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
The “radical” Mayor Chokwe Antar Lumumba has presided over the police killing of eight Black citizens since 2017.
The small world of prison food production is a microcosm of the American food system, which all too o#en functions as a race to the bottom.
The defund movement shows the way to divest from violence and repression, and invest in safety and life-affirming services.
Africa has been a net creditor to the rest of the world for decades, and must find ways to hold on to its capital.
State violence is a daily occurrence in rural areas and particularly in Black and indigenous territories.
