Ali Velshi and Stephanie Ruhle invited 'Donald Trump for President' advisory board member Brad Thomas onto their MSNBC show today and gave the hapless business man one of the most savage dressing downs ever.
Are we on the brink of a completely new economic system? If you look at the surge in interest of cryptocurrencies like Bitcoin, we might well be.
Despite the conservative insistence that the same economic policies responsible for wrecking the economy in 2008 are the only ones capable of fixing it, President Obama has now definitively shown otherwise.
Hint: it's not good.
As virtually every media outlet has concluded, Trump's economic plans would be a disaster for the country in every conceivable way.
"It’s far from clear that he has expanded that fortune any more than he would have if he had simply parked the money in an index fund."
In an extremely interesting interview with New York Times Magazine about his economic legacy, President Obama delivered a stinging assessment of current conservative economic ideology and trashed the economic platforms of the Republican candidates running for president.
This did not go well for Stuart Varney
This is somehow deemed "mainstream economics" in Republican fantasy land.
A single term of a Rubio presidency could send the country back into an economic death spiral, undoing the work Obama and his team of actual grownups have put in over the past 7 years -- a prospect no intelligent person should even begin to entertain.
This is not an endorsement, but a proclamation: Bernie Sanders is laying the foundation for a new Democrat that will change the party for the better.
This is truly astonishing.
This is how the game works: the rich win if their gambling pays off, and the rich win again when it doesn't.
In the UK, the conservative party has implemented their vision of a free market society with such force that the United Nations is now launching an investigation into the violation of British citizen's human rights
While prime minister David Cameron appears to be an emotionally attuned, relatively human politician, he is in fact embarking on one of the most vicious programs of social cleansing in modern British history. Not only this, but the conservative government's radical welfare reform program appears to be literally killing people.
While tech billionaires and sycophantic journalists who report on them laud the hipster friendly 'Sharing Economy', the reality is, this is just a buzzword for a new economy that badly screws the poor.
Paul Krugman weighs in on the latest round of insane German/Euro demands on beleaguered Greece.
Jeb Bush wants Americans to work harder than they are already because within the paradigm of neoliberal economics, there is no other way.
Fascism in Greece is alive and well and would no doubt thrive should Greece's economic situation deteriorate further. Is this a risk Europe wants to take? If anyone should know better, it is Germany.
Austerity extends the control and will of a select band of elite actors over a massive number of people in Europe. Austerity as a medicine has been known to be counterproductive since the early twentieth century. And yet, the global and European financial elites continue to impose it. Why?
Here are 7 reasons why Greece's rejection of austerity was so important for the world that has been living under the dictates of a vicious capitalistic system.
Want to live in New York City? Thanks to the rich, now you can't.
A billionaire spills the beans on why right wing economic theory is complete nonsense.
Welcome to a world built by billionaires, for billionaires.
When you design an economy to be based on short term profit to the benefit of giant corporations, the results over the long term will be a country so hostile to human life that the unreasonable and unthinkable becomes an every day reality.
Required reading for anyone who wants to understand what has happened to the US university system, and how pressing the need for reform is:
Americans currently owe $1.6 trillion in student debt and that figure is expected to rise t0 $2 trillion in 2022. Study after study has shown that this debt is not only unsustainable, but a severe drag on the economy. People in severe debt don't spend money, don't start business and are always looking at ways to cut costs - in other words, the exact behavior that leads to recession. So what is the purpose of this insane system?
"I had friends from all walks of life and honestly don't remember them by way of ethnicity or social class. At that age, it was all about who could do Michael Jackson dancing the best, and who was the fastest runner. I'd go to my mates houses or flats after school for tea (biscuits and Ribena usually) and didn't really get any sense that I was different to anyone else. South London was a slightly dangerous, yet fun place to grow up where you genuinely felt like you were part of a community. Fast forward 25 years and my hometown of Clapham is a very, very different place." Read more...
What do we make of political leaders in already deeply unequal countries explicitly giving out advice to the wealthy on how to game the tax system?
"I had a funny experience after going on the Thom Hartmann's show 'The Big Picture' last night, and one that made me cautiously optimistic for the future of America."
When the rich begin to worry that poor people are too poor and that they might be too rich, it is probably a fairly good indicator that society is on the brink of big change.
If Republicans want to channel the spirit of Martin Luther King, they should start by reading him.
Welcome to the future of big cities. A future filled with gigantic assholes with lots and lots of money, all of whom want to let you know just how f*cking rich they are. God help us all.
America is a proud 'home ownership society'. The problem is, Americans don't really own their homes, someone else does and they will take it from you when you stop paying them.
"Every single bit of advice you gave would have lost people money, Rick"
There is a worrying trend amongst Obama supporters - the complete inability to fault the President for anything, even when it's obvious he screwed up. Case in point- Obama's complete failure to regulate Wall St.
Noam Chomsky lays out some basic economic facts about the suppression of the minimum wage
In a neat, 800-word column, Brooks divides the world into responsible rich people and irresponsible poor people, and postulates that inequality has nothing to do with the wealthy rigging the economy to maintain their wealth, but more to do with failed policies towards poor people, who just breed and won't work.
As the World Economic Forum starts in Davos, a recent report from the charity Oxfam highlighted the astonishing global wealth divide that now exists between the super rich and super poor.
On Wednesday’s edition of CNN’s Crossfire, former Clinton administration Secretary of Labor Robert Reich (a real economist) got into a lively debate with conservative host S.E. Cupp (not a real economist). Cupp, whose credentials in economics include having a degree in Art History and being a guest on Fox's Hannity, challenged Reich’s assertion that raising wages and supporting unions would boost the economy.
According to wealth guru Tom Corley, poor people need to stop going to McDonalds, get their asses to the gym, and listen to self help audio books on the way to their shitty jobs. That way they will become rich.
The governor of the Bank of England wants to increase the size of the UK financial sector. Can bankers be trusted to determine what's best for the economy? Would you trust a sex addict with fidelity?
While much of the planet lives on less than $2 a day, Bill Gates has a 66,000-square-foot main residence on Lake Washington, Medina, that was recently profiled on Yahoo.com. What kind of economic system creates this type of astronomical disparity between rich and poor and still exists without a major uprising? Explanations are welcome.
It's Friday, so sit back, relax, and read this stuff while pretending to work. Then bail early and go play Grand Theft Auto V. It's what I'm gonna do.
According to Forbes magazine, the 400 wealthiest Americans are now worth a record $2.02 trillion, up from $1.7tn in 2012. According to Republican economics, the richer the rich get, the better off everyone else is. Except of course, they aren't.