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thinkahol *

How Goldman Sachs gambled on starving the world's poor - and won : Johann Hari - 0 views

johannhari.com/...arving-the-worlds-poor-and-won

goldman sachs economics starvation

shared by thinkahol * on 13 Jul 10 - Cached
  • thinkahol * on 13 Jul 10
     
    How Goldman Sachs gambled on starving the world's poor - and won, Against Market Fundamentalism, American Politics, Johann Hari
thinkahol *

The Beast Is Starved: Welcome to the Next Great Depression | Common Dreams - 0 views

www.commondreams.org/...04-2

Beast Is Starved: Welcome to the Next Great Depression | Common Dreams

shared by thinkahol * on 05 Aug 11 - No Cached
  • thinkahol * on 05 Aug 11
     
    Since Reagan, Republicans have been on a "starve the beast" campaign - by which they mean eviscerate the government by taking away as much revenue as they can.
thinkahol *

The Egyptian Tinderbox Ignited by Poverty - 0 views

www.readersupportednews.org/...n-tinderbox-ignited-by-poverty

The Egyptian Tinderbox Ignited by Poverty

shared by thinkahol * on 05 Feb 11 - No Cached
  • thinkahol * on 05 Feb 11
     
    THE EGYPTIAN TINDERBOX: HOW BANKS AND INVESTORS ARE STARVING THE THIRD WORLD
Bakari Chavanu

Robert Reich: David Brooks is Dead Wrong About Inequality | Alternet - 0 views

www.alternet.org/...ks-dead-wrong-about-inequality

shared by Bakari Chavanu on 22 Jan 14 - No Cached
  • Such is the case with his New York Times  column last Friday, arguing that we should be focusing on the “interrelated social problems of the poor” rather than on inequality, and that the two are fundamentally distinct.
    • Bakari Chavanu
      Bakari Chavanu on 22 Jan 14
       
      It's the old blame the poor argument.
  • Once the middle class has exhausted all its coping mechanisms – wives and mothers surging into paid work (as they did in the 1970s and 1980s), longer working hours (which characterized the 1990s), and deep indebtedness (2002 to 2008) – the inevitable result is fewer jobs and slow growth, as we continue to experience.
  • Third, America’s shrinking middle class also hobbles upward mobility. Not only is there less money for good schools, job training, and social services, but the poor face a more difficult challenge moving upward because the income ladder is far longer than it used to be, and its middle rungs have disappeared.
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  • o the contrary, as wealth has accumulated at the top, Washington has reduced taxes on the wealthy, expanded tax loopholes that disproportionately benefit the rich, deregulated Wall Street, and provided ever larger subsidies, bailouts, and tax breaks for large corporations. The only things that have trickled down to the middle and poor besides fewer jobs and smaller paychecks are public services that are increasingly inadequate because they’re starved for money.
Bakari Chavanu

The root cause of war is oligarchic capitalism | Middle East Eye - 0 views

www.middleeasteye.net/...igarchic-capitalism-1397733231

capitalism middle east

shared by Bakari Chavanu on 06 Mar 15 - No Cached
  • After World War Two, Britain and the USA pressured the United Nations into confiscating Arab land to form the state of Israel, making the Arabs pay for the crimes of the Germans. In addition to providing a nation for the Jews, Israel would be a forward base for Western economic and military power in the Middle East. To the Arabs it was another European invasion of their territory.
  • In the early 1950s, the USA and Britain overthrew the government of Iran because it tried to nationalise its oil industry, which was under Western control.
  • In the mid-1950s, Egypt decided to nationalise the Suez Canal and use the income from it to help their people out of poverty. They were willing to pay its British and French owners the full market value for their shares, but Western governments and Israel responded violently, invading and bombing Egypt into submission.
  • ...6 more annotations...
  • The USA and Britain committed similar atrocities in Iraq, Syria, Lebanon, Libya, Indonesia and Afghanistan. We overthrew their governments, installed dictators, undermined their economies - all to strengthen our business interests. In every nation where we now have terrorism, we had first assaulted them.
  • Capitalism is always at war. The violence, though, is often abstract: forcing us either to accept low-paying, exhausting jobs or starve; denying us adequate healthcare, education and economic security; convincing us that human beings are basically isolated, autonomous units seeking self gratification. But when this doesn't suffice to keep their profits growing, the violence becomes physical, the cannons roar, and the elite rallies us to war to defend "our" country and destroy the fiendish enemy.
  • Since 9/11 the USA has killed over 300,000 - a hundred times more than died in the World Trade Center. The overwhelming majority have been civilians.
  • As Martin Luther King stated with simple eloquence: "The greatest purveyor of violence in the world today is my own government."
  • Since they don't have our military power, they resort to guerrilla warfare. As Mike Davis wrote, "The car bomb is the poor man's air force."
  • www.amazon.com/dp/1897455844
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