Incredible new Aljazeera documentary about US inequality |
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| By: athena1 Wednesday August 3, 2011 3:33 pm | |
The end is really chilling. Then again, even the head of the IMF has warned that social unrest is inevitable if we continue on this course.
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31 Comments
Once again a great catch Athena,
Wouldn’t have come across this on my own. A must see.
Rec’d.
I do hope this gets promoted.
Not sure I want to be lectured about inequality by a middle eastern media source. When muslims treat women as humans, I might be willing to hear what they have to say
Aljazeera journalists are mostly BBC graduates. Yes, it’s funded by the king of Quatar, but the journalists are honest people with western values and they say they have 99% journalistic freedom.
Nice.
Small critique: maybe a little intro. or addition would be appropriate.
85% of Harvard Business School comes from families above the median 50k/year of the average US household.
The “middle class” in Harvard Business School is 110-200k/year.
Smarter – ya they tanked the economy and stole trillions.
Harder working – ya, tanking the world economy and stealig trillions is hard work, ask any thief. Steal from the 7-11, you’re a thief. Steal trillions and almost destroy the world economy in the process, well you’re just a business “man”.
I got no problem with this insane system of inequality, rampant greed, inexcusable theft, outrageous and blatant fraud, and willful destruction all for the almighty dollar ending. I will cheer and celebrate when it ends.
you’re wasting your time.
Every reply is ka-ching in their accounts.
That was uncalled for.
Recc’d with thanks. This does deserve promotion.
BBC graduates who look the other way while millions of muslim women are treated like garbage are not people to look up to.
I’m still perplexed by the kid they interviewed from Harvard. So instead of him paying more in taxes, we should let him keep it and turn it into more money. This benefits the country in which he does his business how?
What I have gotten out of this is what I have seen myself. What Obama and Bush did in 2008 was to save the Gilded Age which was the opposite of what should have been done.
The banks should have been seized and the market let to totally crash.
Is this person a troll? (honest question – I’ve noticed a few trolls hanging around.)
Err…Aljazeera has covered a lot of issues surrounding women in the ME. Just a few days ago I watched an in-depth discussion about the future of Egypt that was centered around equality for women.
I completely agree. We have government functions in place to wind down and manage failing institutions while preserving their basic functions the “real economy” needs.
Have you seen Dean Baker’s criticism of Bernanke’s lie to congress about the paper markets?
http://www.cepr.net/index.php/blogs/beat-the-press/the-return-of-the-tarp-lie-about-the-commercial-paper-market
yes. What the they did not tell you was that it would have been the rich that would gotten really screwed financially and not the poor or middle class so much.
The more I read about the depression of the 1930s, the market crash and what I know of what happened in 2008, the more I am convinced that Hoover’s way of dealing with it or rather not doing anything, was the best approach.
Well put, tambershall!
You should send that one to Obama and his “bipartisan” Harvard graduate buddies:
Jeffrey Immelt– M.B.A. from Harvard Business School, Republican CEO General Electric and in February 2009, Immelt was appointed as a member to the President’s Economic Recovery Advisory Board to provide the president and his administration with advice and counsel in fixing America’s economic downturn
Arne Duncan – Harvard University 1987 bachelor’s degree in sociology
Shuan Donovan – Master public Administration 1987 Harvard – Secretary Housing and Urban Development
Susan Rice graduated from Stanford, but her father graduated from Harvard.
Other of Obama’s Harvard pals include Chris Lu, Tom Perrelli, Cassandra Butts, and I’m sure there are others that I’m leaving out.
Republican talking point. That’s at least two for you tonight.
Don’t know if he’s troll.
Just a person who it is very difficult to talk to on many occasions that I have attempted.
A lot of talking points. Deflection of questions. And overall a very superior smug attitude that they are correct and everyone else is wrong.
Oh Dawg, I just threw up in my mouth.
“It is difficult to get a man to understand something, when his salary depends upon his not understanding it!” (Sinclair)
It’s a money thing. That’s all they care about. And they will justify it with any lie they can.
But they don’t really care what others think. The lies are for them.
Not really.
Even if it went bust, the bad men would still somehow come out on top.
The banks should be nationalized.
The energy sector should as well.
As with medicine.
Heck, if it was up to me (let’s say Dawg gave me magical powers, and a wand), I would nationalize it all. Private enterprise has a place, as the Germans have so efficiently shown – as a highly regulated adjunct ONLY).
This was a really good find. Of course, all of it is 100% accurate.
Great job on the blog, it looks great. I am going to save it and will make sure to visit weekly
Copiers Alma AR
rec’d
* “U.S. Firms Build Up Record Cash Piles” (Wall Street Journal, June 10, 2010):
* “Apple holding more cash than USA” (BBC, July 29, 2011)
* “U.S. businesses stash 11% more cash, Apple is No. 1” (San Jose Business Journal, July 27, 2011). Click through the post to see the top 20 and their cash positions and the growth rates since the mid-2000s.
*
.
{ snip }
It would be interesting to know about the cash position of the financial companies (e.g., private equity firms, hedge funds) including entities as the private banks called the “Federal Reserve” system.
* “Could Apple pull a J.P. Morgan and bail out the U.S. government?” (LA Times, July 30, 2011)
Interesting. Recc’d
And it’s gonna get worse.
Now that we have a politburo beholden to Wall Street and administration beholden to same and ……
Interesting that none of these protests are being covered at all.
“I am convinced that Hoover’s way of dealing with it or rather not doing anything, was the best approach.”
From a Harvard site (of all places):
“We are not where I had hoped we’d be four years after the crisis began,” Morgenson concluded, “and what I think it means is that while Glass-Steagall protected us for almost 70 years, the flaws in Dodd-Frank almost guarantee that next crisis will come sooner rather than later.”
http://www.hks.harvard.edu/news-events/news/articles/shor-morgenson-nytimes-apr11
Yeah, who needed almost 70 years of stability?
Thank you, that was excellent. I would add that the rot goes all the way to the bottom parts of our society. There is cronyism at all levels, nepotism, and the self-satisfaction of wealthy thieves at all levels, from the smallest town to the largest city. Ask the unemployed and the poor and the dispossessed. They will tell you the truth about how our society really functions.
Any time their names ave something close to “slither” “slime” “snake” etc esp when combined with “green” It’s a troll
One could say the same regarding republicans.