Editor's Comment: Admittedly, this is a long and detailed article to read. Imagine the time and effort involved for Richard D. Vogel to produce it! If you don't have time to read the entire article, please read the author's words leading up to "What is Globalization" and "Closing the Texas Deal" ...... » read this article

By one estimate, China has been at the top of the global economy for 18 out of the last 20 centuries. That's an impressive track record, whatever you might think of imperialism, communism, and all the other systems that have prevailed in that vast country over the centuries. Even President... » read this article

2 February 2010 The Obama administration’s budget for the 2011 fiscal year, unveiled Monday, projects massive US government deficits for the next decade, fueled by gargantuan military spending and the impact of the financial and economic crisis of American and world capitalism. The US national debt is projected to more... » read this article

In a landmark decision, the Supreme Court rules corporations can spend unlimited amounts of money to elect and defeat candidates. One lawmaker describes it as the worst Supreme Court decision since the Dred Scott case justifying slavery. We speak with constitutional law professor, Jamin Raskin. // AMY GOODMAN: We... » read this article

The idea of secret banking cabals that control the country and global economy are a given among conspiracy theorists who stockpile ammo, bottled water and peanut butter. After this week’s congressional hearing into the bailout of American International Group Inc., you have to wonder if those folks are crazy after... » read this article

MoxNewsDotCom Also see: Dennis Kucinich Denounces Supreme Court Decision Congressman Dennis Kucinich (D-OH) today released the following statement following the 5-4 Supreme Court ruling in the case Citizens United v. Federal Election Commission: “Today’s decision will allow corporations to spend unlimited funds in support of political candidates. It will increase... » read this article

Professor of sociology and editor of Monthly Review, John Bellamy Foster, talks about the triple crises facing the people of the United State today in the economy, the environment, and in the imperial wars and occupations in Iraq, Afghanistan and beyond.              John Bellamy Foster: The Crisis of Capital:... » read this article

THE TIMING couldn't have been better for the Financial Crisis Inquiry Commission, which held its first public hearings on January 13-14. With their top employees set to enjoy huge bonuses thanks to taxpayer bailouts, the CEOs of the country's big banks should have been in the hot seat for their... » read this article

12 January 2010 A Free Trade Agreement (FTA) between the Association of South East Asian Nations (ASEAN) and China came into effect on New Year’s Day, creating the world’s third largest free trade bloc behind the European Union (EU) and the North American Free Trade Association (NAFTA). While limited in... » read this article

At the start of the last decade, in March 2000, the European Union heads of state announced the Lisbon Strategy. Its aim, by 2010, was to make Europe “the most competitive and dynamic knowledge-based economy in the world, capable of sustainable economic growth with more and better jobs and greater... » read this article

The new decade finds the US working class suffering a level of social misery not seen since the Great Depression. Unemployment, poverty, hunger, utility cutoffs, homelessness, foreclosures and bankruptcies have become common experiences for millions. But unlike in the Great Depression, when limited reforms were put in place in response... » read this article

7 January 2010 Some six million Americans—one in 50 people in the US—are living on no income other than $100 or $200 a month in food stamps, according to an analysis of state data by the New York Times. The number of people who reported that they are unemployed and... » read this article

A breathtakingly powerful Mafia is running away with the world as we knew it. We now have indiscriminate killings, torture and deprivation of civil rights. We have unbound aggression on countries that present an obstacle to U.S. global power. We have colossal negligence of the environment, we have an impending... » read this article

As the past decade slips away, it is easy to remember it economically as one which began with the dotcom boom and ended with the "Great Implosion" that left Britain, the US and other industrialised nations struggling with the most painful recession in the postwar period. But a deeper shift... » read this article

  4 January 2010 California currently faces a projected budget shortfall of more than $20 billion dollars through fiscal year 2010-2011. At the end of December, Governor Arnold Schwarzenegger issued an appeal to the federal government for more than $8 billion in aid. He also announced proposals for cuts in... » read this article

Dr. Benjamin Rush, a signer of the Declaration of Independence, is quoted as warning two centuries ago: “Unless we put medical freedom into the Constitution, the time will come when medicine will organize into an underground dictatorship. . . . The Constitution of this republic should make special privilege for... » read this article

The following was written as a rebuttal or commentary to my article If capitalism is crap, what’s the solution? Reader Rafael Ontiveros (Raf) challenged many of my premises, and particularly my use of the word ‘capitalism’ in any positive context. I invited him to expand his thoughts to a full... » read this article

We aim to replace the present capitalist system, with its inherent injustice and inhumanity, by a social order from which the domination and exploitation of one class by another will be eliminated, in which economic planning will supersede unregulated private enterprise and competition, and in which genuine democratic self-government, based... » read this article

(selected excerpts from article) "It doesn’t operate branches or automated-teller machines. Only millionaires can open checking accounts. Instead, Goldman Sachs exists to serve large corporations, governments, institutions and wealthy individuals." "Building a new headquarters cater-cornered to where the World Trade Center once stood qualified the firm to sell $1 billion... » read this article

You may have missed it in the mainstream news media, but statistical societal indicators are reading red across the board. Before exposing the root causes of this breakdown, let’s look at some vital statistics and facts: * The inequality of wealth in the United States is soaring to an unprecedented... » read this article