For most of the 20th century, until the 1980s, each generation of retirees had a somewhat higher standard of living than the last. With the Reagan era advent of federal policies encouraging private employers to raid and discontinue defined benefit pensions, that trend stopped. The current generation of retirees are discovering that their 401Ks are almost never sufficient to allow a dignified retirement. They've been robbed. 401Ks are subject to the stock market, which favors insiders, and financial managers and the retirement-industrial complex extract as much as a quarter of all 401K savings in parasitic fees. In this Against the Grain interview James Russell explains why Wall Street loves privatized and individual retirement accounts, and hates defined beneift pensions and social security,
listen
http://www.againstthegrain.org/files/files/atg/atg_2014.11.12_401ks.mp3
South African Pan-Africanist Victor Lungelo carefully maps the links between “Hitler’s Heirs:” Fascist South Africa and Zionist “Israel.”
Ann Garrison speaks to Maurice Carney about the role of China in the Democratic Republic of the Congo’s mining industry.
Dee Knight’s comments on a review by Ann Garrison in Black Agenda Report, of Cobalt Red: How the Blood of the Congo Powers Our Lives.
Book Forum Editor, Roberto Sirvent, interviews Austin Cole about his organizing work and political writing.
Exercise Tradewinds has historically been a show of military might and a threat to other nations in the Caribbean and Latin America that the West would exert force if they dared to stray from…
