Journal: Entering the Era of State Capture

The Baseline Scenario What happened to the global economy and what we can do about it Who is Carlos Slim? The US increasingly displays characteristics that we have seen many times in middle-income “emerging markets” – new dimensions of vast inequality, forms of financial instability that benefit the best connected, and consistently easy credit for the …

Journal: Chuck Spinney Highlights Labor Day in a Kleptocracy

Where have All the broad Shoulders Gone? Or, Labor Day in a Kleptocracy posted by Juan Cole Sept 7, 2009 http.www.juancole.com/2009/09/where-have-all-broad-shoulders-gone-or.html The unemployment rate as I write is inching toward 10 percent nationally, and that is only counting people who were still looking for a job recently. A vast bank robbery by the corrupt on …