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How Secret Wall Street Fees Are Bleeding Our Cities Dry

How Secret Wall Street Fees Are Bleeding Our Cities Dry
By Zach Cartwright of U.S. Uncut. Cities, counties, and states are all hemorrhaging hundreds of billions, and possibly even trillions of dollars a year in banking fees. The root cause of this extortion has been ignored, until now. The Public Banking Institute’s (PBI) What Wall Street Costs ... Read more

Markets in the Next System

Markets in the Next System
By Jesse A. Myerson, www.thenextsystem.org Markets before capitalism  In her seminal work “The Origin of Capitalism,” the late scholar Ellen Meiksins Wood took on the credo that “capitalism emerged when the market was liberated from age-old constraints and when, for one reason or another, opportunities for trade ... Read more

5 Reasons the Top Tax Rate Should Be 80 Percent

5 Reasons the Top Tax Rate Should Be 80 Percent
By Paul Buchheit in Common Dreams. (Photo: Ken Teegardin/cc/flickr) It came up in the Republican debate again, the curious notion that striving for less inequality is somehow a form of “class warfare.” The implication is that the richest people earned everything they have through their ... Read more

Brooklyn Youth Create Jobs (And Community Roots)

Brooklyn Youth Create Jobs (And Community Roots)
By Rebecca Nathanson in Yes! Magazine. Image by Dana/Flickr. Through Local Compost Program This neighborhood made gardens out of vacant lots to tackle gentrification and high youth unemployment Snow covered most of the ground at El Garden, a community garden in the north Brooklyn neighborhood of ... Read more

Branding Tradition: A Bittersweet Tale of Capitalism at Work

Branding Tradition: A Bittersweet Tale of Capitalism at Work
Above image from Vermont Maple. By Steven Gorelick. Originally posted on the Local Futures blog at: http://www.localfutures.org/thank-you-vermont-a-bittersweet-tale/It’s almost sugaring time here in Vermont. On our homestead we tap about 25 trees, boil down the sap on the kitchen ... Read more

Jail the Bankers and Take Back Control Over Money

Jail the Bankers and Take Back Control Over Money
By Kevin Zeese and Margaret Flowers, co-hosts of Clearing the FOG Radio. When the 2008 financial crisis hit, Iceland had a very different response than the United States. Iceland let the big banks fail, nationalized them and prosecuted the bankers, sending 26 of the bank executives to jail for ... Read more