Category: economics

November 5, 2008

Most Corporations Pay No Income Taxes

Time for a little fundraiser! Original story here . Now that a ‘socialist’ will be running the White House in January, the US could recoup some of the windfall profits that companies like Exxon-Mobil and Wal-Mart have been making off the backs of our hard work and put it into paying off some debts (for starters) and creating a stable middle class. Imagine that.  Do […]

November 4, 2008

Free markets fail

Duncan Cameron of rabble.ca discusses in this article how the free market has, and continues to, fail us. I copied the following: … price setting is not politically neutral after all. The market does not abolish power relationships: it facilitates the accumulation of market power in fewer and fewer corporate hands. The accumulation of economic power leads straight to the concentration of political power and […]

October 31, 2008

Paulson’s Swindle Revealed

From The Nation, we get this article . By now, some (maybe most) of you are saying, ‘yeah Bill.  We get it.  We’re getting ripped off and this is Georgie’s last stab at the world for making fun of him all these years.  We’re in the middle of the heist of the century.’ At least, I hope you are. Because once you do, then hopefully […]