President Donald Trump reportedly signed executive orders that will remove the United States from the Trans-Pacific Partnership (TPP) and start a renegotiation of the North American Free Trade Agreement (NAFTA). It increases the possibility that the Trump administration will deliver a fatal blow to neoliberal globalization. That such actions came
A report from Oxfam International shows eight men own as much wealth as the poorest 3.6 billion people in the world. Oxfam says new data from India and China suggests previous estimates of global wealth concentration credited the poorest half of the world with too much wealth. The report is
President-elect Donald Trump’s chief of staff Reince Priebus says there are no plans to cut Social Security or Medicare. This was Trump’s position throughout the Republican primaries and general election. But Priebus was less blunt on whether the expansion of Medicaid brought by the Affordable Care Act (aka Obamacare) would
On Martin Luther King Jr. Day, the establishment (and their media) like to celebrate MLK’s love of imperial America and centrist economic doctrine. The symbol celebrated bares little resemblance to the actual man and his ideas. There is a reason the FBI orchestrated a well-resourced campaign to destroy King that
President Barack Obama gave his farewell speech and lamented inequality, saying, “For all the real progress we’ve made, we know it’s not enough. Our economy doesn’t work as well or grow as fast when a few prosper at the expense of a growing middle class.” Obama continued, “But stark inequality
The FBI arrested former Volkswagen executive Oliver Schmidt on charges of conspiracy to defraud the United States. Schmidt was in charge of emissions compliance for Volkswagen and is believed to have participated in a scheme to fake emissions levels to meet U.S. government requirements for pollution. Volkswagen cheated U.S. emission
To understand how the Affordable Care Act never became popular, we need to understand two artificial constraints imposed by Obama that doomed it.
Given President-elect Trump’s commitments and the popularity of Social Security and Medicare, will he go along with Paul Ryan’s plan to destroy the programs?
People regularly ask how Facebook, with its massive data management costs, can offer its service for free. The answer is simple, the product is you.
In the wreckage of the 2008 financial crisis many Americans looked for someone to blame. The official explanations came in waves. First there was the “these things just happen” story. It was essentially what Wall Street and Corporate America wanted people to believe, which the mainstream media (owned by them)