Financial Crisis

Why the British said no to Europe

A forewarning came when the Treasurer, George Osborne, the embodiment of both Britain’s ancient regime and the banking mafia in Europe, threatened to cut £30 billion from public services if people voted the wrong way; it was blackmail on a shocking scale.

Rabbi Michael Lerner at Muhammad Ali’s Funeral

Rabbi Michael Lerner gives us all a lesson in Speaking Truth to Power at Muhammad Ali’s funeral – much to the discomfort of front row audience member Bill Clinton. Touching on justice for Palestinians, a basic income, and challenging Hillary Clinton to reverse America’s murderous foreign policy, Lerner wasn’t ever going to just go after Trump, but spoke of universal […]

The Grip of Death

When a profession fails to deliver, people inevitably suffer. When that profession happens to be the study and practice of economics, the entire world suffers.

UK media and the legitimisation of austerity policies

By featuring some perspectives whilst excluding others, UK media has played a crucial role in the legitimisation of austerity policies.

The media cannot tell people what to think in a simple manner. However by featuring some perspectives whilst excluding others it plays a crucial role in the legitimisation of policy and the exercise of power.

“Print the Money”: Trump’s “Reckless” Proposal Echoes Franklin and Lincoln

“Print the money” has been called crazy talk, but it may be the only sane solution to a $19 trillion federal debt that has doubled in the last 10 years. The solution of Abraham Lincoln and the American colonists can still work today. “Reckless,” “alarming,” “disastrous,” “swashbuckling,” “playing with fire,” “crazy talk,” “lost in a forest of nonsense”: these are […]

The War on Savings: The Panama Papers, Bail-Ins, and the Push to Go Cashless

What we may be witnessing here is the 1% going after the 10% of people who, according to German researcher Margrit Kennedy, do not need to borrow but are “net savers.” Today the remaining 90% are “all borrowed up.” Either they are unwilling to borrow more or the banks are unwilling to lend to them, since they are poor credit risks. Who, then, is left to feed the machine that feeds the 1%, and more specifically the 0.001%?

Topshop protests over Living Wage and suspensions

Cleaners at Topshop are sub-contracted to a company, Britannia Services Group, that made £1.34m profit after tax. Philip Green, worth nearly £5bn, runs the Arcadia Group that owns Topshop. Arcadia made more than £250m profit last year, but it is registered to Philip Green’s wife, who lives in the Monaco tax haven. Mr. Green recently bought a £100m yacht. The […]

Revolution Is in the Air

WASHINGTON, D.C—The sustained, daily civil disobedience at the Capitol by demonstrators denouncing the capture of our political system by corporate money is part of one of the largest and most important movements for social justice since the Occupy uprising. Join it. Six hundred of the protesters have been arrested, and I was among 100 arrested Friday. The protesters, organized by […]