We no longer have the discipline and intelligence to plan, and that is our biggest problem, according to James K. Galbraith, who wrote a piece called “Plan” in Harper’s Magazine. Our system is not capitalism. Our economy has a large public sector, which at its best was competently concerned with…
Richard Heinberg, a Senior Fellow of Post Carbon Institute, knows that energy-from-oil is connected to everything else that we do. That is why we are facing a monumental change in our economy within the next few years. And we are not prepared in the least. What can we expect? Here's…
This story is told in a simple, straight-forward manner by a bank regulator who wants Americans to know that John McCain has long track record for being morally obtuse and economically dangerous. This particular story is about the Keating Five, but the damage McCain has done to the American economy…
The real problem with the economy of the United States is massive debt. Sooner or later, we're going to have to change our ways, and it's not going to be pretty. How much work? Consider this description of the amount of debt, by Kevin Phillips: We're not just looking at…
Jon Stewart's team does a great job of editing George W. Bush speeches from five years ago and from recent days. It does seem to be the same speech. Consider this earlier post, and the opening lines from the BBC's terrific documentary: “The Power of Nightmares: The Shadows In The…