Consumerism Schizophrenia: Consumer Spending Up, Consumer Confidence Down
The 2010 holiday season was good for retailers in the United States as Americans are back on a shopping spree, often buying what they don’t really need, and foremost what they can’t afford unless they put themselves further in debt. Despite the recession, consumerism is still America’s favorite addiction. But strangely enough, while consumer spending […]
Support Our Troops: Stop Climate Change!
Following up on Gilbert Mercier’s Obama’s Afghan Strategy For A War That Can’t Be Won I would like to offer two other perspectives on the Afghan War, the first much more microscopic, the second more macroscopic. To begin I would like to introduce you to the too little known Afghanada, “an award-winning Canadian radio drama […]
Ecuador Joins Brazil, Argentina, Uruguay And Bolivia To Recognize Palestine
On December 24, Ecuador became the fifth South American countries to formally recognize Palestine as an independent and free state. Earlier in December, Brazil, Argentina, Uruguay and Bolivia announced their recognition of Palestine within the borders the country had before the 1967 six-day-war. This is part of a diplomatic push by Palestinian president Mahmoud Abbas […]
The Slavery Of Debt: Leave Home Without Your Amex, Visa And MasterCard
Predatory global capitalism is still running amok on the global economy. Several countries in the European Union are on the verge of complete insolvency. Ireland had to be bailed out by other richer EU members and was strong armed into accepting a budget austerity plan from the IMF. A few months ago, it was Greece. […]
The Great Recovery Starts With Strong Progressive Taxation
Once upon a time in America, the top tax rates were very high and the gulf between the rich and poor shrank. Fiscal conservative policy that has dominated since Reagan has reversed this trend, and American society is increasingly polarized between the haves and have nots. Despite the capitulation by Obama in extending tax cuts for the rich, it is time to revisit the notion of a truly progressive income tax to usher in The Great Recovery.
