Open Letter from Michael Pollan (hat tip to De for this one) Dear Mr. President-Elect, It may surprise you to learn that among the issues that will occupy much of your time in the coming years is one you barely mentioned during the campaign: food. Food policy is not something American presidents have had to [...]

We are now entering the financial End Time. Bailout “Plan A” (buy the junk mortgages) has failed, “Plan B” (buy ersatz stocks in the banks to recapitalize them without wiping out current mismanagers) is fizzling, and the debts still can’t be paid. That is the reality Wall Street avoids confronting. “First they ignore you, then [...]

Flying into New York Tuesday, I had the same feeling I had when I arrived in Beirut two years ago, at the height of the Israeli bombing of that city — that of entering a war zone. The immigration agent, upon learning I taught political economy, commented, “Well, I guess you folks will now be [...]

…Most of the various notions of what globalization is about focus on the growing mobility of capital across the globe in the ‘global capital market’ and upon the impact of this mobility on national economies. But the term ‘capital market’ is analytically incoherent, because it embraces radically different phenomena in the field of finance, most [...]

By GLEN FORD In their role as mercenaries in service of finance capital, three-fifths of Democrats joined one-third of Republicans in a (temporarily) failed heist of $700 billion of the people’s funds – a nest-egg the public needs to hold onto to weather the unfolding collapse of the Lords of Capital. In the aftermath of [...]