The U.S. Economy Is Socialism for the Rich | | AlterNet
Free market capitalism in the United States is by no means “free.” Its time we recognize this and move past the destructive neoliberal agenda.
See also Michael Leon Guerrero’s From the Ashes of Neoliberalism
The average compensation of a CEO in 1980 was about 42 times that of the average worker in the company; in 2006, it was more than 364 times. Income Gap: CEOs vs. Workers | OurFuture.org
To Reduce Economic Inequality, Protect Workers’ Rights | OurFuture.orgExtreme economic inequality sharpens perhaps the ultimate contradiction between capitalism and democracy. This can be seen in the corrosive influence of money in the nation’s politics, as corporations and the wealthy buy ever more influence with their increasing opulence. Meanwhile, political participation by the working class and [...]
Unemployment is climbing. The stock market is dropping. The housing boom is bust. Corporate earnings are tanking. The nation’s economy is in the worst shape it’s been in years. Maybe even headedtoward recession. Working families are worried. [Last week] the Bush administration proposed a growth package of as much as $150 billion, which insiders familiar with the details say may [...]
Today the Canadian Centre for Policy Alternatives released The Great CEO Pay Race, by Hugh Mackenzie. The study finds that Canada’s best paid 100 CEOs will have pocketed the national average wage of $38,998 by 10:33 am on January 2nd. The CEO report and an online tool to find out how quickly the top 100 [...]
AlterNet: Health & Wellness: The Key To Good Health That No One Is Talking About: Money
The public generally believes that poor lifestyle choices, faulty genes and infectious agents are the major factors that give rise to illness. Here’s the rest of the story. Research now tells us that lower socio-economic status may be more [...]
