Browsing articles in "Media Library"
Jul 14, 2012

Corporate Corruption: The Spreading Scourge

Speaking of bringing bad things to life, Eduardo Porter writes in the business section of The New York Times:

Company executives are paid to maximize profits, not to behave ethically. Evidence suggests that they behave as corruptly as they can, within whatever constraints are imposed by law and reputation….

And the furious rush of corporate cash into the political process — which differs from bribery in that companies pay politicians to change laws rather than bureaucrats to ignore them — is unlikely to foment ethical behavior.

Read the story here.

Jul 13, 2012

Bringing Bad Things to Life

In the second installment of “Capitalism Unmasked,” Econ4’s joint project with AlterNet, Doug Smith lays out the difference between profiting from market successes and profiting from market failures:

Capitalists can pick between two responses to markets that are failing. They can bet their capital on fixing them – on bringing more good things to life. Or, they can do everything possible to extract more and more profit by extending, expanding and exacerbating the failures.

Read more here.

Jul 13, 2012

How Paris Hilton’s Dogs Ended up Better off than You

Jerry Friedman recounts the gripping story of the greatest heist ever in the first installment of “Capitalism Unmasked,” Econ4’s joint project with AlterNet:

Elites say that we need inequality to encourage the rich to invest and the creative to invent. That’s working out well — for 1% pooches.

 

Read all about it here.

Jun 29, 2012

Too-big-to-fail banks: Heads they win, tails we lose

Yves Smith of Naked Capitalism and Matt Taibbi of Rolling Stone dissect the corrupt nexus between our financial system and our political system:

Source: http://billmoyers.com/segment/matt-taibbi-and-yves-smith-on-the-follies-of-big-banks-and-government/

 

Jun 11, 2012

Gar Alperovitz on the new economy movement

Just beneath the surface of traditional media attention, something vital has been gathering force and is about to explode into public consciousness.

 

Read about it here.

Jun 7, 2012

Rent-seeking in America

Nobel laureate Joe Stiglitz defines rent-seeking as “using political and economic power to get a larger share of the national pie, rather than to grow the national pie” – and he says that America today has become a rent-seeking society. Hear him interviewed here (the 7:40-8:55 interval for the rent-seeking passage), discussing on his new book, The Price of Inequality.

Jun 6, 2012

Fatter Cats

Check out the astonishing rise in CEO pay in the United States:

Source: http://telltalechart.org/

Jun 6, 2012

Telltale Charts

Charting the rise of the 1%:

http://telltalechart.org/

May 19, 2012

Too hot for TED?

Something funny happened when millionaire Nick Hanauer’s was invited to give a TED talk on income inequality in America. He advocated higher taxes on the rich – including people like himself. Then the good people at TED decided his talk was too “political.” They decided not to post it. Here’s an excerpt from Hanauer’s non-talk:

We’ve had it backward for the last 30 years. Rich businesspeople like me don’t create jobs. Rather they are a consequence of an eco-systemic  feedback loop animated by middle-class consumers, and when they thrive, businesses grow and hire, and owners profit. That’s why taxing the rich to pay for investments that benefit all is a great deal for both the middle class and the rich.

Read the full text of Hanauer’s non-talk here.

See his powerpoint slides here.

Read the backstory here.

May 18, 2012

People’s Guide to the Federal Budget

New from the National Priorities Project:

The only thing stronger than money in politics is an informed electorate.

 

Find the report here.

 

Pages:«1...21222324252627...32»