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
Members of the African People's Socialist Party and its Solidarity Committee were indicted on charges of acting under the influence of the Russian government. They vigorously defended themselves in…
African People's Socialist Party indictments, Cuban solidarity, and the 1970 police killings at Jackson State.
Omali Yeshitela is chairman of the African Peoples Socialist Party, leader of the Uhuru Movement, and the Black is Back Coalition.
Netfa Freeman just returned from Cuba, where he was one of the coordinators of the National Network on Cuba's delegation to the U.S. May Day Brigade.
C. Liegh McInnis is a poet, short story writer, and former instructor at Jackson State University.
