Guy Zimmerman, in reviewing the new Wall Street film The Big Short, muses on the desperate conformity required in today’s entertainment in this new Gilded Age of oligarchy and disempowerment that has overtaken culture in the U.S.
Tag: Wall Street
In honor of Labor Day and the continuing inequality in the U.S. economic system, Christopher Ketcham’s essay was published a Occupy Wall Street was taking off in 2011. The problem continues: money given out in Wall Street bonuses in 2014 was twice the amount all minimum-wage workers earned combined.
What kind of President would Hillary Clinton be? According to her record, she has consistently favored big business, multinational billionaires and the national security state, at the expense of the “everyday Americans” she claims to “champion.” Not in the least progressive.
In a nation that prides itself on democracy and equality, one finds many defenders of elitism and inequality among some conservatives, most libertarians, and especially objectivists. In a capitalist nation, one that often worships economic success above morality, one can find religious defenses of amorality going back pretty far. How did we get here?
Ellen Brown writes on how the Detroit bankruptcy seeks to sacrifice pensioners to pay off the big banks, appearing like the “bail-in” template pushed upon Cyprus which restructured their insolvent banks using depositors funds while sparing those from other banks and governments. Stephen Colbert sums up the situation with some levity as Detroit fights its way back to solvency.