Harold Meyerson: The Big Skim — How Financial Scams Suck Money from Corporations Instead of Investing in Capability and Jobs

Harold Meyerson

Shareholders’ big skim

As a result of the shareholder revolution, the money that once went to expansion and new ventures has gone instead into shareholders’ pockets.

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Mar 12

Russia Today: 33% of US 16 & Up Not Working

RT logo33% of Americans out of workforce, highest rate since 1978

The number of Americans aged 16 and older not participating in the labor force hit 92,898,000 in February, tying December’s record, according to data released by the Bureau of Labor Statistics (BLS).

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Mar 7

Richard Wolff: Class, Change, & Revolution

richard wolff 2Class, Change and Revolution

The winds of change are blowing harder. The crisis since 2007 has renewed criticism of capitalism, but pressure for change has built far longer than that. So it is time to draw some lessons from the major social changes of the past and apply them now. One of the most important lessons concerns class. How activists see and act on today’s class system can make social movements more effective now than in the past – as a brief historical review can show.  . . .  What is possible now is a new class perspective that defines revolution in 2015 as clearly and explicitly targeted to end exploitation in any form.

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Mar 6

SchwartzReport: Naomi Klein on Predatory Capitalism, Holistic Earth & Human Centric Economics

Stephan A. Schwartz

Stephan A. Schwartz

I am beginning to detect a growing trend towards changing the capitalist economic model from one in which profit is the only priority to one in which wellness is the priority, and profit must be made within that paradigm.

SPIEGEL Interview with Naomi Klein: ‘The Economic System We Have Created Global Warming’

Phi Beta Iota: Naomi Klein suffers from the same fragmentation of understanding that all activists suffer, but the emerging convergence of her concerns along with those of Richard Wolff, combined with the emerging possibilities  for electoral reform and a holistic open source activist tool-kit, suggest that between now and 2020 predatory capitalism will be capped and authentic democracy will rise again.

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Mar 1