Bailing Out the Rich

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Connexions Library

The Age of Finance Capital -- and the Irrelevance of Mainstream Economics
Hossein-Zadeh, Ismail
Article
2015
Despite the fact that the manufacturers of ideas have elevated economics to the (contradictory) levels of both a science and a religion, a market theodicy, mainstream economics does not explain much w...
Auditing the Greek Debt: Unity of Place, Time, and Action
Toussaint, Eric
Article
2015
The recent debt currently being claimed presents features that make it irregular, illegitimate, illegal, unsustainable, and even odious. Allegedly Greek debts that were accumulated before 2010 were al...
Bailing Out Banks, Smashing Unions: Against The Current vol. 138
Feeley, Dianne
Article
2009
When General Motors and Chrysler received pre-Christmas bridge loans of $17.4 billion, President Bush specified that the unionized work force had to become “competitive” with non-unionized workers in ...
The Biggest Heist in Human History
Whitney, Mike
Article
2016
The only way stimulus can work is if its put where it’s needed. And we can now say with 100 percent certainty, that the Fed’s stimulus wasn’t put where it was needed which is why it hasn’t worked.
Connexions Library: Economy, Poverty, Work Focus
Website
Selected articles, books, websites and other resources on the economy and economics.
The Crisis Beneath the Bailout: Against The Current vol. 137
Rasmus, Jack
Article
2008
In early September, 2008 the Department of Labor reported that the U.S. economy in August had lost another 84,000 jobs. This was followed on October 2 with an announcement that officially recorded Sep...
Energy: The Fleecing of California: Against The Current vol. 91
Sheppard, Barry
Article
2001
The root of the electrical power “crisis” in California lies in the 1996 deregulation of the industry by the state government, approved unanimously by both Democrats and Republicans in the state legis...
Europe's New Road to Serfdom: Trichet Threatens Greece with Iron Heel
Hudson, Michael
Article
2011
The conditios for Greece's new loan package is that Greece must initiate a class war by raising its taxes, lowering its social spending – and even private-sector pensions – and sell off public land, t...
The Foreclosure-to-Rental Screwjob: Bernanke's Double-Whammy
Whitney, Mike
Article
2011
The US government is preparing to bail out the banks once again.
Greek Debt and the New Financial Imperialism
Rasmus, Jack
Article
2016
Describes how the Greek goverment is forced to extract income and wealth from its workers and small businesses resulting in a new form of financial imperialism that smaller states and economies, plann...
"Just Say No!" to the Robin Hood-in-Reverse Bailout: And What to Do Instead
Gibbs, Jeff
Article
2008
The reverse Robin Hood deal to bail out the rich cannot be allowed to stand. It's time to take to the streets.
Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy
Hudson, Michael
Book
2015
In Killing the Host, economist Michael Hudson exposes how finance, insurance, and real estate (the FIRE sector) have seized control of the global economy at the expense of industrial capitalism and go...
A Marxist History of the World part 105: The 2008 Crash: from bubble to black hole
Faulkner, Neil
Article
2012
The financial crisis represents the end of an era in which greed and casino-madness had been given free rein by market deregulation and rising debt.
A Marxist History of the World part 106: The Second Great Depression
Faulkner, Neil
Article
2012
Four years after the beginning of the crisis, the neoliberal elite is trapped by the contradictions of the system on which its wealth depends.
Other Voices: The Connexions Newsletter - October 2, 2014: Climate Change
Diemer, Ulli (editor); Khan, Tahmid (production)
Serial Publication (Periodical)
2014
This issue of Other Voices looks at why so many people deny or ignore the very real and very near threat of climate change. We also look into the ways on how NGOs tame and undermine grassroots movemen...
Other Voices: The Connexions Newsletter - July 3, 2015: Greece and thd debt crisis
Diemer, Ulli (editor); Rickwood, Darien Yawching (production)
Serial Publication (Periodical)
2015
Our spotlight this issue is on the debt crisis facing Greece. To understand the crisis, one has to look beyond the mainstream media to alternative sources of information. We've done that, with article...
Other Voices: The Connexions Newsletter - April 1, 2017: April 1 issue
Diemer, Ulli (ed.)
Serial Publication (Periodical)
2017
Other Voices always strives to present you with alternative views on important topics. This issue offers some really alternative perspectives and even some "alternative facts." As always, read critica...
Saving the Whale, Again: The catastrophic incompetence of Citigroup
Cockburn, Andrew
Article
2015
Cockburn discusses the financial recklessness of Citigroup bank and the repercussions.
Wall Street and the Greek Financial Crisis
Hudson, Michael; Black, Bill
Article
2015
Michael Hudson and Bill Black zero in on some of the key elements of the crisis. They point out that it is not really 'Greece', let alone the Greek people, who have contracted this debt and who have b...
We can't go on like this
Halimi, Serge
Article
2013
The legitimacy of capitalism as a way of organising society has been undermined; its promises of prosperity, social mobility and democracy have lost credibility. But there has been no radical change. ...
A World at Financial War: Will Greece Let EU Central Bankers Destroy Democracy?
Hudson, Michael
Article
2011
The crisis for Greece – as for Iceland, Ireland and debt-plagued economies capped by the United States – is occurring as bank lobbyists demand that “taxpayers” pay for the bailouts of bad speculations...
A Year of Banking Bailout: Against The Current vol. 145
Prins, Nomi
Article
2010
Welcome to what to what I call the Second Great Bank Depression. Why that name? Because this period of economic chaos, loss, and global financial destruction was manufactured by the men who shaped the...

Sources Library

Banks got $114B from governments during recession
CBC News
2012
Canada's biggest banks accepted tens of billions in government funds during the recession, according to a report released today by the Canadian Centre for Policy Alternatives.