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
Saturday, 26 August 2017
The Collapse Is Coming! Prepare For The Imminent Economic Collapse 2017 | Stock Market Crash!
Labels:
stock market crash,
The Economist
Friday, 25 August 2017
Wednesday, 23 August 2017
Richard Wolff: Has the Economy Hit a New Crisis Milestone?
Tuesday, 22 August 2017
Trump's Plan to Cut His Own Taxes
Labels:
Donald Trump,
taxation
Monday, 21 August 2017
Greece Is Battling Tax Evasion | DW Documentary
Tax evasion cheats the Greek state of an estimated 11 to 16 billion euros each year – one-third of the amount of taxes that ARE collected. Two years ago, Prime Minister Alexis Tsipras promised to stop large-scale tax flight and tax fraud. Such declarations were nothing new, but now something is actually happening. Tax inspectors audit businesses, shops, and restaurants. The owners are seldom cooperative. We accompany two inspectors on their rounds.
Labels:
documentary,
DW English,
Greece,
tax evasion
GOP Is Walking Away from Trump: Stuart Varney
Labels:
Donald Trump,
economic growth,
GOP,
Stuart Varney
Sunday, 20 August 2017
The Stock Market - Siphoning To The Rich - Peter Joseph & Abby Martin
Joseph began his professional career working in advertising and as a private equity trader on Wall Street. In 2007, he produced a live performance art piece in New York City that he entitled "Zeitgeist." A film version was created and released by Joseph online and went viral with millions of views.
Peter Joseph is the founder of the Zeitgeist Movement, a grassroots, worldwide organization that advocates an alternative economic system based on sustainability, cooperation and human need. His most recent book, ‘The New Human Rights Movement,’ delivers a startling exposé about the violent oppression that defines our economic order, while issuing an urgent call for global activism to unite to replace it.
Abby Martin is an American journalist and presenter of The Empire Files, an investigative news program on the socialist state-funded satellite network teleSUR English[2][3] and YouTube.[4] She was formerly the host of Breaking the Set on the Russian network RT America, working from the Washington, D.C. bureau.[5] Before hosting her own show, she had worked for two years as a correspondent for RT America.
Martin is also an artist and activist, and helped found the citizen journalism website Media Roots. She serves on the board of directors for the Media Freedom Foundation which manages Project Censored.
Labels:
stock market,
the rich
Wednesday, 16 August 2017
Obama's Legacy - Rewarding the Rich - Richard Wolff
Tuesday, 15 August 2017
Economic Update: Faith & Labor Fight Inequality
Labels:
Dr Richard Wolff,
economic update
Sunday, 13 August 2017
The Crash Is Coming! Prepare For The Imminent Economic Collapse 2017 | Stock Market Crash!
Labels:
stock market crash
How the Rich Get Richer – Money in the World Economy | DW Documentary
For years, the world’s central banks have been pursuing a policy of cheap money. The first and foremost is the ECB (European Central Bank), which buys bad stocks and bonds to save banks, tries to fuel economic growth and props up states that are in debt. But what relieves state budgets to the tune of hundreds of billions annoys savers: interest rates are close to zero.
The fiscal policies of the central banks are causing an uncontrolled global deluge of money. Experts are warning of new bubbles. In real estate, for example: it’s not just in German cities that prices are shooting up. In London, a one-bed apartment can easily cost more than a million Euro. More and more money is moving away from the real economy and into the speculative field. Highly complex financial bets are taking place in the global casino - gambling without checks and balances. The winners are set from the start: in Germany and around the world, the rich just get richer. Professor Max Otte says: "This flood of money has caused a dangerous redistribution. Those who have, get more." But with low interest rates, any money in savings accounts just melts away. Those with debts can be happy. But big companies that want to swallow up others are also happy: they can borrow cheap money for their acquisitions. Coupled with the liberalization of the financial markets, money deals have become detached from the real economy. But it’s not just the banks that need a constant source of new, cheap money today. So do states. They need it to keep a grip on their mountains of debt. It’s a kind of snowball system. What happens to our money? Is a new crisis looming? The film 'The Money Deluge' casts a new and surprising light on our money in these times of zero interest rates.
Labels:
money,
the rich,
world economy
Friday, 11 August 2017
The Highs and Lows of British Airways - BBC Newsnight
Labels:
BBC Newsnight,
British Airways
Thursday, 10 August 2017
Tuesday, 8 August 2017
Karl Marx - Vital to Understanding Capitalism - Richard Wolff
Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York. Wolff has also taught economics at Yale University, City University of New York, and the University of Paris I (Sorbonne).
Labels:
capitalism,
communism,
Dr Richard Wolff,
Karl Marx
Australia Hosts Commodity Conference as Prices Fall
The summit is taking place against a backdrop of falling commodity prices, which has led to concerns over the economy.
Australia, however, has managed to weather the storm.
Al Jazeera's Andrew Thomas reports from Kalgoorlie, Australia.
Labels:
Australia,
commodities,
gold,
gold mining,
Kalgoorlie
Monday, 7 August 2017
Swamp Watch: The Decriminalization of White Collar Crime
Sunday, 6 August 2017
Vince Cable Hits Out at Hardline Brexit 'Martyrs'
Sir Vince Cable has criticised older voters who see economic pain as a price worth paying for leaving the EU, saying those who think of themselves as “Brexit martyrs” are shafting young people.
The Liberal Democrat leader said it was dangerous to see those people as martyrs because they would not be the ones to suffer most from the effects of Brexit.
Writing in the Mail on Sunday, he claimed older Brexit voters with views “coloured by nostalgia for an imperial past” had imposed their will on younger generations more comfortable with the EU.
His strongly worded attack came after a YouGov poll suggested 61% of leave voters would consider significant damage to the British economy to be a price worth paying for leaving the EU. » | Rowena Mason, Deputy Political Editor | Sunday, August 6, 2017
Labels:
Brexit,
Vince Cable
The Basic Economics of National Health Insurance - Richard D. Wolff
Economist Richard Wolff Destroys Bill O’Reilly
Labels:
Bill O'Reilly,
Dr Richard Wolff
Saturday, 5 August 2017
The Obscene Distribution of Wealth in the U. S. – Richard Wolff
This clip is from Professor Wolff's Economic Update for February 2017.
Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York. Wolff has also taught economics at Yale University, City University of New York, and the University of Paris I (Sorbonne).
Labels:
Dr Richard Wolff,
Europe,
USA,
wealth distribution
How the Upper Middle Class Keeps Everyone Else Out
Labels:
social class,
the one per cent,
USA
Moscow Strikes Back: US Sanctions Push Russia Closer to Dumping the Dollar
Labels:
Moscow,
Russia,
US dollar,
US sanctions
Trump Is Turning Against the White Working Class that Elected Him
Friday, 4 August 2017
Greek Economy Struggles to Rebound
Labels:
Greece,
Greek economy,
taxes
Thursday, 3 August 2017
Wednesday, 2 August 2017
Dr. Richard Wolff - Is the Global Financial Crisis Close?
Tuesday, 1 August 2017
Marxist Economist Debates with Fox's Stuart Varney about Socialism
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