Ellen Brown: The fiscal cliff has been said to be holding Congress hostage to conservative demands, but the real hostages are the debt slaves of our financial system.
Bobbi Murray: Walmart is well-equipped to forge ahead despite scandal and without ALEC, tidily attending to image-protection and lobbying chores on its own. The company, after all, has carefully worked Washington circles over the last decade.
Shamus Cooke: The banking oligarchy is so intertwined with the political and economic establishment that real regulatory change cannot happen until the system itself is transformed from below, by a powerful social movement. Pleading to politicians to fix so-called Casino Capitalism is increasingly naive.
Bobbi Murray: Walmart de Mexico (called “Walmex”—no kidding) was alleged to have spread around $24 million or so in bribes to make sure Walmart’s presence there expanded at a rate that eclipsed the competition.
Robert Reich: Most of the gains from the productivity revolution are going to the owners of capital, while typical workers are either unemployed or underemployed, or else getting wages and benefits whose real value continues to drop.
LAANE: Small business leaders have expressed serious concerns about Walmart’s impact on existing businesses, while opponents have long maintained that Walmart’s entry into the grocery industry would create a race to the bottom
Robert Reich: American business won’t and can’t lead the way to more and better jobs in the United States. First, the private sector is increasingly global, with less and less stake in America. Second, it’s driven by the necessity of creating profits, not better jobs.
Walter Brasch: Even the most oblivious recognize the protestors as a large cross-section of America. They are students and teachers; housewives, plumbers, and physicians; combat veterans from every war from World War II to the present.
Ellen Brown: When done on a large enough scale, short selling can force prices down, allowing assets to be picked up very cheaply.
Robert Reich: Now that we’re slouching toward a double-dip recession, the only hope is voters will tell their members of Congress to stop obsessing about future budget deficits and get to work on the real crisis of unemployment, falling wages, and no growth.
Robert Reich: Our representatives in the nation’s capital continue to obsess about future budget deficits and games of chicken over raising the debt ceiling — neither of which has anything at all to do with the stalled recovery and the carnage on the Street.
Robert Reich: This gusher is an embarrassment for an industry seeking to keep its $4 billion annual tax subsidy from the U.S. government, at a time when we’re cutting social programs to reduce the budget deficit.
Lydia Howell: Whether it’s debt-ridden college graduates working as baristas or small town youth with only fast-food and Wal-Mart as post-high school career options, high unemployment keeps a volunteer military ranks full.