What if the federal deficit doesn’t actually matter much? Modern Monetary Theory explained

https://youtu.be/P6wjaygkfNk If the US government can print new money to bailout corporations and banks and financial markets, why can't it do so for programs which help the average American instead? Stephanie Kelton’s new book, ‘The Deficit Myth,’ argues the path to shared prosperity and achieving progressive goals means no longer asking how we will pay … Continue reading What if the federal deficit doesn’t actually matter much? Modern Monetary Theory explained

How the Federal Reserve Literally Just Makes Money

by William Luther edited by O Society June 17, 2020 Federal Reserve vowed to provide up to US$2.3 trillion in lending to support households, employers, financial markets, and state and local governments struggling as a result of the coronavirus and corresponding stay-at-home orders. Let that number sink in: $2,300,000,000,000. I have a Ph.D. in economics, direct the Sound … Continue reading How the Federal Reserve Literally Just Makes Money

Mammon Worship is America’s Own Religion

On Eugene McCarraher’s “The Enchantments of Mammon: How Capitalism Became the Religion of Modernity,” a fascinating study of the ways in which economics, despite its purported scientific rationality, is really a perverse kind of religion. by Daniel Walden edited by O Society June 12, 2020 One of the few things socialists and capitalists largely agree on … Continue reading Mammon Worship is America’s Own Religion

Behind the Curtain: the Shallow Moves of the Deep State

by Edward Curtain  edited by O Society June 9, 2020 The people who own the United States and their allies around the world have a plan.  It is so simple that it is extremely devious.  Their plan has been in operation for many years.  It has most people bamboozled because it is Janus-faced by design, overt … Continue reading Behind the Curtain: the Shallow Moves of the Deep State

Americans Vote Emotionally Based on Their Own Identities, Not Logically Based On a Candidate’s Policies

by O Society June 02, 2020 Bernie Sanders’ Policies are Mainstream, Normal, and Popular No Matter How Often He’s Called a “Socialist” If Sanders' policies are popular in America, why does he lose (twice if we count both 2016 & 2020)? Here are Sanders' official policy positions: Bernie Sanders On the Issues which can be … Continue reading Americans Vote Emotionally Based on Their Own Identities, Not Logically Based On a Candidate’s Policies

Cornel West: Neo-Fascist Gangster Trump and Neoliberal Democrat Fraud Expose America as a Failed Social Experiment

https://youtu.be/90G_QdxqqJs https://twitter.com/meaganmday/status/1266549289494274049 Cornel West: "And now our culture so market-driven, everybody for sale, everything for sale, you can't deliver the kind of really real nourishment for soul, for meaning, for purpose. So when you get this perfect storm of all these multiple failures at these different levels of the American empire, and Martin King already … Continue reading Cornel West: Neo-Fascist Gangster Trump and Neoliberal Democrat Fraud Expose America as a Failed Social Experiment

After the Viral Economy

https://www.instagram.com/p/B_2o3A5JJ3O/ by Jean Baudrillard edited by O Society May 28, 2020 In 1988, Jean Baudrillard announced “the triumph of a viral econo­my.” Already, he saw the manic circulation of financial assets, information, and—indeed—viruses, both biological and technological, would define the new era. If everything must circulate freely, he observed, “well, so then must germs, viruses, drugs, capital, … Continue reading After the Viral Economy

The False Dichotomy

by Nathan Robinson edited by O Society May 22, 2020 He unemployment numbers are horrifying. The worst since the great depression. Tens of millions of people out of work. 9 million have lost their health insurance. It’s bad out there. The positive spin is much of this unemployment should be temporary, lasting only as long as … Continue reading The False Dichotomy

How Democrats Sold Their Populist Soul

In the 1970s, a new wave of post-Watergate liberals stopped fighting monopoly power. The result is an increasingly dangerous political system. by Matt Stoller edited by O Society May 14, 2020 It was January 1975, and the Watergate Babies arrived in Washington looking for blood. The Watergate Babies —as the recently elected Democratic congressmen were known— … Continue reading How Democrats Sold Their Populist Soul

It’s time to reject the gods of commerce: America is a society of people, not an “economy”

America is about people, not profit margins. It must be, if our nation is to redeem itself in this crisis by David Masciotra edited by O Society May 13, 2020 The "economy" does not exist. Human beings exist. The economy is a social construct. What nearly everyone understands - except the same old politicians and economists … Continue reading It’s time to reject the gods of commerce: America is a society of people, not an “economy”