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thinkahol *

Messages from the Occupy Wall Street Protest - YouTube - 0 views

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    Occupy Wall Street: The Beginning Joe Rogan on Occupy Wallstreet:http://www.youtube.com/watch?v=DjMcDXGkR8I Network -- Corporate Cosmology:http://www.youtube.com/watch?v=BqEcLlp_Big THE CORPORATION [1/23] What is a Corporation?:http://www.youtube.com/watch?v=Pin8fbdGV9Y What CNN doesn't want you see ever again:http://www.youtube.com/watch?v=E_2aTzC_4kY Poll: Americans Distrust Governmenthttp://www.youtube.com/watch?v=ylEEnEp0Lbg Elizabeth Warren: Death of the Middle Classhttp://www.youtube.com/watch?v=PBf70qX1sBw Dylan Ratigan (rightfully) loses it on air:http://www.youtube.com/watch?v=gIcqb9hHQ3E GREEN WAR:http://www.youtube.com/watch?v=BQ864ucbR_4 Network - Mad as hellhttp://www.youtube.com/watch?v=90ELleCQvew In the House, In a Heartbeat - John Murphy:http://www.youtube.com/watch?v=ST2H8FWDvEACategory:News & Politics
thinkahol *

Study shows that one 'super-corporation' pulls the strings of the global economy | Mail... - 0 views

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    A University of Zurich study 'proves' that a small group of companies - mainly banks - wields huge power over the global economy. The study is the first to look at all 43,060 transnational corporations and the web of ownership between them - and created a 'map' of 1,318 companies at the heart of the global economy. The study found that 147 companies formed a 'super entity' within this, controlling 40 per cent of its  wealth. All own part or all of one another. Most are banks - the top 20 includes Barclays and Goldman Sachs. But the close connections mean that the network could be vulnerable to collapse
Giorgio Bertini

China's state capitalism and multinationals - 0 views

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    As China gains dominance on the world stage, more and more multinational corporations will need to rethink their assumptions about competing under its state-capitalism model-one in which the government is the principal economic driver. So says Ian Bremmer, president of the political-risk consulting firm Eurasia Group and author of the upcoming book The End of the Free Market: Who Wins the War Between States and Corporations? In this video interview, Bremmer discusses the fundamental distinctions between state capitalism and free-market economies, as well as the strategic implications this has for Western companies and governments alike.
Giorgio Bertini

The old enemies - Obama Versus the Corporations - Paul Krugman - 0 views

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    Much reporting on opposition to the Obama administration portrays it as a sort of populist uprising. Yet the antics of the socialism-and-death-panels crowd are only part of the story of anti-Obamaism, and arguably the less important part. If you really want to know what's going on, watch the corporations.
thinkahol *

Corporate liability and social interest | openDemocracy - 0 views

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    The doctrine of limited liability raises questions about businesses' responsibility for the environmental, social or financial costs of their activities. Tony Curzon Price reflects on the issue in the context of a London conference, and interviews two expert participants.
Giorgio Bertini

Greek Debt Woes Ripple Outward, From Asia to U.S. - 0 views

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    The fear that began in Athens, raced through Europe, and finally shook the stock market in the United States is now affecting the broader global economy, from the ability of Asian corporations to raise money to the outlook for money-market funds where American savers park their cash.
Giorgio Bertini

A worldwide financial crisis couldn't happen again. Could it? - 0 views

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    Optimists see economies shaking off recession and corporate results improving. But pessimists see a growing debt crisis and a new slump that the world would be powerless to halt
thinkahol *

Is this the end of American economic dominance? - U.S. Economy - Salon.com - 0 views

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    With top corporations expecting another year of record profits, economists offer a pessimistic vision of America
thinkahol *

Organizing Help Wanted | Common Dreams - 0 views

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    Right now, according to a number of studies, we are losing about $100 billion every year because corporate America and the very wealthy are stashing their money in tax havens like the Cayman Islands and Bermuda. We should be aware that in 2009, ExxonMobil made $19 billion in profits and not only did the company not pay anything in taxes, it got a $106 million refund from the IRS. We should also be aware that since 1997, we have almost tripled funding for the military. So if we are serious about reducing the deficit, those are things we need to look at-not at Social Security, not programs everyday Americans need.
thinkahol *

The Plutocrat's Coup d'Etat, Their Republican Allies and Their Democratic Enablers | Co... - 0 views

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    For thirty years, now, Republicans have been yammering about small government, deficits, the glories of the free market, and the incompetence and wastefulness of government. It's all been a big lie, part of a well funded and cleverly executed coup d'etat, designed to enable the ultra rich and corporations to literally take power out of the hands of government and money out of the pockets of individual citizens.
thinkahol *

Technology: Necessary but Insufficient for Human Survival | Thinkahol's Blog - 0 views

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    In the context of technology the only way out is through. Global society is dependent on artificially inflated energy resources-i.e. oil-that are directly leading us toward total collapse. Technology is being used to most efficiently maximize wealth of the largest corporate conglomerates at the expense of the social fabric and a living environment. The biosphere is in fact collapsing. The technology exists to solve our technical problems but the solutions do not seem like they will be effectively put to use. The power structures concentrating money off the status quo are too entrenched. Each human is called on to become more aware.
thinkahol *

When Change Is Not Enough: The Seven Steps To Revolution | OurFuture.org - 0 views

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    "Those who make peaceful evolution impossible make violent revolution inevitable."- John F. KennedyThere's one thing for sure: 2008 isn't anything like politics as usual.The corporate media (with their unerring eye for the obvious point) is fixated on the narrative that, for the first time ever, Americans will likely end this year with either a woman or a black man headed for the White House. Bloggers are telling stories from the front lines of primaries and caucuses that look like something from the early 60s - people lining up before dawn to vote in Manoa, Hawaii yesterday; a thousand black college students in Prairie View, Texas marching 10 miles to cast their early votes in the face of a county that tried to disenfranchise them. In recent months, we've also been gobstopped by the sheer passion of the insurgent campaigns of both Barack Obama and Ron Paul, both of whom brought millions of new voters into the conversation - and with them, a sharp critique of the status quo and a new energy that's agitating toward deep structural change.There's something implacable, earnest, and righteously angry in the air. And it raises all kinds of questions for burned-out Boomers and jaded Gen Xers who've been ground down to the stump by the mostly losing battles of the past 30 years. Can it be - at long last - that Americans have, simply, had enough? Are we, finally, stepping out to take back our government - and with it, control of our own future? Is this simply a shifting political season - the kind we get every 20 to 30 years - or is there something deeper going on here? Do we dare to raise our hopes that this time, we're going to finally win a few? Just how ready is this country for big, serious, forward-looking change?Recently, I came across a pocket of sociological research that suggested a tantalizing answer to these questions - and also that America may be far more ready for far more change than anyone really believes is possible at this moment. In fac
thinkahol *

Republican Budget Extremist and Cruel - 0 views

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    Sen. Sanders calls out GOP and Dems on corporate tax rates, breaks for wealthiest.
thinkahol *

Economist's View: "The Greatest Increase in Poverty and Hardship Produced by Any Law in... - 0 views

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    Mathew Yglesias: CBPP Analysis of John Boehner's Plan: The Center on Budget and Policy Priorities concludes that if enacted, John Boehner's debt ceiling plan "could well produce the greatest increase in poverty and hardship produced by any law in modern U.S. history." That sounds to me like something that would create strong incentives to not be poor and, indeed, to fully incentive richness. Consequently, we'll have massive economic growth. Right? Think of all the old people who will be willing to do odd jobs, whatever, in order to pay for health care. No more free-riding from grandma and grandpa to slow the economy down. The CBPP adds: This may sound hyperbolic, but it is not. The mathematics are inexorable. ... In short, the Boehner plan would force policymakers to choose among cutting the incomes and health benefits of ordinary retirees, repealing the guts of health reform and leaving an estimated 34 million more Americans uninsured, and savaging the safety net for the poor. It would do so even as it shielded all tax breaks, including the many lucrative tax breaks for the wealthiest and most powerful individuals and corporations. As for the way the debt ceiling talks are going, what a disaster.
thinkahol *

Reading Marx's Capital with David Harvey » Blog Archive » Feral Capitalism Hi... - 1 views

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    But the problem is that we live in a society where capitalism itself has become rampantly feral. Feral politicians cheat on their expenses, feral bankers plunder the public purse for all its worth, CEOs, hedge fund operators and private equity geniuses loot the world of wealth, telephone and credit card companies load mysterious charges on everyone's bills, shopkeepers price gouge, and, at the drop of a hat swindlers and scam artists get to practice three-card monte right up into the highest echelons of the corporate and political world.
thinkahol *

Is Great Depression II on the Horizon? - Blogcritics Culture - 0 views

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    A new study by Northwestern University economists, called The "Jobless and Wageless" Recovery from the Great Recession of 2007-2009," found that the economic recovery is highly uneven: corporate profits captured 88 percent of the growth in real national income while aggregate wages and salaries accounted for only slightly more than one percent. In other words, the average American worker has been left behind by the recovery, which officially began in June 2009. "The economic recovery through 2011 I has failed to create any net new jobs since the quarter marking the end of the recession in 2009 II
thinkahol *

The global crisis of institutional legitimacy | Felix Salmon - 0 views

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    When Perry accuses Ben Bernanke of treachery and treason, his violent rhetoric ("we would treat him pretty ugly down in Texas") is scary in itself. But we shouldn't let that obscure Perry's substantive message - that neither Bernanke nor the Fed really deserve to exist, to control the US money supply, and to work towards a dual mandate of price stability and full employment. For the first time in living memory, someone with a non-negligible chance of winning the US presidency is arguing not over who should head the Fed, but whether the Fed should even exist in the first place. Looked at against this backdrop, the recent volatility in the stock market, not to mention the downgrade of the US from triple-A status, makes perfect sense. Global corporations are actually weirdly absent from the list of institutions in which the public has lost its trust, but the way in which they've quietly grown their earnings back above pre-crisis levels has definitely not been ratified by broad-based economic recovery, and therefore feels rather unsustainable. Meanwhile, the USA itself has undoubtedly been weakened by a shrinking tax base, a soaring national debt, a stretched military, and a legislature which has consistently demonstrated an inability to tackle the great tasks asked of it. It looks increasingly as though we're entering Phase 2 of the global crisis, with 2008-9 merely acting as the appetizer. In Phase 1, national and super-national treasuries and central banks managed to come to the rescue and stave off catastrophe. But in doing so, they weakened themselves to the point at which they're unable to rise to the occasion this time round. Our hearts want government to come through and save the economy. But our heads know that it's not going to happen. And that failure, in turn, is only going to further weaken institutional legitimacy across the US and the world. It's a vicious cycle, and I can't see how we're going to break out of it.
thinkahol *

America's Tahrir Moment | Adbusters Culturejammer Headquarters - 0 views

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    On September 17, 20,000 people will swarm into lower Manhattan and occupy Wall Street. Last week Anonymous endorsed #OCCUPYWALLSTREET with a video that attracted over 60,000 views before being deleted by YouTube. The Department of Homeland Security has warned the nation's bankers to be prepared. Corporate owned media is taking notice. Today, Paul Farrell, columnist for the Dow Jones owned MarketWatch.com posted this rousing portrait of what may now unfold:
Giorgio Bertini

Eisenhower's worst fears came true. We invent enemies to buy the bombs « Lear... - 1 views

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    It is not democracy that keeps western nations at war, but armies and the interests now massed behind them. The greatest speech about modern defence was made in 1961 by the US president Eisenhower. He was no leftwinger, but a former general and conservative Republican. Looking back over his time in office, his farewell message to America was a simple warning against the "disastrous rise of misplaced power" of a military-industrial complex with "unwarranted influence on government". A burgeoning defence establishment, backed by large corporate interests, would one day employ so many people as to corrupt the political system. (His original draft even referred to a "military-industrial-congressional complex".) This lobby, said Eisenhower, could become so huge as to "endanger our liberties and democratic processes".
Giorgio Bertini

It Became Necessary to Destroy the Periphery in Order to Save the Core's Bank... - 0 views

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    The EU is not lending money to Ireland, Greece, and Portugal to help those nations' citizens. The EU is lending those nations money because if they don't those nations and their citizens and corporations will be unable to repay their debts to banks in the core. That will make public the fact that the core banks are actually insolvent. When the Germans and French realize that their banks are insolvent the result will be "severe banking crises and a return to recession in the core of the eurozone." The core, not simply the periphery, will be in crisis. The ECB and the EU's leadership would be happy to throw the periphery under the bus, but the EU core's largest banks are chained to the periphery by their imprudent loans.
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