Saturday, January 21, 2012

crony capitalism

The unbridled greed of our "leaders" and their revolving corporate-to-government-and-back-again door is corrupt beyond words. To learn more, watch this Bill Moyers video featuring David Stockman. The full version is here.


It's time for the American people to take back our country from the thieves and liars on Capital Hill. Crony capitalism must end for our country to survive.

Moyers also has a great interview with Pulitzer Prize-winning NY Times business reporter Gretchen Morgenson, the author of Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon.



Tuesday, January 17, 2012

the real risk takers

In the conservative ideology, the wealthy "titans of business" are the "risk-taker" heros of the economy. In reality, the further you get to the top of the economic scale, the fewer risks you have to take to churn more and more personal wealth.

Even with crash and burn business failures, these CEOs are walking away with millions in their golden parachutes, while the working class is bearing more and more risk in their daily lives.

My only hope for the US economy rests on the fact that this man exists and writes frequently with such rationality and eloquence on the reality of how the economy works — Robert Reich.

Hopefully, someone will listen before it's too late.