RJ Eskow: We are told that AIG and the big banks were rescued in order to prevent a systemic failure. But there was a systemic failure of sorts. In fact, there were a number of them.
RJ Eskow: America’s cities are well-positioned to act as engines for progressive change. De Blasio’s New York is playing a critical role in this process of urban transformation.
Richard Eskow: It’s greed, not government, which subjugates us today. Nobody wants to be an insect, but Rand and her followers want to turn society into a hive filled with sociopathic bees. When that happens, as the investors in Chile learned, somebody’s bound to get stung.
RJ Eskow: Today’s blatantly amoral capitalism is an anomaly in modern history, a throwback to the days of the Industrial Revolution. But it is an anomaly we can no longer afford.
RJ Eskow: Their instinct seems to be to trumpet what’s right about the economy instead. But that message won’t resonate when economic conditions are so miserable for so many people.
RJ Eskow: There are only a handful of issues that can energize that base, especially this late in the election season, and the minimum wage may be the most powerful of them all.
RJ Eskow: The actual rate paid by American corporations, once they’re done applying all the loopholes their lobbyists in Washington have designed, their actual rate is at the low end of the global tax spectrum – and this at a time when many corporations are achieving record-breaking profits.
RJ Eskow: Expanding the ACA’s executive-pay provision to all companies, and improving its design even more, would begin the process of removing incentives for senior executives to put their companies at risk and disregard the needs of employees and customers.
RJ Eskow: We need to start thinking about our nation’s “economies,” of which there are at least two. There is the one that is inhabited by corporations, the wealthy, and the investor class. Call that one the “elite economy.” Then there’s the other economy, the one where most of us live.
Richard Eskow: News coverage reinforces frightening perceptions which are reinforced by a seemingly endless stream of violent imagery in popular culture and political rhetoric.
RJ Eskow: If a recent article there is correct – if the Democratic Party’s strategy this year really is “Running as a Dem (while) sounding like a Republican” – then the party may be headed for a disaster of epic but eminently predictable proportions.
Richard Eskow: How big is a $16 Billion Bank Fraud Settlement, really? Reports say that a $16 to $17 billion settlement will soon be announced between the Justice Department and Bank of America.
Richard Eskow: Our long national nightmare is over – for the moment. Congress has adjourned for summer recess after a session that can safely be described as “historic,” both for its historic lack of accomplishment and the historically low regard in which it is now held by the public.