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By Ellen Brown / Original to ScheerPost On Friday, March 10, Silicon Valley Bank (SVB) collapsed and was taken over by federal regulators. SVB was the 16th largest bank in the country and its bankruptcy was the second largest in U.S. history, following Washington Mutual in 2008. Despite its size, SVB was not a “systemically […]
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The Truth About Corporate Subsidies
Why won’t big American corporations do what’s right for America unless the government practically bribes them?
And why is the government so reluctant to regulate them?
Prior to the 1980’s, the U.S. government demanded that corporations act in the public interest.
For example, the Clean Air Act of 1970 stopped companies from polluting our air by regulating them.
This is excellent work from Tortoise Media (for, as they say, slow news)… It is worth listening to the short introduction below – then the link to the database itself is here: A real democratic service which makes for interesting reading – even when you discover that your own MP, like mine, hasn’t really received... Read more
I had not seen this informative video before – nine and a half minutes of background on how we got here. It is remarkable how the Tories have successfully remodelled the NHS on principles quite different from those at its its foundation – and just as remarkably how Labour has failed both to see the... Read more
The Truth Behind “Self-Made” Billionaires
Why do we glorify “self-made” billionaires?
Well, being “self-made” is a seductive idea —it suggests that anybody can get to the top if they’re willing to work hard enough. It’s what the American Dream is all about.
If Kylie Jenner can become a “self-made” billionaire at age 21, so can you and I!
Even as wages stay stagnant and wealth inequality grows, it’s a comfort to think that we’re all simply one cosmetics company and some elbow grease away from fortune.
I was rather intrigued by the understanding of The Western Traffic Commissioner’s decision not to fine Stagecoach South West for their utter incompetence in running a bus service. He says (and I’m quoting directly): Without having made a decision, I remarked to the operator that this appeared not to be a case where a formal... Read more
Is riddled with the inconsistency that is the hallmark of this so-called government. We have train fares going up by ‘only’ 5.9% in March – less than the the usual ‘in line with inflation’ increase because actual inflation would dictate a rise of double that. So we have rail workers offered a 4% pay increase... Read more
These are all good things that John McDonnell suggests and much to be admired – but he really does look washed out, poor man… Even more importantly, even after all those years as shadow chancellor he still has no idea that money is actually always the state’s… He talks of a control on energy costs... Read more
Hello there H, You asked for some money advice. Let’s be clear I am no financial advisor. I am barely financially literate. It’s true however that I put my beloved R to sleep at night regaling her with my financial equivalent of a shortsighted Don Quixote attacking windmills …