For those wondering what will come after the Covid19 pandemic has successfully all but shut down the entire world economy, spreading the worst depression since the 1930s, the leaders of the premier globalization NGO, Davos World Economic Forum, have just unveiled the outlines of what we can expect next. These …
Read More »Monthly Archives: July 2020
What Lies Ahead: Permanent Job Losses, Poverty in America, Financial and Political Instability
The US economy at mid-year 2020 is at a critical juncture. What happens in the next three months will likely determine whether the current Great Recession 2.0 continues to follow a W-shape trajectory—or drifts over an economic precipice into an economic depression. With prompt and sufficient fiscal stimulus targeting US …
Read More »About 14 million children in the US are not getting enough to eat
Since the COVID-19 pandemic began, food insecurity has remained persistently elevated at record levels. Though food insecurity among households with children decreased from April to June, it is still far above its Great Recession peak. In fact, new data show that an unprecedented number of children in the United States …
Read More »The US is militarily & economically impotent
Mike Pompeo’s statement that Beijing’s claims in the South China Sea are unlawful was seen by some as a dramatic step toward war. But it’s little more than bluster as the US knows it is not yet capable of taking military action. Secretary of State Mike Pompeo issued a statement this week …
Read More »The Global Reset – Unplugged. “The Deep State”
Imagine, you are living in a world that you are told is a democracy – and you may even believe it – but in fact your life and fate is in the hands of a few ultra-rich, ultra-powerful and ultra-inhuman oligarchs. They may be called Deep State, or simply the …
Read More »America’s Recessional: Time to Bring the Troops Home
Two weeks ago a senior Trump Administration official revealed that the president had decided to withdraw 9,500 American soldiers from Germany and that the administration would also be capping total U.S. military presence in that country at 25,000, which might involve more cuts depending what is included in the numbers. The move …
Read More »Exporting Toxic Chemical Waste to Poor Countries Must End, Says UN
Last year, at least 30 rich countries exported locally-banned toxic substances to poorer ones, allowing corporations to write off their costly waste and transferring the costs to some of the poorest people on earth
Read More »Which Is the Most Totalitarian Country?
Is it the country that has a higher percentage of its citizens in prison than any other? That’s the U.S. Is it the country that prosecutes an entity for having murdered 196 of its citizens but prohibits that entity from providing evidence of its innocence? That’s Holland. Is it the country that …
Read More »The Camo Economy: How Military Contracting Hides Human Costs and Increases Inequality
Military contracting was sold to the American people as a way to reduce the cost of military operations, yet the result has been quite the opposite. Recent research of mine has shown that rather than reduce costs, military contracting — or what I call the “Camo Economy” because it camouflages human and …
Read More »UK Complicity with Saudi War Crimes in Yemen
Britain operates as a US imperial project junior partner — allied with its preemptive wars against nonbelligerent nations threatening no one. Both countries operate by a do what we say, not as we do standard. While their lofty language expresses support for peace, stability, and human rights, their actions consistently …
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