Even as slavery was being abolished in the North, it continued to flourish, since the slave system was not confined simply to below the Mason-Dixon Line. The financing of the slave trade’s illegitimate commerce was sited heavily in Manhattan.
No private, unelected entity should have the power over the economy that BlackRock has, without a legally enforceable fiduciary duty to wield it in the public interest.
The Vermont Senator just stood up to Amazon — but what about those Too Big To Fail banks?
The City of London, Britain's financial equivalent of Wall Street, is--like its American co-equal --virtually unrivaled given its capacity to develop a business largely on the basis of using the new post-war world currency, the U.S. dollar, and its corresponding wasting away of British industry.
We should hardly be surprised that Bitcoin is on a wild speculative ride—that’s the essence of privatized credit creation.
Jeff Immelt’s resignation as CEO of General Electric shows that we cannot think of industry as finance’s opponent.
Central banks are on a global corporate buying spree not to bail out bankrupt corporations but simply as an investment, to compensate for the loss of bond income due to record-low interest rates.
We have passed the era of industrial capitalism and have entered finance capitalism based on expansion of the neoliberal economic model globally. This is fundamental to understand because it is this model that is driving all of our crises.
The middle class, once the backbone of a strong American society, has been broken, beaten down, pushed further and further toward poverty levels. Here are five well-documented ways that this has happened.
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