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| 2/19/2012 |
Is This the End of Market Democracy? The 2012 election will offer voters a stark choice between right and left alternatives. President Obama is calling for: investing in things like education that gives everybody a chance to succeed. A tax code that makes sure everybody pays their fair share. And laws that make sure everybody follows the rules. That’s what will transform our economy. That’s what will grow our middle class again. Republicans, in turn, are denouncing the expansion of a Democratic “entitlement society” and what they see as a trend toward European social democracy. They are calling for sharply reduced taxes, regulation and government spending to free market forces and revive private sector economic growth. While Americans are going to be able to choose between two contrasting ideologies, what if both choices are off the mark? What if the legitimacy of free market capitalism in America is facing fundamental challenges that the candidates and their parties are not addressing? Here are some of the issues that are making some politicians and political thinkers uneasy: Are large segments of the American workforce — millions of people — at a structural disadvantage in the face of global competition, technological advance and ever more sophisticated forms of automation? Is this situation permanent? Will the share of profits from improving corporate productivity flowing to capital and to high-earning C.E.O.s continue to grow, while the income of wage earners stagnates and their share of profits declines? Has the surging wealth and income of the top one percent and of the top 0.1 percent reached a tipping point at which the political leverage of the very affluent decisively outweighs the influence of the electorate at large? Is it possible that in the United States and Europe, democratic free market capitalism is no longer capable of providing broadly shared benefits to a solid majority of workers? (New York Times) | |||
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keywords: Austria, Barack Obama, Campaign Finance Reform, China, Columbia University, Council On Foreign Relations, David Autor, Denmark, Education, Elections, European Union, Financial Crisis, Foreign Affairs, Francis Fukuyama, Germany, Globalization, Harvard University, Health Care, Income Tax, Japan, Jeffrey Sachs, Larry Summers, Lawrence Katz, Massachusetts Institute Of Technology, Michael Spence, Mitt Romney, National Economic Council, Netherlands, Nobel Prize, Norway, Pollution, Richard Freeman, Sandile Hlatshwayo, Simon Johnson, Stanford University, Sweden, Thomas Edsall, US Department Of The Treasury, Unemployment, United States
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| 1/9/2009 |
Dennis Kucinich: "The Federal Reserve No More Federal Than Federal Express!" (CSPAN) | |||
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keywords: Bailouts, Dennis Kucinich, Federal Express, Federal Reserve, Financial Crisis, Fractional Reserve System, Franklin D Roosevelt, Health Care, Hedge Funds, Residential Mortgage-backed Securities, Stimulus Package, US Congress, US Constitution, US Department Of The Treasury, Unemployment, United States
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| 11/12/2008 |
Treasury Sec Changes Plan, Acknowledging Job Losses "raising the cost and reducing the availability of car loans, student loans and credit cards" (Employment Crossing) | |||
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| 9/18/2007 |
Alan Greenspan Admits The Federal Reserve Is Above The Law and Answers To No One (PBS) | |||
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keywords: Alan Greenspan, China, Cold War, Federal Reserve, Financial Crisis, George H W Bush, Housing Bubble, Jim Lehrer, Pbs, Residential Mortgage-backed Securities, US Congress, Unemployment, United States, Wall Street, White House
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