There’s no shortage of pundits condemning the riots in Baltimore. There are also plenty of well-meaning people focusing solely on the disenfranchisement of particular pockets of that city as if the human beings suffering there were characters in some morality play. But it’s time to talk economics, because the events in Baltimore didn’t happen in
Editor’s note: Strike Debt! is a nationwide movement of debt resisters fighting for a progressive economic agenda in their actions and alliances with several other groups. Susan Harman graciously shared her article documenting Strike Debt!’s Bay Area activities over the past year. You can and should contact the organization for more information. by Susan Harman
We face a dangerous new kind of economic uncertainty—uncertainty in the rule of law. After settling with the banks, the government wants the system to snap back into the old rules, with everyone acting as if widespread institutionalized theft never happened. It doesn’t work that way. What assurance do we have that the rules won’t be rewritten again, when more blind forgiveness is needed for us to “look forward, not back”?
To let the banks fail means wiping out the investments of the stockholders completely. Will Congress champion capitalism and let the banks fail, or will they rush to the rescue of their Wall Street benefactors from self-inflicted ruin? Either way, they’re looking at “Socialism!”
Even when personalized, it’s not always about “personal responsibility…” by Walter Brasch You have a credit card with a $25,000 limit. Because you have a good job, you only have $6,000 on the card, and routinely pay the monthly statement and a little extra on the principal. But then you decide you need a 52-inch