Even by the standards of arms deals between the United States and Saudi Arabia, this one was enormous. A consortium of American defense contractors led … Clinton Foundation Donors Got Weapons Deals From Hillary Clinton’s State DepartmentRead more
Economics
Posted inEconomics / Education / Prison / ToMl
Prison spending rises three times faster than education funding in US
The US has increased its spending on prisons and jails to a staggering $80 billion a year. A new government report, issued last week, contrasts … Prison spending rises three times faster than education funding in USRead more
Posted inEconomics / Education / ToMl / USA Empire
Detroit Public Schools: A Case Study in American Apartheid
Since 1999 the Detroit Public Schools (DPS) system has been under siege by successive Republican and Democratic state administrations. Politicians and business interests have viewed … Detroit Public Schools: A Case Study in American ApartheidRead more
Posted inEconomics / ToMl
LIBOR: History’s Largest Financial Crime that the WSJ and NYT Would Like You to Forget
I read a BBC story about the LIBOR criminal trial in the UK and was going to write to criticize its woeful analytics. In preparation … LIBOR: History’s Largest Financial Crime that the WSJ and NYT Would Like You to ForgetRead more
Posted inEconomics / Politics / ToMl
Second Thoughts on James Burnham
James Burnham’s book, The Managerial Revolution, made a considerable stir both in the United States and in this country at the time when it was … Second Thoughts on James BurnhamRead more
Posted inEconomics / Politics / ToMl
The Return of Karl Polanyi
In the first half century of Dissent’s history, Karl Polanyi almost never made an appearance in the magazine’s pages. On one level this is surprising, … The Return of Karl PolanyiRead more
Posted inEconomics / Politics / ToMl / USA Empire
The Alternative to Fervent Nationalism Isn’t Corporate Liberalism—It’s Social Democracy
In his 1946 essay reviewing former Trotskyist-turned-reactionary James Burnham’s book The Managerial Revolution, George Orwell made several observations that resonate just as powerfully today as … The Alternative to Fervent Nationalism Isn’t Corporate Liberalism—It’s Social DemocracyRead more
Posted inEconomics / ToMl
Karl Marx on Financial Bubbles
While paying homage to Marx for his profound understanding of “the laws of motion of the capitalist mode of production,” most contemporary economists argue that, … Karl Marx on Financial BubblesRead more
Posted inEconomics / Politics / ToMl / USA Empire
Vanishing the People’s Wealth to Make the Bosses Richer
Imagine you are a shareholder in a big company and the top executives are sitting on huge amounts of cash and are not interested in … Vanishing the People’s Wealth to Make the Bosses RicherRead more