(NaturalNews) – The Gulf of Mexico oil catastrophe, now in its 35th day, has struck land, coating tourist beaches, marshes and shorelines with a greasy black filth that metaphorically represents the corporate greed that now dominates the U.S. economy. We are all awash in the dark slime of corporations gone bad, and now we’re paying the price for allowing these companies to dominate our media, our government and our entire economy.
You might think government regulators could have prevented all this, but that’s hardly the case. This disaster isn’t merely about a government regulation failure; it’s about what happens when you let corporations rule Washington. Continue reading →
Are you angry about Wall Street’s reckless excesses? Are you disappointed with President Obama’s limp approach to reform? You can change this, acting individually and collectively. Withdraw your deposit and savings accounts from the large banks that brought the system to ruin and were subsequently rescued with billions in government bailouts. Put your money instead in smaller, safer banks or credit unions closer to home–the thousands of community institutions that do not harvest their profits from greed and recklessness. Continue reading →
(DailyMail) – No name is more ubiquitous in the pantheon of global finance than that of Goldman Sachs. At a time when world commerce and banking has been brought to a shuddering halt by greed, excess and foolishness, this investment bank provoked astonishment and disgust this week by handing out record bonuses. Continue reading →
Recent scandals in America reveal a value system that puts the wealth of a few before the welfare of many
‘What an ideology is, is a conceptual framework with the way people deal with reality,” Alan Greenspan told the Congressional House oversight and government reform committee on 23 October. “Everyone has one. You have to – to exist, you need an ideology. The question is whether it is accurate or not.” As the former chairman of the Federal Reserve, from 1987 to 2006, Greenspan stood at the helm of US monetary policy during the time conditions for the current meltdown were being created.
“And what I’m saying to you,” he continued, “is, yes, I found a flaw. I don’t know how significant or permanent it is, but I’ve been very distressed by that fact … [I found a] flaw in the model that I perceived is the critical functioning structure that defines how the world works.” Continue reading →
19/09/08 “CS” — – The Crash of 2008, which is now wiping out trillions of dollars of our people’s wealth, is, like the Crash of 1929, likely to mark the end of one era and the onset of another.
The new era will see a more sober and much diminished America. The “Omnipower” and “Indispensable Nation” we heard about in all the hubris and braggadocio following our Cold War victory is history.
Seizing on the crisis, the left says we are witnessing the failure of market economics, a failure of conservatism.
This is nonsense. What we are witnessing is the collapse of Gordon Gecko (“Greed Is Good!”) capitalism. What we are witnessing is what happens to a prodigal nation that ignores history, and forgets and abandons the philosophy and principles that made it great. Continue reading →