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
Black voters feel trapped in the duopoly but other groups are giving a master class in political courage. The Abandon Biden campaign shows the way.
The late African revolutionary Sekou Odinga in his own words.
Siddarth Kara’s book exposes the exploitation behind the Fourth Industrial Revolution.
"MrJoeSam’s Text Messages" is the latest from BAR's Poet-in-Residence.
The U.S. Commission on the Social Status of Black Men and Boys’ is but one example of the shallow opportunism of the Black misleadership class and of Barack Obama's treachery.
