OMNI
US CAPITALISM NEWSLETTER #19, September 12, 2014.
Compiled by Dick Bennett for a Culture of Peace,
Justice, and Ecology.
(#1
Jan. 30, 2011; #2 August 24, 2011; #3 October 2, 2011; #4 Oct. 29, 2011; #5
Jan. 29, 2012; #6 April 7, 2012; #7 June 8, 2012; #8 July 14, 2012; #9 Nov. 12,
2012; #10 Dec. 27, 2012; #11 Feb. 24, 2013; #12 April 23, 2013; #13, July 7,
2013; #14 August 28, 2013; #15, Nov. 22, 2013; #16 Feb. 18, 2014; #17, March
16, 2014; #18, May 6, 2014).
What’s at stake: In the early twentieth-century, “the banking sector was evolving from a
business predicated on lending for production and expansion purposes to one
predicated on the consolidation, distribution, and packaging of capital for its
own sake. As making money became more
important than making products, control of America
My blog: The War
Department and Peace Heroes
Newsletters:
Index:
See Citizens United/McCutcheon, Class,
Corporate Crime, Corporate Personhood, Corporations, Economics, Globalization,
Go Not to Jail, Greed, Imperialism, Inequality, Information Control, Lobbying,
Marx, Military Industrial Complex, Monopoly, Occupy, Rapacity,
Regulation/Deregulation, Secrecy, Socialism, Too Big To Fail, US Economic
Imperialism, Working Class, and related topics.
Nos. 13-18 at end.
Contents US
Capitalism Newsletter #19
Reconstituting Hopes
for a People-Centered Capitalism
Senator Warren’s Petition for US Banking in Post Office
Bollier, Reclaiming the Commons
Dick, In These Times Magazine
Past and Present
Dysfunctional Conditions of US Capitalism
William Tabb, Criminality
William Tabb, Criminality
Nomi Prins, All the Presidents’ Bankers, a History
of Bankers/Presidents Complex
Anat Admati & Martin Hellwig, What's Wrong with Banking and What to Do
about It
Dick, Adnat
Admati Interviewed on Moyers & Co.
Dick, Joseph Stiglitz Interviewed
on Moyers & Co.
Warren, Too Big to Fail Still Rules
Steven Brill, “How Outrageous Pricing and Egregious Profits
Are Destroying Our Health
Care”
Care”
Forester and Polman, Capitalist Liabilities
Peter Van Buren: Ghosts of Tom Joad, Novel About Deindustralization, the Working
Poor, Losing the “American Dream”
Samir Amin, Fascism of Capitalism
HEALTH CARE FOR THE PEOPLE
CATHOLIC SOCIAL
TEACHING: JOSEPH TORNA
A Supplemental Chapter by Joseph Torma for ACCU book, A
Vision of Justice: Engaging Catholic Social Teaching on the College
Campus. Go to:
See Torna’s excellent essay in The Catholic Worker (June-July 2014), “The Church on Capitalism”
Thanks for signing the petition:
Support Senator Warren's Postal Banking Proposal
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DAVID BOLLIER, RECLAIMING THE COMMONS
“These Days It’s Cool to Be a Commoner.”
YES! Magazine (Summer 2014).
· David Bollier's blog | David Bollier
4 days ago - This
whole topic is important because standard economics has its own ... But nowadays countless activities in the sharing
economy are blurring old .... In the 1950s and 1960s climate of the Cold War, go-go economic growth ...
· David Bollier | news and perspectives on the commons
4 days ago - This
whole topic is important because standard economics has its own ... But nowadays countless activities in the sharing
economy are blurring old .... In the 1950s and 1960s climate of the Cold War, go-go economic growth ...
· free software | David Bollier
May 6, 2014 - What makes the FLOK Society report so
significant is its informed ... The New Yorker recently featured an interesting overview of the Maker .... The subtext of
most innovation-talk these days is efficiency and profitability.
· David Bollier | Kosmos Journal
David Bollier is an independent policy strategist,
journalist, activist and consultant ... David's work these days is focused on the politics, economics and
culture of ...
· Podcast of the Day/C-Realm: David Bollier on taking
back ...
May 5, 2014 - KMO welcomes independent research and
writer, David Bollier, to the C-Realm ... is on validating its own core principles and projecting them
onto the world. ... XHTML: You can use these tags: ...
· Viral Spiral: How the Commoners Built a Digital Republic
of ...
Amazon.com
David Bollier is a journalist, activist, and public
policy analyst as well as ... Bollier surveys this growing intellectual
movement from its early open source days to the rise ... from enjoying David Bollier's treatment of this movement and these issues. ... accident and is actually more interesting and complex than you might expect.
· Brand Name Bullies: The Quest to Own and Control Culture ...
Amazon.com
Silent Theft: The Private Plunder of Our Common Wealth by David Bollier .... names; Disney threatened a day-care center that painted Mickey and Goofy on its walls; ... Bollier has written a darkly funny, accessible account of horror stories and ... Bollier's
book brings these issues to light in an entertaining, enlightening way.
· David Bollier: Reclaiming the
Commons
An article by David Bollier from Boston Review, Summer 2002. ... The
character ofthese spaces changes dramatically when they are
governed as markets rather ...
RELATED: Documentary Film OPEN SESAME: THE STORY OF SEEDS, about seed
banks globally but mainly in US. Dir. M.
Sean Kaminsky, 2013. 70 mins. Celebrates alternatives to genetically
modified seeds. Rev. YES! Magazine (Summer 2014), praises
film but warns it oversimplifies the problems.
--Dick
IN THESE TIMES
MAGAZINE
Corporate domination of mainstream media (MM)
is well-known. The MM ignore,
under-report, or distort stories critical of corporations and the mega-rich. But our communication system includes
hundreds of independent, subscriber-financed magazines In
These Times is one devoted to
countering corporate rule. For example,
the magazine’s April cover story, “Game of Homes,” exposed our country’s
transition from a home ownership to a renters’ society. And US capitalists are getting rich in the
process. Companies like the Blackstone
Group (backed by Morgan Stanley and other Wall Street giants) now has $266
billion in assets. ITT calls us to take a stand against the consolidation of financial
power not only the housing market but generally, including media companies.
The magazine is
equally devoted to directly supporting working people. For example, because ITT’s staff writer Mike Elk exposed the Obama administration’s plan
to exclude some disabled workers from an
executive order raising the minimum wage for federal contractors, the White
House reversed course.
Here’s more
information about ITT and how you
might join its democratic mission. --Dick
GOOGLE SEARCH, JUNE 5, 2014
In These Times
In
These Times features
award-winning investigative reporting about corporate ...MAGAZINE ... Yes, It's Okay To Have a Metaphorical
Rape in a Disney Movie.
About Us
About Us.
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Internships
& Jobs
INTERNSHIPS AT IN THESE TIMES.
If you have a strong ...
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Submissions
An editor will review all
submissions and contact ...
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What Europe Can Learn
What Europe Can Learn from
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1.
In These Times - Wikipedia, the free encyclopedia
Wikipedia
In
These Times is an
American politically progressive/democratic socialist monthlymagazine of news and opinion published by the
Institute for Public Affairs in ...
History - Contributors - Layout - The ITT List
2.
In These Times (inthesetimesmag)
on Twitter
The latest from In These Times (@inthesetimesmag). Monthly news magazine committed to informing
and analyzing movements for social, environmental and ...
William K. Tabb
by William K.
Tabb, Monthly Review (Sept. 2014).
topics: Financialization, Political Economy places: Americas, United States
The current stage of
capitalism is characterized by the increased power of finance capital. How to
understand the economics of this shift and its political implications is now
central for both the left and the larger society. There can be little doubt
that a signature development of our time is the growth of finance and monopoly
power.… | more |
Read Tabb’s book The Restructuring of Capitalism in Our Time.
For more excellent writings
by Tabb in MR go to: http://monthlyreview.org/author/williamktabb/
For information about MR, an independent socialist magazine
see:
Friday September 12th, 2014,
3:51 pm (EDT)
Browse: Home / William
K. Tabb
HARDCOVER $32.99
ALL THE PRESIDENTS' BANKERS
The Hidden Alliances that
Drive American Power
BY NOMI PRINS
SUMMARY
Who rules America
All the Presidents’ Bankers is a groundbreaking narrative of how an elite group of men transformed the American economy and government, dictated foreign and domestic policy, and shaped world history.
Culled from original presidential archival documents, All the Presidents’ Bankers delivers an explosive account of the hundred-year interdependence between the White House and Wall Street that transcends a simple analysis of money driving politics—or greed driving bankers.
Prins ushers us into the intimate world of exclusive clubs, vacation spots, and Ivy League universities that binds presidents and financiers. She unravels the multi-generational blood, intermarriage, and protégé relationships that have confined national influence to a privileged cluster of people. These families and individuals recycle their power through elected office and private channels inWashington , DC
All the Presidents’ Bankers sheds new light on pivotal historic events—such as why, after the Panic of 1907, America’s dominant bankers convened to fashion the Federal Reserve System; how J. P. Morgan’s ambitions motivated President Wilson during World War I; how Chase and National City Bank chairmen worked secretly with President Roosevelt to rescue capitalism during the Great Depression while J.P. Morgan Jr. invited Roosevelt’s son yachting; and how American financiers collaborated with President Truman to construct the World Bank and IMF after World War II.
Prins divulges how, through the Cold War andVietnam
era, presidents and bankers pushed America Middle
East oil profits altered the nature of political-financial
alliances. Bankers’ profit motive trumped heritage and allegiance to public
service, while presidents lost control over the economy—as was dramatically
evident in the financial crisis of 2008.
This unprecedented history of American power illuminates how the same financiers retained their authoritative position through history, swaying presidents regardless of party affiliation. All the Presidents’ Bankers explores the alarming global repercussions of a system lacking barriers between public office and private power. Prins leaves us with an ominous choice: either we break the alliances of the power elite, or they will break us.
All the Presidents’ Bankers is a groundbreaking narrative of how an elite group of men transformed the American economy and government, dictated foreign and domestic policy, and shaped world history.
Culled from original presidential archival documents, All the Presidents’ Bankers delivers an explosive account of the hundred-year interdependence between the White House and Wall Street that transcends a simple analysis of money driving politics—or greed driving bankers.
Prins ushers us into the intimate world of exclusive clubs, vacation spots, and Ivy League universities that binds presidents and financiers. She unravels the multi-generational blood, intermarriage, and protégé relationships that have confined national influence to a privileged cluster of people. These families and individuals recycle their power through elected office and private channels in
All the Presidents’ Bankers sheds new light on pivotal historic events—such as why, after the Panic of 1907, America’s dominant bankers convened to fashion the Federal Reserve System; how J. P. Morgan’s ambitions motivated President Wilson during World War I; how Chase and National City Bank chairmen worked secretly with President Roosevelt to rescue capitalism during the Great Depression while J.P. Morgan Jr. invited Roosevelt’s son yachting; and how American financiers collaborated with President Truman to construct the World Bank and IMF after World War II.
Prins divulges how, through the Cold War and
This unprecedented history of American power illuminates how the same financiers retained their authoritative position through history, swaying presidents regardless of party affiliation. All the Presidents’ Bankers explores the alarming global repercussions of a system lacking barriers between public office and private power. Prins leaves us with an ominous choice: either we break the alliances of the power elite, or they will break us.
ABOUT NOMI PRINS
·
Nomi Prins is a journalist,
speaker, respected TV and radio commentator, and former Wall Street executive.
Author of five other books, including Other People’s Money and It Takes a Pillage, her writing has been featured in the New York Times,Fortune, Mother Jones, the Guardian, the Nation, and other publications. She
is a senior fellow at Demos. Follow her on Twitter @NomiPrins
Nomi Prins is a journalist,
speaker, respected TV and radio commentator, and former Wall Street executive.
Author of five other books, including Other People’s Money and It Takes a Pillage, her writing has been featured in the New York Times,Fortune, Mother Jones, the Guardian, the Nation, and other publications. She
is a senior fellow at Demos. Follow her on Twitter @NomiPrins
REVIEWS
“ALL THE PRESIDENTS' BANKERS spins an enormous amount of research
into a coherent, readable narrative. Even her frequent kvetches about the
lifestyles of rich and famous bankers are entertaining….There is always room
for criticism, and Ms. Prins does it rather well. Banking was her first career
before taking up journalism. She can talk the talk and is knowledgeable about
the many points where banking and public policy intersect...Give her credit…
for seeing through the façade of Dodd-Frank into the danger of another meltdown
that lurks in our day of quasi-nationalized banking.”—George Melloan, WALL STREET JOURNAL
“A calm, authoritative elucidation of verifiable history”—FINANCIAL TIMES
“Even those who have read Secrets of the Temple, William Greider’s massive and brilliant 1987 exposé of the Federal Reserve, will find Prins’s book worth their time. She presents a new narrative, one that shows how the changing cast of six has shapedAmerica
"Prins divides her justifiably long text into digestible one- to three-page segments and seamlessly incorporates dozens of prominent banker profiles. Her work is highly recommended both to general readers and to students of financial history."—LIBRARY JOURNAL
“A calm, authoritative elucidation of verifiable history”—FINANCIAL TIMES
“Even those who have read Secrets of the Temple, William Greider’s massive and brilliant 1987 exposé of the Federal Reserve, will find Prins’s book worth their time. She presents a new narrative, one that shows how the changing cast of six has shaped
"Prins divides her justifiably long text into digestible one- to three-page segments and seamlessly incorporates dozens of prominent banker profiles. Her work is highly recommended both to general readers and to students of financial history."—LIBRARY JOURNAL
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The
Bankers' New Clothes:
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(Anat Admati & Martin Hellwig,
Peterson Institute for International Economics)
(Anat Admati,
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What is wrong
with today's banking system? The past few years have shown that risks in
banking can impose significant costs on the economy. Many claim, however,
that a safer banking system would require sacrificing lending and economic
growth. The Bankers' New
Clothes examines this claim
and the narratives used by bankers, politicians, and regulators to rationalize
the lack of reform, exposing them as invalid. Admati and Hellwig argue we can have a safer and healthier banking system without sacrificing any of the benefits of the system, and at essentially no cost to society. They show that banks are as fragile as they are not because they must be, but because they want to be--and they get away with it. Whereas this situation benefits bankers, it distorts the economy and exposes the public to unnecessary risks. Weak regulation and ineffective enforcement allowed the buildup of risks that ushered in the financial crisis of 2007-2009. Much can be done to create a better system and prevent crises. Yet the lessons from the crisis have not been learned. Admati and Hellwig seek to engage the broader public in the debate by cutting through the jargon of banking, clearing the fog of confusion, and presenting the issues in simple and accessible terms. The Bankers' New Clothes calls for ambitious reform and outlines specific and highly beneficial steps that can be taken immediately. Anat Admati is the George G. C. Parker Professor of Finance and Economics at Stanford's Graduate School of Business. She serves on the FDIC Systemic Resolution Advisory Committee and has contributed to theFinancial Times, Bloomberg News, and the New York Times. Martin Hellwig is director at the Max Planck Institute for Research on Collective Goods. He was the first chair of the Advisory Scientific Committee of the European Systemic Risk Board and the cowinner of the 2012 Max Planck Research Award for his work on financial regulation. Review: "Insightful . . ."--Floyd Norris, New York Times "[I]mportant . . ."--John Cassidy, NewYorker.com "Crucial . . ."--Jim Surowiecki, NewYorker.com "Ms. Admati and Mr. Hellwig, top-notch academic financial economists, do understand the complexities of banking, and they helpfully slice through the bankers' self-serving nonsense. Demolishing these fallacies is the central point of The Bankers' New Clothes."--John Cochrane, Wall Street Journal "Professor and journalist Admati and economic researcher Hellwig argue that it is possible to have a well-balanced banking system without any cost to society; weak regulations and lax enforcement is what caused the buildup of risk unleashed in the crisis. Here, they aim to demystify banking and expand the range of voices in the debate; encouraging people to form opinions and express doubts will ensure a healthier financial system as people understand the issues and influence policy. . . . The authors push for aggressive reform by outlining specific steps that can be taken to change our banking system for the better."--Publishers Weekly "An important book for readers interested in what has been done, and what remains to be done, when it comes to safeguarding financial institutions."--Kirkus Reviews "This book's aim, decisively achieved, is to de-mystify the public conversation about banking so we can all understand how threadbare the industry is."--Diane Coyle, Enlightened Economist blog "This title is a must read for management and human resource professionals within the banking industry as well as government policymakers. With its clear explanations, many examples, and analogies, the book is accessible to readers who do not have business backgrounds and who want to better understand banking."--Library Journal More reviews Table of Contents:
Preface ix
Acknowledgments xiii 1 The Emperors of Banking Have No Clothes 1 PART I Borrowing, Banking, and Risk 15 2 How Borrowing Magnifies Risk 17 3 The Dark Side of Borrowing 32 4 Is It Really "A Wonderful Life"? 46 5 Banking Dominos 60 PART II The Case for More Bank Equity 79 6 What Can Be Done? 81 7 Is Equity Expensive? 100 8 Paid to Gamble 115 9 Sweet Subsidies 129 10 Must Banks Borrow So Much? 148 PART III Moving Forward 167 11 If Not Now, When? 169 12 The Politics of Banking 192 13 Other People's Money 208 Notes 229 References 337 Index 363 |
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Questions and
comments to: webmaster@press.princeton.edu Princeton University Press |
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MOYERS & CO., JUNE 15 AETN
ADNAT ADMATI on BANK REGULATION
Author with Martin Helwig, The Bankers’ New Clothes: What Is Wrong with
Banking and What to Do About It.
Moyers
opened with reminder of previous 2 programs with Joseph Stiglitz, and analogy
of big banks and drunk drivers who run over pedestrians and are rewarded by
ambulance while the pedestrians are left to suffer.
Adnat
Admati describes US big financiers and mega-banks as still speeding over 100
mph unrestrained by highway police who are either absent or who, like Geithner,
believe the speed is acceptable, and if something bad happens, the gov’t., i.e.
the people will cover the costs.
Situation: all other corporations are expected to maintain a high amount
of equity, but the big banks only 5%, so when they go wrong, they don’t have
the money to cover the costs, hence the bailouts. The 2008 crash did not teach the regulators
(supposed to work for the people) anything.
As long as gov’t/we guarantee big banks won’t fail, they are encouraged
to continue business as usual of reckless hedge-funds etc., big profits for
stockholders, and enormous managerial salaries. –Dick
USA =
TAXATION FOR PLUTOCRACY
http://billmoyers.com/series/moyers-and-company/
MOYERS
& CO., AETN, AUGUST 31
Encore: How Tax Reform Can Save the
Middle Class
August 28, 2014 | Moyers & Company
In part two of his interview, Joseph E. Stiglitz says corporate abuse of
our tax system has helped make America unequal and undemocratic. But the Nobel
Prize-winning economist has a plan to change that. Watch part one »
Dick’s Notes:
I.
US economic policies—especially tax
policies—don’t serve the majority of the people, and the inequality is growing.
The tax code is rigged to the advantage of the 1%, who take but don’t
give back fairly. Median income is lower
than qtr. Century ago; while econ soared, 90% of populace stagnated or
declined.
II.
The policies are not necessary, not
inevitable, but have been created by the machinations of the rich and powerful
for their own interests
by creation of laws that serve
them, laws made by lawmakers controlled by the rich by campaign contributions,
lobbyists, Supreme Court justices,
by control of information and myths; e.g., US the land of
opportunity: comparison with other
developed nations shows US not land of opportunity; e.g., a tax code
which enables the rich to pay their fair share actually serves the majority
best, that is, tax evasion by the rich—by the code (numerous loopholes, special
deductions, rate), by offshore tax havens-- serves democracy.
But rich not paying their fair share.
All emphasis on rights of the rich without equal emphasis upon responsibility
and accountability. They are free to
spend unlimited amounts to distort our politics in their favor, with little
punishment for criminal or anti-social behavior. Corporations pay fines as part of costs of
doing business, and few corp execs and shareholders go to jail.
That is, the condition of the US today is not the result of economics but
of politics, of choices dominated by the rich.
The rich today are protecting their wealth and transferring it to their
children and class. But we should and
can transfer wealth to all by taxing the rich
III.
But will we choose to again pull back from
the brink as we did in the 1930s? Or has
our politics been so changed, money power been so concentrated into permanent
plutocracy (add recent Supreme Court rulings—Citizens United) that it is too
late?
Read Stiglitz’ new essay, “Reforming Taxation to Promote Equity.”
MOYERS
& CO., AETN, AUGUST 24
http://billmoyers.com/series/moyers-and-company/
Encore: Joseph E. Stiglitz Calls for
Fair Taxes for All
August 21, 2014 | Moyers & Company
The Nobel Prize-winning economist explains why America’s future
prosperity depends on tax reform today.
Dick’s Notes:
President Obama, if you seriously care about
THE PEOPLE of USA, appoint Stiglitz as your economic advisor, listen to his
analysis and advice, and follow them. His
analysis simple, straightforward, coherent—the self-reinforcing circular
movement of money and power in a plutocracy: The
corporations buy control of Congress to enable them to dodge taxes, make enormous profits, and buy Congress. All explained in his new pamphlet
“Reforming Taxation to Promote Equity.”
FOCUS: Elizabeth Warren |
We Need to Rein in 'Too Big to Fail' Banks
Elizabeth Warren, Reader Supported News, July 21, 2019
Warren writes: "More than five years after the bankruptcy of Lehman Brothers and the beginning of the most severe economic downturn since the Great Depression, lawmakers should ask themselves whether they have done enough to reduce the risk of another financial crisis. In our view, the answer is no."
Elizabeth Warren, Reader Supported News, July 21, 2019
Warren writes: "More than five years after the bankruptcy of Lehman Brothers and the beginning of the most severe economic downturn since the Great Depression, lawmakers should ask themselves whether they have done enough to reduce the risk of another financial crisis. In our view, the answer is no."
TIME MAGAZINE: US CAPITALISM’S HEALTH INSURANCE
Bitter Pill: Why Medical Bills Are Killing Us
By Steven Brill Feb. 20, 2013
Taken as a whole, these powerful institutions and the bills
they churn out dominate the nation’s economy and put demands
on taxpayers to a degree unequaled anywhere else on earth.
In the U.S., people spend almost 20% of the gross domestic
product on health care, compared with about half that in
most developed countries. Yet in every measurable way, the results
our health care system produces are no better and often
worse than the outcomes in those countries.
MORE
The Capitalist Threat to Capitalism
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Contact
Your Representatives
On the basis of the arguments in these newsletters, tell our
representatives how feeble and therefore harmful are their views. You may not want to call them stupid, so
check your thesaurus.
Contact Arkansas
Congressional Delegation
|
SENATORS
Sen. John Boozman
Republican, first term 320 Hart Senate Office Building Washington, D.C. 20510 Phone: (202) 224-4843 Fax: (202) 228-1371 Arkansas offices: FORT SMITH: (479) 573-0189 JONESBORO: (870) 268-6925 LITTLE ROCK: (501) 372-7153 LOWELL: (479) 725-0400 MOUNTAIN HOME: (870) 424-0129 STUTTGART: (870) 672-6941 EL DORADO: (870) 863-4641 Website: www.boozman.senate.gov
Sen. Mark Pryor
Democrat, second term 255 Dirksen Office Building Constitution Avenue and First Street NE Washington, D.C. 20510 Phone: (202) 224-2353 Fax: (202) 228-0908 Little Rock office: (501) 324-6336 Website: www.pryor.senate.gov
Rep. Tom Cotton
4TH DISTRICT Republican, first term 415 Phone: (202) 225-43772 HOT SPRINGS: (501) 520-5892 PINE BLUFF: (870) 536-3376 Website: www.cotton.house.gov |
REPRESENTATIVES
Rep. Rick Crawford
1ST DISTRICT Republican, second term 1771 Independence Avenues SE Washington, D.C. 20515 Phone: (202) 225-4076 Fax: (202) 225-5602 CABOT: (501) 843-3043 MOUNTAIN HOME: (870) 424-2075 Website: www.crawford.house.gov
Rep. Tim Griffin
2ND DISTRICT Republican, second term 1232 Independence Avenues SE Washington, D.C. 20515 Phone: (202) 225-2506 Fax: (202) 225-5903 LITTLE ROCK: (501) 324-5491 Website: www.griffin.house.gov
Rep. Steve Womack
3RD DISTRICT Republican, second term 1119 Longworth Office Building New Jersey and Independence Avenues SE Washington 20515 Phone: (202) 225-4301 Fax: (202) 225-5713 Arkansas offices: ROGERS: (479) 464-0446 HARRISON: (870) 741-7741 FORT SMITH: (479) 424-1146 Website: www.womack.house.gov |
US Capitalism Newsletters 13-18
Contents #13
Dick, Moyers
& Co.: Victims of US Capitalism in Milwaukee
Scheer, Predatory
Takeover, The Great Stickup
Taibbi, Big Banks Price-Fixing
Dick, Warrior
Capitalism
Taibbi, Everything Rigged
Leech, Capitalism Genocidal, Rev. by Sethness
Richard Wolff
Kroll, 2012 Elections and Billionaires
Remedies
Gibson, Public Banking
Contents #14
Leibovich: US Capitalism Washington , DC
Cox: The Market as God
Moyers: Freeland, Taibbi, Income Inequality
Birdsell: Poverty of
Working Poor
Ockert: SNAP Handouts
Help Short-term
GLOBAL
Hedges: Global US
Capitalism, World’s Elites vs. World’s Poor
Trainor: And Climate
Change, 180 Degree Turn Needed Now
Bennett: Chomsky , Bolivia
Faulkner:
Over-accumulation of Capitalism:
Defenders of a
Modified Capitalism
Admati and Hellwig: Changing the Banking System
Haque: Changing the Economic System
Strong and Mackey: Conscious Capitalists Can Solve World’s
Problems
Welch: Positive Vision Needed
Contents #15 Nov. 22,
2013 (11 essays)
DEREGULATION/MONEY COUP AND DESTRUCTION OF DEMOCRACY
Frontline, JPMorgan Fined $13 Billion, the Price of Business
as Usual
Hedges (2 essays on disintegrating Corporate State
Moyers & Company:
Interview of Heather Gerken and Joyce Appleby
Moyers & Co., Interview of Gretchen Morgenson, Author of
Reckless Endangerment
Nichols and
McChesney, Dollarocracy
Gotesdiener, A Dream
Foreclosed: Black America
NEW SUSTAINABLE, ECONOMICALLY
JUST, DEMOCRATIC SYSTEM
Senator Sanders, Morally and Economically Sound Budget
Speth, Manifesto for a
New Economy
Appleby, Libertarian View of Flexible Capitalism
Brown, Costa Rican (and North Dakotan!) Public Banking
Contents US
Capitalism Newsletter #16,
US “Free”-Market,
Unregulated Greed
Parramore, Ayn Rand
Video Documentary, Frontline,
“To Catch a Trader”
Dick: Jackson ’s Study of Media
Reporting of Unequal Justice
Michael Klare: Carbon Dioxide Increasing
Building a New
Economic System
Pierce, Economic Bill of Rights Needed vs. Corporations
Chomsky, An Economic System for the Common Good
Weissmann, A Different Federal Reserve
Hedges, Public Banks, the North Dakota
Model
Bradbery, Adequate Regulatory Oversight
Stephenson and Miodema, Volker Rule One Step
The People’s Ally, Public Citizen
Staggenborg, Pledge to Amend, Anti-Corruption Act Petition
US Capitalism Newsletter: Dysfunctions and
Alternatives #17
Dysfunctions of US Capitalism
Starkman, Failure of US Journalism to Investigate US
Financial Power
Cynthia Lobeda, Deep Structural Dysfunction of Capitalism
William Greider, Federal Reserve Needs Overhaul
Lee Fang, Corporate Control of TPP
Red Ink, Film by
Kusha Sefat on Money, Politics, and Media in US
Alternatives to US Capitalism
Richard Swift. SOS: Alternatives to Capitalism (May
2014)
The Monthly Review
Sader and Silverstein, Lula and Brazil ’s Workers Party
Google Search March 16, 2014
Contents US
Capitalism Newsletter #18
Dick, What’s At
Stake
Alternatives to
Capitalism
Naomi Klein, Capitalism
vs. the Climate
Singer, Whose
Millenium? Imagines a “Realistic Utopia”
Hedges: Capitalism/Corporations/Presidential Power Complex
the Problem
Three on US Oligarchy: It’s Worse Than you Suspect
Queally on Krugman
Queally, CEO Pay
Soars in New Gilded Age
Public Citizen, Big Banks Hoarding Commodities
Three Reviews of Piketty’s Capital
Timothy Shenk, Piketty on Inequality
Krugman,
Republican Right and Piketty
Eric Alterman,
Piketty’s Thesis and What Is To Be Done?
END US
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