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 surge of attention to the Israeli occupation is unimaginable without last year’s “George Floyd” protests.
The corporate sports media practices a kind of settler state “Orientalism,” blaming black players for the ills of an industry owned by rich white men.
The US claims that it respects the international rule on law, but instead makes up the rules as it goes along, resulting in the death of millions.
“By controlling the international financial system, Washington can demand banks in foreign countries to accept US restrictions or face sanctions themselves.”
