Chris Hedges Explains How Mega Corporations and Banks Have Obliterated Capitalism, video — CSPAN Miami Book Fair, July 8, 2015 It’s no mistake, it did not happen by accident, that our economic and environmental livelihoods are in turmoil. It is a direct result of an economy and a culture that turns everything into a commodity which can be bought, sold and destroyed for the right price.
The Corporate Coup d’Etat is Nearly Complete By Harvey Wasserman, Common Dreams, November 05, 2014 — Nothing is clear now except that it won’t be easy …Our electoral apparatus is thoroughly compromised by oceans of dirty money, Jim Crow registration traps, rigged electronic voting machines, gerrymandering, corrupt secretaries of state. The internet may be next. Above all, if there is one thing that could save us a shred of democracy, it’s preserving net neutrality… If we now lose the ability to freely communicate, we are in the deepest hole of all…Thus the GOP has been enthroned by a half-century of Democrats who’ve helped drag us into endless war, ignored our electoral rights and sold their souls—and the nation’s—to a zombie army of corporate operatives…The money power has ruled this nation before. This time it means a whole new level of all-out war against social justice, our basic rights, our ability to live in harmony with our Mother Earth.
The Finance Industry Is Gorging Itself on Your Future—The Trend Lines Will Blow You Away By Les Leopold, AlterNet, December 31, 2014
Stopping the Biggest Corporate Power Grab in Years [Trans-Pacific Partnership (TPP)]by Arthur Stamoulis, commondreams.org, January 06, 2015
Stopping the Biggest Corporate Power Grab in Years (TPP)
How Corporations Are Cheating Millions of School Children Out of Billions in Education Funds
Stopping the Biggest Corporate Power Grab in Years [Trans-Pacific Partnership (TPP)] by Arthur Stamoulis, commondreams.org, January 06, 2015
Checks & Imbalances — Memo: From Nick Hanauer To: My Fellow Zillionaires, www.politico.com, June 2014 You probably don’t know me, but like you I am one of those .01%ers, a proud and unapologetic capitalist.…people like you and me are thriving beyond the dreams of any plutocrats in history, the rest of the country—the 99.99 percent—is lagging far behind. The divide between the haves and have-nots is getting worse really, really fast.…If we don’t do something to fix the glaring inequities in this economy, the pitchforks are going to come for us.…It’s not if, it’s when…Revolutions, like bankruptcies, come gradually, and then suddenly.… If inequality keeps rising as it has been, eventually it will happen. We will not be able to predict when, and it will be terrible—for everybody. But especially for us…Capitalism,…can be managed either to benefit the few in the near term or the many in the long term. The work of democracies is to bend it to the latter.…We should never forget that…the United States of America and its middle class made us, rather than the other way around. Or we could sit back, do nothing, enjoy our yachts. And wait for the pitchforks.
“Crony capitalism is about the aggressive and proactive use of political resources, lobbying, campaign contributions, influence-peddling of one type or another to gain something from the governmental process that wouldn’t otherwise be achievable in the market…Money dominates politics. As a result we have neither capitalism nor democracy. We have crony capitalism.” David Stockman, former budget director for President Reagan
Noam Chomsky: Can Civilization Survive Capitalism? By Noam Chomsky, AlterNet, March 5, 2013
Another Atrocious Corporate Trade Scheme Planned in Secret Comes to Light WikiLeaks shows that big corporations and the billionaires behind them consider themselves powerful enough to just ignore governments. By Dave Johnson, Campaign for America’s Future, posted on Alternet.org, June 20, 2014
How capitalism enriches the few rather than the many By Harold Meyerson, Washington Post, April 2, 2014 – Michael Lewis’s “Flash Boys,”…explains how the fastest-growing form of trading enriches the few at the expense of the many, the other book, Thomas Piketty’s “Capital in the Twenty-First Century,” provides a more fundamental and disquieting explanation: how capitalism itself enriches the few at the expense of the many.…[Piketty] has shown that the share of Americans’ income going to the wealthiest 1 percent has risen to the level last seen just before the 1929 crash…with heightened accumulations of wealth come heightened accumulations of political power — a shift toward plutocracy to which Wednesday’s Supreme Court decision, permitting the wealthy to contribute to as many electoral campaigns as they wish, adds a helpful push…“No self-corrective mechanism exists” within capitalism to retard this descent into plutocracy, he writes. Rather, he concludes, its prevention requires political action…Lewis gives us a great read on today’s latest scam. Piketty gives us the most important work of economics since John Maynard Keynes’s “General Theory.”
The Evils of Unregulated Capitalism by Joseph E. Stiglitz, Al Jazeera, July 10, 2011 July 10, 2011 Just a few years ago, a powerful ideology — the belief in free and unfettered markets — brought the world to the brink of ruin. Even in its hey-day, from the early 1980s until 2007, US-style deregulated capitalism brought greater material well-being only to the very richest in the richest country of the world. Indeed, over the course of this ideology’s 30-year ascendance, most Americans saw their incomes decline or stagnate year after year.
Conservative Fantasies About the Miracles of the Market by Robert Jensen, Common Dreams, January 23, 2012 - A central doctrine of evangelicals for the “free market” is its capacity for innovation: New ideas, new technologies, new gadgets — all flow not from governments but from individuals and businesses allowed to flourish in the market…As is often the case in faith-based systems, reconciling doctrine to the facts of history can be tricky.…thought of the long list of modern technological innovations that came directly from government-directed and –financed projects…without the foundational research funded by government, none of those products and services could exist…The larger context for this assertion of market fundamentalism is the ongoing political project to de-legitimize any collective action by ordinary people through government. Given the degree to which corporations and the wealthy dominate contemporary government, from the local to the national level, it’s not clear why elites are so flustered; they are the ones who benefit most from government spending. But politicians and pundits who serve those elites keep hammering away on a simple theme — business good, government bad — hoping to make sure that the formal mechanisms of democracy won’t be used to question the concentration of wealth and power. Throughout history, the political projects of the wealthy have been driven by propaganda. There is no reason to expect that to change anytime soon, which means popular movements for economic justice and ecological sustainability not only have to struggle to change the future but also to tell the truth about the past.
Reclaiming Our Imaginations from ‘There Is No Alternative’ by Andrea Brower … Capitalism — the logic of subordinating every aspect of life to the accumulation of profit (i.e. the “rules of the market”) — has become today’s “common sense.” …What sustains the tragic myth that There Is No Alternative? Those committed to building a more just future must begin re-thinking and revealing the taken-for-granted assumptions that make capitalism “common sense,” and bring these into the realm of mainstream public debate in order to widen horizons of possibility…