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Old Fraud, New Face

Many people imagine that a country run on the lines of the American republic is a democratic state, that the institutions of America are democratic institutions, that the spirit of such a state is the democratic spirit, and that the philosophy of such a state – the “Rights of Man” is the democratic philosophy. All of which ideas are wrong. The common meaning of the term “democracy”, a form of society in which supreme power is lodged in the hands of the people – is correct enough as far as it goes, and is sufficient in all that it...

This April will witness the 100th anniversary of the sinking of theRMS Titanic. Many words will be written in the capitalist media about the disaster, but what of the class aspects of the tragedy and has anything really changed in the last century? The Titanic came into being purely for...

When European Central Bank president Mario Draghi recently told German tabloid Bild ”The worst is over,” he was talking about government budgets and European banks’ balance sheets. It is a completely different story for workers through-out Europe who are finding their trade union rights undermined, their wages squeezed, their retirement age raised and...

The recent visit of the Pope to Cuba has again focussed upon the island and the economic and political changes it is under-going. Ahead of his visit, Pope Benedict had suggested Cuba’s “Marxist” structure ”no longer corresponds to reality” and called for the adoption of a ”new model”. Pope Benedict XVI has...

Water has always been an issue in the American west. For 90 years, Nevada and six other south-western states have shared the waters of the once-mighty Colorado river, according to an established formula. It became clear, however, that the allocations of water decided in 1922 were overly optimistic about...

Proverbs 10:22 says, ”The blessing of the Lord brings wealth, without painful toil for it.” The world’s largest Christian TV channel, the California-based Trinity Broadcasting Network, has become embroiled in a multimillion-dollar financial scandal after members of the family that founded it alleged widespread embezzlement. The claims – by Brittany...

Concierge Medicine

Money may not buy happiness, but it can pay for you to avoid the hassle of a doctors or hospital waiting room. Well-off executives and their families increasingly are paying tens of thousands of dollars a year for high-end medical services. ”Wealthy people want to have a little exclusivity and...

The top graph is taken from “Left Business Observer” . Real income is adjusted for inflation. So, the working class, or 95% of the population, the part who actually produce the wealth of the USA have had their wages/income flattened since 1967 whereas the top 5%, the bourgeoisie or capitalist...

Greg Smith resigned as executive director of Goldman Sach’s European, the Middle East and Africa equity derivatives business, declaring his employer “morally bankrupt”. “…if you make enough money for the firm (and are not currently an ax murderer) you will be promoted into a position of influence…persuading your clients to...

What’s Being Rich?

The Fiscal Times published an article arguing that a family with an income of $250,000 per year is not really rich. When taxes, housing costs, college costs for children and so on are accounted for, even those with an income five times the median family income are just barely...

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Old Fraud, New Face

Titanic: 100 Years On

Crisis Over? Not For The Unions!

The New “Socialist”

Water Wars

Evangelical Riches

Concierge Medicine

Income vs Productivity

From the Horses…

What’s Being Rich?

Subjects

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