Why do we fail in protecting our own people’s health and well-being while we squander more than a trillion dollars each year – with the assent of both Republicans and Democrats – on maintaining a failed and futile military empire across the world?
When the Covid-19 scare has passed, we will have a different government, a different economy and a different financial system. We need to make sure that what we get is an upgrade that works for everyone.
At a press conference on Jan. 6, the President of Mexico said the neoliberal model had failed; private banks were not serving the poor and people outside the cities, so the government had to step in.
The repo market is a fragile house of cards waiting for a strong wind to blow it down, propped up by misguided monetary policies that have forced central banks to underwrite its highly risky ventures.
Why are banks no longer lending to each other? Are they afraid that collapse is imminent somewhere in the system, as with the Lehman collapse in 2008?
...The Chico Green New Deal framework marries rapid decarbonization targets with calls for more affordable housing; a safe and sustainable food system; investments in “clean, 21st century” public transit; green jobs creation...and much more.
The ideology of neoliberal capitalism was the promise of growth. But with neoliberal capitalism reaching a dead end, this promise disappears and so does this ideological prop.
The invisible hand is more like a thumb on the scale for the world’s elites. That’s why market fundamentalism has been unmasked as bogus economics but keeps winning politically.
In other words, we’re talking about a national epidemic of self-inflicted deaths.
Over the last few decades, the employee-employer relationship has been hollowed-out...by the staffing industry and businesses that want to “hire” workers without the regulations and obligations that come with officially employing them.
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