Sikivu Hutchinson: Suckle the masses on the belief that having a choice of one hundred pair of Nike shoes is democracy and you’ll have them for a penny or a trashy reality show.
Steve Hochstadt: European newspapers have noted that Republicans portray Europe not as a kindred continent, but as the kind of dystopian society the US might become should the wrong person win.
They can tear down a tent, they can eject a body, but they cannot evict an idea once it is rooted in the hearts and minds of a People.
Rachel Burstein: For many, participating in Occupy Detroit may appear to mean cutting off the hand that feeds them—and failing to address the structural issues underlying Detroit’s poor economic state.
John Peeler: One of the most striking features of our current global economic morass is that many Third World economies are weathering the crisis rather well, while the supposed leaders of the world economy (the United States, the European Union, the Japanese) are in deep trouble that looks to get deeper.
Bill Londrigan: We can look back and see the carnage that the corporate war on workers and their unions has wrought: a decline in wages, benefits, unions and jobs–while corporations and the wealthiest one-percent have amassed the largest concentrations of wealth in history.
Walter Brasch: Although China is the world’s second largest economic power behind the U.S. and this country’s largest creditor, there is no need to fear either its economy or its military power. It has already sown the seeds of its own destruction.
Rev. Irene Monroe: This Kwanzaa holiday, I’ll head out to the neighborhood store to purchase my red, black and green candles for the kinara, because I know that the strength of the U.S. economy is found in its multicultural small community owned businesses that reflect our nation’s diversity. And in so doing, I would also be honoring the fourth principle of Kwanzaa which is cooperative economics.
Jim Fuller: Everything the American public has been told by the corporate news media about the anti-austerity uprisings in France, England and other European countries is a lie.
Steve Hochstadt: We grredy American homeowners appear as co-conspirators in many judgments about what caused the great recession. In these interpretations, many of us were greedy for wanting bigger homes than we deserved, foolish to have then bought larger houses than we could afford, and stupid for agreeing to the low-interest/low-payment scams of mortgage sellers.
Robert Reich: So why is the FTC nosing around Apple and not around Wall Street? Because the Federal Trade Commission Act allows the agency to stop “unfair methods of competition” almost anywhere in the economy except in the financial sector. Banks are explicitly excluded. Another reason for financial reform.
If Maria Shriver’s name or Oprah’s were not attached to this report, would it have attracted close cooperation with John Podesta’s Center for American Progress (CAP)?
Antitrust law was designed to prevent just this sort of market power and political heft. The Justice Department or the Federal Trade Commission should investigate the new-found dominance of Goldman and JP — and, if warranted, break them up.