The 1% And Capitalism | by Shamus Cooke

By definition, capitalism is: An economic system based on private ownership of the means of production (industry, banks, technology), where through the process of market competition, production occurs for private profit — if something cannot be sold for a profit it is...

Greece: going under | by Michael Roberts

The Greek prime minister George Papandreou’s call for a referendum on the bailout package agreed with the EU leaders and the IMF sounds like a move towards democracy.  The Greek people are apparently going to be asked whether they want to accept or reject massive cuts...
The War Against The Poor | by Frances Fox Piven

The War Against The Poor | by Frances Fox Piven

Occupy Wall Street and the Politics of Financial Morality We’ve been at war for decades now — not just in Afghanistan or Iraq, but right here at home. Domestically, it’s been a war against the poor, but if you hadn’t noticed, that’s not surprising. You wouldn’t...