You hear a lot about millennials being in a tight spot financially, but less about the generation sandwiched between them and the baby boomers: Generation X. The oldest Gen-Xers were born in the mid-1960s and are now in their early 50s; many other Xers are well into their 40s, and they’ve suffered the brunt of several economic downturns. Gen-X, which …
Yves Smith – Armchair General Sells Australian Involvement in Ukraine….On Behalf of Arms-Maker-Funded Think Tank
By John Helmer, the longest continuously serving foreign correspondent in Russia, and the only western journalist to direct his own bureau independent of single national or commercial ties. Helmer has also been a professor of political science, and an advisor to government heads in Greece, the United States, and Asia. He is the first and only member of a US presidential …
The Labour coup is unravelling fast, and unwittingly hands the party back to those who built it
Jeremy Corbyn has lost a Vote of No Confidence, with 172-40 Labour MPs voting against him remaining as leader of the party. But celebrating MPs might wish to put the champagne back in the fridge, because this is more likely the beginning of their end, not Corbyn’s. When Jeremy Corbyn first stood for leader of the party, these MPs told us he …
John Michael Greer – Outside the Hall of Mirrors
The outcome of last week’s vote concerning Britain’s membership in the European Union has set off anguished cries and handwaving across much of the internet and the mass media. The unexpected defeat of the pro-EU camp, though, has important lessons to offer, and not just for those of my readers who live in Britain; the core issues underlying the Brexit referendum …
7 Out of 10 Americans Agree That Economy is Rigged Against Them
A new Marketplace-Edison Research poll published Tuesday found that a full 71 percent of respondents agree that the economy is rigged, affirming the popular rhetoric of the current presidential campaign season. The majority opinion held firm across ethnicity, class, age, and gender differences. A whopping 83 percent of African Americans polled agreed that the economy is rigged, and 80 percent of people …
NORMAN POLLACK – Economic Nationalism vs. Globalization: Janus-Faced Monopoly Capital
This week the conflict surfaced of the presumed difference between Trump’s economic nationalism and Clinton’s globalization, the former thought in the liberal media a betrayal of enlightened internationalism (similar to the condemnation of Britain’s exit from the EU) and, on the side of constructive economic statesmanship, a world order of free trade and peaceful harmony. The Great Obfuscation: Both are …
Gareth Porter – The Syria ‘dissent’ memo and US bureaucratic support for Kerry war strategy
The memorandum by 51 State Department officials calling for US military intervention in Syria last week has been treated in news media coverage as a case of dissent from existing Syria policy by individual officials involved in Syria policy. But the memo has all the earmarks of an initiative that had the blessing of the most senior officials in the department – …
Jack Rasmus – Brexit as Working Class Rebellion against Neoliberalism and “Free Trade”
Class, nationalist, and ethnic elements are all involved in the Brexit vote in a complex integration of protest. Press and media emphasize the nationalist and ethnic (immigrant-anti-immigrant) themes but generally avoid discussing or analyzing the event from a class perspective. But that perspective is fundamental. What Brexit represents is a proxy vote against the economic effects of Free Trade, the …
Yanis Varoufakis – Brexit won’t shield Britain from the horror of a disintegrating EU
Leave won because too many British voters identified the EU with authoritarianism, irrationality and contempt for parliamentary democracy while too few believed those of us who claimed that another EU was possible. I campaigned for a radical remain vote reflecting the values of our pan-European Democracy in Europe Movement (DiEM25). I visited towns in England, Wales, Scotland and Northern Ireland, seeking to convince …
Guy Faulconbridge – Brexit Bedlam: U.K. Ponders Uncertain Future After Historic ‘Leave’ Vote
LONDON (Reuters) – To leave, or not to leave: that is the question. Still. After Britain’s historic vote to leave the European Union, there is no indication that a so-calledBrexit will happen soon. It maybe never will. Prime Minister David Cameron, who is resigning, has said he will not take the formal step to an EU divorce on the grounds …