Our Everyday Lives Have Been Financialized — And It’s Destructive

Costas Lapavitsas The Guardian http://www.guardian.co.uk/environment/ The mature economies of the modern world, particularly the United States and Britain, are often described as “financialized.” The term reflects the ascendancy of the financial sector. Even more important, it conveys the penetration of the … Continue reading

Look at the Stats — America Resembles a Broken Banana Republic

CJ Werleman AlterNet http://www.alternet.org/economy/america-rich-name-only-look-stats-we-resemble-broken-banana-state?paging=off&current_page=1#bookmark Last week, President Obama gave one of the most important speeches of his presidency when he spoke about the rapidly growing deficit of opportunity in this country. It was the president’s most focused and deliberate address … Continue reading

Listen Up, Budget Cutters. Austerity Can Lead to Blood on the Streets, Even in America

Lynn Stuart Parramore AlterNet http://www.alternet.org/economy/austerity-and-riots Squeeze and push. Punish and strain. Since the global financial crisis of 2008, elites across the world have been on a tear against ordinary citizens, promoting austerity policies that strip hard-working people of their jobs, … Continue reading

Hope in the Age of Looming Authoritarianism

Henry A Giroux Truthout http://www.truth-out.org/opinion/item/20307-hope-in-the-age-of-looming-authoritarianism In the current historical moment, the line between fate and destiny is difficult to draw. Dominant power works relentlessly through its major cultural apparatuses to hide, mischaracterize or lampoon resistance, dissent and critically engaged social … Continue reading