Ellen Brown: Victoria Grant said that banks create money “out of thin air” and lend it to people and governments at interest. If governments borrowed from their own banks, they could keep the interest and save a lot of money for the taxpayers.
Reimagining Capitalism: An End to Mythologies
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John Peeler: The economy, like the polity, ought to be democratically controlled. Democracy should operate at the level of the firm as well as the community: employees should be owners.
Our Nation Has Been Manchurian Candidaterized
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Jerry Drucker: Five major corporations own most all of the media, including TV. Very soon, when the GOP rules the House, there will be no more PBS or NPR. Sesame Street will be replaced by K Street and daily news will come straight from the RNC.
We Ignore Our Infrastructure at Our Peril
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Carl Zimring: The tragedy in San Bruno should draw our attention to infrastructure. Millions of homes across the U.S. are woven together in networks.
Lincoln to the Rescue
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Robert Reich: Blanche Lincoln wants to force the banks to put their derivatives into separate entities that aren’t subsidized by you and me. This is just common sense. Her move would also end the big banks’ monopoly over derivatives, thereby reducing their risk to the financial system. It would also cut dramatically into the big banks’ profits.
Intellectual Monopoly Is an Unnecessary Evil
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In a rush to stimulate the economy, the Obama administration is touting various “visionary” plans to make the American economy more progressive, more innovative, and more forward-looking by subsidizing politically-motivated projects like “green” technology. These hands-on policies will be ineffective. Recent research suggests that a much more effective way to accomplish the same goals would [...]
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Being Right or Being Good
Steve Hochstadt: The ability to offer anonymous and uncensored opinions to the world, that is now offered for free by the internet, has greatly increased the forcefulness with which more and more people assert their superior knowledge and everyone else’s confusion.