Category Archives: Exposé

great, another big-shot criminal at work

The Economic Enlightenment You’ve Been Asking For

Public Money for Public Purpose

People have been asking about how to learn more about economics and finance, and there really isn’t anything more important than understanding the basics of those fields, for it is here that our destinies are written.

The following are links to a six part series of essays which appeared on Naked Capitalism a few weeks ago. This is probably the most important work that’s been done regarding political economy and monetary theory in a long time, because it takes a complex subject and makes it accessible. Please take the time to read it; I promise you’ll find it worth the effort.

Part One: http://www.nakedcapitalism.com/2011/12/public-money-for-public-purpose-toward-the-end-of-plutocracy-and-the-triumph-of-democracy.html

Part Two: http://www.nakedcapitalism.com/2011/12/public-money-for-public-purpose-toward-the-end-of-plutocracy-and-the-triumph-of-democracy-part-ii.html

Part Three: http://www.nakedcapitalism.com/2011/12/public-money-for-public-purpose-toward-the-end-of-plutocracy-and-the-triumph-of-democracy-part-iii.html

Part Four: http://www.nakedcapitalism.com/2011/12/public-money-for-public-purpose-toward-the-end-of-plutocracy-and-the-triumph-of-democracy-part-iv.html

Part Five: http://www.nakedcapitalism.com/2011/12/public-money-for-public-purpose-toward-the-end-of-plutocracy-and-the-triumph-of-democracy-part-v.html

Part Six:  Public Money for Public Purpose: Toward the End of Plutocracy and the Triumph of Democracy – Part VI

Pete Muldoon

U.K. Guardian: Why Occupy goals are freaking out both sides

The shocking truth about the crackdown on Occupy
The violent police assaults across the US are no coincidence. Occupy has touched the third rail of our political class’s venality

 

I was still deeply puzzled as to why OWS, this hapless, hopeful band, would call out a violent federal response.

That is, until I found out what it was that OWS actually wanted.

The mainstream media was declaring continually “OWS has no message”. Frustrated, I simply asked them. I began soliciting online “What is it you want?” answers from Occupy. In the first 15 minutes, I received 100 answers. These were truly eye-opening.

The No 1 agenda item: get the money out of politics. Most often cited was legislation to blunt the effect of the Citizens United ruling, which lets boundless sums enter the campaign process. No 2: reform the banking system to prevent fraud and manipulation, with the most frequent item being to restore the Glass-Steagall Act – the Depression-era law, done away with by President Clinton, that separates investment banks from commercial banks. This law would correct the conditions for the recent crisis, as investment banks could not take risks for profit that create kale derivatives out of thin air, and wipe out the commercial and savings banks.

No 3 was the most clarifying: draft laws against the little-known loophole that currently allows members of Congress to pass legislation affecting Delaware-based corporations in which they themselves are investors.

When I saw this list – and especially the last agenda item – the scales fell from my eyes.

So much for First Amendment

A short course on why so few of us can afford the mondo-deluxe version of the First Amendment. Call it Superfree Speech.

Superfree Speech, which costs millions, stomps the living daylights out of mere Free Speech.

 

It was all a mistake

Where corporations-are-people came from.

Spoiler alert: it was a grotesque overreach then as now.

It’s hard work keeping Occupy clean

OccupyJH is not into that “national party loyalty” thing.