Secrecy is at the heart of capitalism
Dark money, shell corporations, 501(c)(4) funding (U.S. nonprofit groups that don’t have to disclose donors), Super PAC money, and many more terms describe the tsunami […]
Politics
The Need for Class Warfare
The media, including here at Substack, has been filled with bleatings about the Democratic Party’s whipping at the hands of Trump and his billionaires. There […]
Polycrisis
Today, I came across this article on Medium: The Rich Are Hoarding Wealth—Because They Know What’s Coming by Angus Peterson. I have regularly referred to […]
What is financialization and why does it matter? – part 1
Financialization is one of the most important drivers of changes in the last 50 years in American capitalism, and consequently in our society. As noted […]
What to do about the past 50 years of American life – policy suggestions
A reader of my recent post, “Bernie Sanders got much right about our current situation….” commented: “Thank you Mark for validating what we know to […]
Bernie Sanders got much right about our current situation….
Bernie Sanders, Senator from VT, sent out an email yesterday. The subject line contained one word, “Oligarchy”. So, I read it. There is much truth […]
Billionaires literally buying up Washington DC
Now that the billionaire class has installed their President and seized many posts in the Trump cabal, they are fighting over a limited supply of […]
Economists Are in the Wilderness. Can They Find a Way Back to Influence? – from the NYTimes
Ben Casselman wrote this piece in the 1.10.2025 NYTimes: “Economists Are in the Wilderness. Can They Find a Way Back to Influence?” The article cites […]
“Incoming!” – Trump’s appointments and billionaire claque
The 12.26.2024 issue of The London Review of Books includes Eliot Weinberger’s stunning piece on the Trump presidency, “Incoming!“. It begins: “They came from Florida, […]
Not a right – left problem; a top – down problem. The class war is long over.
In the wake of Trump’s victory over Harris there has been much hand-wringing over how to explain the obvious trend among Americans to favor Republicans. […]