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Showing posts with label greed. Show all posts
Showing posts with label greed. Show all posts

The Disgusting Super-Rich: Motivated by Selfishness and Greed with Minimal Feelings of compassion or Patriotism

Photo by Tristan Schmurr.
Photo by Tristan Schmurr.
By Sam Amer
When I come in contact with the one-percenters, I don't feel envy; I feel disgust. Dealing with them is like dealing with thieves and burglars. The difference is that the one-percenters usually dress in nice clothes, drive expensive cars, and frequent expensive restaurants. To me, they are still thieves and burglars. They are the ones who stole and are still stealing my money - and yours.

The rich, and particularly the super-rich, are robbing us blind mostly by using legal means. They have managed to control our system of government through buying our Congress. They mold our public opinion by owning the airwaves. Similarly, they decide what we see on television or watch at the movies. They determine what medical systems we have and what wars we get into. They have manipulated our entire system to work exclusively for them. The problem is that they are motivated, almost entirely, by selfishness and greed, with minimal feelings of compassion or patriotism. They don't really care about America, or feel for the poor. They care only for themselves. To me, they are the scum of the earth.

Through their actions, the rich and super-rich are destroying our democracy as well. They are making a mockery of our country, which now preaches to the rest of the world about democracy and citizen representation while having almost none of it. Our Congress does not reflect our views or values; it only reflects the views and values of the moneyed interests. As our country gets richer as measured by GDP or stock-market figures, life is getting harder for the majority of us and poverty is spreading. The rich are getting richer and the poor are getting poorer. If the total income of the United States is distributed equally among all the citizens, each American would make over $64,000.00 a year and a family of four would live on over $250,000.00 annual income. This contrasts severely with the reality of today, in which the median income of the average full-time American male worker is lower than it was 40 years ago. The rich and super-rich have it all; they leave only the crumbs for the rest of us.

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The Catholic Church Cries Poverty As It Closes Schools Across America: Meanwhile An Atlanta Archbishop Builds Himself A $2.2Million Dollar Mansion

America now has its own "Bishop of Bling."
America now has its own "Bishop of Bling."
(Screen capture from YouTube video)



By Ray Henry
Archbishop Wilton Gregory recently moved into a nearly 6,400-square-foot (595-square-meter) residence. Its construction was made possible by a large donation from the estate of Joseph Mitchell, nephew of Margaret Mitchell, author of "Gone With The Wind," the Civil War epic that made his family wealthy. When Mitchell died in 2011, he left an estate worth more than $15 million to the archdiocese on the condition it be used for "general religious and charitable purposes."


Gregory said that he has received criticism over the spending in letters, emails and telephone messages.

"I am disappointed that, while my advisors (sic) and I were able to justify this project fiscally, logistically and practically, I personally failed to project the cost in terms of my own integrity and pastoral credibility with the people of God of north and central Georgia," Gregory said in a column posted on the website of the archdiocesan newspaper, The Georgia Bulletin.

"I failed to consider the impact on the families throughout the Archdiocese who, though struggling to pay their mortgages, utilities, tuition and other bills, faithfully respond year after year to my pleas to assist with funding our ministries and services," he added.

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Greece is the future of Europe: Austerity and Neo-colonialism in Southern Europe

Costas Douzinas speaks at Occupy London. Demotix/Haydn Wheeler. Some rights
reserved.
Austerity and popular resistance are essential to a political diagnosis for contemporary Europe. Political developments in Greece will show whether the future of Europe is one of neoliberal restructuring or one of a democratic socialist alternative. An interview with Costas Douzinas. 


By Costas Douzinas and Bjarke Skærlund Risager
“After the collapse of the Berlin Wall, George Bush remarked that we had now entered a new world order. If so, it was the shortest order in history,” says Costas Douzinas, extending his ironic commentary to include Francis Fukuyama’s thesis on ’the end of history’. The economic crisis has necessitated the development of a new type of diagnosis of our times, he argues. Costas Douzinas offers a two-pronged approach to such a diagnosis, writing in his latest book, Philosophy and Resistance in the Crisis – Greece and the Future of Europe, that we are currently living in an age of austerity as well as an age of resistance.

Neo-colonialism in southern Europe

Most European countries have austerity measures at the top of their political agendas. As we all know, this is particularly harsh in southern Europe, with Greece as the most extreme case.

With its bailout plans initially generating sky-high interest rates and demands for sharp cuts on public spending, the Troika has placed Greece in an economic straightjacket. To Costas Douzinas, these measures are reminiscent of how the west restructured the economies of the developing countries very much to its own advantage.

”With the reforms of the ’Washington Consensus' or 'structural adjustment', we saw radical policies of privatisation and the like, by which the developed capitalist countries wanted to open up the economies of the developing countries to foreign investment”, he says.

”Now, we see the same measures being applied in Europe - in Greece, Portugal, Cyprus and other countries in the periphery. With a touch of hyperbole, one could claim that southern Europe is now for the first time in its history facing neo-colonialism, which is a total contrast to the social contract of post-war Europe, indeed of the EU itself.”

Resistance in the squares

Over the last couple of years, austerity has been a catalyst for a number of popular uprisings.

In Syntagma Square in Athens, Taksim Square in Istanbul, in Sarajevo, and in many other places, people, predominantly young people, took to the public spaces. They established encampments which served as a form of resistance to the way that each of their societies is organised. Costas Douzinas calls this form of resistance, ‘democratic occupation’.

“In democratic occupations, the idea of publicity takes on its physical meaning again, as we know it from the Greek agora and the Roman forum. With direct, participatory democracy and horizontal organization, the people in these squares created a new understanding of politics, in which people participated actively, rather than just mandating representatives. People learned to speak in public, to decide together and to act together,” he says.

“In the squares, new ideas about the provision of services were developed, whether this was media, legal, health services or whatever. People offered their skills and expertise, not in a hierarchical structure, but as a part of what it means to come and be together.”

For Costas Douzinas this involved the politicizing of a number of skills we all make use of in our every day lives but which have nonetheless been depoliticized: “The democratic occupations politicised networking skills, cooperation through social media, being part of a productive collective mind, and so on. These skills are central to the way late capitalism works: but they are not used to transform our existence. This was exactly what the squares did.”

Austerity is a catalyst for resistance

While the popular uprisings in the squares have the same form, there are differences between each of them, Douzinas explains.

Austerity is not the only cause of resistance. This becomes obvious when we see uprisings in countries that haven’t experienced the same economic sanctions as, for example, Greece but on the contrary have performed well economically.

“Countries like Turkey and Brazil were, until a few years ago, the poster boys of the success of neoliberalism. They had respectable growth rates and relatively low unemployment. However, we have in these countries seen insurrections that in their form were similar to the ones in southern Europe and in the Occupy Movement.”

Even though the cause and context of resistance varies, Douzinas points at a common aspect in the many people taking to the streets all over the world: they all attack the same two targets.

“Firstly, they attack neoliberal capitalism, which is based on the idea that we should transform our body and spirit into a little business and make our very existence an entrepreneurial opportunity. Secondly, they attack what philosophers have called a post-democratic condition, that is a political situation in which people have opted out of conventional political participation because they don’t feel that it makes any difference.”

Greece as a neoliberal laboratory

Costas Douzinas’ diagnosis of our present age seems perhaps more pertinent for a country like Greece than for the countries of northern Europe, affected by the crisis to a lesser extent. His central thesis, however, is that the case of Greece shows us two possible directions for the future of Europe.

The first direction is characterised by austerity, privatisations, and other measures on the neoliberal agenda. Douzinas considers that the primary purpose of Greece’s economic straightjacket is not, in fact, to get the country out of the economic predicament its political and economic elite have placed it in, or to secure a decent life for the average Greek:

“Rather, Greece was chosen by the neoliberal gurus of the EU and IMF as a social laboratory for a new model of organisation for Europe. In this laboratory they want to create a person who, under extreme austerity, poverty and social disintegration is totally disciplined and accepts that she has to be a business manager of her own self: if she fails, or if she can’t find sufficient means to finance her education, her healthcare, her old age (if she has a job, that is) she will have to go to the wall, like every other small business.”

“To the extent that the dominant political and economic elite in Greece see these austerity measures as successful, it will facilitate an export of these measures to other European countries,” Costas Douzinas predicts.

“A number of the same methods have already been used in countries that are doing substantially better than Greece. In the UK, for example, we have seen a large increase in tuition fees for public universities, which amounts to a privatisation of the universities. Likewise, the National Health Service is gradually being privatised, and we are being told by our GPs to buy private healthcare to be able to face any serious health problems. Perhaps we are just in the early stages of this development.”

Yet, for now, whether the welfare state is to be dismantled and our lives are to be lived like businesses is to some extent our own decision. Greece is indeed also an example of the fact that resistance matters and that an alternative future is possible.

The left alternative in Greece

“The other possible future for Europe is a future where we can begin to imagine and apply a democratic socialist ideal,” suggests Costas Douzinas.

He believes that we have already seen the beginning of this in Greece. Contrary to other places, the resistance of Syntagma Square has been transferred to the polling stations and converted into parliamentary influence. At the 2012 elections, the Coalition of the Radical Left, SYRIZA, went from having five to 27 per cent of the votes and thereby became the second-biggest party in Greece.

According to Douzinas, this is a symptom of a widespread distrust in the old regime.

“Many Greeks realised that the old political system that had brought the country to its knees over a period of 40 years had to go. The people who were responsible for the corruption, the inefficiency and clientelism of the public sector and for the huge tax evasion in the private sector - these people who had turned politics into a dynastic alternation between the two great families, the Papandreou and the Karamanlis - had to go,” says Douzinas of the two families who, since the fall of the military junta in 1974, have largely shared the Greek premiership.

Yet, the headway for SYRIZA in the 2012 elections wasn’t big enough to give the party the premiership. SYRIZA is well ahead in opinion polls, however. If there were elections tomorrow, it would be the largest party in Greece.

The next national election are planned for 2016 at the latest. But Costas Douzinas reckons that the Greek people are very likely to go to the ballot box in the next twleve months. The reason is the approaching elections to the European Parliament in May where polls predict that SYRIZA will gain the greatest share of the vote: “The government parties, New Democracy and PASOK, will most likely be defeated so badly in the European elections that it will be impossible for them, politically and socially, to continue in government,” he says.

Thus, Greece may be facing the first radical left government in Europe ever.

A change of regime, not government

“The SYRIZA leader Alexis Tsipras keeps saying that if the party wins the national elections it wouldn’t be a change of government but a regime change. Of course, this is an exaggeration but there is a certain truth to it: a victory to SYRIZA would mean another way to organise the state and politics than the way it is understood in parliamentary democracy as we know it,” says Costas Douzinas.

The reason for such a ’regime change’ is rooted in the connection between parliamentary politics and popular resistance and mobilisation:

“Politics wouldn’t be business as usual if SYRIZA were to win the elections. This is because of the economic difficulties in Greece but also because of the possible support by the people. The Greek people will be on the streets in order to pressure the government to stick to its programme but also in order to defend the government and show European public opinion that this is the change the Greek people want.”

“At the same time, a regime change will depend on developing a novel institutional imagination. They will have to make use of the experience from the democratic occupations of Syntagma Square with its direct participatory democracy and alternative ways of organising public services. The energy, dynamics and resistance practices of the square must be institutionalised and expanded to the state, the social economy, cooperatives, workers’ council, and so on,” says Costas Douzinas and he underlines that it is no easy task that lies ahead of SYRIZA if the party wins.

A new beginning for Europe

Were SYRIZA to succeed, he is nevertheless convinced that the Greek alternative could mean the beginning of a new age for Europe.

In February 2014, Alexis Tsipras declared that Greece, with him in the lead, will work for a partial default on the debts of Greece and of the other economically trapped periphery countries of Europe. Tsipras has been adopted as the candidate for President of the European Commission by the European Left party. A more interesting development is the creation in Italy of an election coalition under the title, 'New Europe with Tsipras'. It brings together independent intellectuals and trade unionists as well as the Rifondazione and Left Ecology Freedom parties. The Greek model has started working in Europe:

“If a small country like Greece is seen to stand up to the great powers of financial capitalism and neoliberal orthodoxy and is able to sustain an alternative programme, it will be a huge encouragement, a huge dose of hope and optimism, to the people of Europe, indeed the world. It will show that resistance matters and that the only battle that you cannot win is a battle you never joined. It will mean a new beginning for Europe,” says Costas Douzinas.


_____________
Bjarke Skærlund Risager is a PhD Fellow at the Department of Culture and Society, Aarhus University. He works on a project on social movements, geography and property. He tweets @bjarkerisager.
Costas Douzinas is Professor of Law and Director of the Birkbeck Institute for the Humanities at Birkbeck, University of London. He is a regular contributor for the Guardian and his latest book Philosophy and Resistance in the Crisis (Polity) was released in 2013.

The original article was published in Danish on Modkraft.dk. Thanks go to Bjarke Skærlund Risager for the translation.



Reprinted with permission from openDemocracy.

Rising Inequality: Recovery Driven Almost Entirely by the Rich


Union Membership and Inequality: Workers suckered by propaganda to be anti-union.
As a result, corporations are running over them. (Chart from CTU Economic Bulletin)

By Gaius Publius, Professional Writer and Contributing Editor at AMERICAblog.com
America's income inequality has grown so wide that the current "recovery" is driven primarily by the upper fifth of income earners, as revealed by the latest consumer spending data. Right now, more than 60% of all consumer spending is done by just the top 20% of income earners. And retailers are noticing.

This is the America that's in recovery. Who is part of that 20% with most of the spending money? First, obviously, are the bigs (the Kochs, the Edelsteins, the Rubins and Dimons, the hedge fund kings and queens). The next level down includes their top retainers (those who are paid — or campaign-financed — to serve their financial interests ... people like, well ...). And finally, there's the broad class of well-paid and needed professionals, those who get the real trickle-down, who earn real money when the economy is good. Doctors, lawyers, high-tech pros, engineers, sales types, the people at the airport on a weekday. Everyone with a needed skill who keeps the machine running and whose job can't be outsourced.

Inflation-adjusted incomes below that point have collapsed, or gone flat with barely a hint of recovery. We'll show this data in two ways below. Read on.

Consumer Spending Data Shows Where the Money Is

Much of this is revealed in a study of consumer spending as described in a recent New York Times article. First, the money quote, then more from the article. The quote:
[T]he current recovery has been driven almost entirely by the upper crust [the top 5% of earners], according to [the study's authors] Mr. Fazzari and Mr. Cynamon. Since 2009, the year the recession ended, inflation-adjusted spending by this top echelon has risen 17 percent, compared with just 1 percent among the bottom 95 percent.
More broadly, about 90 percent of the overall increase in inflation-adjusted consumption between 2009 and 2012 was generated by the top 20 percent of households in terms of income, according to the study, which was sponsored by the Institute for New Economic Thinking, a research group in New York.
The study mentioned above is fascinating but technical. Reading the write-up in the Times will get you well started. It puts numbers to an otherwise amorphous entity, "rising income inequality."

Most Consumption Occurs At the Top

The section just quoted covered change in consumption. There's also information about the amount of consumption itself, divided among the various moneyed and un-moneyed classes. Take a look at this chart, especially the three 2012 bottom lines:

From the top part of the graph, we find that the top 5% of income accounts for almost 40% of consumption. That's stunning in itself. From the middle part, we see the top 20% of income now accounts for more than 60% of consumption. And from the bottom, the other 80% of the nation by income — all of the rest of us — account for less than 40% of consumption. And again, as the graphs show, the trend is widening.

The Vast "Shrinking Middle"

All of this means that the buying power of our vast middle class is shrinking, and with it the wealth of the companies that depend on it. The article is filled with examples of higher-end products and retailers doing well, just like the very low end (like Dollar Tree) which serves the near-destitute. Meanwhile retailers in the middle are seeing a ton of trouble — dwindling sales, store closings and plummeting stock prices. A taste from the article:
Investors have taken notice of the shrinking middle. Shares of Sears and J. C. Penney have fallen more than 50 percent since the end of 2009, even as upper-end stores like Nordstrom and bargain-basement chains like Dollar Tree and Family Dollar Stores have more than doubled in value over the same period.
The same trend is true for restaurants, where middle class brands — think Olive Garden and the like — are hurting. At Olive Garden (average bill of about $16 per diner), revenue is falling. At Capital Grille (average bill of about $70 per diner), revenue is up.

The Koch Brothers-Keystone XL Filthy Oil Connection: Tyrants Behind The Crippling of American Democracy Own Have of Keystone's Wretched Tar Oil

Keystone XL Pipeline Protest at White House, Nov. 6, 2011
Not satisfied with just crippling America's democracy, the greedy Koch brothers want to destroy
America's environment as well. (Keystone XL Pipeline Protest at White House, Nov. 6, 2011 - Photo
by tarsandsaction)

By
Keystone XL Pipeline wouldn't contribute to U.S. energy-production, but instead to exports of the global-warming-dirtiest oil, from Canada, to Europe and South America. It would transport Alberta Canada's tar-sands oil -- half of which is owned by the Kochs  -- south to two Koch-owned refineries near the Texas Gulf Coast for transshipment mainly to Europe. President Obama is thus trying to get Europe to relax its anti-global-warming standards to permit their importation of this oil, which is the world's absolute worst oil from the global-warming standpoint.

Furthermore, "Currently, most Canadian tar sands exports are mainly limited to the U.S. Midwest market by a lack of transportation infrastructure." This fact (the lack of "infrastructure" or transportation facilities to move the oil to the international market) keeps down not only the price the Kochs can get for their oil (since it can't currently be sold on the international market); it also greatly lowers the sheer volume of it that they can sell (at any price), because the local Midwest oil market is small. Keystone XL would thus also enormously increase the annual sales-volume of this currently deeply landlocked oil.

The 'American Prosperity' Myth: America's Middle Class Almost LAST Among Developed Nations - Further From the Top Than Most Others


"Middle Class RIP" (Illustration by DonkeyHotey)
"The Bottom Half of America Owns a Smaller Percentage of National Wealth than Almost All Other Countries and Continents."

By Paul Buchheit
Inequality is a cancer on society, here in the U.S. and across the globe. It keeps growing. But humanity seems helpless against it, as if it's an alien force that no one understands, even as the life is being gradually drained from its victims.

The recent  Oxfam report on global wealth inequality reveals some of the ugly extremes that have divided our world. It also directs our attention to the  Global Wealth Report compiled by Credit Suisse, and the companion Databook, which offer a shocking testament to the severity of U.S. and global inequality.

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Hollywood's Right-Wing Propaganda: Folks Who Smashed Economy Glorified in Film 'Wolf of Wall Street' - Conman's Victimized Daughter Explodes

Poster - Wolf of Wall Street
Glorifying Scumbags?:
Smells like 'white male privilege' to me.
An Open Letter to the Makers of The Wolf of Wall Street, and the Wolf Himself

By Christina McDowell
I hate to be the bearer of bad news, dear Kings of Hollywood, but you have been conned.

Let me introduce myself. My name is Christina McDowell, formerly Christina Prousalis. I am the daughter of Tom Prousalis, a man the Washington Post described as "just some guy on trial for penny-stock fraud." (I had to change my name after my father stole my identity and then threatened to steal it again, but I'll get to that part later.) I was 18 and a freshman in college when my father and his attorneys forced me to attend his trial at New York City's federal courthouse so that he "looked good" for the jury -- the consummate family man.

And you, Jordan Belfort, Wall Street's self-described Wolf: You remember my father, right? You were chosen to be the government's star witness in testifying against him. You had pleaded guilty to money laundering and securities fraud (it was the least you could do) and become a government witness in two dozen cases involving your former business associate, but my father's attorneys blocked your testimony because had you testified it would have revealed more than a half-dozen other corrupt stock offerings too. And, well, that would have been a disaster. It would have just been too many liars, and too many schemes for the jurors, attorneys or the judge to follow.

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1% Must Pay 75%: Top French Court Backs President Francois Hollande's Drive to Limit Executive Pay

Occupy Wall Street Demonstration, Zuccotti Park, Oct 2011: Photo by Ronald David Jackson)
Occupy Wall Street Demonstration, Zuccotti Park, Oct 2011.
(Photo by Ronald David Jackson)
France's top court Sunday approved a proposal for companies to pay 75 percent tax on annual salaries exceeding $1.4 Million (US) in line with President Francois Hollande's drive to limit executive pay at a time of economic hardship.

According to the French government, this tax will affect some 470 companies and about 1,000 people.

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Top French Court Approves 75% Company Tax on High Salaries

Top French court approves 75% company tax on high salaries (via AFP)
France's top court Sunday approved a proposal for companies to pay 75 percent tax on annual salaries exceeding one million euros in line with President Francois Hollande's drive to limit executive pay at a time of economic hardship. The Constitutional…

The 16,000 Dow: Recovery or Transfer of Wealth from the Majority of the Population to the Super-Rich?

Side by side with the sweeping growth in social misery and destitution has been the vast expansion in wealth of the super-rich. The world’s billionaires have had their combined net worth double since 2009, according to a report published earlier this month by UBS and Wealth-X. Even though the United States has only 4.4 percent of the world’s population, it has a third of the world’s billionaires, according to Forbes.

The Dow Jones Industrial Average closed above 16,000 for the first time ever Thursday, in the seventh consecutive week of gains. This feat was immediately followed by another milestone: the S&P 500 index closed at 1,804, the first time the index has closed above 1,800 in history.

The Dow is up by 24 percent over the past year, having doubled since 2009. The S&P 500 is likewise up by 28 percent.

Far from expressing a genuine and healthy economic recovery, however, the rise in the stock market has paralleled a vast expansion of social misery and an unprecedented expansion of social inequality.


Occupy Wall Street: Wall St under "Lockdown" - Near Zuccotti Park,
Occupy Wall Street: Wall St under "Lockdown" - Near Zuccotti Park,
Oct 2011. (Photo: Ronald Jackson)
The number of people receiving assistance under the Supplemental Nutrition Assistance Program (SNAP) has climbed from 28.2 million in 2008 to 47.7 million in April 2013, an increase of seventy percent. Far from decreasing, this number continues to swell, with over 1 million new food stamp recipients added between 2012 and 2013.

The reason for this vast increase in destitution is not hard to find: between 2007 and 2012, the median household income in the United States had plummeted by 8.3 percent. The precipitous fall was due to a combination of a sharp fall in the percentage of the population that is employed, and a fall in wages. The percentage of the US working-age population that has a job has fallen by 4.6 percent since 2008, while manufacturing wages have fallen three percent since May 2009.

A report in October by the National Center for Homeless Education, based on figures provided by the US Department of Education, found that over 1.1 million children enrolled in public schools were homeless at some point in 2011-2012, 72 percent higher than before the onset of the economic crisis.

Side by side with the sweeping growth in social misery and destitution has been the vast expansion in wealth of the super-rich. The world’s billionaires have had their combined net worth double since 2009, according to a report published earlier this month by UBS and Wealth-X. Even though the United States has only 4.4 percent of the world’s population, it has a third of the world’s billionaires, according to Forbes.

Occupy Wall Street: Zuccotti Park, Oct 2011.
Occupy Wall Street: Zuccotti Park, Oct 2011.
(Photo: Ronald Jackson)
Since 2009, the richest one percent has captured a staggering 95 percent of all income gains, while the bottom 95 percent have seen their incomes stagnate, According to a report issued by University of California Berkeley Professor Emmanuel Saez earlier this year.

US income inequality grew four times faster in the first three years of the Obama administration than under Bush, according to figures published Saturday in the New York Times. As the newspaper reports, “From 2001 through 2008, during the George W. Bush administration,” the ratio of mean (average) to median income “grew at 0.28 percentage points per year. From 2009 through 2011, the latest year for which the data is available, the ratio increased 1.14 percentage points annually, or roughly four times faster.”

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