy Leaves Millions Behind. Forty facts on U.S. and international conditions, some updated and some new, are provided below. Once again, many economic records are being broken by a crisis-prone economy dominated by big business. Links to the first six parts of this series, which collectively […]
The first five parts of this series contain more than 115 facts on economic and social conditions at home and abroad and can be found at the end of this article. This article provides more than 30 facts and focuses mostly, but not entirely, on the U.S. Some facts are important updates of already-reported facts […]
The post “Booming” Economy Leaves Millions Behind: Part Six first appeared on Dissident Voice.
Remember how the notion of freedom was spun by the ideologues of neoliberalism for decades prior to COVID? The freedom to consume. The freedom to make money. The freedom to be plunged into poverty and debt. Platitudes about ‘individual responsibility’ and ‘standing on your own two feet’. A relentless ideological attack on the state […]
This is a little soft-shoe pissed off blathering from me, so apologies up front. No big news on the Ukraine Invasion front, or the Gates Owning All the Farms front, or the Climate-Wall Street-Chronic Illness front. Nothing related to the MICIMATT (Military-Industrial-Congressional-MEDIA-Academia-Think-Tank) front. Just plain old burnt toast and spilled milk from a radical who […]
Capital-centered economics is unscientific and irrational. It does not provide people with a coherent, integrated, and cogent understanding of the economy. Instead it increases confusion every day, leaving people rudderless and disoriented about what is really happening. The capitalist economic system is always chaotic, anarchic, and violent, but the last two years have been more […]
Real human needs are easily defined, and rational economic policies on a global scale could readily fulfill them. Yet in the last 50 years, the disastrously fraudulent, supply-side economic policy has resulted in the truly astounding accumulation of wealth by less than one-hundredth of 1% of the world’s population. The rationale for this “neo-liberalism”: drastically […]
