Saturday 3 December 2011 by: Jack Rasmus, Truthout | News Analysis (Photo: Justen Eason / Flickr [3]) The Occupy Wall Street movement has raised the slogan of “We are the 99 percent” and coined the catchphrase that articulates the standoff they’ve begun: “99 percent vs. the 1 percent.” So far, the idea of taxing the [...]

By Sam Pizzigati Another super-slick global financial analysis firm has just tallied how much net worth is sloshing around in the pockets of the world’s most spectacularly wealthy. So when will the time finally come to stop the counting and start the taxing? In today’s astoundingly unequal global economy, banks can go either of two [...]

By Christopher Petrella Any epoch of capitalism allegedly premised on competition is visible only from the rearview mirror. It is a leftist truism that in the process of competition, capitalism destroys competition. Competition, therefore, is transformed into its opposite: monopoly. Capitalism no longer survives by enlarging competition, but rather through its reduction. The supreme outcome [...]