Born on Home Plate

Remember the satirical “Billionaires for Bush” protesters? Around this time in 2008 I asked them to become Oligarchs for Obama, and they refused. But I predict Tycoons for Trump will be born this month. Inequality, like war and climate destruction, has its face now.

Chuck Collins? book, Born on Third Base: A One Percenter Makes the Case for Tackling Inequality, Bringing Wealth Home, and Committing to the Common Good, presents the problem of inequality as well as any I?ve read more

What Hillary Clinton Privately Told Goldman Sachs

At first glance, Hillary Clinton’s speeches to Goldman Sachs, which she refused to show us but WikiLeaks claims to have now produced the texts of, reveal less blatant hypocrisy or abuse than do the texts of various emails also recently revealed. But take a closer look.

Clinton has famously said that she believes in maintaining a public position on each issue that differs from her private position. Which did she provide to Goldman Sachs?

Yes, Clinton does profess her loyalty to corporate trade read more

The Financialization of Fiction, and Vice Versa

The Utopia of Rules by David Graeber is an engaging riff on the theme of bureaucracy and the BS people think about it.

?De-regulation,? of finances, Graeber points out, creates more rules, paperwork, and bureaucrats, apparently because what happens is not the equivalent of firing a bunch of factory safety inspectors, but rather the employment of enough bureaucrats to redirect control of wealth from mid-sized companies to giant conglomerates. Yet, just as people imagine criminals to read more

It's the Ownership

If you’re like me you’ve read several books that list inspiring examples of worker owned businesses and co-ops, suggesting that expanding on such models might begin to right the wrongs of an incredibly unequal society that is growing even more unequal by the day.

The best such collection I?ve found is in a new book by Gar Alperovitz called What Then Must We Do?  This book also offers a powerful argument that radical change is needed, albeit an argument with some read more

Occupy Movement Demands Home Mortgages Correction

On Thursday, OccupyWashingtonDC.org teamed up with the Backbone Campaign, National People’s Action, and the New Economy Working Group in a march from Freedom Plaza to the Federal Housing Finance Administration (FHFA).

The demand they brought, along with giant props including a foreclosed house under water, was for a correction.  The 1%, they said, inflated house values and made off with ill-gotten gains, but those left with underwater mortgages when the house values were brought back read more