Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Homebuyers in London’s most exclusive central postcodes are securing typical discounts of more than £350,000 off the asking price of properties as reductions reach their highest level in almost a decade.
The Senate passed legislation that's gonna repeal protections that had been put in place with the Dodd Frank Act. Ring of Fire’s Mike Papantonio and Peter Mougey discuss this issue.
Executives of Sears stand to gain up to $1 million in bonuses, should Sears be liquidated, and $500,000 if it’s restructured. Meanwhile, ordinary workers at Sears are being laid off without severance payments. Bill Black talks about how US bankruptcy law is rigged to favor executives
David Harvey, Distinguished Professor of anthropology and geography at City University of New York and author of "A Brief History of Neoliberalism" argues with Chris Hedges that Neoliberalism, the manta of the global corporate elites, has created the worst income inequality in American history.
While much attention has been paid to Republican-backed tax cuts for the wealthiest, a new report reveals that even local levies take a greater share of income from the poor than the rich
The now-solidly right wing US Supreme Court is on track to deliver some very serious blows to consumer protections and the rights of American citizens with court cases that have already been heard. These cases could severely alter the justice system in the United States and make it harder for consumers to hold corporate abusers accountable. Ring of Fire’s Mike Papantonio and Farron Cousins discuss this.
