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
Contrary to the Black capitalist myth, most Greenwood residents were low wage working people employed by whites and living in substandard housing.
Today’s colonialists recruit Black politicians and Black terrorist groups who are willing to play along.
Joy James uses poet Lucille Clifton's image of “new bones” to reflect on a series of revolutionary anniversaries in 2021 and the nature of political leadership.
Dominican racial logic frequently contradicts what US scholars think they know about how race works.
Black History Month strengthened Black German claims of kinship with their nation and the larger diaspora.
