The presumption of mainstream economists and business journalists (as well as political and economic elites) is that the capitalist machine is the only possible one, and that it will work. Except it’s not: corporate profits have been growing (the red line in the chart above) but investment has been falling.
The world’s richest 22 people own more than Switzerland produces (tags)
Four heirs to the Wal-Mart fortune, the two Koch brothers who inherited their father’s company and two software moguls piggybacking on the government-created Internet are among those whose wealth is in the stratosphere.
The State Invests and Memorandum 2008 (tags)
When the state invests, it ensures that the economy will grow faster tomorrow than today: new streets, better schools and new eco-techniques. In a few years we will all earn more. Even German bank president Axel Weber urges a state economic program.
On the "Wealth Creation" of the Financial Sector (tags)
My counter-thesis is that a huge waste of economic resources occurs in the area of financial services. Competitive games, the worldwide casino and the invention of securities bundling rotten mortgages are not productive achievements of the capital market.
Digging a hole in our treasury (tags)
You thought 12 years of Raygun/Bushit were bad? Hell, they were just warming this trainwreck up. Despirate people are more likely to follow the leader into fascism.
DEAN TO PRESIDENT BUSH: "IT'S TIME FOR THE TRUTH." (tags)
Former Vermont governor says American people should know the true intentions behind Bush administration's agenda (July 25, 2003)