Winston Churchill once famously said of Democracy, “Democracy is the worst form of government, except for all the others.” Oddly, he also said, “The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.”
I say “oddly,” because of Naomi Klein and [...]
Carmen Segarra, 41, said she began recording meetings because she couldn’t believe how the regulators bowed and scraped to the behemoth investment bank. The tapes were released to ProPublica and This American Life.
New York Daily News, By Ginger Adams Otis, September 27
A fired financial regulator whose job was to oversee Goldman Sachs for [...]
The Scots got sick and tired of Thatcherite policies imposed from London.
The American Prospect, By Robert Kuttner, September 23
Why on earth did the Scots, largely quiescent as part of Great Britain for three centuries, suddenly become the mouse that roared?
It wasn’t because they became besotted watching re-runs of Braveheart or Rob Roy, [...]
Tocqueville taught that restless private obsessions would degrade civic commitments close to home.
The American Conservative, By Patrick J. Deneen, September 12
If there are two things that one is likely to hear from college faculty today, they are that 1. Students are too careerist, and 2. We need a more democratic society. They worry [...]
A trove of secret documents details the US government’s global push for shale gas.
Mother Jones, By Mariah Blake, September/October ’14
One icy morning in February 2012, Hillary Clinton’s plane touched down in the Bulgarian capital, Sofia, which was just digging out from a fierce blizzard. Wrapped in a thick coat, the secretary of state [...]
It seems like so very long ago, many of us here at The Agonist gave up on Barack Obama. It was long ago – six years now – which is a long time considering the progress the United States could have made had Obama been the leader he promised to be. My disillusionment was almost [...]
Esquire, By Charlie Pierce, August 6
To paraphrase from my grandmother, the former shepherd lass from the hills and hollows of north Kerry, who the fck is Campbell Brown when she’s at home?
Well, on the basics, she’s from Ferriday, Louisiana, the hometown of Jerry Lee Lewis, and she graduated from Regis University in Denver [...]
…I would have laughed in your face. But it did:
Why abandon K-Street, and acknowledge, then reject, the Big Business perception of the GOP? They’ve had the Republican Party’s back for some time, right? In the past, the largest companies favored one party over the other because they understood a pro-capitalist, low-regulation government benefits [...]
OilPrice.com, By Andy Tully, July 13
According to BP, drivers whose vehicles rely on burning oil have a little more than a half-century to find alternate sources of energy. Or walk.
BP’s annual report on proved global oil reserves says that as of the end of 2013, Earth has nearly 1.688 trillion barrels of crude, [...]
The Bitter Truth Behind the Gospel of Productivity
VQR, By Esther Kaplan, Summer 2014
When Lisa Norris was a kid in Cookeville, Tennessee, her father worked at Acme Boots, and that plant and her childhood were intertwined. One of her earliest memories is of wandering around the factory among bins of leather, breathing in the [...]
And remember how they supported unions, the (informed) workers supported unions, and hell, most of America wanted to see those plants opening up here because, jobs? And it was only a small handful of conservative morons who were all Socialism!!!!!, which of course neglects the fact that the same “socialism” was expanding production into [...]
Naked Capitalism, By Yves Smith, July 7
The mortgage beat has been quiet of late, but I must confess to being remiss in writing up two recent losses suffered by MERS. One of the big reasons that MERS has taken comparatively few losses in court is that it has often settled cases where it looked [...]
CBC, By Kristy Kirkup, July 3
Trade officials from Canada and other Asia-Pacific nations are meeting behind closed doors in Ottawa to discuss the Trans-Pacific Partnership, a massive free-trade proposal that could create one of the world’s largest trading blocks.
The TPP currently comprises 12 countries, including Canada, Australia, Brunei, Chile, Japan, Malaysia, Mexico, New [...]
I was talking the other day about how people select their facts and their beliefs, how they use (or don’t use) science. I referred Dr. Strangelove and President Muffley’s line when he learns about the Soviet’s automatic doomsday device, “This is absolute madness. Why should you build such a thing?”
The name of the New [...]
Naked Capitalism, By Lambert Strether, June 29
I cruised by Scotusblog today and saw this note:
At 9:30 a.m. on Monday we expect orders from the June 27 Conference, followed by the opinions at 10:00 a.m. We will begin live-blogging at this link at approximately 9:15. The only remaining undecided cases of the Term [...]