How Swedes and Norwegians Broke the Power of the 1 Percent

Both countries had a history of horrendous poverty. When the 1 percent was in charge, hundreds of thousands of people emigrated to avoid starvation. Under the leadership of the working class, however, both countries built robust and successful economies that nearly eliminated poverty, expanded free university education, abolished slums, provided excellent health care available to [...]

Read Full Post »

How US private insurance healthcare is failing

We suffer from high sky premiums, families are bankrupted by medical bills, and all of this is because health insurance companies need to keep their profits moving higher to keep those dividends growing, and pushing their share prices higher. The 99 percent pays the premiums, the 1 percent own the shares. Sounds like an income [...]

Read Full Post »

Are We Near the End of the Era of Crony Capitalism? The Government Policies That Redistribute Income from the 99 percent to the 1 percent

The war began with a savage legislative assault by President Ronald Reagan. Working people voted for him as he slaughtered their livelihoods, starved their schools, bankrupted their nation, laid the foundation for mass corruption and destroyed the retirement accounts of the elderly. Now the Occupy Movement has come to challenge Reagan’s legacy. How did we [...]

Read Full Post »

Bernanke has “finger on trigger” for new bond buys, Which suggests Obama’s view of the economy is sheer lunacy

The folks at the Federal Reserve have a grim view of the United States economy. They won’t raise historically low interest rates until late 2014, at the earliest, and Fed Chairman Ben Bernanke is ready to expand the money supply by purchasing more treasuries. This suggests Obama’s rosy outlook for the economy that he laid [...]

Read Full Post »

The Phoney Populist: Obama can’t and won’t fight the class war too soon

The American middle class hardly needs to be told that it’s struggling: Obama needs to name the enemy, not emote empathy, but he’s not likely to do that. He doesn’t care about the middle class, except during election time. That’s now, and three years ago, and ten years ago. Obama wasn’t politically around ten years [...]

Read Full Post »