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19:07:51 10/07/11
Zandi Finds `Relief' in Jobs Report, 40% Recession Risk
[LESS INFO] 2 VIEWS | ADDED 19:07:51 10/07/11
Zandi Finds `Relief' in Jobs Report, 40% Recession Risk
Oct. 7 (Bloomberg) -- Mark Zandi, chief economist at Moody's Analytics Inc., and Marc Chandler, global head of currency strategy at Brown Brothers Harriman & Co., talk about the US employment report for September, the US economy and dollar, and the European sovereign-debt crisis. US payrolls rose by 103000 after a 57000 gain in August, the Labor Department said today. Zandi and Chandler speak with Tom Keene on Bloomberg Television's "Surveillance Midday." (Source: Bloomberg) From: Bloomberg Views: 183 0 ratings Time: 12:52 More in Entertainment
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01:09:30 06/16/11
'Inside Job' Director Ferguson's Proposal to Reform Wall Street
[LESS INFO] 50 VIEWS | ADDED 01:09:30 06/16/11
Charles Ferguson, director of "Inside Job," proposes a strategy to reform the compensation structure of top players in the financial services industry. He explains that rather than capping the salaries of top executives, he would regulate the compensation of any person capable of taking major risks.
Complete video at: http://fora.tv/2011/03/02/Inside_Job_Charles_Ferguson
Could the global economic meltdown of the last few years have been prevented? Academy award-nominated filmmaker Ferguson believes that the crisis was no accident. His latest documentary, "Inside Job," makes the powerful case that an out-of-control finance industry took advantage of a deregulated atmosphere and purposely sought to get rich at the expense of others.
Through extensive interviews with financial insiders and government officials, Ferguson crossed the globe to find proof that the financial industry intentionally engaged in unethical behavior. His gripping account of the global recession is sure to evoke feelings of disgust, anger, and concern that this all may happen again unless our regulatory system is changed.
Ferguson's previous film, "No End in Sight," was nominated for an Oscar. "Inside Job" is already being touted as an early favorite to win this year's award for Best Documentary (Feature). - The Commonwealth Club of California
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22:29:00 02/17/11
Senator Collins Introduces 7 Point Jobs Plan
[LESS INFO] 0 VIEWS | ADDED 22:29:00 02/17/11
Senator Collins Introduces 7 Point Jobs Plan
Mainers are resilient. We experience long winters, work hard at our jobs and reap the benefits of our beautiful summers and falls. Along with the rest of the country, we are currently suffering through the worst economic recession since the Great Depression. Too many Mainers have lost their jobs through no fault of their own and continue to struggle to find work in this tough economy. Putting people back to work is the key to Maine's economic recovery and Senator Collins' number one goal for the 112th Congress. Senator Collins believes that together we need to create and foster an environment that leads to job creation and growth. Go to collins.senate.gov to read Senator Collins' seven point plan. From: SenatorSusanCollins Views: 135 2 ratings Time: 29:29 More in News & Politics
0 Views
22:29:00 02/17/11
Senator Collins Introduces 7 Point Jobs Plan
[LESS INFO] 0 VIEWS | ADDED 22:29:00 02/17/11
Senator Collins Introduces 7 Point Jobs Plan
Mainers are resilient. We experience long winters, work hard at our jobs and reap the benefits of our beautiful summers and falls. Along with the rest of the country, we are currently suffering through the worst economic recession since the Great Depression. Too many Mainers have lost their jobs through no fault of their own and continue to struggle to find work in this tough economy. Putting people back to work is the key to Maine's economic recovery and Senator Collins' number one goal for the 112th Congress. Senator Collins believes that together we need to create and foster an environment that leads to job creation and growth. Go to collins.senate.gov to read Senator Collins' seven point plan. From: SenatorSusanCollins Views: 135 2 ratings Time: 29:29 More in News & Politics
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16:00:00 11/21/10
Sparking a Change
[LESS INFO] 0 VIEWS | ADDED 16:00:00 11/21/10
When people think of Detroit, they think of the "Big Three" - Ford, General Motors and Chrysler. But now those companies are barely recognizable from their heyday. And with plug-in electric vehicles ready to hit the market in force, a new generation of automotive entrepreneurs it looking to fill the void. In "Sparking a Change," Correspondent Lee Patrick Sullivan looks into how the "Little Three" electric vehicle manufacturers - brands like Tesla, Smith and Think Automotive - are trying to bring back the independent automaker spirit of 1930s and 40s Detroit, when the industry was awash with small auto companies. Lee Patrick talks with auto workers who lost their jobs in the recession, but are finding new ones with the EV revolution gearing up. He also looks at how the manufacturing innovations that came with this new vehicle technology are bringing the entire auto industry into the 21st century, and why the makers of the autos we know today are working with these new companies to make the vehicles we'll buy tomorrow. These companies are trying to carve out a niche of their own for electric vehicles in the U.S. auto market. Can they compete with the Big Three?
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04:04:05 08/07/10
Unstacking The Deck The Environment W/ Mark Serati – Ep 06
[LESS INFO] 0 VIEWS | ADDED 04:04:05 08/07/10
This episode UTD explores the destruction of our environment and features guest Mark Serati (http://www.mark-serati-for-governor.org/), who was a candidate for governor in 2008′s race for governor in Missouri. Serati is a two-time federal whistleblower for factory workers contracted by the military who were subjects of experiments involving some of the same chemical gases emitted from the BP wild well in the Gulf. Feature documentary: The CorporationHistory segment Graphic representation of the Gulf oil spill causeIntellicast Gulf spill mapBP under fire: Claims of cover-up, told to use less toxic dispersants; spill larger than believedIran offers help to contain US spillOil spill nets $270mn for TransoceanWhat if BP was a human being?BP top kill method fails as cleanup workers are hospitalized from vaporsGulf Oil Leaks Could Gush for YearsThe Amount Of Neurotoxin Pesticide Corexit Sprayed By BP Tops 1 Million Gallons10 Things You Need (But Don’t Want) To Know About the BP Oil SpillCorexit is Killing the GulfMassive underwater oil cloud may destroy life in Gulf of MexicoNorthcoast420 friendly tourism coming to Emerald TrianglePoisoned potJuicing Raw CannabisFeds move to throw pot smokers in prison for impaired drivingConservation groups vow legal challenge to Richardson Grove highway wideningRep Souder resigns over affair with stafferTyson to retire after 10 years amongst legal troubles and $4 million deficitOn this we can all agreeWater diversion may bring penalty under new state lawCity of Eureka unblocks Humboldt Herald from employeesTokin’ and Travelin’–New Studies on the Effects of Driving while HighEarly Laytonville Native American historyStateAnti-terror training missions to be held across the stateFBI Aides In Santa Cruz Riot InvestigationEx-lawyer jailed 14 months, but not charged with a crime: exposed LA corruption scandalProtesters “shut down” L.A. City Council meeting on rent control; police make several arrestsSacramento proposes browning out 3 more fire units to close deficit32 States Have Borrowed from the Federal Government to Make Unemployment Payments; California Has Borrowed $7 BillionSan Carlos considers outsourcing police dutiesBay Area jobs hit harder by recession than U.S.State broadens probe of prisoner abuse allegationsDespite state subsidies, class sizes begin to rise again in California schoolsAssembly approves ban on free, single-use bagsHigher fines proposed for cell phone use while driving in CaliforniaNitrate contamination spreading in California communitiesNo Methyl Iodide in our foodNationalFive ways you can gain health and vitality for freeOR: Lawsuit seeks to ban Monsanto’s GMO Sugar Beets, organic crop contaminationObama’s USDA to deceive Americans over GMO cropsPresidential cancer advisors find courage to warn about environmental risks of cancer chemicalsDirty contaminated beef fed to children through school lunch programsVA Tech professor uncovered truth about lead in D.C. waterPig Virus Contaminates Rotavirus Vaccines, but FDA says no problemSmall businesses threatened with 1099 tax form tyranny provision in health care billFood-stamp tally nears 40 million, sets recordBruce Shore, Unemployed Philadelphia Man, Indicted For ‘Harassing Email’ To Jim BunningMortgage delinquencies drag on economic recoverySears and K-Mart to offer Cash-for-Gold servicePentagon changed military commissions rules to legitimize drone programObama calls for new international OrderPrivate Corporation Building Detention Camps Across AmericaSafely avoid and remove dangerous man-made fluorideCBS Propaganda Placement: Conspiracy Theorists Are Anti-American, Domestic TerroristsNow independent thinkers are considered diseased by psychiatryTrolls exposedSunnstein wants mandatory government propaganda on political websites-videoReport: Most Gitmo detainees did not plot against the U.S.A disgrace of historic proportionsTSA screener accused of stealing from handicapped woman at Newark Airport InternationalFacebook founder calls trusting users Dumb FucksIBM Patent Application Describes “Intelligent” Stop Lights That Turn Off CarsStudent detained for using Arabic flashcardsCensus worker charged with rape and burglaryMotorcyclist charged with illegal monitoring of police during arrest for helmet camWoman shot dead over refusal to answer census questionsY.C. woman killed by police pointed gun at officersUT National Guard refused to confiscate guns in the Gulf Coast post-Katrina/RitaInternationalObama’s mentor Brzezinski Decries “Global Political Awakening” During CFR SpeechCA: Harper government monitoring online chats about politics Correcting what it calls ‘misinformation’Action To Arrest Wanted War Criminal Kissinger in IrelandCoca-Cola’s murderous record of anti-union activity in Columbia exposedHaitian farmers refuse Monsanto seedsGates funds cloud whitening experiments: Global ban demanded Chemtrails and Monsanto’s New Aluminum Resistance Gene – Coincidence?Gates Foundations suggests sterilizing males with UltrasoundIf Ultrasound destroys sperm, why is it safe for a fetus?UN: Oceans fish could disappear in 40 yearsOur Sympathies To The People Of Greece: It’s “d
2 Views
09:13:00 11/12/08
Imaginary Money Graveyard
[LESS INFO] 2 VIEWS | ADDED 09:13:00 11/12/08
Imaginary Money Graveyard by d-oo-b.cc Music: Ghosts by http://nin.com flickr.com/photos/arcorosca/sets/72157608868260247/show/w... www.flickr.com/photos/roxelo/3020310910 The recent Financial Global climate is affecting us all in some way. From mortgage prices to investments, businesses fail and people loose their homes, jobs and lives as a result. The severe lack of forsight by those in control this has led to the potential crash of the neo-conservatives. We now see the wealth of the world in a different light. An uncertain future is all we have to look forward to. Europe was caught out by the financial crisis and did not see recession looming, the head of the Eurogroup of nations conceded today, amid estimates that the EU has plunged into a downturn. OCt 08 'Recession awaits us, and we didn't think that recession lay in waiting,' euro zone chairman Jean-Claude Juncker told members of the European Parliament in Brussels. Oct 08 'We were badly mistaken with the different sequences of this crisis,' said Juncker, who is also the premier and finance minister of Luxembourg. Oct 08 The European Commission in early November 2008 warned that the worst financial crisis for generations has driven the EU economy into recession and that economic growth would come close to a standstill next year. "Increasingly, the signs point to a deep and synchronised global recession that began last quarter and has gathered momentum," said Bruce Kasman, an economist at JPMorgan Chase in New York. November 08 The eurozone’s second-biggest economy will grow by just 0.2-0.5 percent next year instead of the 1 percent previously predicted, Economy and Finance Minister Christine Lagarde told the Senate. The minister said the growth forecast for next year 2009 was “the lowest ever by a government in France” but that it was realistic. “The international economic outlook has deteriorated much more than was expected, which will impact growth in Switzerland over the next several quarters,” the Swiss National Bank said in a statement in October 08 The sharp falls came after the Dow Jones index slid 5.05 percent on Wall Street November 7th 08 as investors braced for a gloomy economic ride after the euphoria of Obama’s election victory faded. “Now that the event is over, investors are sobering up and looking at the economic gloom,” said Mizuho Investors Securities broker Masatoshi Sato. Billionaire philanthropist George Soros conceded in OCtober 08 that US influence was waning: "It has already declined. For the past 25 years, we have been running a constant current account deficit. The Chinese and the oil-producing countries have been running a surplus. We have consumed more than we produced. While we have run up debt, they have acquired wealth with their savings. Increasingly, the Chinese will own a lot more of the world because they will be converting their dollar reserves and US government bonds into real assets." Japan By James Kirkup and Julian Ryall in Tokyo Last Updated: 4:00PM BST 16 Oct 2008 Telegraph.co.uk "To cope with the current crisis, further steps may be needed," Mr Aso told members of the Japanese parliament. "However, I still believe this package will be effective to a certain degree." Mr Aso's budget package will be mean direct financial support for farmers and fishermen paying higher fuel bills, and for Japanese consumers. The emergency budget is part of a wider 11.7-trillion-yen package announced in August. The Bank of Japan also made another 300 billion-yen of emergency loans to Japanese banks, hoping to unblock the Tokyo money markets. The central bank has been offering extra liquidity on an almost daily basis for a month. euro Author: ČTK www.ceskenoviny.cz/news/index_view.php?id=338324 Prague - The current situation on financial markets will affect the agenda of Czech EU presidency in the first half of 2009, deputy prime minister for EU affairs Alexandr Vondra said. The financial crisis has become a new priority of the European Union, Vondra said. "When you are making preparations for a football match, you sometimes base your tactics more on offensive while another time you are more defensive. It is evident that in the economic situation in which Europe will be finding itself next year, emphasis will be rather placed on the protection and defence of what has already been attained," Vondra said. Posted by Kevin Anderson Sunday October 12 2008 06.50 BST Homelessness, the economic crisis and voting Homelessness is on the rise in the US, and the newly homeless could find their votes challenged. In Reno Nevada, joblessness has jumped 60% and a tent city of 170 people grew. Reno is trying to shut down the tent city and move people to newly opened shelters. CBS News has reported tent cities in Seattle, Portland, Fresno, Columbus, and Chattanooga. There are also reports of encampments in Seattle, San Diego, and Columbus, Ohio, Santa Barbara and Fresno California. The wave of foreclosures, which in some areas of the country disproportionately affect black voters, could also come into play. The Republican Party of Macomb County Michigan, one of three counties that make up Detroit, is planning to use list of foreclosed homes to challenge people who try to vote using those addresses. Republicans claim that they are trying to prevent voter fraud. Homeless and voting rights advocates are trying to make sure that people don't lose their homes and their right to vote. USA As veteran curator of that realm of American national power upon which all others ultimately depend, Greenspan has inspired remarkable deference. He long ago tamed the legislature, to the point that, instead of exercising oversight over his tenure, Congress has ritually idolized rather than interrogated him. Greenspan's aura has extended even to presidents of the United States. Bill Clinton went so far as to ask Greenspan in 2000 if he would like to be appointed to a fourth term as chairman, or whether he'd prefer to "go out now on top." The then 73-year-old replied: "Oh, no. This is the greatest job in the world. It's like eating peanuts. You keep doing it, keep doing it, and you never get tired." BY PETER HARTCHER American Interests www.the-american-interest.com Winter Issue “Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity, myself included, are in a state of shocked disbelief,” he told the House Committee on Oversight and Government Reform. Mr. Greenspan conceded: “Yes, I’ve found a flaw. I don’t know how significant or permanent it is. But I’ve been very distressed by that fact.” Mr. Greenspan said that he had publicly warned about the “underpricing of risk” in 2005 but that he had never expected the crisis that began to sweep the entire financial system in 2007. “This crisis,” he told lawmakers, “has turned out to be much broader than anything I could have imagined. It has morphed from one gripped by liquidity restraints to one in which fears of insolvency are now paramount.” NEW YORK TIMES (US) Greenspan’s sins return to haunt us By David Blake Published: September 18 2008 18:39 | Last updated: September 18 2008 18:39 Back in 2002, when his reputation as “The Man Who Saved the World” was at its peak, Alan Greenspan, former chairman of the Federal Reserve, came to Britain to pick up his knighthood. His biggest fan, Gordon Brown, now the UK prime minister, had ensured that the citation said it was being awarded for promoting “economic stability”. Even as things went completely wild, Mr Greenspan dismissed those who warned that a new bubble was emerging. It was just a case of a little “froth” in a few areas. Later, after waiting until 2007, two years after he left office, he conceded that “froth” had been his euphemism for “bubble”. “All the froth bubbles add up to an aggregate bubble,” he told the Financial Times...... Mr Greenspan realises that something big has happened and describes it as a “once in a hundred years” event. But then, you do not get Alan Greenspans coming along every day. Finincial Times (UK) Copyright The Financial Times Limited 2008 Neoliberalism, White (Male) Privilege & the Current Financial Crisis by Jessie on Sep 30, 2008 at 11:29 am Make no mistake, all the available evidence suggests that the American political economy is headed for a major crash. Some are even speculating that this is the end of American economic dominance in the world’s financial market. But don’t be deceived by the blame-the-victim rationalizing that’s being floated now. Let’s be clear about what policies and which people are behind the current financial crisis: neoliberal policies and the overwhelmingly majority of economically privileged white men (photo from same link) who created, implemented and benefited from those policies. Neoliberalism refers to a set of policies that encourage “less government” and unfettered (and unregulated) capitalism. The key elements of neoliberalism include: 1) the rule of the market, 2) reducing government expenditures on social services, 3) deregulation, 4) privatization, and 5) gutting the notion of “the public good.” The end result of neoliberal policies is that while a handful of people get very, very rich, these policies simultaneously exacerbate the suffering of just about everyone else and increase domestic and international instability. So, what we’re seeing now is just the logical, perhaps inevitable, result of these policies.
2 Views
09:13:00 11/12/08
Imaginary Money Graveyard
[LESS INFO] 2 VIEWS | ADDED 09:13:00 11/12/08
Imaginary Money Graveyard by d-oo-b.cc Music: Ghosts by http://nin.com flickr.com/photos/arcorosca/sets/72157608868260247/show/w... www.flickr.com/photos/roxelo/3020310910 The recent Financial Global climate is affecting us all in some way. From mortgage prices to investments, businesses fail and people loose their homes, jobs and lives as a result. The severe lack of forsight by those in control this has led to the potential crash of the neo-conservatives. We now see the wealth of the world in a different light. An uncertain future is all we have to look forward to. Europe was caught out by the financial crisis and did not see recession looming, the head of the Eurogroup of nations conceded today, amid estimates that the EU has plunged into a downturn. OCt 08 'Recession awaits us, and we didn't think that recession lay in waiting,' euro zone chairman Jean-Claude Juncker told members of the European Parliament in Brussels. Oct 08 'We were badly mistaken with the different sequences of this crisis,' said Juncker, who is also the premier and finance minister of Luxembourg. Oct 08 The European Commission in early November 2008 warned that the worst financial crisis for generations has driven the EU economy into recession and that economic growth would come close to a standstill next year. "Increasingly, the signs point to a deep and synchronised global recession that began last quarter and has gathered momentum," said Bruce Kasman, an economist at JPMorgan Chase in New York. November 08 The eurozone’s second-biggest economy will grow by just 0.2-0.5 percent next year instead of the 1 percent previously predicted, Economy and Finance Minister Christine Lagarde told the Senate. The minister said the growth forecast for next year 2009 was “the lowest ever by a government in France” but that it was realistic. “The international economic outlook has deteriorated much more than was expected, which will impact growth in Switzerland over the next several quarters,” the Swiss National Bank said in a statement in October 08 The sharp falls came after the Dow Jones index slid 5.05 percent on Wall Street November 7th 08 as investors braced for a gloomy economic ride after the euphoria of Obama’s election victory faded. “Now that the event is over, investors are sobering up and looking at the economic gloom,” said Mizuho Investors Securities broker Masatoshi Sato. Billionaire philanthropist George Soros conceded in OCtober 08 that US influence was waning: "It has already declined. For the past 25 years, we have been running a constant current account deficit. The Chinese and the oil-producing countries have been running a surplus. We have consumed more than we produced. While we have run up debt, they have acquired wealth with their savings. Increasingly, the Chinese will own a lot more of the world because they will be converting their dollar reserves and US government bonds into real assets." Japan By James Kirkup and Julian Ryall in Tokyo Last Updated: 4:00PM BST 16 Oct 2008 Telegraph.co.uk "To cope with the current crisis, further steps may be needed," Mr Aso told members of the Japanese parliament. "However, I still believe this package will be effective to a certain degree." Mr Aso's budget package will be mean direct financial support for farmers and fishermen paying higher fuel bills, and for Japanese consumers. The emergency budget is part of a wider 11.7-trillion-yen package announced in August. The Bank of Japan also made another 300 billion-yen of emergency loans to Japanese banks, hoping to unblock the Tokyo money markets. The central bank has been offering extra liquidity on an almost daily basis for a month. euro Author: ČTK www.ceskenoviny.cz/news/index_view.php?id=338324 Prague - The current situation on financial markets will affect the agenda of Czech EU presidency in the first half of 2009, deputy prime minister for EU affairs Alexandr Vondra said. The financial crisis has become a new priority of the European Union, Vondra said. "When you are making preparations for a football match, you sometimes base your tactics more on offensive while another time you are more defensive. It is evident that in the economic situation in which Europe will be finding itself next year, emphasis will be rather placed on the protection and defence of what has already been attained," Vondra said. Posted by Kevin Anderson Sunday October 12 2008 06.50 BST Homelessness, the economic crisis and voting Homelessness is on the rise in the US, and the newly homeless could find their votes challenged. In Reno Nevada, joblessness has jumped 60% and a tent city of 170 people grew. Reno is trying to shut down the tent city and move people to newly opened shelters. CBS News has reported tent cities in Seattle, Portland, Fresno, Columbus, and Chattanooga. There are also reports of encampments in Seattle, San Diego, and Columbus, Ohio, Santa Barbara and Fresno California. The wave of foreclosures, which in some areas of the country disproportionately affect black voters, could also come into play. The Republican Party of Macomb County Michigan, one of three counties that make up Detroit, is planning to use list of foreclosed homes to challenge people who try to vote using those addresses. Republicans claim that they are trying to prevent voter fraud. Homeless and voting rights advocates are trying to make sure that people don't lose their homes and their right to vote. USA As veteran curator of that realm of American national power upon which all others ultimately depend, Greenspan has inspired remarkable deference. He long ago tamed the legislature, to the point that, instead of exercising oversight over his tenure, Congress has ritually idolized rather than interrogated him. Greenspan's aura has extended even to presidents of the United States. Bill Clinton went so far as to ask Greenspan in 2000 if he would like to be appointed to a fourth term as chairman, or whether he'd prefer to "go out now on top." The then 73-year-old replied: "Oh, no. This is the greatest job in the world. It's like eating peanuts. You keep doing it, keep doing it, and you never get tired." BY PETER HARTCHER American Interests www.the-american-interest.com Winter Issue “Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity, myself included, are in a state of shocked disbelief,” he told the House Committee on Oversight and Government Reform. Mr. Greenspan conceded: “Yes, I’ve found a flaw. I don’t know how significant or permanent it is. But I’ve been very distressed by that fact.” Mr. Greenspan said that he had publicly warned about the “underpricing of risk” in 2005 but that he had never expected the crisis that began to sweep the entire financial system in 2007. “This crisis,” he told lawmakers, “has turned out to be much broader than anything I could have imagined. It has morphed from one gripped by liquidity restraints to one in which fears of insolvency are now paramount.” NEW YORK TIMES (US) Greenspan’s sins return to haunt us By David Blake Published: September 18 2008 18:39 | Last updated: September 18 2008 18:39 Back in 2002, when his reputation as “The Man Who Saved the World” was at its peak, Alan Greenspan, former chairman of the Federal Reserve, came to Britain to pick up his knighthood. His biggest fan, Gordon Brown, now the UK prime minister, had ensured that the citation said it was being awarded for promoting “economic stability”. Even as things went completely wild, Mr Greenspan dismissed those who warned that a new bubble was emerging. It was just a case of a little “froth” in a few areas. Later, after waiting until 2007, two years after he left office, he conceded that “froth” had been his euphemism for “bubble”. “All the froth bubbles add up to an aggregate bubble,” he told the Financial Times...... Mr Greenspan realises that something big has happened and describes it as a “once in a hundred years” event. But then, you do not get Alan Greenspans coming along every day. Finincial Times (UK) Copyright The Financial Times Limited 2008 Neoliberalism, White (Male) Privilege & the Current Financial Crisis by Jessie on Sep 30, 2008 at 11:29 am Make no mistake, all the available evidence suggests that the American political economy is headed for a major crash. Some are even speculating that this is the end of American economic dominance in the world’s financial market. But don’t be deceived by the blame-the-victim rationalizing that’s being floated now. Let’s be clear about what policies and which people are behind the current financial crisis: neoliberal policies and the overwhelmingly majority of economically privileged white men (photo from same link) who created, implemented and benefited from those policies. Neoliberalism refers to a set of policies that encourage “less government” and unfettered (and unregulated) capitalism. The key elements of neoliberalism include: 1) the rule of the market, 2) reducing government expenditures on social services, 3) deregulation, 4) privatization, and 5) gutting the notion of “the public good.” The end result of neoliberal policies is that while a handful of people get very, very rich, these policies simultaneously exacerbate the suffering of just about everyone else and increase domestic and international instability. So, what we’re seeing now is just the logical, perhaps inevitable, result of these policies.
