Three hour visit with Chris Hedges

After listening to the first hour of this video featuring writer Chris Hedges, I'm started by two things. First, it surprises me that I agree with so much of what Hedges has to say. Not everything he says, but much of it, including Hedge's critique of much of Obama's health care program, which he considers to be a bailout to the insurance industry and big pharma. I think he is spot-on with his characterization of the United States as a case of "inverted totalitarianism," ruled by anonymous corporate forces. Second, looking back at what I used to believe only 10 years ago, I'm amazed at how much my views have changed regarding the United States. Occasionally, it still feels like my country, for instance, during the pushback to SOPA and PIPA. But mostly, it doesn't feel like a country that belongs to the People. There is much to love about many of the people and places of the United States, and I suspect that we're going to officially be around as a country for a long time, but I'm afraid that I agree with Hedges assessment that we have "hollowed out" the innards of who we were, and we are now seeing a vast unsustainable empire in the throes of collapse. The people bearing the brunt of this collapse are ordinary citizens who have conned by the corporate elite in ways too numerous to count involving "free elections," warmongering, spying on citizens, banks' purchase and abuse of Congress and much more. If one ware to write an honest civics book for grade school children, it would need to say dozens of inconvenient truths that would cause uproars at the PTA meetings. But maybe that is what we need.

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Every political topic revolves around Citizens United

Bernie Sanders Points out that every political topic is affected by Citizens United:

If you are concerned about the collapse of the middle class, you should be concerned about how American campaigns are financed. If you wonder why the United States is the only country in the industrialized world not to have a national health care program, if you're asking why we pay the highest price in the world for prescription drugs, or why we spend more money on the military than the rest of the world combined, you are talking about campaign finance. You are talking about the unbelievable power that big-money interests have over every legislative decision.
The corporate coffers are wide open, thanks to a mere 5-4 majority:
It's a virtual certainty that all of this spending will fundamentally distort our democracy, tilting the playing field to favor corporate interests, discouraging new candidates, chilling elected officials and shifting the overall policymaking debate even further in the direction of giant corporate interests and the super-wealthy.
I agree completely. Until we overturn Citizens United (by passing a constitutional amendment -- perhaps one of these), we are incapable of having any honest discussion with our politicians.

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Here’s how to strike back against Internet censorship and why

It's time to step up and voice your concerns because we now have a bit of momentum. Here's how to strike back against Internet censorship. Here is why you should consider taking at least a few minutes to get involved. I've blackened the DI banner today as a symbol of my concern regarding efforts to pass SOPA (pending in the House) and the Protect IP Act (pending in the Senate). Free Press has offered a page indicating the senators who are pro, con and on the fence. If you plug in your zip code, you will be presented with phone numbers for your senators and it LITERALLY takes only a minute to voice your concern to the staffer of your senator. I called my two senators in two minutes. Please join me in voicing your concern to your elected officials. You will be doing your part to use logic, fairness and reason to oppose $90 million in campaign contributions. Reason sometimes work, as demonstrated by today's reversal of course by Senator Marco Rubio of Florida.

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Cause of the economic collapse: Bank fraud versus bank incompetence?

In this 2009 interview with Bill Moyers, William Black, a former bank examiner and now a professor at the University of Missouri-St. Louis, discusses the cause of economic collapse. Some have suggested that the banks were merely incompetent. Black argues that many players in the financial industry purposely engaged in a Ponzi scheme that was so big as to make Bernie Madoff look like a "piker." He argues that the banks and the loan raters purposely refused to engage in responsible lending practices. Government officials (under the Clinton administration) destroyed Glass-Steagall. Congress intentionally circumvented the warnings of regulator Brooksely Born in deciding the make CDS derivatives legal. Congress refused to fund adequate staff staffing of law enforcement so as to prosecute ongoing bank fraud beginning in 2001. Under this set of doomed-to-fail policies, a single financial enterprise, IndyMac made more bad loans than were made during the entire Savings and Loan Crisis. The game now is to maintain a coverup--Black points fingers at Timothy Geithner and others.

Bill Moyers Journal: William K. Black from BillMoyers.com on Vimeo.

Bill Moyers conducted this interview on his PBS show. He is now active as a journalist at his own website.

Continue ReadingCause of the economic collapse: Bank fraud versus bank incompetence?