In this age of diamond saucepans, only a recession makes sense

Economic growth is a political sedative, snuffing out protest as it drives inequality. It is time we gave it up George Monbiot Tuesday October 9, 2007 The Guardian If you are of a sensitive disposition, I advise you to turn the page now. I am about to break the last of the universal taboos. I […]

Credit Fuelled US Economy Becoming Like Soviet Union

Posted by Bill Bonner on Sep 28th, 2007 Now we’ve finally figured it out. We were sitting in a pub, listening to a crazy woman. All of a sudden, it was clear…what went wrong with the US economy, we mean.The dollar has dropped so low that America is becoming a shopping paradise for foreigners. Of […]

The Conflicted Consumer

The following is an excerpt from Robert Reich’s new book Supercapitalism: The Transformation of Business, Democracy, and Everyday Life. Of Two Minds In recent years, the cheerleaders of American capitalism — denizens of Wall Street, lobbyists on Washington’s K Street, the inhabitants of top executive suites and New York penthouses, most Republicans, many economists, editorial […]