Category Archives: economics

Breaking it Down: Industrial Capitalism vs. Financial Capitalism (or, Why We’re F*cked)

Michael Hudson asks: “In light of the enormous productivity gains since the end of World War II – and especially since 1980 – why isn’t everyone rich and enjoying the leisure economy that was promised?” The answer (per Hudson) is … Continue reading

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Adding Pikes and Tumbrils to the Populist Arsenal

by matttbastard Hilzoy sharpens her pitchfork (what? Hil so owns a pitchfork — and, from what I’ve heard, has quite the loverly garden) and pins the AIG bonus issue–and out-of-touch Wall Street execs—to the wall: [T]he real issue isn’t bonuses. … Continue reading

Posted in class, economics, economy, friends, politics, privilege, stupidity, US | Tagged , , , , , , , , , , , , , , , , , , , , , | 1 Comment

The Shock Doctrine 4: Parallel Lines

by matttbastard Chapter 3: States of Shock: The Bloody Birth of the  Counter-revolution (Previous posts here, here and here; Sarah’s posts here.) I think those programs were absolutely essential to the success we enjoyed of being able to collect the … Continue reading

Posted in 9/11, books, Chile, economics, economy, ethics, human rights, neoliberalism, Pinochet, politics, right-wing, US | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments

Shoving a Jeroboam Straight Up David Brooks’ Backside

by matttbastard Jim Hightower has never let his pitchfork grow dull, as he shows in this merciless skewering of the latest idiotic bleat from token NY Times conservative columnist Bobo Brooks: There is a fury in the countryside toward these … Continue reading

Posted in class, culture, economics, economy, media, MSM, politics, rhetoric, stupidity, US, video | Tagged , , , , , , , , , , , , , , , , , , , , , | 1 Comment

New Challenges, New Opportunities

by matttbastard The most recent edition of openDemocracy’s 50/50 quarterly features an interview with Dr. Yakin Erturk, the United Nations Special Rapporteur on Violence against Women, on how the global economic crisis is affecting women.  Dr. Erturk also notes the … Continue reading

Posted in economics, economy, gender, government, human rights, UN | Tagged , , , , , , , , , , | 1 Comment

Stephen Harper on Canada’s Economy: Catch the Wave!

by matttbastard Uncle Steve is looking onward and upward: Faced with complaints he wasn’t doing enough to soothe a nervous nation, Harper offered a detailed, if unemotional, dissertation on the economy. “For Canada, this crisis does offer opportunity,” Harper told … Continue reading

Posted in Canada, Canadian politics, economics, economy, government, Harper, politics, right-wing, stupidity, video | Tagged , , , , , , , , , , , , , , , | 1 Comment

Losing the Forest Behind the Trees

by matttbastard Via Memeorandum, some of the other progressive bloggers highlighting McHenry’s statement seem to be primarily concerned with how the Dem0cratic leadership in Congress can use the GOP’s apparent lack of ‘discipline’ to partisan advantage. Yeah, um, so what … Continue reading

Posted in blog!blog!blog!, class, Congress, economics, economy, election, politics, Ranty McFuckyou, right-wing, stupidity, US | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

GOP Rep. Patrick McHenry: Sabotaging the Future is SOP

by matttbastard Greg Sargent notes that House Taliban lieutenant Rep. Patrick McHenry has finally given voice to the blatantly obvious motivation driving the GOP obstruction uber alles strategy: McHenry’s description is buried in this new article from National Journal (sub. … Continue reading

Posted in Democratic Party, Democrats, economics, economy, election, GOP, government, politics, right-wing, stupidity, US, video | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

651,000 US Jobs Lost in February; Unemployment Rate Now at 8.1%

by matttbastard Yep, it’s that time of the month again, kids: U.S. employers axed 651,000 jobs in February, pushing the unemployment rate to its highest in 25 years, as companies buckled under the strain of a recession that is showing … Continue reading

Posted in capitalism, class, economics, economy, GOP, politics, right-wing, stupidity, US | Tagged , , , , , , , , , , | 2 Comments

Quote of the Day: “A crisis of the moral economy.”

by matttbastard The greatest irony of the Thatcher crusade is that its economics pulled against its ethics. I doubt if the idealised abstinent, puritanical, self-respecting Grantham of her imagination ever existed in the real world. It certainly didn’t exist in … Continue reading

Posted in Blair, class, conservatism, consumerism, democracy, economics, economy, ethics, Europe, history, rhetoric, right-wing, UK | Tagged , , , , , , , , , , , , , , | 5 Comments