Chris Hedges: Papering Over the Rot
The staggering concentration of wealth at the top has deformed our governing institutions — new window dressing will not end oligarchy.
The staggering concentration of wealth at the top has deformed our governing institutions — new window dressing will not end oligarchy.
Historic protests are taking place across Latin America as people take to the streets to voice their displeasure at the IMF, government corruption, and the spread of fascism.
With attention fixed on this week’s events in Bolivia, you would be excused for not realizing that much of the rest of the region has for weeks also been ablaze in the flames of protest. In Costa Rica, the neoliberal coalition government of Carlos
Alan MacLeod is Senior Staff Writer for MintPress News. After completing his PhD in 2017 he published two books: Bad News From Venezuela: Twenty Years of Fake News and Misreporting and Propaganda in the Information Age: Still Manufacturing Consent, as well as a number of academic articles. He has also contributed to FAIR.org, The Guardian, Salon, The Grayzone, Jacobin Magazine, and Common Dreams.
America’s rich are getting even richer and the poor even poorer, with millionaires and billionaires now holding an unprecedented 79% of all household wealth.
Millionaires and billionaires hold a remarkable 79.2 percent of the United States’ household wealth. That is according to a newly released triennial study into consumer and household finances from the Federal Reserve. The report
Alan MacLeod is Senior Staff Writer for MintPress News. After completing his PhD in 2017 he published two books: Bad News From Venezuela: Twenty Years of Fake News and Misreporting and Propaganda in the Information Age: Still Manufacturing Consent, as well as a number of academic articles. He has also contributed to FAIR.org, The Guardian, Salon, The Grayzone, Jacobin Magazine, and Common Dreams.
If the wealthiest ten percent of society continue to live as they do, the world’s entire carbon budget will be blown by 2033, even if all other emissions drop to zero.
A new report published today by international charity Oxfam lays bare the massive disparities in carbon dioxide emissions between the world’s wealthy elite and the rest of society. Titled “Confronting Carbon Inequality,” the study
Alan MacLeod is Senior Staff Writer for MintPress News. After completing his PhD in 2017 he published two books: Bad News From Venezuela: Twenty Years of Fake News and Misreporting and Propaganda in the Information Age: Still Manufacturing Consent, as well as a number of academic articles. He has also contributed to FAIR.org, The Guardian, Salon, The Grayzone, Jacobin Magazine, and Common Dreams.
New figures from the Institute for Policy Studies show that, despite a pandemic that has stunted the economy for months, America’s billionaire class is becoming richer than ever, adding nearly $700 billion to their fortune since the nationwide lockdown in March.
For the first time in history, the 12 richest individuals in the United States collectively hold over $1 trillion in wealth. New figures from the Program on Inequality and the Common Good at the Institute for
Alan MacLeod is Senior Staff Writer for MintPress News. After completing his PhD in 2017 he published two books: Bad News From Venezuela: Twenty Years of Fake News and Misreporting and Propaganda in the Information Age: Still Manufacturing Consent, as well as a number of academic articles. He has also contributed to FAIR.org, The Guardian, Salon, The Grayzone, Jacobin Magazine, and Common Dreams.
The irony of wealthy Silicon Valley employees trying to block a local homeless shelter, as CBS notes, is that homelessness is on the rise in the Bay Area in no small part owing to Silicon Valley itself.
SAN FRANCISCO -- Residents of San Francisco’s South Beach are organizing to stop a homeless shelter in their affluent neighborhood, having crowdfunded tens of thousands of dollars in a matter of days to fight
Alan MacLeod is Senior Staff Writer for MintPress News. After completing his PhD in 2017 he published two books: Bad News From Venezuela: Twenty Years of Fake News and Misreporting and Propaganda in the Information Age: Still Manufacturing Consent, as well as a number of academic articles. He has also contributed to FAIR.org, The Guardian, Salon, The Grayzone, Jacobin Magazine, and Common Dreams.
The neoliberal approach to handling a dire economic downturn may soon produce a political crisis, reminiscent of the debt crisis that led to Hitler’s rise 80 years ago. The political class seems to be taking note: the stark inequality reflected in the soaring stock market and shrinking paychecks is unsustainable.
By Jon Jeter
NEW YORK -- The revelation that the Dow Jones industrial average and the Standard and Poor's stock index closed at historic highs this past Thursday afternoon reminded me of an early autumn afternoon a dozen years ago in a glorious San Francisco apartment high in the
Jon Jeter is a published book author and two-time Pulitzer Prize finalist with more than 20 years of journalistic experience. He is a former Washington Post bureau chief and award-winning foreign correspondent on two continents, as well as a former radio and television producer for Chicago Public Media’s “This American Life.”