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
Many Ethiopians expressed enthusiasm for what they consider the country’s first real, competitive election, writes Ann Garrison.
"From each according to his ability, to each according to his needs…” —Karl Marx
We regard militarism as the antithesis of revolutionary pan-African visions of Africa as a region freed from the destructive legacies of its patriarchal and colonial history.
Texas mandates that its schools see no racism, hear no racism, and teach nothing about racism, racial oppression or racial capitalism.
The new laws are part of a larger trend of conservative, right-wing efforts at the state level designed to counter the goals of social movements.
