Category Archives: Capitalism

“With Notably Rare Exceptions”

You guys, I never realized how hilarious Alan Greenspan is… Today’s competitive markets, whether we seek to recognise it or not, are driven by an international version of Adam Smith’s “invisible hand” that is unredeemably opaque. With notably rare exceptions (2008, for example), the global “invisible hand” has created relatively stable exchange rates, interest rates, [...]

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Just fake it

Allison Kilkenny Leave a Reply

By allowing banks to kick people out of their homes using fraudulent creative paperwork, this kind of fraud is inevitable. A sign in the front of a building on West 39th Street tells visitors that it’s the Unicredit Debt Resolution Center in Erie. Once debtors got inside, they were fooled into believing they were in [...]

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Citizen Radio interviews Noam Chomsky and Glenn Greenwald

Allison Kilkenny 3 Replies

This week, Citizen Radio interviewed Salon blogger, bestselling author, and constitutional lawyer Glenn Greenwald, and returning champ, Noam Chomsky. Both interviews can be heard by subscribing to the free podcast at wearecitizenradio.com. You can also view a teaser of Glenn’s interview at our Youtube channel, which you should subscribe to in order to see more [...]

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Capitalism didn’t save the miners

Allison Kilkenny 13 Replies

The WSJ published a ridiculous article yesterday that claims Capitalism saved the Chilean miners, and opens with a boldface lie when writer Daniel Henninger proclaims, “It needs to be said.” Does it, Daniel? Does it really? Henninger believes the rescue of the miners is a smashing success for free market Capitalism because without that nifty [...]

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Reimagining Socialism

Allison Kilkenny 1 Reply

Tariq Ali The crisis confronting capitalism is a vivid demonstration of the vapidity that underlay the appeal of globalization (a k a the Washington Consensus) as a mantra for all seasons, all times, all countries and all continents. Mass unemployment once again threatens the advanced capitalist world, as it has during thirty-four business cycles since 1854. Ehrenreich and [...]

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Ukraine On The Brink

NYT KIEV, Ukraine — Steel and chemical factories, once the muscle of Ukraine’s economy, are dismissing thousands of workers. Cities have had days without heat or water because they cannot pay their bills, and Kiev’s subway service is being threatened. Lines are sprouting at banks, the currency is wilting and even a government default seems [...]

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