The model for us rich guys here should be Henry Ford, who realized that all his autoworkers in Michigan weren’t only cheap labor to be exploited; they were consumers, too. Ford figured that if he raised their wages, to a then-exorbitant $5 a day, they’d be able to afford his Model Ts.
What a great idea. My suggestion to you is: Let’s do it all over again. We’ve got to try something. These idiotic trickle-down policies are destroying my customer base. And yours too.
Regulations on pesticides have failed to prevent poisoning of almost all habitats, international team of scientists concludes
The world’s most widely used insecticides have contaminated the environment across the planet so pervasively that global food production is at risk, according to a comprehensive scientific assessment of the chemicals’ impacts.
The researchers compare their impact with that reported in Silent Spring, the landmark 1962 book by Rachel Carson that revealed the decimation of birds and insects by the blanket use of DDT and other pesticides and led to the modern environmental movement.
Here is what I think is a correct assessment of the new global aristocracy that owns a growing percentage of the world's wealth, and wants more. We think of peasants as agricultural workers. But that is the past. In the present day it is increasingly ordinary workers — both blue and white collar. The wealth differential now is even greater than it was in the 14th century. Click through to see the very useful graphs.
This story broke almost a week ago, but it was so inflammatory that I decided not to run it immediately. I wanted to be sure it was accurate. Nearly 800 dead babies found in a septic tank on the grounds of a Roman Catholic home for “unwed mothers” was just too damning. As time as gone on however the story just gets worse. Here is the current state of the situation. This is part of the trend of the imploding Catholic Church. And I suspect there will be more revelations to come.
It gets worse. One week after revelations of how over the span of 35 years, a County Galway home for unwed mothers cavalierly disposed of the bodies of nearly 800 babies and toddlers [3] on a site that held a septic tank, new reports are leveling a whole different set of charges about what happened to the children of those Irish homes.
Foreign Policy Research Institute, June 10, 2014 – 10:03am
PBI Executive Summary: Significant fraud in first round (at least one seventh of the total votes); 3,000 election staff fired, Afghan government indicted for forbidding polls (the major fraud detection measure) and allowing repeat of massive fraud. New polls indicate Ghani wins easily on demographics alone. If normally standard measures do not counter fraud, election will be polarizing, civil war the outcome, and all investment to date made moot.
The Russians are actually making a move against the petrodollar. It appears that they are quite serious about their de-dollarization strategy. The largest natural gas producer on the planet, Gazprom, has signed agreements with some of their biggest customers to switch payments for natural gas from U.S. dollars to euros. And Gazprom would have never done this without the full approval of the Russian government, because the Russian government holds a majority stake in Gazprom. There hasn't been a word about this from the big mainstream news networks in the United States, but this is huge. When you are talking about Gazprom, you are talking about a company that is absolutely massive. It is one of the largest companies in the entire world and it makes up 8 percent of Russian GDP all by itself. It holds 18 percent of the natural gas reserves of the entire planet, and it is also a very large oil producer. So for Gazprom to make a move like this is extremely significant.
Privatization is the curse laid upon society by vampire capitalism. As this article shows it only benefits the rich, and it degrades the lives of ordinary Americans.
As most experts and layman enthusiasts will tell you, there’s no one, single explanation for the past 30-plus years of growing economic inequality. Its drivers are multiple and separating one from the other is often quite complicated. Low taxes on wealthy individuals and corporations, the gutting of labor unions, the increased mobility of capital, technological gains, overly protective intellectual property law; the list goes on.
In fact, here’s another one to add to the list: privatization. According to ‘Race to the Bottom: How Outsourcing Public Services Rewards Corporations and Punishes the Middle Class,” a new study from In the Public Interest, a think tank focused on how privatization affects the economy, the routine practice of outsourcing government functions is another important reason why the middle class is shrinking as those at the very top reap more and more of the fruits of our economy. To explain how that is – and why it’s important that people committed to economic justice push back against the practice – Salon recently spoke with ITPI research and policy director Shar Habibi. Our conversation is below and has been edited for length and clarity.
